Mercury Systems

Mercury Systems, Inc. is a global commercial technology company, which serves the aerospace and defense industry. It offers products through the following categories: Components, Modules and Sub-Assemblies, and Integrated Subsystems. The Components category refers to technology elements performing a single, discrete technological function, which when physically combined with other components may be used to create a module or sub-assembly. The Modules and Sub-Assemblies category includes combinations of multiple functional technology elements and components that work together to perform multiple functions but are resident on or within a single board or housing. The Integrated Subsystems category covers multiple modules and sub-assemblies combined with a backplane or similar functional element and software to enable a solution. The company was founded on July 14, 1981, and is headquartered in Andover, MA.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

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Earnings data Q1 2025

Earnings data Q2 2025

MRCY reports strong Q3 performance but faces challenges with development delays and higher costs

MRCY's Q3 performance exceeded revenue guidance but faced challenges due to pandemic impacts and development program shifts. Optimism for record bookings and a positive book-to-bill for the year, along with progress in production ramp-up, positions the company for a rebound in fiscal '24. Challenges with delays, technology issues, and higher costs have impacted results for the year.

Mercury Systems reports Q2 growth, eyes margin expansion in Q4

Mercury Systems navigated challenges in Q2, with revenue growth, increased bookings, and a focus on margin expansion and cost-saving initiatives.
Despite program delays impacting EBITDA, the company remains optimistic about returning to organic growth and improving cash flow in Q4 and fiscal '24.
Anticipated improvements in lead times and pricing actions to counter inflation present opportunities for growth and profitability.
Strong backlog coverage, supply chain coordination, and a strategic review for potential options position Mercury Systems for future success.

Mercury Systems reports strong Q3 performance amidst margin challenges

Mercury Systems' Q3 performance showcased strong revenues, record bookings, and challenges in margin degradation from development programs and pandemic impacts.
Despite challenges, the company is making progress with improved yields, leadership changes, and a software fix expected to resolve issues affecting production.
Opportunities lie in margin expansion, growth prospects, and resolving challenges to improve working capital in fiscal '24 and beyond.

Mercury Systems anticipates transition year, focuses on growth and execution

Mercury Systems anticipates a transition year in FY '24 with a focus on improving execution, driving organic growth, and enhancing margins.
Challenges on certain programs impacted financial performance, but the company is confident in resolving them and improving cash flow conversion.
The company's strong strategic positioning and focus on operational efficiency bode well for future growth and margin expansion.
Guidance reflects a conservative view on improvement, with opportunities identified in addressing challenges and capitalizing on future programs.

Mercury Systems reports Q1 challenges, eyes profitability rebound

Mercury Systems faced challenges in Q1 2024 with a focus on completing challenged programs to drive profitability and improve cash flow.
Despite a decrease in revenues and challenges in program costs, the company maintained full-year guidance and anticipates better performance in the second half.
Stability improvements, a focus on material progression, and expectations of improved bookings present opportunities for enhanced profitability and cash flow.

Mercury Systems reports mixed Q2 results, lowers revenue guidance

Mercury Systems' Q2 2024 earnings call highlighted strong bookings and positive cash flow, but revenue and earnings fell short of expectations. The company revised revenue guidance downward, withdrew full-year earnings guidance, and emphasized transitioning programs to production and improving working capital management. Challenges include cost growth, program delays, and potential cash flow risks.

Mercury Systems reports record backlog and challenges in margin expansion

Mercury Systems showed progress in Q3 2024 but faced challenges with margin expansion and common processing architecture.
The company's strengths lie in improved free cash flow, resolving challenge programs, and positive outlook on future pipeline.
Opportunities in targeting the space market, transitioning programs to production, and market attractiveness are key for future growth.

Mercury Systems (MRCY) exceeds expectations in FY '24, eyes growth in FY '25

Mercury Systems (MRCY) reported strong FY '24 results, exceeding revenue and free cash flow expectations. The company aims to address challenges and capitalize on opportunities in FY '25 to drive growth and margin expansion. Focus on predictable performance, organic growth, and free cash flow improvement.

