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Mayville Engineering MEC Q2 2026 earnings

Reported August 4, 2026 · After market close

Revenue$163.0MBeat by $12.4M
EPS$0.07Beat by $0.12
Revenue estimate$150.6M
EPS estimate-$0.05
Our second quarter results reflect stronger-than-expected order activity within our Commercial Vehicle end market and continued momentum across our Datacenter & Critical Power end market. Our execution remained strong as we continued to invest in resources and equipment necessary to support the accelerating customer demand. As volumes increased, margins improved through better capacity utilization, though we continued to absorb project launch costs associated with the ramp up of new Datacenter & Critical Power programs. At the same time, we are making selective decisions to prioritize capacity for higher-value, higher-margin programs that support long-term profitable growth.
Jag Reddy

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$165.1M
EPS estimate$0.15

Financials

Q2 2026

Income statement

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Revenue$163.0M+23.2%
Gross profit$17.7M+29.9%
Operating income$388.0K+411%
Net income-$2.1M-91.0%
EPS (diluted)-$0.09-80.0%

Balance sheet

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Cash & equivalents$2.2M+969%
Total debt$29.0M-4.9%
Total equity$325.5M+31.9%
Total assets$588.6M+35.7%

Cash flow

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CapEx$8.1M+230%
Free cash flow-$6.6M-153%

Valuation & ratios

Valuation

as of 09/16/26
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Market cap$437.08M+47.4%
Enterprise value$463.9M+42.0%
P/S0.8×+0.2×

Profitability

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Gross margin9.1%-1.7pp
Operating margin-2.2%-8.0pp
Net margin-3%-6.4pp
FCF margin-0.6%-13.7pp

Returns & leverage

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Return on equity-6%-13.4pp
Debt / equity0.1×0.0×
Current ratio1.7×+0.1×

Segments

By product

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Fabrication$95.3M+49.1%
Performance Structures$41.8M+5.0%
Tubes$19.7M-4.2%
Tank$8.1M-12.6%
Outdoor Sports$1.7M-17.5%

FAQ

When did Mayville Engineering report Q2 2026 earnings?
Mayville Engineering (MEC) reported Q2 2026 earnings on August 4, 2026 after market close.
What were Mayville Engineering's Q2 2026 revenue and EPS?
Mayville Engineering reported revenue of $163.0M and eps of $0.07 for Q2 2026.
Did Mayville Engineering beat estimates in Q2 2026?
Revenue beat the consensus estimate of $150.6M by $12.4M. EPS beat the consensus estimate of $-0.05 by $0.12.
How did Mayville Engineering's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 23.2% from $132.3M a year earlier and eps declined 30.0% from $0.10.
Where can I find Mayville Engineering's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001104659-26-090424) and the 10-Q periodic report (0001104659-26-091110) directly on SEC EDGAR. The filing index links above go to sec.gov.