Mayville Engineering Q1 revenue, adj EBITDA beats estimates

Mayville Engineering

05/05/2026 21:45

Overview

U.S. manufacturing solutions provider's Q1 revenue rose 6.8% yr/yr, beating analyst expectations

Q1 adjusted EBITDA beat consensus, but margin declined due to project launch costs

Company posted Q1 net loss as higher interest and launch costs offset sales gains

Outlook

Mayville Engineering sees Q2 net sales between $145 mln and $155 mln

Company expects Q2 adjusted EBITDA between $10 mln and $13 mln

Mayville Engineering sees FY 2026 net sales of $590 mln to $620 mln

Result Drivers

DATACENTER & CRITICAL POWER GROWTH - Strong demand and new project awards in Datacenter & Critical Power segment drove revenue gains, aided by the Accu-Fab acquisition

PROJECT LAUNCH & RESTRUCTURING COSTS - Margins declined due to $1.2 mln in Datacenter & Critical Power project launch costs and non-recurring restructuring expenses

LEGACY MARKET SOFTNESS - Lower demand in Commercial Vehicle and Military end markets weighed on results

Company press release: ID:nBw3gZFFta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$144.80 mln
$139.17 mln (5 Analysts)
Q1 EPS
-$0.40
Q1 Net Income
-$8.2 mln
Q1 Adjusted EBITDA
Beat
$6.5 mln
$6.007 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 $25.00, about 12.9% above its May 4 closing price of $22.15

The stock recently traded at 649 times the next 12-month earnings vs. a P/E of 275 three months ago

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.)