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.

Investors need to pay close attention to Mercury Systems (MRCY) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Mercury Systems (MRCY) Stock?

ANDOVER, Mass., Nov. 15, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced the departure of Dr. Mitch Stevison, Executive Vice President and President of Mercury's Mission Systems division, effective December 1, 2023. Dr. Stevison will pursue a new opportunity outside of the company.

Mercury Announces Mission Systems Leadership Transition

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Finding profitable and robust companies with reasonable projections for the near and long-term future can take a lot of work for investors when the stock market is experiencing more than usual volatility. Investors should stick with solid companies with a great track record because other more speculative stocks may see a more significant moment with their share price.

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Mercury Systems' (MRCY) first-quarter fiscal 2024 top-line results suffer due to increasing operating expenses and margin pressure.

Mercury Systems (MRCY) Q1 Earnings & Revenues Lag Estimates

Mercury Systems, Inc. (NASDAQ:MRCY ) Q1 2024 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Dave Farnsworth - Executive Vice President & Chief Financial Officer Bill Ballhaus - President & Chief Executive Officer Conference Call Participants Ken Herbert - RBC Capital Markets Michael Ciarmoli - Truist Sheila Kahyaoglu - Jefferies Operator Good day, everyone, and welcome to the Mercury Systems First Quarter Fiscal 2024 Conference Call. Today's call is being recorded.

Mercury Systems, Inc. (MRCY) Q1 2024 Earnings Call Transcript

ANDOVER, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported operating results for the first quarter of fiscal year 2024, ended September 29, 2023.

Mercury Systems Reports First Quarter Fiscal 2024 Results

ANDOVER, Mass., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced an agreement with the U.S. Navy to develop manufacturing capabilities that would allow commercial photonics chiplets to accelerate edge processing in defense applications.

U.S. Navy Funds Mercury to Develop Photonics Chiplet Manufacturing Capability for Defense Applications

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MRCY, WDFC and BDC have been added to the Zacks Rank #5 (Strong Sell) List on October 26, 2023.

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Hold rating recommended for Mercury Systems due to concerns about EBITDA margin performance in FY24. Mercury Systems is a manufacturer of critical aircraft components, primarily serving government agencies and defense contractors in the US.

Mercury Systems: Hold Rating For The Near-Term

ANDOVER, Mass., Oct. 17, 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, will release its first quarter fiscal year 2024 financial results after the market close on Tuesday, November 7, 2023.

Mercury Systems to Report First Quarter Fiscal Year 2024 Financial Results on November 7, 2023

ANDOVER, Mass., Oct. 09, 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 it is working with Raytheon, an RTX business, to increase survivability and resiliency of its mission-critical solutions by incorporating Raytheon's advanced cyber resiliency and intrusion detection tools into Mercury's processing platform.

Mercury to Bring Raytheon's Advanced Cyber Resiliency and Intrusion Detection Tools to the Mercury Processing Platform

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The aerospace and defense industry is a stock market segment with decent growth over the last year. The iShares U.S. Aerospace and Defense ETF (BATS: ITA ), the benchmark ETF for tracking the aerospace and defense industry, has increased by 15% this past 12 months.

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LOS ANGELES, CA / ACCESSWIRE / October 2, 2023 / 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.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Mercury Systems, Inc. and Encourages Investors with Losses to Contact the Firm

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Investors interested in stocks from the Computer - Peripheral Equipment sector have probably already heard of Alps Electric (APELY) and Mercury Systems (MRCY). But which of these two companies is the best option for those looking for undervalued stocks?

APELY vs. MRCY: Which Stock Should Value Investors Buy Now?

Mercury (MRCY), in partnership with Ball Aerospace, introduces a radiation-tolerant Field Programmable Gate Array that incorporates Advanced Micro Devices' Xilinx Versal AI core.

Mercury (MRCY) Launches Space-Qualified FPGA Processing Board

ANDOVER, Mass., Sept. 18, 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 the first space-qualified FPGA processing board to use AMD's Xilinx Versal® AI core. The SCFE6933 is a radiation-tolerant, 6U SpaceVPX board that will make high-performance computing more accessible for a broad range of space applications and customers.

Mercury Introduces the First Space-qualified FPGA Processing Board Powered by AMD Xilinx Versal® Technology

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

Why Is Mercury Systems (MRCY) Up 4.6% Since Last Earnings Report?

LOS ANGELES, CA / ACCESSWIRE / September 12, 2023 / 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.

IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Mercury Systems, Inc. and Encourages Investors with Losses to Contact the Firm

ANDOVER, Mass., Sept. 11, 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 the availability of its JDAR Type-1 encryptor module, which protects U.S. government classified and sensitive data in use on military platforms operating in tactical environments.

Mercury's Secure Encryptor Now Available for Integration into Military Platforms Across the Defense Industry

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Mercury Systems, Inc. (NASDAQ:MRCY ) Q4 2023 Results Conference Call August 15, 2023 5:00 PM ET Company Participants Dave Farnsworth - CFO Bill Ballhaus - President and CEO Conference Call Participants Seth Seifman - JPMorgan Ken Herbert - RBC Capital Markets Jonathan Ho - William Blair Michael Ciarmoli - Truist Sheila Kahyaoglu - Jefferies Operator Good day, everyone, and welcome to the Mercury Systems Fourth Quarter Fiscal 2023 Conference Call. Today's call is being recorded.

Mercury Systems, Inc. (MRCY) Q4 2023 Earnings Call Transcript

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NEW YORK , Aug. 16, 2023 /PRNewswire/ -- Chesapeake Energy Corp. (NASD:CHK) will replace Mercury Systems Inc. (NASD: MRCY) in the S&P MidCap 400, and Mercury Systems will replace Arconic Corp. (NYSE: ARNC) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, August 21. Apollo Global Management Inc. (NYSE:APO) is acquiring Arconic in a deal that is expected to close soon, pending final closing conditions.

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Mercury Systems Inc (NASDAQ:MRCY) investors might be experiencing whiplash following the company's fiscal fourth-quarter results.  Shares of the aerospace company tumbled more than 10% in extended trading Tuesday after its result missed expectations on the top and bottom lines.

Mercury Systems sees surprising rally after fiscal 4Q results initially sent shares tumbling

Mercury Systems' (MRCY) Q4 earnings reflect the negative impact of lower revenues, reduced gross profit and higher interest expenses.

News for Mercury Systems Stock (MRCY)