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 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.

ANDOVER, Mass., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today introduced a new radiation-tolerant version of its proven 8GB DDR4 memory component that sets a new bar for performance in data-intensive processing applications in space.

Mercury introduces radiation-tolerant 8GB DDR4 memory component to power enhanced edge processing for space missions

Mercury Systems (MRCY) delivers overwhelming first-quarter fiscal 2023 results, wherein it exceeds guidance across all metrics, including revenues and adjusted earnings per share.

Mercury Systems (MRCY) Beats on Q1 Earnings & Revenue Estimates

Mercury Systems, Inc. (NASDAQ:MRCY ) Q1 2023 Earnings Conference Call November 1, 2022 5:00 PM ET Company Participants Mark Aslett - President & Chief Executive Officer Michael Ruppert - Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants Jonathan Ho - William Blair Michael Ciarmoli - Truist Securities Austin Moeller - Canaccord Operator Good day, everyone and welcome to the Mercury Systems First Quarter Fiscal 2023 Conference Call. Today's call is being recorded.

Mercury Systems, Inc. (MRCY) Q1 2023 Earnings Call Transcript

Mercury Systems (MRCY) delivered earnings and revenue surprises of 20% and 4.21%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Mercury Systems (MRCY) Q1 Earnings and Revenues Surpass Estimates

First Quarter Highlights Include: Bookings of $266.9M yielding book-to-bill of 1.17 Record backlog of $1.08 billion Continues to be well positioned for strong FY23

Mercury Systems Reports First Quarter Fiscal 2023 Results

Mercury's (MRCY) Mission Systems International's mission computer for the Airbus A330 Multi Role Tanker Transport aircraft clinches the world's first certification for A3R fleet operations.

Mercury's (MRCY) Mission Computer for Airbus Gets A3R Certified

ANDOVER, Mass., Oct. 11, 2022 (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 first quarter fiscal year 2023 financial results after the market close on Tuesday, November 1, 2022.

Mercury Systems to report first quarter fiscal year 2023 financial results on November 1, 2022

ANDOVER, Mass., Oct. 11, 2022 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced that the mission computer built for the Airbus A330 MRTT allowed the tanker to receive the world's first certification for automatic air-to-air refueling (A3R) boom operations.

Mercury enables Airbus A330 MRTT to become world's first tanker certified for automatic air-to-air refueling operations

Mercury Systems is well-positioned to see robust growth in a new era of defense spending and benefit from increased outsourcing. The military challenges posed by Russia and China were the catalyst for NATO countries to increase defense budgets, leading to $1.5T of additional defense spending over the next decade.

Mercury Systems: Uncapped Growth Potential

ANDOVER, Mass., Sept. 27, 2022 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today introduced the Model 5560, its next-generation 3U OpenVPX™ SOSA™ aligned co-processing board that is the first to be powered by the AMD Xilinx Versal® HBM series with integrated high-bandwidth memory.

Mercury introduces its flagship Model 5560 FPGA co-processing board powered by AMD Xilinx Versal® technology

ANDOVER, Mass., Sept. 15, 2022 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced that Allen Couture will join the company as Senior Vice President of Execution Excellence, effective October 3, 2022.

Mercury Systems announces appointment of Allen Couture as senior vice president of execution excellence

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

Why Is Mercury Systems (MRCY) Down 3.4% Since Last Earnings Report?

Data center-class all-flash network-attached storage system for mission-critical AI and machine learning applications Data center-class all-flash network-attached storage system for mission-critical AI and machine learning applications

Mercury introduces rugged data storage system that enables faster access and exploitation of big data at the edge with reduced sustainment costs

New platform enables fast technology adoption for the most compute-intensive applications New platform enables fast technology adoption for the most compute-intensive applications

First-to-market sensor processing development platform introduced by Mercury

New York, New York--(Newsfile Corp. - August 12, 2022) - Pomerantz LLP is investigating claims on behalf of investors of Mercury Systems, Inc. ("Mercury" or the "Company") (NASDAQ: MRCY). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether Mercury and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors Mercury Systems, Inc. - MRCY

ANDOVER, Mass., Aug. 09, 2022 (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 $12 million order from a leading defense prime contractor to provide advanced trusted and secure manufacturing and packaging for their GPS modules. The GPS modules will enable precision munition capabilities for the U.S. Army. The order was booked in the Company's fiscal 2022 fourth quarter and is expected to be shipped over the next several quarters.

Mercury Systems receives $12M order for advanced packaging of GPS modules

NEW YORK , Aug. 9, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Mercury Systems, Inc. ("Mercury" or the "Company") (NASDAQ: MRCY). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors Mercury Systems, Inc. - MRCY

NEW YORK--(BUSINESS WIRE)-- #Action--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Mercury Systems, Inc. (“Mercury” or the “Company”) (NASDAQ: MRCY) on behalf of Mercury stockholders. Our investigation concerns whether Mercury has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. The investigation concerns whether Mercury and certain of its off

MERCURY ALERT: Bragar Eagel & Squire, P.C. is Investigating Mercury Systems, Inc. on Behalf of Mercury Stockholders and Encourages Investors to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Mercury Systems, Inc. (“Mercury” or the “Company”) (NASDAQ: MRCY) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On July 26, 2022, Glasshouse Research published a report alleging that Mercury's organic revenue is “overstated,” that its Physical Optics acquisition has been a “disaste

The Law Offices of Frank R. Cruz Continues Its Investigation of Mercury Systems, Inc. (MRCY) on Behalf of Investors

Supply chain issues crimped quarterly results.

Why Mercury Systems Stock Is Falling Today

Mercury Systems' (MRCY) fourth-quarter top line is hurt by contracting delays and supply-chain constraints, while increased component costs weigh on the bottom line.

Mercury Systems (MRCY) Plunges 9% on Q4 Earnings & Sales Miss

Mercury Systems, Inc. (NASDAQ:MRCY ) Q4 2022 Earnings Conference Call August 2, 2022 5:00 PM ET Company Participants Michael Ruppert - Executive Vice President and Chief Financial Officer Mark Aslett - President and Chief Executive Officer Conference Call Participants Pete Skibitski - Alembic Global Advisors Peter Arment - Baird Equity Research Seth Seifman - JPMorgan Chase & Co. Jonathan Ho - William Blair & Company LLC Austin Moeller - Canaccord Genuity Corp. Michael Ciarmoli - Truist Securities, Inc. Sheila Kahyaoglu - Jefferies LLC Operator Good day, everyone, and welcome to the Mercury Systems Fourth Quarter Fiscal 2022 Conference Call. Today's call is being recorded.

Mercury Systems, Inc. (MRCY) CEO Mark Aslett on Q4 2022 Results - Earnings Call Transcript

Fourth Quarter Highlights Include: Record bookings of $332 million yielding book-to-bill of 1.14 Record revenues of $290 million increased 16% over prior year Well-positioned for strong financial performance in FY23 Executing 1MPACT value creation initiative

Mercury Systems Reports Fourth Quarter and Fiscal 2022 Results

Los Angeles, California--(Newsfile Corp. - August 2, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Mercury Systems, Inc. ("Mercury" or "the Company") (NASDAQ: MRCY) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION REMINDER: The Schall Law Firm Encourages Investors in Mercury Systems, Inc. with Losses of $100,000 to Contact the Firm

Los Angeles, California--(Newsfile Corp. - August 1, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Mercury Systems, Inc. ("Mercury" or "the Company") (NASDAQ: MRCY) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

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