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Mercury Systems Inc (MRCY)
NASDAQ:MRCY
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Mercury Systems (MRCY) Price & Analysis

555 Followers

MRCY Stock Chart & Stats

$87.74
-$3.07(-2.89%)
At close: 4:00 PM EDT
$87.74
-$3.07(-2.89%)

Bulls Say, Bears Say

Bulls Say
Backlog VisibilityRecord bookings and backlog provide substantial multi-year demand visibility for Mercury’s defense electronics portfolio. The strong book-to-bill ratio and sizable near-term backlog can support revenue planning, production utilization, and continued growth over the next several quarters.
Margin ExpansionAdjusted EBITDA growth and higher margins indicate improving operating leverage as revenue recovers and program execution strengthens. Management’s expectation for nearly $200M of adjusted EBITDA in FY2027 suggests that margin improvement could remain an important earnings driver.
Improving LeverageLower debt-to-equity and a relatively stable equity base provide Mercury with a stronger financial cushion than in prior years. This improved balance-sheet position can support investment in capacity and automation while reducing the pressure created by leverage during execution volatility.
Bears Say
Persistent GAAP LossesSustained GAAP losses show that Mercury’s improving revenue and adjusted profitability have not yet translated into consistent bottom-line earnings. Continued losses weaken returns on equity and leave the company more dependent on operational improvement to establish durable earnings power.
Weak Cash ConversionLower free cash flow and below-target conversion will constrain internally generated funding over the next several quarters. Planned inventory, material, automation, and factory investments may support growth later, but they create near-term cash demands and reduce financial flexibility.
International Execution PressureInternational revenue weakness and temporary delivery problems at the outsourced manufacturer create execution risk while the new operating model ramps. Although management expects improvement over the next few quarters, slower international conversion could delay backlog realization and weigh on growth consistency.

Mercury Systems News

MRCY FAQ

What was Mercury Systems Inc’s price range in the past 12 months?
Mercury Systems Inc lowest stock price was $65.04 and its highest was $128.45 in the past 12 months.
    What is Mercury Systems Inc’s market cap?
    Mercury Systems Inc’s market cap is $4.63B.
      When is Mercury Systems Inc’s upcoming earnings report date?
      Mercury Systems Inc’s upcoming earnings report date is Nov 10, 2026 which is in 21 days.
        How were Mercury Systems Inc’s earnings last quarter?
        Mercury Systems Inc released its earnings results on Aug 18, 2026. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.383 by -$0.013.
          Is Mercury Systems Inc overvalued?
          According to Wall Street analysts Mercury Systems Inc’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Mercury Systems Inc pay dividends?
            Mercury Systems Inc pays a Notavailable dividend of $0.618 which represents an annual dividend yield of 3.82%. See more information on Mercury Systems Inc dividends here
              What is Mercury Systems Inc’s EPS estimate?
              Mercury Systems Inc’s EPS estimate is 0.3.
                How many shares outstanding does Mercury Systems Inc have?
                Mercury Systems Inc has 60,863,586 shares outstanding.
                  What happened to Mercury Systems Inc’s price movement after its last earnings report?
                  Mercury Systems Inc reported an EPS of $0.37 in its last earnings report, missing expectations of $0.383. Following the earnings report the stock price went down -3.571%.
                    Which hedge fund is a major shareholder of Mercury Systems Inc?
                    Currently, no hedge funds are holding shares in MRCY
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      Company Description

                      Mercury Systems Inc

                      Mercury Systems, Inc. is a technology firm dedicated to the creation and delivery of a wide range of advanced components, modules, and integrated subsystems, primarily catering to the aerospace and defense industries. The company's operations span globally, with a presence in the United States, Europe, and the Asia Pacific regions. Its sophisticated solutions are vital to approximately 300 programs, supporting 25 defense contractors and numerous commercial aviation customers. The company's extensive product line includes intricate components such as power amplifiers, limiters, switches, oscillators, filters, equalizers, digital and analog converters, various chips, monolithic microwave integrated circuits (MMICs), and advanced memory and storage devices. Furthermore, it offers sophisticated modules and sub-assemblies, including embedded processing boards, switched fabric boards, digital receiver boards, multi-chip modules, integrated radio frequency (RF) and microwave multi-function assemblies, tuners, transceivers, as well as specialized graphics, video, Ethernet, and input/output boards. Mercury Systems also supplies complete integrated subsystems. Beyond these offerings, the company is actively involved in designing and developing critical technologies like digital radio frequency memory units for modern electronic warfare applications, radar environment simulation and test systems for defense and intelligence operations, signals intelligence payloads and electro-optical/infrared (EO/IR) technologies optimized for small unmanned aerial vehicle (UAV) platforms, and advanced onboard UAV processor systems facilitating real-time wide area motion imagery. Established in 1981, the firm, initially named Mercury Computer Systems, Inc., officially rebranded to Mercury Systems, Inc. in November 2012, and its headquarters are located in Andover, Massachusetts.

                      Mercury Systems (MRCY) Earnings & Revenues

                      MRCY Company Deck

                      MRCY Earnings Call

                      Q4 2026
                      0:00 / 0:00
                      Earnings Call Sentiment|Positive
                      The call emphasized substantial operational momentum: record bookings, backlog and quarterly revenue, improved full-year adjusted EBITDA and margin expansion, broad-based demand (notably CPA), and raised growth targets for FY2027/FY2028. Offsetting these positives were weaker GAAP results, quarter-to-quarter adjusted EBITDA/margin softness, a meaningful drop in year-over-year free cash flow, temporary international delivery/ramp issues, and planned near-term investments that will depress FY2027 cash conversion. On balance the company presented strong demand and execution progress and provided a constructive outlook while flagging near-term cash and margin volatility tied to investments and backlog conversion dynamics.View all MRCY earnings summaries

                      MRCY Stock 12 Month Forecast

                      Average Price Target

                      $116.33
                      ▲(32.59% Upside)
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                      Ownership Overview

                      8.03%32.03%0.17%23.48%
                      0.17% Other Institutional Investors
                      23.48% Public Companies and
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