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

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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.

Jefferies analyst Sheila Kahyaoglu downgraded Mercury Systems Inc (NASDAQ: MRCY) to Hold from Buy and raised the price target to $65 (an upside of 4.7%) from $62. Kahyaoglu notes that the stock had increased 30% since the company released its Q2 earnings on February 1,.

Mercury Systems Stock Slips After Jefferies Downgrade

Mercury's (MRCY) recent contract win for OpenVPX digital signal processing systems reflects the company's commitment to developing advanced signal processing systems for future mission needs.

Mercury (MRCY) Clinches $6.9M Signal Processing Contract

ANDOVER, Mass., April 06, 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 it received a $6.9 million order from a leading defense prime contractor for high performance, OpenVPX™ digital signal processing systems for a manned airborne radar application. The order was received in the Company's fiscal 2022 third quarter and is expected to be shipped over the next several quarters.

Mercury Systems receives $6.9M order for high-performance digital signal processing systems

Mercury Systems (MRCY) introduces the first solution in its series of radiation-tolerant power module supplies - RH5210.

Mercury (MRCY) Launches Rad-Tolerant Power Module RH5210

Standardized ultra-compact FPGA power module enables the most demanding on-orbit processing Standardized ultra-compact FPGA power module enables the most demanding on-orbit processing

Mercury announces new line of drop-in radiation-tolerant power supplies for the Space market

ANDOVER, Mass., March 31, 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 Steve Ratner will join the Company as senior vice president and chief human resources officer, effective May 2, 2022. Reporting to president and chief executive officer Mark Aslett, Mr. Ratner will be focused on building a world-class team and supporting the business in its pursuit of growth and scale.

Mercury Systems announces appointment of Steve Ratner as senior vice president and chief human resources officer

ANDOVER, Mass., March 30, 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 $4 million order from a leading commercial technology company for advanced silicon packaging to be used in electronic warfare, AESA beamforming and C4ISR systems. The order was received in Mercury's fiscal 2022 third quarter and is expected to be delivered over the next several quarters.

Mercury Systems receives $4M order for RF system-in-package technology

ANDOVER, Mass., March 24, 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 $24 million contract award from a leading defense prime contractor for avionics systems to be used in a rotary wing platform for the vertical heavy lift market. The order was booked in the Company's fiscal 2022 third quarter and is expected to be shipped over the next several quarters.

Mercury Systems Awarded $24M Contract for Avionics Systems

First rugged network-attached GPU edge server to incorporate NVIDIA BlueField DPU technology First rugged network-attached GPU edge server to incorporate NVIDIA BlueField DPU technology

Mercury's new rugged distributed processing solutions tackle the most challenging AI workloads at the edge

Customizable RF SiP solution redefines edge processing for radar, electronic warfare and 5G communications Customizable RF SiP solution redefines edge processing for radar, electronic warfare and 5G communications

Mercury's latest commercial technology leverages strategic investment in U.S. trusted, secure microelectronics

Only aerospace and defense company included on Boston Business Journal's 2022 list Only aerospace and defense company included on Boston Business Journal's 2022 list

Mercury recognized as one of Massachusetts' fastest-growing middle-market companies for third straight year

ANDOVER, Mass., March 15, 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 has received a $3.6 million order from a leading defense prime contractor for electro-optical / infrared (EO/IR) image processing systems for an airborne surveillance application. The order was booked in the Company's fiscal 2022 second quarter and is expected to be shipped over the next several quarters.

Mercury Systems receives $3.6M order for electro-optical / infrared image processing systems

ANDOVER, Mass., March 10, 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 Church Hutton has joined the Company as vice president, government relations, effective March 7, 2022. Reporting to chief growth officer Mitch Stevison, Mr. Hutton will lead an enhanced government relations practice at the federal and state level aligned with the Company's growth objectives.

Mercury Systems announces appointment of Church Hutton as vice president, government relations

ANDOVER, Mass., March 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 $21.3 million follow-on order from a leading defense prime contractor for high-definition video recorders to be used on an airborne fighter platform. The order was received in Mercury's fiscal 2022 second quarter and is expected to be delivered over the next several quarters.

Mercury Systems receives $21M follow-on order for high-definition video recorders

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ANDOVER, Mass., March 03, 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 $7.4 million order from a leading defense prime contractor for active matrix LCD (AMLCD) modules to be used in a large area multi-function display cockpit application. The order was received in Mercury's fiscal 2022 second quarter and is expected to be delivered over the next several quarters.

Mercury Systems receives $7.4M order for cockpit multi-function display technology

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

Why Is Mercury Systems (MRCY) Up 26.4% Since Last Earnings Report?

Mercury's (MRCY) recent contract win for flight data recorder reflects the company's focus on developing advanced in-flight mission data transfer for present and future mission needs.

Mercury (MRCY) Clinches $165-Million U.S Air Force Contract

ANDOVER, Mass., March 01, 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 it will participate in the J.P. Morgan Industrials Conference to be held March 15-17, 2022 in New York City. Management will present an overview of the Company's business on Tuesday, March. 15, at 10:30 a.m. ET.

Mercury Systems to present at the J.P. Morgan Industrials Conference

ANDOVER, Mass., Feb. 28, 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 $165 million firm-fixed-price indefinite-delivery/indefinite-quantity (IDIQ) contract award from the U.S. Air Force for secure flight data recorders in support of the secure mission data systems (SMDS) on the service's F-16 fleet. These flight data recorders will help provide improved performance, security and reliability for the F-16's current and future mission needs. The award received in the Company's fiscal 2022 third quarter included an initial $16.4 million order and has a 72-month planned performance and shipment period.

Mercury Systems awarded $165M contract for secure mission system flight data recorders from U.S. Air Force

Safety-critical multicore 6U solutions accelerate data-intensive sensor processing applications while lowering risk Safety-critical multicore 6U solutions accelerate data-intensive sensor processing applications while lowering risk

Mercury's first-to-market avionics modules provide safe, powerful, flight-ready computing

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Mercury Systems Board of Directors implements equity retention plan

The defense tech company is in a unique scenario: There are two experienced activist investors here.

With Starboard and Jana Partners holding stakes, Mercury Systems has options for building value

Mercury Systems' (MRCY) second-quarter top line is hurt by contracting delays, while an unfavorable program mix and increased operating expenses weigh on the bottom line.

News for Mercury Systems Stock (MRCY)