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 Q4 2021

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Earnings data Q3 2024

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.

MRCY reports net loss for fiscal '23, focuses on program resolutions and organic growth

MRCY's Q2 call highlighted a net loss for fiscal '23, conservative fiscal '24 guidance, and a focus on resolving program execution challenges. The company aims to enhance execution, drive organic growth, and capitalize on the conversion of development programs to production.

MRCY reports stable Q3 performance, anticipates strong back half

MRCY's Q3 earnings call highlighted stable performance in most development programs, with a focus on reducing change in challenged programs and improving execution. Despite short-term challenges, the company anticipates a strong back half of the year with expected awards and progress on development programs.

MRCY reports solid progress in bookings but revises down revenue guidance for FY '24

MRCY's Q4 2023 earnings call highlighted solid progress in bookings and free cash flow, but challenges in specific programs led to a reduction in revenue guidance. The company's proactive approach to addressing challenges and focus on improving execution and cash flow conversion position it for future growth.

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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 Q1 2020 Results - Earnings Call Transcript

Mercury Systems (MRCY) delivered earnings and revenue surprises of 7.32% and 5.82%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Mercury Systems (MRCY) Q1 Earnings and Revenues Beat Estimates

L3Harris

Mercury Systems earnings are due late Tuesday while L3Harris is on tap Wednesday. Both defense stocks have pulled back from highs.

Mercury Systems Earnings On Tap With L3Harris Earnings On Deck

Modular solution provides best balance of low-latency and wide bandwidth  for electronic warfare applications Modular solution provides best balance of low-latency and wide bandwidth  for electronic warfare applications

Mercury’s Latest Commercial Digitization Technology Dramatically Improves RF Signal Tracking

ANDOVER, Mass., Oct.  22, 2019  (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com) announced that it will participate in the Baird 2019 Global Industrial Conference to be held Nov. 5-7, 2019, at the Four Seasons Hotel in Chicago. Management will present an overview of the Company’s business on Tuesday, Nov. 5, at 11 a.m. CST.

Mercury Systems to Present at the Baird 2019 Global Industrial Conference

ANDOVER, Mass., Oct.  15, 2019  (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY,  www.mrcy.com ) announced today a $15 million capital investment to expand its trusted custom microelectronics business, bringing cutting-edge commercial silicon technology to the Department of Defense (DoD). The technology is applicable to all defense platforms and programs and offers fast, affordable and secure and trusted chip-scale open system architecture (OSA) devices to accelerate future modernization efforts.        “This investment directly addresses the DoD requirement for made-in-USA microelectronics and equips the warfighter with a state-of-the-art military-grade product, leveraging the most advanced commercial technologies,” said Mark Aslett, Mercury’s President and CEO. “This is an expansion upon existing investments which began in earnest three years ago, following Mercury’s acquisition of Microsemi’s custom microelectronics business. Leveraging our proven expertise in the worlds of silicon integration, embedded security, and trusted manufacturing, we can act as the merchant supplier conduit between the commercial sector and the defense industry to deliver long-term, trusted supply continuity for our valued customers and the DoD,” continued Aslett.       This initiative represents one of the first commercial applications of the Defense Advanced Research Projects Agency’s (DARPA)  Electronics Resurgence Initiative  (ERI) and directly aligns with the ERI’s stated goal of “creating a more specialized, secure, and heavily automated electronics industry that serves the needs of both the domestic commercial and defense sectors.” Combined with Mercury’s industry-leading ‘defense-ready’ processing capabilities for military and aerospace applications, the initiative extends the Company’s strategy to further develop leading-edge technology and manufacturing capabilities in order to bring innovative products and services to valued aerospace and defense industry customers. As the first volume realization of a project of this kind, it reinforces Mercury’s leadership in embedded security, high-performance RF, digital and mixed-signal microelectronics.        “This expansion sets the stage for the continued accelerating growth of game-changing chiplet technology integration and agile customization ideal for next-generation edge processing applications,” said William Conley, Ph.D., Mercury’s Senior Vice President and Chief Technology Officer. “We are proud to bring open standards architecture at chip-scale to the defense community and are uniquely equipped to generate industry-leading defense electronics at a rapid pace that delivers innovation that matters. This is testament to our commitment to innovation in chip-scale technologies. Chip scale will enable solutions that would normally be housed on a board or other large-scale system to now be miniaturized onto a single chip in a reliable, secure and trusted manner.”       Critical to defense applications, Mercury has significant expertise in the defense industry and can integrate requisite security with proven silicon fingerprinting capabilities, cryptographic protection capabilities, ITAR requirements implementation and on-shore silicon integration. When combined with major industry initiatives, such as trusted manufacturing, this chip-scale integration is highly complementary to Mercury’s longstanding expertise in system-scale processing capabilities. Now for the first time, a single company can provide chip-scale to system-scale processing solutions optimized for increased performance, reduced power and low latency to meet the rapid growth of massive data processing in edge computing applications such as artificial intelligence.       Mercury System’s Thomas Smelker, Vice President and General Manager has an extensive background in developing advanced solutions in embedded defense computing and system security technologies and was recently appointed to lead these efforts with the Company’s leadership team.       For more information, visit  www.mrcy.com/nexgenmicro  or contact Mercury at (866) 627-6951 or  info@mrcy.com .  Mercury Systems – Innovation That Matters®  Mercury Systems is a leading commercial provider of secure sensor and safety-critical processing subsystems. Optimized for customer and mission success, Mercury's solutions power a wide variety of critical defense and intelligence programs. Headquartered in Andover, Mass., Mercury is pioneering a next-generation defense electronics business model specifically designed to meet the industry's current and emerging technology needs. To learn more, visit  www.mrcy.com  and follow us on  Twitter .

Mercury Systems Announces Strategic Investment in  Trusted Microelectronics Technology Innovation

ANDOVER, Mass., Sept.  25, 2019  (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY,  www.mrcy.com ) announced today that William Conley, Ph.D., will join the Company as Senior Vice President and Chief Technology Officer, effective Sept. 30, 2019. In this role, Dr. Conley will direct and accelerate Mercury’s technology vision and leadership in innovative technology that provides state-of-the-art solutions to the aerospace and defense industry. 

Mercury Systems Announces Appointment of Dr. William Conley as Chief Technology Officer

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ANDOVER, Mass., Sept.  23, 2019  (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY,  www.mrcy.com ) today announced the completion of its previously reported acquisition of American Panel Corporation (APC).

Mercury Systems Completes Acquisition of American Panel Corporation

Innovative design accelerates compute-intensive application performance at high altitudes Innovative design accelerates compute-intensive application performance at high altitudes

New Fanless Rugged Rackmount Servers Tackle High-Performance Computing Challenges on Airborne Platforms

Event will focus on rapidly deployable, cost-effective security solutions critical to protect Nation’s most sensitive data from rapidly evolving threats Event will focus on rapidly deployable, cost-effective security solutions critical to protect Nation’s most sensitive data from rapidly evolving threats

Mercury Systems to Co-host Second Annual CSfC Technology Forum Addressing Agile Data Security Solutions

Innovative solution maximizes electronic warfare system agility by reducing upgrade costs and enabling mission-to-mission optimization Innovative solution maximizes electronic warfare system agility by reducing upgrade costs and enabling mission-to-mission optimization

Microwave Converters Use Novel Agile Technology to Dynamically Respond to Emerging Electronic Threats

EVP, COO of Mercury Systems Inc (30-Year Financial, Insider Trades) Didier M C Thibaud (insider trades) sold 30,000 shares of MRCY on 09/03/2019 at an average price of $84.12 a share.

Mercury Systems Inc (MRCY) EVP, COO Didier M C Thibaud Sold $2.5 million of Shares

Demonstrates commercial innovation for defense that is secure and trusted Demonstrates commercial innovation for defense that is secure and trusted

Mercury Systems Wins $22M Order for Next-Generation Airborne Radar Processing Subsystems

ANDOVER, Mass., Aug.  22, 2019  (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY,  www.mrcy.com ) announced it received $9.2 million in orders from a leading defense prime contractor for rugged rackmount servers to be used in an airborne surveillance application. The orders were booked in the Company's fiscal 2019 third quarter and fiscal 2020 first quarter and are expected to be shipped over the next several quarters.

Mercury Systems Receives $9.2M in Orders for Rugged Servers for Airborne Surveillance Application

Mercury Systems Inc (NASDAQ:MRCY) files its latest 10-K with SEC for the fiscal year ended on June 30, 2019.

Mercury Systems Inc (MRCY) Files 10-K for the Fiscal Year Ended on June 30, 2019

Mercury Systems (MRCY) impresses investors with strong results in the fiscal fourth quarter, backed by robust growth in organic revenues.

Mercury's (MRCY) Q4 Earnings Solid, Organic Revenues Surge

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Lockheed Martin F-35 suppliers L3 Harris Technologies and Mercury Systems reported strong fiscal Q4 results as defense earnings continue to outperform. 
The post These F-35 Suppliers Beat Earnings Views As Defense Stocks Remain Strong appeared first on Investor's Business Daily.

These F-35 Suppliers Beat Earnings Views As Defense Stocks Remain Strong

Mercury Systems, Inc. (MRCY) CEO Mark Aslett on Q4 2019 Results - Earnings Call Transcript

Mercury Systems (MRCY) delivered earnings and revenue surprises of 6.82% and 2.37%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Mercury Systems (MRCY) Beats Q4 Earnings and Revenue Estimates

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) Q4 Earnings Expected to Decline

Mercury (MRCY) secures new follow-on orders to meet the growing requirement for mission critical components for the U.S. military's electronic warfare test and training program.

Mercury Wins Follow-On Orders, Boosts Presence in DRFM Space

Mercury's (MRCY) efforts in the defense systems market are attracting major contractors. Moreover, flow of awards and accolades is also a positive.

Mercury (MRCY) Rides on Award Wins & Expanding Clientele

Mercury Systems has been struggling lately, but the selling pressure may be coming to an end soon.

Mercury Systems Sees Hammer Chart Pattern: Time to Buy?

Robust organic growth supplemented with strategic acquisitions helps Mercury Systems (MRCY) witness stellar results.

News for Mercury Systems Stock (MRCY)