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    Mercury Systems Inc (MRCY)

    Official site

    INDUSTRIALS • AEROSPACE & DEFENSE • NASDAQ

    $76.41
    +0.72 (+0.95%)

    Market Cap: $4.61B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    69%(27/39)
    Avg Surprise
    +18.46%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.30
    Range$0.26 - $0.33
    11 analysts
    EPS RevisionsNo revisions (7d)
    5
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$0.26+13.5%
    60d ago$0.27+11.2%
    30d ago$0.30-1.2%
    7d ago$0.300.0%
    Current$0.30
    Revenue Consensus
    $245M
    Range$243M - $246M
    11 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.35
    Range$0.32 - $0.38
    11 analysts
    EPS RevisionsNo revisions (7d)
    4
    2
    30d
    EPS Estimate DriftChange to current
    90d ago$0.33+6.4%
    60d ago$0.33+4.0%
    30d ago$0.35+0.1%
    7d ago$0.350.0%
    Current$0.35
    Revenue Consensus
    $259M
    Range$255M - $266M
    11 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.35---
    Sep 26EST
    		-$0.30---
    Jun 26
    Reported Aug 18
    		$0.18$0.20-10.00%Miss-61.7%
    Mar 26
    Reported May 5
    		$0.27$0.07+285.71%Beat+350.0%
    Dec 25
    Reported Feb 3
    		$0.16$0.06+166.67%Beat+128.6%
    Sep 25
    Reported Nov 4
    		$0.26$0.09+188.89%Beat+550.0%
    Jun 25
    Reported Aug 11
    		$0.47$0.22+113.64%Beat+104.3%
    Mar 25
    Reported May 6
    		$0.06$0.07-14.29%Miss+123.1%
    Dec 24
    Reported Feb 4
    		$0.07$-0.04+275.00%Beat+116.7%
    Sep 24
    Reported Nov 5
    		$0.04$-0.08+150.00%Beat+116.7%
    Jun 24
    Reported Aug 13
    		$0.23$-0.04+675.00%Beat+109.1%
    Mar 24
    Reported May 7
    		$-0.26$-0.06-333.33%Miss-165.0%
    Dec 23
    Reported Feb 6
    		$-0.42$0.08-625.00%Miss-261.5%
    Sep 23
    Reported Nov 7
    		$-0.24$0.17-241.18%Miss-200.0%
    Jun 23
    Reported Aug 15
    		$0.11N/A-81.36%Miss-86.4%
    Mar 23
    Reported May 2
    		$0.40$0.37+8.11%Beat-29.8%
    Dec 22
    Reported Jan 31
    		$0.26$0.32-18.75%Miss-33.3%
    Sep 22
    Reported Nov 1
    		$0.24$0.21+14.29%Beat-41.5%
    Jun 22
    Reported Aug 2
    		$0.81$0.98-17.35%Miss+11.0%
    Mar 22
    Reported May 3
    		$0.57$0.58-1.72%Miss-10.9%
    Dec 21
    Reported Feb 1
    		$0.39$0.42-7.14%Miss-27.8%
    Sep 21
    Reported Nov 2
    		$0.41$0.40+2.50%Beat-19.6%
    Jun 21
    Reported Aug 3
    		$0.73$0.68+7.35%Beat+1.4%
    Mar 21
    Reported May 4
    		$0.64$0.62+3.23%Beat+6.7%
    Dec 20
    Reported Feb 2
    		$0.54$0.51+5.88%Beat+0.0%
    Sep 20
    Reported Nov 3
    		$0.51$0.47+8.51%Beat+15.9%
    Jun 20
    Reported Aug 4
    		$0.72$0.57+26.32%Beat+53.2%
    Mar 20
    Reported Apr 28
    		$0.60$0.52+15.38%Beat+20.0%
    Dec 19
    Reported Jan 28
    		$0.54$0.48+12.50%Beat+14.9%
    Sep 19
    Reported Oct 29
    		$0.44$0.41+7.32%Beat+12.8%
    Jun 19
    Reported Jul 30
    		$0.47$0.44+6.82%Beat+0.0%
    Mar 19
    Reported Apr 30
    		$0.50$0.45+11.11%Beat+66.7%
    Dec 18
    Reported Jan 29
    		$0.47$0.42+11.90%Beat+67.9%
    Sep 18
    Reported Oct 30
    		$0.39$0.35+11.43%Beat+5.4%
    Jun 18
    Reported Jul 31
    		$0.47$0.42+11.90%Beat+46.9%
    Mar 18
    Reported Apr 24
    		$0.30$0.35-14.29%Miss+3.4%
    Dec 17
    Reported Jan 23
    		$0.28$0.30-6.67%Miss-6.7%
    Sep 17
    Reported Oct 24
    		$0.37$0.26+42.31%Beat-
    Jun 17
    Reported Aug 1
    		$0.32$0.29+10.34%Beat-
    Mar 17
    Reported Apr 25
    		$0.29$0.28+3.57%Beat-
    Dec 16
    Reported Jan 23
    		$0.30$0.26+15.38%Beat-

