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MRCY US​
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MRCY US​
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Mercury Systems Inc(MRCY US)

$80.32+2.953.81%Ext:$81.78+1.461.82%(Pre-Market · 13:17:07 UTC)
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Mercury Systems Inc(MRCY US)

$80.32+2.953.81%Ext:$81.78+1.461.82%(Pre-Market · 13:17:07 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

Mercury Systems Inc — Company Profile

Mercury Systems, Inc. is a technology firm dedicated to the creation and delivery of a wide range of advanced components, modules, and integrated subsystems, primarily catering to the aerospace and defense industries. The company's operations span globally, with a presence in the United States, Europe, and the Asia Pacific regions. Its sophisticated solutions are vital to approximately 300 programs, supporting 25 defense contractors and numerous commercial aviation customers. The company's extensive product line includes intricate components such as power amplifiers, limiters, switches, oscillators, filters, equalizers, digital and analog converters, various chips, monolithic microwave integrated circuits (MMICs), and advanced memory and storage devices. Furthermore, it offers sophisticated modules and sub-assemblies, including embedded processing boards, switched fabric boards, digital receiver boards, multi-chip modules, integrated radio frequency (RF) and microwave multi-function assemblies, tuners, transceivers, as well as specialized graphics, video, Ethernet, and input/output boards. Mercury Systems also supplies complete integrated subsystems. Beyond these offerings, the company is actively involved in designing and developing critical technologies like digital radio frequency memory units for modern electronic warfare applications, radar environment simulation and test systems for defense and intelligence operations, signals intelligence payloads and electro-optical/infrared (EO/IR) technologies optimized for small unmanned aerial vehicle (UAV) platforms, and advanced onboard UAV processor systems facilitating real-time wide area motion imagery. Established in 1981, the firm, initially named Mercury Computer Systems, Inc., officially rebranded to Mercury Systems, Inc. in November 2012, and its headquarters are located in Andover, Massachusetts.

Sector
Industrials
Industry
Aerospace & Defense
Exchange
UQ
CEO
William L. Ballhaus
Headquarters
Andover, MA, US
IPO Date
Jan 30, 1998
Employees
2,102
Website
www.mrcy.com

Key Metrics

Price
$84.87
Market Cap
$5.10B
Revenue (TTM)
$235.76M
Net Income (TTM)
$-2861000.00
EPS (TTM)
-0.05
P/E (TTM)
-361.38
P/B (TTM)
3.45
Dividend Yield

Mercury Systems Inc — Company Profile

Mercury Systems, Inc. is a technology firm dedicated to the creation and delivery of a wide range of advanced components, modules, and integrated subsystems, primarily catering to the aerospace and defense industries. The company's operations span globally, with a presence in the United States, Europe, and the Asia Pacific regions. Its sophisticated solutions are vital to approximately 300 programs, supporting 25 defense contractors and numerous commercial aviation customers. The company's extensive product line includes intricate components such as power amplifiers, limiters, switches, oscillators, filters, equalizers, digital and analog converters, various chips, monolithic microwave integrated circuits (MMICs), and advanced memory and storage devices. Furthermore, it offers sophisticated modules and sub-assemblies, including embedded processing boards, switched fabric boards, digital receiver boards, multi-chip modules, integrated radio frequency (RF) and microwave multi-function assemblies, tuners, transceivers, as well as specialized graphics, video, Ethernet, and input/output boards. Mercury Systems also supplies complete integrated subsystems. Beyond these offerings, the company is actively involved in designing and developing critical technologies like digital radio frequency memory units for modern electronic warfare applications, radar environment simulation and test systems for defense and intelligence operations, signals intelligence payloads and electro-optical/infrared (EO/IR) technologies optimized for small unmanned aerial vehicle (UAV) platforms, and advanced onboard UAV processor systems facilitating real-time wide area motion imagery. Established in 1981, the firm, initially named Mercury Computer Systems, Inc., officially rebranded to Mercury Systems, Inc. in November 2012, and its headquarters are located in Andover, Massachusetts.

