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

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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.

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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.

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Mercury To Contact Him Directly To Discuss Their OptionsNew York, New York--(Newsfile Corp. - February 12, 2023) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Mercury Systems, Inc. ("Mercury" or the "Company") (NASDAQ: MRCY).If you suffered losses exceeding $50,000 investing in Mercury stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Mercury Investor Alert

Mercury stock has struggled in recent years but recent new bookings show improving fundamentals. Free cash flow has improved, and margins have bottomed out, leaving room for share upside.

Mercury Systems: Possible Buyout Unnecessary For Share Turnaround In 2023

Mercury Systems (MRCY) delivers lower-than-expected second-quarter fiscal 2023 results.

Mercury Systems (MRCY) Lags Q2 Earnings & Revenue Estimates

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Mercury Systems, Inc. (NASDAQ:MRCY ) Q4 2022 Earnings Conference Call January 31, 2023 5:00 PM ET Company Participants Mark Aslett - President & Chief Executive Officer Michael Ruppert - Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants Peter Arment - Baird Seth Seifman - JPMorgan Ken Herbert - RBC Jonathan Ho - William Blair Sheila Kahyaoglu - Jefferies Michael Ciarmoli - Truist Securities Austin Moeller - Canaccord Noah Poponak - Goldman Sachs Operator Good day, everyone and welcome to the Mercury Systems Second Quarter Fiscal 2023 Conference Call. Today's call is being recorded.

Mercury Systems, Inc. (MRCY) Q2 2023 Earnings Call Transcript

Mercury Systems (MRCY) delivered earnings and revenue surprises of -21.21% and 1.57%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Mercury Systems (MRCY) Q2 Earnings and Revenues Miss Estimates

Mercury Systems Inc on Tuesday announced the exit of finance chief Michael Ruppert and said the defense technology firm had initiated a review of strategic alternatives.

Defense tech firm Mercury Systems announces CFO exit, strategic review

Second Quarter Highlights Include: Bookings of $270.3M yielding book-to-bill of 1.18 Record backlog of $1.12 billion Revenues increased 4% over prior year with positive organic growth Generated positive cash flow

Mercury Systems Reports Second Quarter Fiscal 2023 Results; Initiates Review of Strategic Alternatives

ANDOVER, Mass., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (“Mercury” or the “Company”), (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers processing power for the most demanding aerospace and defense missions, today announced that Michael Ruppert, Executive Vice President, Chief Financial Officer, and Treasurer, will step down from the Company, effective February 17, 2023, to accept an opportunity at a private company. Michelle McCarthy, Senior Vice President, Chief Accounting Officer, will serve as Mercury's interim Chief Financial Officer.

Mercury Systems Announces CFO Transition

Mercury's (MRCY) latest version of rugged rack servers, RES X08, featuring Intel's new Xeon Scalable processors, is available now for improved workloads in the aerospace and defense industries.

Mercury (MRCY) Avails RES X08 for Aerospace & Defense Missions

NEW YORK , Jan. 27, 2023 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Mercury Systems, Inc. ("Mercury" or the "Company") (NASDAQ: MRCY). If you suffered losses exceeding $50,000 investing in Mercury stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330  (Ext.

MERCURY SHAREHOLDER ACTION REMINDER: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Mercury To Contact Him Directly To Discuss Their Options

ANDOVER, Mass., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers processing power for the most demanding aerospace and defense missions, today announced its next-generation rugged edge servers, featuring 4th generation Intel® Xeon® Scalable processors—formerly known as Sapphire Rapids—that will accelerate compute-intensive edge workloads and drive faster insights for critical aerospace and defense missions.

Mercury Makes Intel's Newest Data Center-class Xeon Processors Available for Aerospace & Defense Missions with Its Next-Generation Rugged Rack Servers

Along with increasing modernization in radar, electronic warfare and C4I, Mercury Systems' (MRCY) Q2 performance is likely to have been driven by revenue contributions from the newly acquired businesses.

Mercury Systems (MRCY) to Report Q2 Earnings: What's in Store?

Mercury's (MRCY) latest breakthrough technology, DRF3182 Direct RF Processing Module, features Intel's Stratix 10 AX SoC FPGA and is specifically built for the aerospace and defense applications.

Mercury (MRCY) Launches Signal Processing Board With Intel

Radnor, Pennsylvania--(Newsfile Corp. - January 23, 2023) - The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Mercury Systems, Inc. (NASDAQ: MRCY) ("Mercury Systems").On July 26, 2022, Glasshouse Research published a report detailing how the company's "management has used accounting gimmicks to obfuscate true economic earnings while concealing the decay of its core company.