Mercury Systems (MRCY) reports strong Q1 results and eyes margin improvement in FY '25

Mercury Systems delivered robust Q1 2025 results with strong bookings and revenue growth, backed by a record backlog.
While facing challenges like negative free cash flow and supply chain constraints, the company is focused on operational improvements.
Strategic priorities and expectations for improving margins and positive free cash flow signal a promising outlook for FY '25.

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Mercury Systems, Inc. is a technology company, which engages in the delivery of processing technology for aerospace and defense missions. Its processing technologies include signal solutions, display, software applications, networking, storage, and secure processing. It operates through the following geographical segments: US, Asia Pacific, and Europe. The company was founded on July 14, 1981 and is headquartered in Andover, MA.

Mercury Systems, Inc. (MRCY) CEO Mark Aslett on Q2 2022 Results - Earnings Call Transcript

Second Quarter Highlights Include: Bookings of $237 million yielding book-to-bill of 1.08 Revenues of $220 million increased 5% over prior year Completed the acquisitions of Avalex Technologies and Atlanta Micro Executing on 1MPACT value creation initiative as planned

Mercury Systems Reports Second Quarter Fiscal 2022 Results

Under the latest $17 million contract, Mercury (MRCY) will provide the U.S and allies with RF microelectronics solutions in support of the advancement of missile expertise.

Mercury (MRCY) Offers US & Allies RF Microelectronics Solutions

ANDOVER, Mass., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced it was awarded a $17 million contract to provide crucial RF microelectronics supporting missile capabilities of the U.S. and its allies in ensuring 21st-century air dominance. These multi-channel digital RF assemblies will help provide real-time signals intelligence data, speeding information to the warfighter. The award was received in the company's fiscal 2022 first quarter and is expected to be shipped over the next several quarters.

Mercury Systems awarded $17M contract for ruggedized RF microelectronics

Mercury Systems (MRCY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Mercury Systems (MRCY) Q2 Earnings Expected to Decline

SOSA aligned boards usher in the next generation of FPGA performance and integration capabilities SOSA aligned boards usher in the next generation of FPGA performance and integration capabilities

3U VPX FPGA modules first to market with high-bandwidth memory

Curtiss-Wright

Kratos Defense & Security Solutions

Berenberg analyst Christopher Rieger initiated coverage of four U.S. aerospace and defense company stocks. The analyst initiated Curtiss-Wright Corp (NYSE:CW) with a Buy rating and a price target of $170.

Berenberg Is Bullish On Curtiss-Wright, Mercury Systems, Kratos

Mercury Systems Inc. stock is up 20% in just one month (21 trading days), outperforming the S&P 500 which was roughly unchanged over this period. If you look at the change over the last five and ten days, too, the stock has returned 7.8% and 5.6%, beating the market on both occasions.

Mercury Systems Inc. Looks Unlikely To Extend Its Recent Rally

Compact SOSA aligned module accelerates interoperability while maximizing spectrum processing performance Compact SOSA aligned module accelerates interoperability while maximizing spectrum processing performance

New open architecture transceiver brings advanced EW performance to smaller platforms

Here is how Mercury Systems (MRCY) and Mimecast (MIME) have performed compared to their sector so far this year.

Is Mercury Systems (MRCY) Outperforming Other Computer and Technology Stocks This Year?

NEW YORK, Jan. 13, 2022 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), one of the largest stockholders of Mercury Systems, Inc. ("Mercury" or the "Company") (Nasdaq: MRCY), with an ownership interest of approximately 7.33% of the Company's outstanding shares, today delivered an open letter to the board of directors of the Company raising its significant concerns with the Company's recently adopted shareholder rights plan (the "Rights Plan") and asking the Company to immediately eliminate, or alternatively, revise the Rights Plan. The full text of Starboard's open letter to Mercury's board of directors follows and can also be viewed at the following link: https://www.starboardvalue.com/wp-content/uploads/Starboard_Value_LP_Letter_to_MRCY_Board_01.13.2022.pdf January 13, 2022 Mercury Systems, Inc. 50 Minutemen Road Andover, MA Attn: Board of Directors Dear Members of the Board, As you are aware, we are shareholders of Mercury Systems (the "Company") and currently own 7.33% of the Company.

