Mayville Engineering Q2 revenue beats estimates on Datacenter & Critical Power growth

Mayville Engineering

04/08/2026 21:33

Overview
US manufacturing solutions provider's Q2 revenue rose 23% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 beat consensus, driven by demand in Datacenter & Critical Power markets
Company raised full-year 2026 net sales guidance by about 5%

Outlook
Company raises full-year 2026 net sales guidance to $620 mln-$650 mln
Mayville Engineering sees Q3 2026 net sales of $160 mln-$170 mln
Company expects Q3 2026 adjusted EBITDA of $15.5 mln-$18.5 mln

Result Drivers
DATACENTER & CRITICAL POWER GROWTH - Strong demand and Accu-Fab acquisition drove significant sales increase in this segment
COMMERCIAL VEHICLE & CONSTRUCTION DEMAND - Higher OEM production and improved non-residential construction activity contributed to revenue growth
PROJECT LAUNCH & WORKFORCE COSTS - Margins were partially offset by launch costs for new programs and higher workforce expenses

Company press release: ID:nBw7rG1nCa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$163 mln
$150.60 mln (5 Analysts)
Q2 Loss Per Share
 
$0.09
 
Q2 Net Loss
 
$2.1 mln
 
Q2 Adjusted EBITDA
Beat
$13.2 mln
$11.74 mln (5 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for Mayville Engineering Company Inc is $35.00, about 31.8% above its August 3 closing price of $26.55
The stock recently traded at 47 times the next 12-month earnings vs. a P/E of 586 three months ago

Reuters Recommended Reads
Aug 4 - Caterpillar lifts 2026 sales growth forecast as AI buildout powers on
Aug 4 - AMETEK beats Q2 sales and adjusted EPS estimates, raises 2026 outlook
Aug 3 - Custom Truck One Source Q2 revenue up on utility transmission, distribution markets strength; raises FY outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)