Sector
Industrials
Industry
Aerospace & Defense
Exchange
UQ
CEO
William L. Ballhaus
Headquarters
Andover, MA, US
IPO Date
Jan 30, 1998
Employees
2,102
Website
www.mrcy.com

Key Metrics

Price
$84.87
Market Cap
$5.10B
Revenue (TTM)
$235.76M
Net Income (TTM)
$-2861000.00
EPS (TTM)
-0.05
P/E (TTM)
-361.38
P/B (TTM)
3.45
Dividend Yield
3.82%
ROE (TTM)
-0.19%
ROA (TTM)
-0.12%
Operating Margin
3.16%
Beta
1.58

Dividends

Last Dividend
$0.62
Last Yield
0.04%

Summary

Mercury Systems, Inc. is a technology firm dedicated to the creation and delivery of a wide range of advanced components, modules, and integrated subsystems, primarily catering to the aerospace and defense industries. The company's operations span globally, with a presence in the United States, Europe, and the Asia Pacific regions. Its sophisticated solutions are vital to approximately 300 programs, supporting 25 defense contractors and numerous commercial aviation customers. The company's extensive product line includes intricate components such as power amplifiers, limiters, switches, oscillators, filters, equalizers, digital and analog converters, various chips, monolithic microwave integrated circuits (MMICs), and advanced memory and storage devices. Furthermore, it offers sophisticated modules and sub-assemblies, including embedded processing boards, switched fabric boards, digital receiver boards, multi-chip modules, integrated radio frequency (RF) and microwave multi-function assemblies, tuners, transceivers, as well as specialized graphics, video, Ethernet, and input/output boards. Mercury Systems also supplies complete integrated subsystems. Beyond these offerings, the company is actively involved in designing and developing critical technologies like digital radio frequency memory units for modern electronic warfare applications, radar environment simulation and test systems for defense and intelligence operations, signals intelligence payloads and electro-optical/infrared (EO/IR) technologies optimized for small unmanned aerial vehicle (UAV) platforms, and advanced onboard UAV processor systems facilitating real-time wide area motion imagery. Established in 1981, the firm, initially named Mercury Computer Systems, Inc., officially rebranded to Mercury Systems, Inc. in November 2012, and its headquarters are located in Andover, Massachusetts.

Website
www.mrcy.com
Location
Andover, MA, US
Phone978 256 1300
Employees2,102
CEOWilliam L. Ballhaus
Sector
Industrials
Industry
Aerospace & Defense
IPO DateJan 30, 1998

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(1.9K)

Expand
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers3 Nov
  • SC 13G/AMERCURY SYSTEMS INC30 Oct
  • 4Ostfeld Scott30 Oct
  • 4DEMURO GERARD J29 Oct
  • 4Plunkett Debora A29 Oct
  • 4Nearhos Barry R29 Oct
  • 4BUA JEAN A29 Oct
  • 4LANCE HOWARD L29 Oct
  • 4DISBROW LISA S29 Oct
  • 4Carvalho Orlando D29 Oct
  • 4KUPINSKY STUART26 Oct
  • 144KUPINSKY STUART21 Oct
  • 4Nearhos Barry R16 Oct
  • 4KUPINSKY STUART23 Sep
  • 144KUPINSKY STUART21 Sep
  • 8-KOther Events18 Sep
  • ARSAnnual report to security holders17 Sep
  • DEF 14ADefinitive proxy statement17 Sep
  • 8-KMercury Systems Announces Extension of Employment Contract with Chairman and CEO Bill Ballhaus and Reaffirms Prior Guidance ANDOVER, Mass. – September 16, 2026 – Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a global leader in aerospace and defense electronics, today announced that it has entered into an agreement to extend the employment contract of Chairman and CEO Bill Ballhaus, extending the initial term of his employment contract for another three years through August 15, 2030. “Since his appointment to lead Mercury three years ago, Bill has led with purpose and driven the Company to achieve strong operational and financial results,” said Barry Nearhos, Mercury’s Lead Independent Director. “Mercury entered fiscal year 2027 with enhanced multi-year visibility and an improving organic growth outlook, supported by solid execution and strong demand signals across the portfolio. The Board has high confidence in Bill’s continued leadership.” “I look forward to continuing the work we have done over the past several years to transform our business and deliver high-performance processing capabilities that ensure mission dominance for the warfighter,” said Ballhaus. “Our focus will remain on executing for our customers, scaling efficiently, and continuing our progression toward our targeted growth, margin, and free cash flow profile.” The Company also reaffirmed its financial guidance, which was previously provided during its earnings conference call on August 18, 2026. Mercury Systems – Innovation that matters® Mercury Systems is a global leader in aerospace and defense electronics, providing breakthrough capabilities in signal and data processing. With a four-decade legacy of innovation that spans silicon to systems and RF front ends to effectors, Mercury accelerates commercial technology adoption to deliver powerful and secure mission-critical processing solutions to the edge. Mercury is headquartered in Andover, Massachusetts, and has multiple locations worldwide. To learn more, visit mrcy.com. (Nasdaq: MRCY) Forward-Looking Safe Harbor Statement This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the Company's focus on enhanced execution of the Company's strategic plan. You can identify these statements by the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” “potential,” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, cost increases, our inability to increase production and deliver products on time and with appropriate quality, continued funding of defense programs, the timing and amounts of such funding, general economic and businessconditions, including unforeseen weakness in the Company’s markets, effects of any U.S. federal government shutdown or extended continuing resolution, effects of increasingly volatile geopolitical events and regional conflicts, competition, changes in technology and methods of marketing, delays in or cost increases related to completing development, engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in, or in the U.S. government’s interpretation of, federal export control or procurement rules and regulations, including tariffs, changes in, or in the interpretation or enforcement of, environmental rules and regulations, market acceptance of the Company's products, shortages or delays in receiving components, supply chain delays or volatility for critical components, production delays or unanticipated expenses including due to quality issues or manufacturing execution issues, failure to meet contractual performance specifications, adherence to required manufacturing standards, capacity underutilization, increases in scrap or inventory write-offs, failure to achieve or maintain manufacturing quality certifications, such as AS9100, failure to achieve or maintain qualified business systems, such as those required by the DFARS, adverse findings in government audits or investigations, the impact of supply chain disruption, inflation and labor shortages, among other things, on program execution and the resulting effect on customer satisfaction, inability to fully realize the expected benefits from acquisitions, restructurings and operational efficiency initiatives or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, effects of shareholder activism, increases in interest rates, changes to industrial security and cyber-security regulations and requirements and impacts from any cyber or insider threat events, including the risks from heightened, persistent, and increasingly sophisticated nation-state level cyberattacks and emerging threats associated with agentic AI-enabled cyber tools, changes in tax rates or tax regulations, changes to interest rate swaps or other cash flow hedging arrangements, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, litigation, including the state law claim related to our settled federal securities class action lawsuit, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended July 3, 2026 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made. INVESTOR CONTACT Tyler Hojo, CFA Vice President, Investor Relations [email protected] MEDIA CONTACT Turner Brinton Senior Director, Corporate Communications [email protected]16 Sep
  • 4/ARatner Steven15 Sep

