Mercury Sys Inc Stock Price, News & Analysis

Mercury Systems (NASDAQ: MRCY) reported Q1 fiscal 2026 results on November 4, 2025: revenue $225.2M (+10.2% YoY), bookings $250.2M (book-to-bill 1.11), and a record backlog $1.4B (up ~6.5% YoY).

GAAP net loss was $12.5M (loss per share $0.21). Non-GAAP results included adjusted EBITDA $35.6M (15.8% margin) and adjusted EPS $0.26. Operating cash flow was $2.2M and free cash flow was $(4.4)M, both improved versus prior year.

Corporate actions: Board authorized a $200M share repurchase program and amended the revolving credit facility to $850M maturity extended five years; outstanding revolver balance was $591.5M as of the amendment.

Mercury Systems (NASDAQ: MRCY) said it was awarded a multi-year, cost-plus-fixed-fee development contract in September to build a multi-mission, multi-domain subsystem for a U.S. defense prime contractor. The program will use the Mercury Processing Platform capabilities including advanced microelectronics packaging, mixed-signal conversion and distribution, thermal management, and chassis-level integration.

The company said the award enables rapid development, trusted integrated solutions, and transition to high-rate manufacturing to support multiple national security platforms. The release reiterates standard forward-looking risk factors affecting program funding, timing, supply chain, and execution.

Mercury Systems (NASDAQ: MRCY) will report first quarter fiscal 2026 financial results after market close on Tuesday, November 4, 2025.

Management will host a conference call and simultaneous webcast at 5:00 p.m. ET the same day to discuss quarterly results, business highlights, and outlook. Participants should register at ir.mrcy.com/events-presentations and are asked to register at least one day in advance or at minimum 15 minutes before the call. A replay of the webcast will be available two hours after the call and archived on the same page for six months.

Company contact: Tyler Hojo, CFA, Vice President Investor Relations (Tyler.Hojo@mrcy.com).

Mercury Systems (NASDAQ: MRCY) will demonstrate an AI-powered integrated threat detection solution at the AUSA Annual Meeting & Exposition, Oct. 13-15, 2025, booth 1115. The company will show a FACE-compliant Aided Target Recognition software running on CMOSS-aligned small form factor processors and display hardware to pinpoint targets, detect distant threats, monitor movement, and share actionable data across networks.

The solution has been proven in government-sponsored flight tests supporting coordinated drone swarms and manned-unmanned teaming. Meetings can be scheduled at AUSA or by visiting booth 1115.

Mercury Systems (NASDAQ: MRCY) and Nightwing announced an agreement on October 6, 2025 to integrate Nightwing cyber resiliency technology into Mercury hardware.

The collaboration will deliver pre-integrated cybersecurity and anti-tamper capabilities across application runtimes, aimed at government and defense customers. The partnership emphasizes faster fielding, reduced total cost of ownership, and curated security features informed by Nightwing’s experience with U.S. military and intelligence missions.

Mercury Systems (NASDAQ: MRCY) has secured a significant $12.3 million development contract from a defense prime contractor to develop an avionics subsystem for a new U.S. military aircraft. The three-year agreement, signed in July, involves developing a Communication Management Unit (CMU) control head that will consolidate and manage multiple cockpit communications systems.

The contract represents a strategic expansion for Mercury's Displays and Networking product line, introducing both a new product and customer relationship. The technology will leverage Mercury's Processing Platform to enhance pilot-machine interface capabilities for improved decision-making in critical aerospace and defense missions.

Mercury Systems (NASDAQ: MRCY) has announced a new production agreement with AeroVironment (NASDAQ: AVAV) to support the U.S. Space Force's Satellite Communication Augmentation Resource (SCAR) program. The agreement extends Mercury's role in providing FPGA-based signal acquisition and digital beamforming solutions for AV's BADGER system under the $1.4 billion SCAR contract.

The new production agreement, signed in April, will support two additional BADGER systems, building upon Mercury's initial contract from 2023 for the first four systems. The BADGER system is a multi-band deployable ground communications system designed to simplify space mission operations through agile, re-configurable beamforming tiles.

Mercury Systems (NASDAQ: MRCY) reported strong Q4 FY25 results with record quarterly bookings of $341.5 million and a book-to-bill ratio of 1.25. Q4 revenue reached $273.1 million, up 9.9% year-over-year, with GAAP net income of $16.4 million.

The company achieved record backlog of $1.40 billion, up 6% year-over-year. Full-year FY25 revenue was $912.0 million, increasing 9.2% from FY24. Adjusted EBITDA for Q4 was $51.3 million with an 18.8% margin, while full-year adjusted EBITDA reached $119.4 million with a 13.1% margin.

Mercury generated record free cash flow of $119.0 million for FY25, with Q4 contributing $34.0 million. The company's strong performance was reflected across key metrics including backlog, revenue, net income, adjusted EBITDA, and free cash flow growth.

Mercury Systems (NASDAQ: MRCY) has scheduled its fourth quarter and full year fiscal 2025 financial results announcement for August 11, 2025, after market close. The company will host a conference call and webcast at 5:00 p.m. ET on the same day.

Management will discuss quarterly financial results, business highlights, and outlook during the call. Participants must register online at ir.mrcy.com/events-presentations, preferably a day in advance or at least 15 minutes before the call. A webcast replay will be available two hours after the call and archived for six months.