Mayville Engineering (NYSE:MEC) reported first-quarter 2026 results that topped management’s expectations, as rapid growth in its data center and critical power business offset continued softness across several legacy end markets.
President and CEO Jag Reddy said the quarter reflected “strong top-line momentum” in data center and critical power, while the broader business remained in transition as the company prepared for a series of program launches throughout 2026. Those preparations included repositioning resources, completing tooling requirements and retaining variable costs ahead of production ramps, which weighed on margins during the quarter.