News

  • Mercury Systems (MRCY) Earnings Expected to Grow: What to Know Ahead of Next Week's Release3 Nov
  • Baron SMID Cap ETF Q3 2026 Contributors And Detractors3 Nov
  • Conestoga Small Cap Composite Q3 2026 Portfolio Activity27 Oct
  • Mercury Systems Inc $MRCY Shares Sold by State of Alaska Department of Revenue20 Oct
  • Mercury Systems to Report First Quarter Fiscal Year 2027 Financial Results on November 10, 202613 Oct
  • Mercury Celebrates the Expansion of its Phoenix Production Facility8 Oct
  • Mercury Introduces RES One, a Rugged Edge Server Engineered for Rapid Deployment and Superior Lifecycle Management6 Oct
  • 3 Defense Stocks Riding Nuclear, Missile, and Aerospace Demand26 Sep
  • Is the Options Market Predicting a Spike in Mercury Systems Stock?25 Sep
  • Mercury Systems (MRCY) Down 13.8% Since Last Earnings Report: Can It Rebound?17 Sep
  • Mercury Systems Announces Extension of Employment Contract with Chairman and CEO Bill Ballhaus and Reaffirms Prior Guidance16 Sep
  • Mercury Systems: The Defense Computing Opportunity Is Getting Bigger8 Sep
  • Insider Waves Goodbye to More Than 48,000 Shares of Defense Stock Worth $4.8 Million2 Sep
  • American Capital Management Inc. Makes New $59.46 Million Investment in Mercury Systems Inc $MRCY27 Aug
  • Did Mercury Systems, Inc. Insiders Breach their Fiduciary Duties to Shareholders?25 Aug
  • BlackRock Inc. Acquires New Shares in Mercury Systems Inc $MRCY22 Aug
  • B. Metzler seel. Sohn & Co. AG Takes $4.02 Million Position in Mercury Systems Inc $MRCY22 Aug
  • Mercury Systems Inc (MRCY) Stock Down 6.8% but Still Overvalued -- GF Score: 62/10020 Aug
  • Mercury Systems Q4 Earnings Call Highlights20 Aug
  • Why Mercury Systems Stock Is Sinking Today19 Aug