Starboard Delivers Open Letter to Mercury Systems' Board of Directors

ANDOVER, Mass., Jan. 11, 2022 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, will release its second quarter fiscal year 2022 financial results after the market close on Tuesday, February 1, 2022.

Mercury Systems to report second quarter fiscal year 2022 financial results on February 1, 2022

Mercury Systems (MRCY) adopts one-year shareholder rights plan, commonly known as Poison Pill, to protect the long-term interests of its shareholders.

Mercury Systems (MRCY) Implements Poison-Pill Tactic for 1-Year

Mercury Systems Inc. MRCY, -0.91% said Tuesday that it has adopted a one-year shareholder rights plan, also known as a "poison pill," as protection from a hostile takeover during a period in which the aerospace and defense technologies company believes its stock is undervalued. The stock, which were indicated up nearly 4% in premarket trading, has tumbled 37.1% year to date, while the S&P 500 SPX, +1.38% has rallied 27.6% this year.

Mercury Systems adopts 1-year 'poison pill,' following disclosure of Jana Partners acquiring a 6.6% stake

ANDOVER, Mass., Dec. 28, 2021 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (“Mercury” or the “Company”), (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced that its Board of Directors has adopted a limited-duration shareholder rights plan (the “Rights Plan”).

Mercury Systems adopts limited-duration shareholder rights plan

Mercury Systems (MRCY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Mercury Systems (MRCY) Moves 10.3% Higher: Will This Strength Last?

Buying a 6.6% stake in Mercury Systems (MRCY), JANA Partners intends to discuss strategic alternatives with the company's management, including a potential sale of the business.

Mercury Systems (MRCY) Stock Rises 10% on JANA Stake Build-Up

Mercury Systems Inc. MRCY, +9.87% shares jumped in Thursday trading after activist investor Jana Partners disclosed a fresh 6.6% stake in the component supplier to the aerospace and defense industry. Mercury stock was up 10% with about an hour to go in Thursday's trading session.

Mercury Systems stock pops after activist investor discloses stake

Activist investor firm Jana Partners has taken a ~6.6% stake in Mercury Systems Inc (NASDAQ: MRCY) for a purchase price of ~$181.1 million. Jana Partners believes that Mercury Systems stock is undervalued and plans to meet with management and the board to discuss ideas to improve shareholder value by evaluating strategic alternatives, including a sale.

Jana Partners Calls For Sale Of Mercury Systems

Mercury Systems (MRCY) reported earnings 30 days ago. What's next for the stock?

Why Is Mercury Systems (MRCY) Down 9% Since Last Earnings Report?

The buyout of Atlanta Micro will expand Mercury Systems' (MRCY) RF and microwave component portfolio, and grow its presence in the core radar, EW and weapon markets.

Mercury Systems (MRCY) Gains 3% on Atlanta Micro Buyout Deal

SOSA aligned module accelerates design of complex beamforming and phased array applications SOSA aligned module accelerates design of complex beamforming and phased array applications

Mercury Systems announces high-speed 3U VPX synchronizer module for phase-coherent signal acquisition

Mercury Systems Inc (NASDAQ: MRCY) has acquired Atlanta Micro, Inc., a designer, and manufacturer of RF modules and components. The financial terms of the all-cash deal were not disclosed.

Mercury Systems Acquires Atlanta Micro For Undisclosed Sum

ANDOVER, Mass., Nov. 29, 2021 (GLOBE NEWSWIRE) -- Mercury Systems, Inc., (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced that it has acquired Atlanta Micro, Inc. (Atlanta Micro). Based in Norcross, Ga., Atlanta Micro is a leading designer and manufacturer of high-performance RF modules and components, including advanced monolithic microwave integrated circuits (MMICs) which are critical for high-speed data acquisition applications including electronic warfare, radar and weapons.

Mercury Systems acquires Atlanta Micro

Ultra-high-density storage solution is highly reliable in applications with potential radiation exposure Ultra-high-density storage solution is highly reliable in applications with potential radiation exposure

News for Mercury Systems Stock (MRCY)