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

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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., Oct. 06, 2020 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced that Chief Technology Officer Dr. William Conley has been selected as a member of the Board of Advisors for Hudson Institute’s Center for Defense Concepts and Technology, a leading global authority on international security issues based in Washington, D.C.

Mercury’s CTO Dr. William Conley Selected as Advisor for Hudson Institute’s New Center for Defense Concepts and Technology

Compact solution brings broadband quality RF signal processing to edge applications Compact solution brings broadband quality RF signal processing to edge applications

Mercury's Latest Microwave Tuner Delivers Unparalleled Flexibility and Speed

Axon Enterprise

General Dynamics

Huntington Ingalls Industries

Leidos Hld

ManTech

Maxar Technologies

These are the defense stocks with the best value, fastest growth, and most momentum for Q4 2020.

Top Defense Stocks for Q4 2020

Aslett Recognized for his Leadership, Communication and Compassion Throughout the Pandemic Aslett Recognized for his Leadership, Communication and Compassion Throughout the Pandemic

Glassdoor Names Mercury’s CEO Mark Aslett Highest Rated CEO During COVID-19

Mercury’s latest blade offerings reduce data storage bottlenecks and boost compute-intensive applications Mercury’s latest blade offerings reduce data storage bottlenecks and boost compute-intensive applications

New Storage and Processing Blades Accelerate Decision-Making for Big Data, 5G Communications and Artificial Intelligence

ANDOVER, Mass., Sept.  10, 2020  (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY,  www.mrcy.com ), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced today that six of its products were recognized among the most innovative solutions in aerospace and defense products and systems by the judges of the 2020 Military & Aerospace Electronics Innovators Awards program. The judging panel consisted of esteemed senior professionals from the aerospace and defense community.

Mercury Systems Wins Six Product Excellence Awards in Military & Aerospace Electronics 2020 Innovators Awards Program

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 Introduces First in Family of Trusted, Secure System-in-Package Products

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

Why Is Mercury Systems (MRCY) Down 1.6% Since Last Earnings Report?

ANDOVER, Mass., Aug.  18, 2020  (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced the receipt of a new U.S. patent covering various methods to protect controller area network (CAN)-based systems from malicious cyberattacks. This new patent adds to Mercury’s intellectual property portfolio of more than 80 issued patents.

Mercury Systems Awarded Patent for Cyberattack Protection Technology

Award recognizes excellence and innovation in security program management Award recognizes excellence and innovation in security program management

Mercury Systems Receives Fourth Prestigious Cogswell Award from U.S. Defense Counterintelligence and Security Agency

Robust organic growth aids Mercury's (MRCY) fourth-quarter fiscal 2020 results. Continued deal wins and strong demand for its products are tailwinds.

Mercury (MRCY) Q4 Earnings Beat, Organic Revenues Aid Growth

Mercury Systems, Inc. (MRCY) CEO Mark Aslett on Q4 2020 Results - Earnings Call Transcript

Mercury Systems (MRCY) delivered earnings and revenue surprises of 24.14% and 1.61%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Mercury Systems (MRCY) Q4 Earnings and Revenues Surpass Estimates

Mercury Systems (MRCY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Mercury Systems (MRCY) Earnings Expected to Grow: Should You Buy?

ANDOVER, Mass., July  22, 2020  (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 $11.7 million in orders against its previously announced $152 million 5 year sole-source basic ordering agreement (BOA) to deliver advanced Digital RF Memory (DRFM) jammers to the U.S. Navy. The orders were received in the fourth quarter of the Company's fiscal 2020 year and are expected to be delivered over the next several quarters.       Mercury DRFM jammers are size, weight and power (SWaP) optimized to meet the electronic protection requirements of airborne pod-based solutions and incorporate decades of DRFM technology development, validated electronic attack techniques and custom RF components purpose-built to support advanced electronic warfare test and training capabilities.        “Our advanced DRFM systems are a critical tool for providing realistic electronic threats for Naval testing, evaluation and training,” said Mark Bruington, Vice President of Mercury’s Processing division. “It’s part of our commitment to developing and producing a simultaneous multiple-threat processing system with a flexible architecture that can evolve to keep pace with emerging threats, delivering Innovation That Matters to our service men and women in the field.”

Mercury Systems Receives $11.7M in Digital RF Memory Jammer Orders from U.S. Navy

ANDOVER, Mass., July  15, 2020  (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 2020 financial results after the market close on Tuesday, August 4, 2020.

Mercury Systems to Report Fourth Quarter and Fiscal Year 2020 Financial Results on August 4, 2020

Fortinet

Turtle Beach

Logitech

LG Display Co.

The work-from-home trend has bumped up sales of computer peripherals as employees transform their homes into new workspace.

Remote Working Drives PC Peripheral Demand: 5 Stocks to Watch

Mercury (MRCY) receives a $25-million order for its integrated RF and digital subsystems, underlining its focus on developing advanced RF conversion and digital signal processing technologies.

Mercury's (MRCY) RF Solutions to Support Naval Application

ANDOVER, Mass., June  30, 2020  (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 $25 million follow-on order from a leading defense prime contractor for integrated radio frequency (RF) and digital subsystems for an advanced naval electronic support application. The order was booked in the Company’s fiscal 2020 fourth quarter and is expected to be shipped over the next several quarters.

Mercury Systems Receives $25M Integrated Subsystems Order for Electronic Support Application

Mercury (MRCY) receives a $3.9-million contract to develop a new technology to modernize applications, such as AI, and bring open standards architecture at chip-scale to defense systems.

Mercury to Develop New Technology to Improve Radar Systems

Mercury Systems (MRCY) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

Mercury Systems (MRCY) Looks Good: Stock Adds 6.2% in Session

ANDOVER, Mass., June  25, 2020  (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 $3.9 million multi-phase contract award from a leading defense prime contractor for the development of a high-density system-in-package solution for radar systems utilizing its novel 2.5D chip-scale integration technology. The award has an 18-month planned performance and shipment period.

Mercury Systems Receives $3.9M Contract Award Based on New System-in-Package Capability

ANDOVER, Mass., June  23, 2020  (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, today announced volume production of its newest, high-density (HD) secure memory device, with the most capacity in the smallest form factor available. Mercury takes data-intensive processing applications to the edge by embedding 4GB of double data rate third-generation (DDR3) synchronous dynamic random-access memory (SDRAM) in a compact, ruggedized package for optimal data center-grade performance in harsh environments.

New Memory Device Delivers Data-Intensive Processing to Advanced Mission Computing and Sensor Processing Applications

Mercury (MRCY) wins $49-million order for its signal processing and RF solutions.

Mercury's (MRCY) EC Solutions to Support Defense Program

Avalara Inc

Zoom Video

Demand for computer hardware and network software driven by expansion in cloud business is likely to grow due to the stay-at-home culture.

News for Mercury Systems Stock (MRCY)