Securities Investigation Alert: Kessler Topaz Meltzer & Check, LLP is Investigating Securities Fraud Claims on Behalf of Investors of Mercury Systems, Inc. (MRCY)

ANDOVER, Mass., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers processing power for the most demanding aerospace and defense missions, today announced that Vivek Upadhyaya has joined the Company as Vice President of Finance to lead the corporate finance team and be responsible for forecasting and analysis as well as internal management reporting.

Mercury Appoints Vivek Upadhyaya as Vice President of Finance

San Francisco, California--(Newsfile Corp. - January 23, 2023) - Hagens Berman urges Mercury Systems, Inc. (NASDAQ: MRCY) investors who suffered significant losses to submit your losses now.Visit: https://www.hbsslaw.com/investor-fraud/MRCYContact An Attorney Now: MRCY@hbsslaw.com844-916-0895Mercury Systems, Inc. (MRCY) Investigation: The investigation focuses on the accuracy of Mercury's reported financial results.Mercury's earnings first came into question on July 26, 2022, when investment research firm Glasshouse Research initiated coverage o

MRCY ALERT: Hagens Berman, National Trial Attorneys, Encourages Mercury Systems (MRCY) Investors with Significant Losses to Contact Firm's Attorneys, Firm Investigating Possible Securities Law Violations

ANDOVER, Mass., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers processing power for the most demanding aerospace and defense missions, today introduced a new COTS open-architecture board that delivers the latest commercial signal processing technology for aerospace and defense applications, driving higher performance from a smaller form factor. The DRF3182 Direct RF Processing Module is the first standard product purpose-built for the aerospace and defense industry that leverages Intel's new Stratix® 10 AX SoC field programmable gate array (FPGA), which adds a key capability to the Mercury Processing Platform by enabling the direct digitization and processing of broadband RF signals.

Mercury Unveils the Industry's First Signal Processing Board To Feature Intel's Latest Direct RF Technology

NEW YORK--( BUSINESS WIRE )--The law firm of Kirby McInerney LLP is investigating potential claims against Mercury Systems, Inc. (“Mercury” or the “Company”) (NASDAQ: MRCY). The investigation concerns whether Mercury and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.

Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Mercury Systems, Inc. (MRCY)

LOS ANGELES--( BUSINESS WIRE )--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, continues its investigation on behalf of Mercury Systems, Inc. (“Mercury” or the “Company”) (NASDAQ: MRCY) investors concerning the Company's possible violations of the federal securities laws.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Continues Its Investigation of Mercury Systems, Inc. (MRCY) on Behalf of Investors

Atlanta, Georgia--(Newsfile Corp. - January 17, 2023) - Holzer & Holzer, LLC is investigating whether Mercury Systems, Inc. ("Mercury Systems" or the "Company") (NASDAQ: MRCY) complied with federal securities laws. In July 2022, Glasshouse Research released a report about the Company, alleging that management "has used accounting gimmicks to obfuscate true economic earnings while concealing the decay of its core company." Following this report, the Company's stock price dropped.

SHAREHOLDER ALERT: Nationally Ranked Investors' Rights Firm Holzer & Holzer, LLC Announces Investigation of Mercury Systems, Inc. (MRCY)

BENSALEM, Pa.--( BUSINESS WIRE )--Law Offices of Howard G. Smith continues its investigation on behalf of Mercury Systems, Inc. (“Mercury” or the “Company”) (NASDAQ: MRCY) investors concerning the Company's possible violations of federal securities laws.

INVESTOR ALERT: Law Offices of Howard G. Smith Continues Its Investigation of Mercury Systems, Inc. (MRCY) on Behalf of Investors

NEW YORK , Jan. 13, 2023 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Mercury Systems, Inc. ("Mercury" or the "Company") (NASDAQ: MRCY). If you suffered losses exceeding $50,000 investing in Mercury stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330  (Ext.

MERCURY INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Mercury To Contact Him Directly To Discuss Their Options

SAN DIEGO--( BUSINESS WIRE )-- Robbins Geller Rudman & Dowd LLP announces an investigation into potential violations of U.S. federal securities laws by Mercury Systems, Inc. (NASDAQ: MRCY) focused on whether Mercury Systems and certain of its top executive officers made false and misleading statements and/or failed to disclose material information to investors.

MRCY INVESTIGATION ALERT: Robbins Geller Rudman & Dowd LLP Announces Investigation into Mercury Systems, Inc. and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm

ANDOVER, Mass., Jan. 11, 2023 (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 2023 financial results after the market close on Tuesday, January 31, 2023.

News for Mercury Systems Stock (MRCY)