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EarningsQ2 2026 Earnings Report
MEC Q2 2026 EPS Results
Actual EPS$0.07
Consensus EPS-$0.05
Beat/MissBeat by +$0.12
One Year Ago EPS$0.10
MEC Q2 2026 Revenue Results
Actual Revenue$162.98M
Expected Revenue$150.59M
Beat/MissBeat by +$12.39M
YoY Revenue Growth+23.16%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
MEC Upcoming Earnings
Mayville Engineering Company's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MEC Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive picture driven by strong top-line growth, a robust Datacenter & Critical Power surge (173% YoY) and a large pipeline and bookings flow, supported by a $94M equity raise that improved liquidity. Management is investing aggressively to expand capacity and is taking disciplined, margin-focused commercial actions (pricing and selectivity) to capture higher-value, longer-term programs. Near-term profitability and cash flow are under pressure from deliberate launch and outsourcing costs ($2.1M in Q2 plus $2–$3M expected in H2), increased interest expense, and higher net debt/leverage (2.9x), but these are presented as temporary and funded by strengthened liquidity and planned capital investments. Overall, highlights around demand, bookings, and strategic positioning notably outweigh the near-term margin and cash-flow headwinds.Company Guidance
Strong Top-Line Growth
Total sales increased 23.2% year-over-year to $163.0 million in Q2 2026; organic net sales (ex-Accu-Fab) rose 9.2% YoY.
Datacenter & Critical Power Outperformance
Datacenter & Critical Power delivered organic growth of ~173% year-over-year; qualified opportunity pipeline exceeds $125 million and projects scheduled to launch in 2026 are ~$50–$60 million. DCP expected to represent ~20% of total 2026 revenue.
Meaningful New Awards and Bookings
Secured approximately $40 million in new DCP awards during the quarter; company expects total 2026 bookings to exceed $150 million. Since the Accu-Fab close, ~$135 million of bookings have been recorded (including ~$55 million from one new customer this year).
Improved Manufacturing Margin and Capacity Investments
Manufacturing margin improved to 10.9% in Q2 2026 from 10.3% prior year, aided by Accu-Fab contribution and better utilization. Company plans ~$50 million incremental investments (CapEx + leased equipment) over next 2 years to expand capacity and support long-term profitable growth.
Balance Sheet Strengthening via Equity Offering
Completed a common stock offering that generated approximately $94 million in net proceeds; proceeds used to reduce debt and company exited the quarter with more than $100 million of available liquidity.
Raised Full-Year Net Sales Guidance
Full-year 2026 net sales guidance increased to $620–$650 million, reflecting a full year of Accu-Fab ownership, $50–$60 million of incremental cross-selling revenue, and improving legacy end-market demand.
Selective, Margin-Focused Commercial Strategy
Management is actively repricing and prioritizing higher-value DCP programs, selectively declining smaller/low-margin opportunities, exploring capacity reservation models with customers, and targeting a long-term DCP mix of ~25–30% of revenue.
MEC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed