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

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

New OEM agreement with Hewlett-Packard Enterprise to help accelerate commercial technology innovation for DoD modernization efforts New OEM agreement with Hewlett-Packard Enterprise to help accelerate commercial technology innovation for DoD modernization efforts

Mercury Systems to Ruggedize HPE ProLiant Servers for Critical Aerospace and Defense Applications

Mercury is the only aerospace and defense company included on Boston Business Journal’s new list Mercury is the only aerospace and defense company included on Boston Business Journal’s new list

Mercury Systems Recognized Among Massachusetts’ 50 Fastest-Growing Middle-Market Companies

ANDOVER, Mass., Feb.  03, 2020  (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY,  www.mrcy.com ), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced it received a $24 million order from a leading defense prime contractor for SWaP-optimized radio frequency (RF) modules ready for integration into an advanced electronic warfare system. The order was booked in the Company’s fiscal 2020 second quarter and is expected to be shipped over the next several quarters.

Mercury Systems Receives $24M RF Microelectronics Order for Airborne Electronic Warfare Application

Robust organic growth, including the expansion of the microelectronics business, aided Mercury's (MRCY) fiscal second-quarter 2020 results.

Mercury (MRCY) Beats on Q2 Earnings & Revenues, Raises View

Mercury Systems, Inc. (MRCY) CEO Mark Aslett on Q2 2020 Results - Earnings Call Transcript

Mercury Systems (MRCY) delivered earnings and revenue surprises of 12.50% and 0.50%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Mercury Systems (MRCY) Surpasses Q2 Earnings and Revenue Estimates

OpenVPX PCIe technology mirrors composable data center architecture to accelerate processing-intensive applications at the tactical edge OpenVPX PCIe technology mirrors composable data center architecture to accelerate processing-intensive applications at the tactical edge

New Switch Fabric Module Boosts Data Center Processing Capability for Aerospace and Defense Applications

Mercury first in aerospace and defense industry to provide safety-certified Intel multicore processing solution required for the most advanced avionics platforms Mercury first in aerospace and defense industry to provide safety-certified Intel multicore processing solution required for the most advanced avionics platforms

New Flight Safety-Certifiable Multicore Processing Modules Enable Smarter Mission-Critical Applications

The collaboration between Mercury (MRCY) and Tortuga Logic will lead to the development of powerful security offerings for DARPA' s GAPS program.

Mercury Adopts Tortuga's Security Solutions for DARPA Program

ANDOVER, Mass., Jan.  14, 2020  (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY,  www.mrcy.com ), announced that Orlando P. Carvalho, former Executive Vice President of Lockheed Martin’s Aeronautics business, was elected to the Board of Directors. With this election, the Board of Directors will consist of nine members, eight of which are independent directors.

Orlando P. Carvalho Elected to the Board of Directors of Mercury Systems, Inc.

ANDOVER, Mass., Dec.  05, 2019  (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY,  www.mrcy.com ) announced today that four of its products were recognized by the judges of the annual Military & Aerospace Electronics Innovators Awards program. The judging panel consisted of a panel of senior third-party expert professionals.

Mercury Systems Wins Four Awards in Military & Aerospace Electronics 2019 Innovators Awards Program

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

Why Is Mercury Systems (MRCY) Up 3.6% Since Last Earnings Report?

CIRCOR

Identiv

Northwest Pipe

Tennant

The core durable goods data for October indicate that business spending is likely to continue although the pace may decline considerably.

U.S. Durable Goods Orders Rebound in October: 5 Top Picks

Mercury Systems (MRCY) is well positioned to outperform the market, as it exhibits above-average growth in financials.

3 Reasons Why Mercury Systems (MRCY) Is a Great Growth Stock

ANDOVER, Mass., Nov.  07, 2019  (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com) today announced that its high-performance signal processing and RF solutions were selected by Raytheon for its advanced Lower Tier Air and Missile Defense Sensor (LTAMDS) program, the Army’s next-generation missile defense radar. LTAMDS is a new radar that will ultimately replace the U.S. Army’s current Patriot radars, and will operate on the Army’s Integrated Air and Missile Defense network.

Mercury Systems Selected by Raytheon to Supply Critical Technology for LTAMDS Radar Program to enhance U.S. Army Threat Awareness

Latest field-deployable parallel computing subsystems optimize big data workloads for mission-critical platforms Latest field-deployable parallel computing subsystems optimize big data workloads for mission-critical platforms

New Rugged Supercomputing Servers Enable AI, HPC and Sensor Fusion Applications at the Edge

Robust organic growth, including the expansion of microelectronics business, aided Mercury's (MRCY) fiscal first-quarter results.

Mercury (MRCY) Q1 Earnings & Revenues Top Estimates, View Up

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

Lithia Motors

Medpace Holdings

PennyMac Financial Services

Investment in mid-cap stocks is often recognized as a good portfolio diversification strategy during market fluctuations.

News for Mercury Systems Stock (MRCY)