Mayville Engineering Reports Q3 2026 Growth Driven by Data Center Demand
Mayville Engineering (MEC) reported strong third-quarter results for fiscal year 2026, with net sales rising 18.1% to $170.4 million. This growth was primarily fueled by a significant 64.9% surge in the Datacenter & Critical Power segment and a 34.7% increase in Commercial Vehicle sales. The company successfully transitioned from a net loss in the prior year to a net income of $0.4 million this quarter. Despite the top-line growth, the company faces operational headwinds including high premium labor costs—reaching $90 per hour for contracted welders—and underutilization in legacy markets like Agriculture and Powersports. Management is actively reallocating capacity toward higher-margin data center work, supported by a $200 million opportunity pipeline and new project awards totaling $45 million during the quarter.
Tickers: $MEC
Topics: commercial vehicle market data center demand EBITDA margin improvement net sales growth revenue guidance