Mentions in Filings

  • … as a former federal official and defense and intelligence executive. Mr. Ryan served as a corporate senior executive of high-growth public and private defense technology companies, including Science Applications International Corp. (SAIC), the predecessor of Leidos Holdings, Inc., ManTech, <strong>Mercury Systems</strong>, VT Services, SRA International and Tenax Aerospace, all of which provide or provided geospatial-related support services to federal customers.
    INTERMAP TECHNOLOGIES CORPMercury Systems Inc·EX-99.1 - 6-K - PRESS RELEASE·03 Nov·3 Nov
  • … cted working KRMN outperforms peers on key working capital metrics capital build up in our hyper-growth environment and cash conversion Karman is effectively managing working capital to capture generational growth, support our shareholders, customers and nation – and we are well-positioned to generate positive cash flow in 2H 2026 and beyond 8 (1) Peers include AeroVironment, Kratos, and <strong>Mercury Systems</strong> – Information derived from SEC Filings ---
    Karman Holdings Inc.Mercury Systems Inc·EX-99.1 - 8-K - Regulation FD Disclosure·Q3 26·16 Sep
  • … errestrial secure communication and command and control, and products for multiple applications in the EW market, the Company competes with larger domestic companies such as Microchip Technology Incorporated and <strong>Mercury Systems, Inc.</strong> The Company believes its ability to obtain raw materials, manufacture finished products, integrate them into systems and sub-systems and interface these systems with highly sophisticated end-user applications prov …
    FREQUENCY ELECTRONICS INCMercury Systems Inc·ARS - Annual report to security holders·FY26·9 Sep
  • … deral News Radio, been interviewed in the Washington Post, and given keynote addresses at high-profile cybersecurity and defense conferences. She currently serves on the board of directors of Nationwide Insurance and <strong>Mercury Systems</strong>, a commercial provider of secure sensor and safety critical mission processing subsystems, and formerly served as a director for BlueVoyant, a cyber defense company. She is also a professor in the cybersecurity gradua …
    CACI INTERNATIONAL INC /DE/Mercury Systems Inc·DEF 14A - Definitive proxy statement·Q2 27·4 Sep
  • … gnificant role in ManTech’s corporate strategy, capital allocation and value creation initiatives. Prior to joining ManTech, Mr. Ruppert served as Executive Vice President, Chief Financial Officer and Treasurer of <strong>Mercury Systems, Inc.</strong> (NASDAQ: MRCY), a technology company serving the aerospace and defense industry, from February 2018 to February 2023. Mr. Ruppert joined Mercury in 2014 as Senior Vice President, Strategy and Corporate Development …
    AeroVironment IncMercury Systems Inc·DEF 14A - Definitive proxy statement·Q2 27·14 Aug
  • #Lincoln Electric Holdings, Inc. 15,862 4,208,982 Lindsay Corp. 3,106 389,089 \*Liquidity Services, Inc. 7,467 238,944 \* Loar Holdings, Inc. 9,172 629,016 Lockheed Martin Corp. 59,522 37,750,043 LSI Industries, Inc. 5,816 128,592 Luxfer Holdings PLC 5,723 86,646 \*Lyft, Inc., Class A 82,406 1,390,189 \*Manitowoc Co., Inc. (The) 7,177 92,727 ManpowerGroup, Inc. 12,987 471,818 Marten Transport, …
    Dimensional ETF TrustMercury Systems Inc·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug

Key Stats

Trading

Px/Chg 1D$84.87 / +0.95%
Avg Volume629.93K
Beta1.58
Mkt Cap5.10B
FD Mkt Cap5.21B

Float

Shrs Out/Float60.04M / 55.53M
Short Float0.08%
Days to Cover4.73
Stock Repurchased$0.00

Current Valuation

EV5.42B
EV/EBITDA61.31
EV/Sales5.60
P/B3.45
P/S5.27
FCF Yield-0.04%
ROE-0.19%
ROA-0.12%
Current Ratio3.19

