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Mercury Systems Amends Credit Agreement, Extends Facility

Story Highlights
  • Mercury Systems amended its credit agreement, extending the maturity date to 2030 with an $850 million facility.
  • The company reported strong Q1 fiscal 2026 results with a 10.2% revenue increase and a $1.4 billion backlog.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mercury Systems Amends Credit Agreement, Extends Facility

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The latest update is out from Mercury Systems ( (MRCY) ).

On November 4, 2025, Mercury Systems announced the amendment of its credit agreement, extending the maturity date of its revolving credit facility to November 4, 2030, with a borrowing capacity of $850 million. This amendment includes several financial adjustments, such as increasing the unrestricted cash netted from leverage ratio calculations and updating financial covenants. Additionally, the company reported strong first-quarter fiscal 2026 results, with a 10.2% increase in revenue to $225.2 million and a record backlog of $1.4 billion. Despite a GAAP net loss of $12.5 million, adjusted EBITDA rose by 66% year-over-year. The board also authorized a $200 million share repurchase program.

The most recent analyst rating on (MRCY) stock is a Hold with a $82.00 price target. To see the full list of analyst forecasts on Mercury Systems stock, see the MRCY Stock Forecast page.

Spark’s Take on MRCY Stock

According to Spark, TipRanks’ AI Analyst, MRCY is a Neutral.

Mercury Systems’ overall stock score is driven by robust earnings call results, indicating strong financial performance and positive cash flow. However, significant financial challenges and valuation concerns due to negative earnings and profitability metrics weigh heavily on the score. Positive technical indicators provide some support, but the lack of a dividend yield and negative P/E ratio are notable detractors.

To see Spark’s full report on MRCY stock, click here.

More about Mercury Systems

Mercury Systems is a global technology company that provides mission-critical processing power for aerospace and defense missions. Their products and solutions are used in over 300 programs across 35 countries, focusing on mission computing, sensor processing, command and control, and communications. Headquartered in Andover, Massachusetts, Mercury Systems operates more than 20 locations worldwide.

Average Trading Volume: 701,851

Technical Sentiment Signal: Buy

Current Market Cap: $4.67B

See more insights into MRCY stock on TipRanks’ Stock Analysis page.

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