    Key Metrics

    Valuation
    P/E Ratio87.83EV/EBITDA72.65x
    Price/FCF66.73xFCF Yield1.50%
    Profitability
    Profit Margin-3.02%Operating Margin1.23%
    ROE-2.00%ROIC-0.36%
    Financial Health
    Debt/Equity0.29xInterest Coverage-0.24x
    Current Ratio2.96xQuick Ratio1.85x
    Trading Statistics
    Beta0.98Avg Volume568.34K
    52-Week High$128.4552-Week Low$65.04

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$79.48
    SMA 20$81.38
    SMA 50$88.66
    SMA 200$92.15
    EMA 10$78.74
    EMA 20$80.94
    EMA 50$86.81
    EMA 200$88.63

    MACD

    Line: -3.00Signal: -2.76Hist: -0.24

    ADX

    ADX: 22.6+DI: 13.7-DI: 32.7

    Aroon & PSAR

    Aroon Up20.0
    Aroon Down100.0
    PSAR$83.64

    Bollinger Bands

    Upper Band$87.57
    Lower Band$75.19
    %B Position1522%(Upper)
    Band Width0.10

    RSI (14-Day)

    Neutral
    33.9

    Momentum Oscillators

    Stoch %K14.4
    Stoch %D11.6
    Williams %R-76.9
    ROC (10d)-9.1%
    Momentum-7.66
    CCI (20d)-147.6
    MFI (14d)41.1

    Volatility Measures

    ATR (14d)$3.12(4.1%)
    StdDev (20d)3.10
    Hist Vol26.6%(Moderate)

    Volume Flow

    VWAP$75.46
    OBV19.4M
    AD Line5.3M
    CMF (20d)-0.066

    Volume Metrics

    Avg Vol (20d)562.9K
    Vol Ratio0.8x
    VWMA (20d)$82.04

    Pivot Points

    R3$79.23
    R2$78.22
    R1$76.96
    Pivot Point$75.95
    S1$74.69
    S2$73.68
    S3$72.42

    Advanced Oscillators

    TSI-26.89
    Ultimate Osc49.9
    KST-87.83

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$289.78M$235.76M$232.87M$225.21M$273.11M$211.36M$223.13M$204.43M$248.56M$208.26M$197.46M$180.99M
    Cost of Revenue$201.20M$166.71M$172.24M$162.31M$188.34M$154.25M$162.30M$152.64M$175.35M$167.62M$165.94M$130.46M
    Gross Profit$88.58M$69.05M$60.63M$62.90M$84.77M$57.11M$60.83M$51.79M$73.21M$40.64M$31.52M$50.53M
    Operating Expenses$74.12M$63.82M$71.45M$71.50M$61.22M$74.45M$73.24M$65.21M$81.18M$86.30M$85.45M$90.73M
    R&D$16.16M$15.01M$15.38M$13.18M$11.91M$15.98M$21.37M$18.38M$19.42M$21.56M$28.48M$31.87M
    SG&A$47.85M$39.14M$42.14M$45.91M$37.71M$43.04M$40.50M$33.15M$43.37M$43.16M$44.47M$35.79M
    Operating Income$14.46M$5.23M$-10,818,000$-8,597,000$23.55M$-17,344,000$-12,415,000$-13,418,000$-7,968,000$-45,656,000$-53,929,000$-40,201,000
    Interest Income$1.54M$2.51M$1.65M$2.03M$1.37M$1.29M$406,000$544,000$525,000$542,000$29,000$103,000
    Interest Expense$6.52M$7.33M$7.85M$7.89M$8.03M$8.07M$8.43M$8.91M$9.16M$9.32M$8.67M$7.86M
    Income Before Tax$7.79M$-2,687,000$-17,459,000$-16,536,000$18.82M$-21,818,000$-24,304,000$-23,119,000$-18,601,000$-57,217,000$-63,722,000$-49,735,000
    Income Tax Expense$7.00M$174,000$-2,364,000$-4,021,000$2.45M$-2,648,000$-6,725,000$-5,594,000$-7,824,000$-12,643,000$-18,141,000$-13,027,000
    Net Income$798,000$-2,861,000$-15,095,000$-12,515,000$16.37M$-19,170,000$-17,579,000$-17,525,000$-10,777,000$-44,574,000$-45,581,000$-36,708,000
    EBITDA$30.29M$20.09M$7.04M$8.24M$45.45M$4.88M$4.64M$6.46M$11.42M$-26,686,000$-32,884,000$-19,283,000
    EBIT$12.78M$2.14M$-11,258,000$-10,677,000$25.48M$-15,040,000$-16,280,000$-14,757,000$-9,967,000$-48,440,000$-55,077,000$-41,975,000
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $32.29M
    Gov Obligations / Revenue
    3.3%
    Obligations YoY
    -45.3%
    Active Awards
    64
    New Awards (TTM)
    35
    Avg Remaining Term
    13.4 mo