Dividend

Cash$0.62
Yield3.82%
Yield (TTM)3.82%

Estimates

P/E-361.38
Est P/E0.00
Est EPS0.06
Est PEG0.00

Valuation

Metric5Yr AvgNov '22Nov '23Nov '24Nov '25Oct '26
PRICE-BASED RATIOS
Price / Earnings-337.77-98.76-74.15-13.95279.14-1,781.15
Price / Sales9.142.872.162.3016.7321.61
Price / Book Value2.201.821.341.303.103.45
Price / Free Cash Flow-522.77-46.6080.5316.13134.49-2,798.39
ENTERPRISE VALUE METRICS
Enterprise Value3,715.63,254.02,607.72,393.44,904.65,418.0
Enterprise Value / Sales9.963.342.682.8717.9622.98
Enterprise Value / EBITDA77.5344.0135.27-36.14104.77239.74
Enterprise Value / EBIT216.64-139.16-111.52-15.52182.721,166.67

Financials

Full Financials
Millions USD5Yr CAGR (%)Jun '21Jun '22Jun '23Jun '24Jun '25
INCOME STATEMENT
Revenue-32.6%924.0973.9973.9835.3912.0
Gross Income-9.8%385.2316.7316.7195.9254.5
EBITDA-20.6%163.373.973.9-66.265.0
EBIT—96.2-23.4-23.4-154.3-17.0
Net Income—62.0-28.3-28.3-137.6-37.9
EPS (Diluted)—1.12-0.50-0.50-2.38-0.65
BALANCE SHEET
Cash & ST Inv28.4%113.865.771.6180.5309.1
Total Assets5.6%1,955.12,304.42,391.42,378.92,434.8
Total Liabilities19.5%471.0767.2824.7906.1961.3
Total Shareholder Equity-18%1,484.11,537.21,566.71,472.81,473.5
CASH FLOW
Net Operating Cash Flow—-18.9-21.360.4138.9138.9
Cap Ex-8%-27.7-38.8-34.3-19.8-19.8
Free Cash Flow—-46.5-60.126.1119.0119.0

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)74.63
Basic Shares60.04
Market Cap4,481.0
Diluted Shares59.39
Fully Diluted Shares Outstanding59.39
Fully Diluted Market Cap4,432.0
+Consolidated Debt654.0
−In-the-Money Convertible Debt—
+Capital Leases48.3
+Operating Leases—
−Cash & Equivalents-331.8
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value4,803.2

Segment data

Revenue

by Products and services

  • Total Sensor And Effector Applications31%
  • C4i Applications28%
  • Radar End User Applications13%
  • Other Sensor And Effector Applications10%
  • Other End User Applications10%

Revenue

by Geography

  • United States94%
  • Europe6%

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KEM1 XB

3.82%
ROE (TTM)
-0.19%
ROA (TTM)
-0.12%
Operating Margin
3.16%
Beta
1.58

Dividends

Last Dividend
$0.62
Last Yield
0.04%

Summary

Mercury Systems, Inc. is a technology firm dedicated to the creation and delivery of a wide range of advanced components, modules, and integrated subsystems, primarily catering to the aerospace and defense industries. The company's operations span globally, with a presence in the United States, Europe, and the Asia Pacific regions. Its sophisticated solutions are vital to approximately 300 programs, supporting 25 defense contractors and numerous commercial aviation customers. The company's extensive product line includes intricate components such as power amplifiers, limiters, switches, oscillators, filters, equalizers, digital and analog converters, various chips, monolithic microwave integrated circuits (MMICs), and advanced memory and storage devices. Furthermore, it offers sophisticated modules and sub-assemblies, including embedded processing boards, switched fabric boards, digital receiver boards, multi-chip modules, integrated radio frequency (RF) and microwave multi-function assemblies, tuners, transceivers, as well as specialized graphics, video, Ethernet, and input/output boards. Mercury Systems also supplies complete integrated subsystems. Beyond these offerings, the company is actively involved in designing and developing critical technologies like digital radio frequency memory units for modern electronic warfare applications, radar environment simulation and test systems for defense and intelligence operations, signals intelligence payloads and electro-optical/infrared (EO/IR) technologies optimized for small unmanned aerial vehicle (UAV) platforms, and advanced onboard UAV processor systems facilitating real-time wide area motion imagery. Established in 1981, the firm, initially named Mercury Computer Systems, Inc., officially rebranded to Mercury Systems, Inc. in November 2012, and its headquarters are located in Andover, Massachusetts.

