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 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.

Mercury's (MRCY) recent contract win for ADTS reflects the company's focus on developing advanced in-flight mission data transfer for pre- and post-mission analysis.

Mercury (MRCY) Clinches $17-Million Advanced DTS Contract

ANDOVER, Mass., Aug. 12, 2021 (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 $17 million order from the U.S. Naval Air Warfare Center's Aircraft Division (NAWC-AD) for Advanced Data Transfer Systems (ADTS) for deployment across multiple rotary-wing and tilt-rotor platforms. The ADTS, a rugged data, video, and audio loader and recorder with cybersecurity capability, is used for moving mission data securely to and from the aircraft for pre- and post-mission analysis.

Mercury Systems receives $17M order for advanced data transfer systems

The stock price of ​Mercury Systems Inc. reached its 52-week high of $89 in December 2020, and has since dropped from that level. Further, the stock fell 14% in the past week, to levels of around $56 currently.

Down 14% In A Week, Mercury Systems Stock A Buy?

ANDOVER, Mass., Aug. 10, 2021 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced that its Torrance, Calif. facility was recognized by Lockheed Martin Rotary and Mission Systems (RMS) for its exemplary contributions to delivering advanced products and services in 2020. The RMS Elite Supplier award for providing outstanding quality and delivery is a culmination of the Torrance team's hard work and dedication to customer satisfaction over the past five years.

Mercury Systems recognized by Lockheed Martin for outstanding performance

Guidance for future quarters came in well below expectations.

Why Mercury Systems Stock Is Down Today

Mercury Systems' (MRCY) fiscal fourth-quarter results reflect benefits from newly acquired Physical Optics Corporation and Pentek businesses, continued deal wins and solid demand for its products.

Mercury Systems (MRCY) Q4 Earnings and Revenues Top Estimates

Mercury Systems, Inc. (MRCY) CEO Mark Aslett on Q4 2021 Results - Earnings Call Transcript

Mercury Systems (MRCY) delivered earnings and revenue surprises of 8.96% and 3.34%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Mercury Systems (MRCY) Q4 Earnings and Revenues Beat Estimates

Shares of Mercury Systems (NASDAQ:MRCY) moved lower in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 1.39% over the past year to $0.73, which beat the estimate of $0.67.

Recap: Mercury Systems Q4 Earnings

Fourth Quarter Highlights Include: Revenues of $251 million increased 15% over prior year Bookings of $260 million yielding book-to-bill of 1.04 Backlog of over $900 million entering fiscal 2022 Completed the acquisition of Pentek Launched 1MPACT value creation initiative

Mercury Systems Reports Fourth Quarter and Fiscal 2021 Results

Ruggedized board leverages Versal adaptive compute technology for dramatically increased compute performance, efficiency and customization Ruggedized board leverages Versal adaptive compute technology for dramatically increased compute performance, efficiency and customization

Mercury introduces industry-first heterogeneous processing module with integrated artificial intelligence functionality

ANDOVER, Mass., July 21, 2021 (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 Jefferies Virtual Industrials Conference to be held Aug. 3-4, 2021. Management will present an overview of the Company's business on Wednesday, Aug. 4, at 10:00 a.m. ET.

Mercury Systems to present at the Jefferies Virtual Industrials Conference

Mercury Systems Inc (NASDAQ: MRCY) teams up with CoreAVI to provide CoreAVI's safety-certified graphics, video, and GPU compute solutions to aerospace and defense customers. This licensing agreement addresses the growing demand for safety-critical solutions and open standards platforms in the defense market.

Mercury Partners With CoreAVI To Provide Advanced Safety-Critical Computing Platforms

ANDOVER, Mass., July 20, 2021 (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 is teaming with CoreAVI to provide CoreAVI's safety-certified graphics, video, and GPU compute solutions to aerospace and defense customers.

Mercury teams with CoreAVI to provide advanced safety-critical computing platforms for aerospace and defense

Safety-certifiable 3U modules lower risk and reduce integration costs for critical avionics applications

Mercury launches aircraft-ready OpenVPX modules

ANDOVER, Mass., July 13, 2021 (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 fourth quarter and fiscal year 2021 financial results after the market close on Tuesday, August 3, 2021.

Mercury Systems to report fourth quarter and fiscal year 2021 financial results on August 3, 2021

Stocks are rarely as good as their best moments or as bad as their worst. And that means this defense stock, which took a hit in May, might be headed higher.

Defense Stock Mercury Systems Is Ready to Rise

Why Mercury Systems Stock Looks Like a Winner

ANDOVER, Mass., June 30, 2021 (GLOBE NEWSWIRE) -- Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, has achieved a significant milestone with the delivery of more than 1,000 NanoSWITCH® rugged network switches to Oshkosh® Defense for its Joint Light Tactical Vehicle (JLTV) program.

Mercury Systems delivers over 1,000 NanoSWITCH rugged network switches to Oshkosh Defense

Next-generation edge processing technology enables advanced AI applications, autonomous platforms and smarter missions Next-generation edge processing technology enables advanced AI applications, autonomous platforms and smarter missions

New OpenVPX blade server provides advanced security and data center-class processing

Company's fifth and sixth awards recognize excellence and innovation in security program management Company's fifth and sixth awards recognize excellence and innovation in security program management

Mercury Systems Receives Two Prestigious Cogswell Awards from U.S. Defense Counterintelligence and Security Agency

Flexible, compact solution is highest-density commercial SSDR available for applications at the forefront of space technology Flexible, compact solution is highest-density commercial SSDR available for applications at the forefront of space technology

Radiation-tolerant solid-state data recorder dramatically transforms on-orbit data processing and storage

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

Why Is Mercury Systems (MRCY) Up 14% Since Last Earnings Report?

ANDOVER, Mass., May 27, 2021 (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 has acquired Pentek Technologies, LLC and Pentek Systems, Inc. (collectively, “Pentek”). Based in Upper Saddle River, N.J., Pentek is a leading designer and manufacturer of ruggedized, high-performance, commercial off-the-shelf (“COTS”) software-defined radio and data acquisition boards, recording systems and subsystems for high-end commercial and defense applications.

Mercury Systems acquires Pentek

ANDOVER, Mass., May 26, 2021 (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 William Blair 41st Annual Growth Stock Conference to be held June 2, 2021. Management will present an overview of the Company's business on Wednesday, June 2, at 8:00 a.m. CDT.

News for Mercury Systems Stock (MRCY)