    Top agency: Department of Defense at 100.0% of trailing twelve month obligations across 2 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    N0010426CSA06Department of DefenseDepartment of the Navy$6.75MMar 12, 2026
    SPRPA126FDS03Department of DefenseDefense Logistics Agency$3.35MMar 30, 2026
    N0038326FDS06Department of DefenseDepartment of the Navy$3.30MMay 4, 2026
    SPRPA126FDS04Department of DefenseDefense Logistics Agency$1.49MApr 8, 2026
    N6660425P0425Department of DefenseDepartment of the Navy$1.07MAug 27, 2025
    SPE8EN26C0003Department of DefenseDefense Logistics Agency$818400Mar 30, 2026
    N0010426CSA02Department of DefenseDepartment of the Navy$813720Nov 25, 2025
    SPE4A726P2347Department of DefenseDefense Logistics Agency$766506Nov 13, 2025
    N0010426PSB03Department of DefenseDepartment of the Navy$508575Feb 3, 2026
    N0010426PSA71Department of DefenseDepartment of the Navy$360000Feb 2, 2026

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    Mercury Systems stock sits 47.49 percent below 13-analyst target

    Mercury Systems (MRCY) stock is currently trading 47.49% below the average target of 13 analysts, who have issued a "Moderate Buy" consensus with a USD 112.80 target. The company's stock cost EUR 67.61 on October 15...

    ad-hoc-news.de•10/15/26•Somewhat-Bullish

    Should Phoenix Expansion Require Action From Mercury Systems (MRCY) Investors?

    Mercury Systems has expanded its Phoenix production facility by 50,000 sq ft and launched RES One, a rugged edge server platform...

    Simply Wall Street•10/14/26•Somewhat-Bullish

    Mercury Systems to Report First Quarter Fiscal Year 2027 Financial Results on November 10, 2026

    Mercury Systems Inc. (NASDAQ: MRCY) announced it will release its first quarter fiscal year 2027 financial results after market close on Tuesday, November 10...

    GlobeNewswire•10/13/26•Neutral

    Mercury Systems (MRCY), What Is Behind The Fresh Attention?

    Mercury Systems (MRCY) is gaining attention due to its recent 50,000 sq. ft. expansion of its Phoenix manufacturing campus and the launch of its RES One rugged edge server platform. While the company exhibits strong...

    Simply Wall Street•10/11/26•Somewhat-Bullish

    Mercury Systems Inc. Research & Ratings | MRCY

    This article provides detailed research and ratings for Mercury Systems Inc. (MRCY), an aerospace and defense electronics company. It includes analyst ratings with an average price target of $116.27...

    Barron's•10/9/26•Neutral

    MRCY Valuation and Fair Value

    P/E
    87.8x
    Forward P/E
    50.0x
    EV/EBITDA
    72.7x
    P/FCF
    66.7x
    PEG
    2.8x
    P/B
    3.0x
    See GNG's fair value

    MRCY Profitability: Margins, ROIC and FCF

    Gross margin
    28.6%
    Operating margin
    1.2%
    Net margin
    -3.0%
    ROIC
    -0.4%
    ROE
    -2.0%
    FCF margin
    6.9%
    FCF yield
    1.5%

    MRCY Competitors

    CompanyTicker
    X-Energy, Inc. Class A Common StockXE
    VSE CorporationVSEC
    Trex Company IncTREX
    Karman Holdings Inc.KRMN
    Construction Partners IncROAD
    Joby AviationJOBY
    RXO Inc.RXO
    KBR IncKBR

    Sector: Industrials

    MRCY Analyst Ratings

    Consensus
    Buy
    Analysts
    11
    Strong Buy
    2
    Buy
    6
    Hold
    2
    Sell
    1
    Strong Sell
    0

    MRCY Bull Case vs Bear Case

    Bull case

    • MRCY beat EPS estimates in 75.0% of its last 8 reported quarters.
    • 72.7% of MRCY's analyst ratings are Buy or Strong Buy.

    Bear case

    • MRCY trades at 87.8x trailing earnings.
    • MRCY has a -3.0% net profit margin.

    MRCY Earnings: Beat Rate and Next Report

    Beat rate
    6 of 8 quarters (75.0%)
    Average surprise
    144.5%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.30
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    5 up, 1 down

    Frequently Asked Questions About MRCY

    Does MRCY pay dividends?

    Mercury Systems Inc (MRCY) does not currently pay a regular dividend.

    What is MRCY's P/E ratio?

    Mercury Systems Inc has a price-to-earnings (P/E) ratio of 87.83.

    What is MRCY's market cap?

    Mercury Systems Inc (MRCY) has a market capitalization of $4.61B with a current stock price of $76.41.

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