Website
www.mrcy.com
Location
Andover, MA, US
Phone978 256 1300
Employees2,102
CEOWilliam L. Ballhaus
Sector
Industrials
Industry
Aerospace & Defense
IPO DateJan 30, 1998

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(1.9K)

Expand
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers3 Nov
  • SC 13G/AMERCURY SYSTEMS INC30 Oct
  • 4Ostfeld Scott30 Oct
  • 4DEMURO GERARD J29 Oct
  • 4Plunkett Debora A29 Oct
  • 4Nearhos Barry R29 Oct
  • 4BUA JEAN A29 Oct
  • 4LANCE HOWARD L29 Oct
  • 4DISBROW LISA S29 Oct
  • 4Carvalho Orlando D29 Oct
  • 4KUPINSKY STUART26 Oct
  • 144KUPINSKY STUART21 Oct
  • 4Nearhos Barry R16 Oct
  • 4KUPINSKY STUART23 Sep
  • 144KUPINSKY STUART21 Sep
  • 8-KOther Events18 Sep
  • ARSAnnual report to security holders17 Sep
  • DEF 14ADefinitive proxy statement17 Sep
  • 8-KMercury Systems Announces Extension of Employment Contract with Chairman and CEO Bill Ballhaus and Reaffirms Prior Guidance ANDOVER, Mass. – September 16, 2026 – Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a global leader in aerospace and defense electronics, today announced that it has entered into an agreement to extend the employment contract of Chairman and CEO Bill Ballhaus, extending the initial term of his employment contract for another three years through August 15, 2030. “Since his appointment to lead Mercury three years ago, Bill has led with purpose and driven the Company to achieve strong operational and financial results,” said Barry Nearhos, Mercury’s Lead Independent Director. “Mercury entered fiscal year 2027 with enhanced multi-year visibility and an improving organic growth outlook, supported by solid execution and strong demand signals across the portfolio. The Board has high confidence in Bill’s continued leadership.” “I look forward to continuing the work we have done over the past several years to transform our business and deliver high-performance processing capabilities that ensure mission dominance for the warfighter,” said Ballhaus. “Our focus will remain on executing for our customers, scaling efficiently, and continuing our progression toward our targeted growth, margin, and free cash flow profile.” The Company also reaffirmed its financial guidance, which was previously provided during its earnings conference call on August 18, 2026. Mercury Systems – Innovation that matters® Mercury Systems is a global leader in aerospace and defense electronics, providing breakthrough capabilities in signal and data processing. With a four-decade legacy of innovation that spans silicon to systems and RF front ends to effectors, Mercury accelerates commercial technology adoption to deliver powerful and secure mission-critical processing solutions to the edge. Mercury is headquartered in Andover, Massachusetts, and has multiple locations worldwide. To learn more, visit mrcy.com. (Nasdaq: MRCY) Forward-Looking Safe Harbor Statement This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the Company's focus on enhanced execution of the Company's strategic plan. You can identify these statements by the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” “potential,” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, cost increases, our inability to increase production and deliver products on time and with appropriate quality, continued funding of defense programs, the timing and amounts of such funding, general economic and businessconditions, including unforeseen weakness in the Company’s markets, effects of any U.S. federal government shutdown or extended continuing resolution, effects of increasingly volatile geopolitical events and regional conflicts, competition, changes in technology and methods of marketing, delays in or cost increases related to completing development, engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in, or in the U.S. government’s interpretation of, federal export control or procurement rules and regulations, including tariffs, changes in, or in the interpretation or enforcement of, environmental rules and regulations, market acceptance of the Company's products, shortages or delays in receiving components, supply chain delays or volatility for critical components, production delays or unanticipated expenses including due to quality issues or manufacturing execution issues, failure to meet contractual performance specifications, adherence to required manufacturing standards, capacity underutilization, increases in scrap or inventory write-offs, failure to achieve or maintain manufacturing quality certifications, such as AS9100, failure to achieve or maintain qualified business systems, such as those required by the DFARS, adverse findings in government audits or investigations, the impact of supply chain disruption, inflation and labor shortages, among other things, on program execution and the resulting effect on customer satisfaction, inability to fully realize the expected benefits from acquisitions, restructurings and operational efficiency initiatives or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, effects of shareholder activism, increases in interest rates, changes to industrial security and cyber-security regulations and requirements and impacts from any cyber or insider threat events, including the risks from heightened, persistent, and increasingly sophisticated nation-state level cyberattacks and emerging threats associated with agentic AI-enabled cyber tools, changes in tax rates or tax regulations, changes to interest rate swaps or other cash flow hedging arrangements, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, litigation, including the state law claim related to our settled federal securities class action lawsuit, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended July 3, 2026 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made. INVESTOR CONTACT Tyler Hojo, CFA Vice President, Investor Relations [email protected] MEDIA CONTACT Turner Brinton Senior Director, Corporate Communications [email protected]16 Sep
  • 4/ARatner Steven15 Sep

News

  • Mercury Systems (MRCY) Earnings Expected to Grow: What to Know Ahead of Next Week's Release3 Nov
  • Baron SMID Cap ETF Q3 2026 Contributors And Detractors3 Nov
  • Conestoga Small Cap Composite Q3 2026 Portfolio Activity27 Oct
  • Mercury Systems Inc $MRCY Shares Sold by State of Alaska Department of Revenue20 Oct
  • Mercury Systems to Report First Quarter Fiscal Year 2027 Financial Results on November 10, 202613 Oct
  • Mercury Celebrates the Expansion of its Phoenix Production Facility8 Oct
  • Mercury Introduces RES One, a Rugged Edge Server Engineered for Rapid Deployment and Superior Lifecycle Management6 Oct
  • 3 Defense Stocks Riding Nuclear, Missile, and Aerospace Demand26 Sep
  • Is the Options Market Predicting a Spike in Mercury Systems Stock?25 Sep
  • Mercury Systems (MRCY) Down 13.8% Since Last Earnings Report: Can It Rebound?17 Sep
  • Mercury Systems Announces Extension of Employment Contract with Chairman and CEO Bill Ballhaus and Reaffirms Prior Guidance16 Sep
  • Mercury Systems: The Defense Computing Opportunity Is Getting Bigger8 Sep
  • Insider Waves Goodbye to More Than 48,000 Shares of Defense Stock Worth $4.8 Million2 Sep
  • American Capital Management Inc. Makes New $59.46 Million Investment in Mercury Systems Inc $MRCY27 Aug
  • Did Mercury Systems, Inc. Insiders Breach their Fiduciary Duties to Shareholders?25 Aug
  • BlackRock Inc. Acquires New Shares in Mercury Systems Inc $MRCY22 Aug
  • B. Metzler seel. Sohn & Co. AG Takes $4.02 Million Position in Mercury Systems Inc $MRCY22 Aug
  • Mercury Systems Inc (MRCY) Stock Down 6.8% but Still Overvalued -- GF Score: 62/10020 Aug
  • Mercury Systems Q4 Earnings Call Highlights20 Aug
  • Why Mercury Systems Stock Is Sinking Today19 Aug

Mentions in Filings

  • … as a former federal official and defense and intelligence executive. Mr. Ryan served as a corporate senior executive of high-growth public and private defense technology companies, including Science Applications International Corp. (SAIC), the predecessor of Leidos Holdings, Inc., ManTech, <strong>Mercury Systems</strong>, VT Services, SRA International and Tenax Aerospace, all of which provide or provided geospatial-related support services to federal customers.
    INTERMAP TECHNOLOGIES CORPMercury Systems Inc·EX-99.1 - 6-K - PRESS RELEASE·03 Nov·3 Nov
  • … cted working KRMN outperforms peers on key working capital metrics capital build up in our hyper-growth environment and cash conversion Karman is effectively managing working capital to capture generational growth, support our shareholders, customers and nation – and we are well-positioned to generate positive cash flow in 2H 2026 and beyond 8 (1) Peers include AeroVironment, Kratos, and <strong>Mercury Systems</strong> – Information derived from SEC Filings ---
    Karman Holdings Inc.Mercury Systems Inc·EX-99.1 - 8-K - Regulation FD Disclosure·Q3 26·16 Sep
  • … errestrial secure communication and command and control, and products for multiple applications in the EW market, the Company competes with larger domestic companies such as Microchip Technology Incorporated and <strong>Mercury Systems, Inc.</strong> The Company believes its ability to obtain raw materials, manufacture finished products, integrate them into systems and sub-systems and interface these systems with highly sophisticated end-user applications prov …
    FREQUENCY ELECTRONICS INCMercury Systems Inc·ARS - Annual report to security holders·FY26·9 Sep
  • … deral News Radio, been interviewed in the Washington Post, and given keynote addresses at high-profile cybersecurity and defense conferences. She currently serves on the board of directors of Nationwide Insurance and <strong>Mercury Systems</strong>, a commercial provider of secure sensor and safety critical mission processing subsystems, and formerly served as a director for BlueVoyant, a cyber defense company. She is also a professor in the cybersecurity gradua …
    CACI INTERNATIONAL INC /DE/Mercury Systems Inc·DEF 14A - Definitive proxy statement·Q2 27·4 Sep
  • … gnificant role in ManTech’s corporate strategy, capital allocation and value creation initiatives. Prior to joining ManTech, Mr. Ruppert served as Executive Vice President, Chief Financial Officer and Treasurer of <strong>Mercury Systems, Inc.</strong> (NASDAQ: MRCY), a technology company serving the aerospace and defense industry, from February 2018 to February 2023. Mr. Ruppert joined Mercury in 2014 as Senior Vice President, Strategy and Corporate Development …
    AeroVironment IncMercury Systems Inc·DEF 14A - Definitive proxy statement·Q2 27·14 Aug
  • #Lincoln Electric Holdings, Inc. 15,862 4,208,982 Lindsay Corp. 3,106 389,089 \*Liquidity Services, Inc. 7,467 238,944 \* Loar Holdings, Inc. 9,172 629,016 Lockheed Martin Corp. 59,522 37,750,043 LSI Industries, Inc. 5,816 128,592 Luxfer Holdings PLC 5,723 86,646 \*Lyft, Inc., Class A 82,406 1,390,189 \*Manitowoc Co., Inc. (The) 7,177 92,727 ManpowerGroup, Inc. 12,987 471,818 Marten Transport, …
    Dimensional ETF TrustMercury Systems Inc·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug

Key Stats

Trading

Px/Chg 1D$84.87 / +0.95%
Avg Volume629.93K
Beta1.58
Mkt Cap5.10B
FD Mkt Cap5.21B

Float

Shrs Out/Float60.04M / 55.53M
Short Float0.08%
Days to Cover4.73
Stock Repurchased$0.00

Current Valuation

EV5.42B
EV/EBITDA61.31
EV/Sales5.60
P/B3.45
P/S5.27
FCF Yield-0.04%
ROE-0.19%
ROA-0.12%
Current Ratio3.19

Dividend

Cash$0.62
Yield3.82%
Yield (TTM)3.82%

Estimates

P/E-361.38
Est P/E0.00
Est EPS0.06
Est PEG0.00

Valuation

Metric5Yr AvgNov '22Nov '23Nov '24Nov '25Oct '26
PRICE-BASED RATIOS
Price / Earnings-337.77-98.76-74.15-13.95279.14-1,781.15
Price / Sales9.142.872.162.3016.7321.61
Price / Book Value2.201.821.341.303.103.45
Price / Free Cash Flow-522.77-46.6080.5316.13134.49-2,798.39
ENTERPRISE VALUE METRICS
Enterprise Value3,715.63,254.02,607.72,393.44,904.65,418.0
Enterprise Value / Sales9.963.342.682.8717.9622.98
Enterprise Value / EBITDA77.5344.0135.27-36.14104.77239.74
Enterprise Value / EBIT216.64-139.16-111.52-15.52182.721,166.67

Financials

Full Financials
Millions USD5Yr CAGR (%)Jun '21Jun '22Jun '23Jun '24Jun '25
INCOME STATEMENT
Revenue-32.6%924.0973.9973.9835.3912.0
Gross Income-9.8%385.2316.7316.7195.9254.5
EBITDA-20.6%163.373.973.9-66.265.0
EBIT—96.2-23.4-23.4-154.3-17.0
Net Income—62.0-28.3-28.3-137.6-37.9
EPS (Diluted)—1.12-0.50-0.50-2.38-0.65
BALANCE SHEET
Cash & ST Inv28.4%113.865.771.6180.5309.1
Total Assets5.6%1,955.12,304.42,391.42,378.92,434.8
Total Liabilities19.5%471.0767.2824.7906.1961.3
Total Shareholder Equity-18%1,484.11,537.21,566.71,472.81,473.5
CASH FLOW
Net Operating Cash Flow—-18.9-21.360.4138.9138.9
Cap Ex-8%-27.7-38.8-34.3-19.8-19.8
Free Cash Flow—-46.5-60.126.1119.0119.0

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)74.63
Basic Shares60.04
Market Cap4,481.0
Diluted Shares59.39
Fully Diluted Shares Outstanding59.39
Fully Diluted Market Cap4,432.0
+Consolidated Debt654.0
−In-the-Money Convertible Debt—
+Capital Leases48.3
+Operating Leases—
−Cash & Equivalents-331.8
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value4,803.2

Segment data

Revenue

by Products and services

  • Total Sensor And Effector Applications31%
  • C4i Applications28%
  • Radar End User Applications13%
  • Other Sensor And Effector Applications10%
  • Other End User Applications10%

Revenue

by Geography

  • United States94%
  • Europe6%

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