MRCY Stock - Mercury Systems, Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $912.02M | $835.27M | $973.88M | $973.88M | $924.00M |
| Gross Profit | $254.49M | $195.90M | $316.73M | $316.73M | $385.19M |
| Gross Margin | 27.9% | 23.5% | 32.5% | 32.5% | 41.7% |
| Operating Income | $-19,627,000 | $-147,754,000 | $-21,685,000 | $-21,685,000 | $81.00M |
| Net Income | $-37,904,000 | $-137,640,000 | $-28,335,000 | $-28,335,000 | $62.04M |
| Net Margin | -4.2% | -16.5% | -2.9% | -2.9% | 6.7% |
| EPS | $-0.65 | $-2.38 | $-0.50 | $-0.50 | $1.13 |
Mercury Systems, Inc., a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers. The company offers components, including power amplifiers and limiters, switches, oscillators, filters, equalizers, digital and analog converters, chips, monolithic microwave integrated circuits, and memory and storage devices; modules and sub-assemblies, such as embedded processing modules and boards, switched fabric boards, digital receiver boards, multi-chip modules, integrated radio frequency and microwave multi-function assemblies, tuners, and transceivers, as well as graphics and video processing, and Ethernet and input-output boards; and integrated subsystems. It also designs and develops digital radio frequency memory units for various modern electronic warfare applications; radar environment simulation and test systems for defense and intelligence applications; and signals intelligence payloads and EO/IR technologies for small UAV platforms, as well as onboard UAV processor systems for real-time wide area motion imagery. The company was formerly known as Mercury Computer Systems, Inc. and changed its name to Mercury Systems, Inc. in November 2012. Mercury Systems, Inc. was incorporated in 1981 and is headquartered in Andover, Massachusetts.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 2nd 2025 | Canaccord Genuity | Resumed | Buy | $88 |
| October 1st 2025 | RBC Capital Mkts | Upgrade | Outperform | $90 |
| August 12th 2025 | Raymond James | Upgrade | Strong Buy | $80 |
| March 13th 2025 | Truist | Upgrade | Buy | $56← $49 |
| February 5th 2025 | Robert W. Baird | Upgrade | Outperform | $58← $37 |
| November 11th 2024 | Jefferies | Upgrade | Hold | $42← $30 |
| August 19th 2024 | Alembic Global Advisors | Upgrade | Overweight | - |
| February 7th 2024 | Truist | Downgrade | Hold | $28← $48 |
| January 10th 2024 | Goldman | Downgrade | Sell | $24← $37 |
| January 3rd 2024 | Jefferies | Downgrade | Underperform | $30← $35 |
| November 29th 2023 | BofA Securities | Resumed | Underperform | $30 |
| June 26th 2023 | JP Morgan | Downgrade | Neutral | $37← $56 |
| June 22nd 2023 | Robert W. Baird | Downgrade | Neutral | $40← $48 |
| December 16th 2022 | RBC Capital Mkts | Downgrade | Sector Perform | $54← $66 |
| October 27th 2022 | Raymond James | Initiation | Outperform | $55 |
Earnings History & Surprises
MRCYEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 3, 2026 | $0.07 | — | — | — |
Q4 2025 | Nov 4, 2025 | $0.08 | $0.26 | +225.0% | ✓ BEAT |
Q3 2025 | Aug 11, 2025 | $0.21 | $0.47 | +123.8% | ✓ BEAT |
Q2 2025 | May 6, 2025 | $0.06 | $0.06 | 0.0% | = MET |
Q1 2025 | Feb 4, 2025 | $-0.04 | $0.07 | +275.0% | ✓ BEAT |
Q4 2024 | Nov 5, 2024 | $-0.13 | $0.04 | +130.8% | ✓ BEAT |
Q3 2024 | Aug 13, 2024 | $-0.07 | $0.23 | +428.6% | ✓ BEAT |
Q2 2024 | May 7, 2024 | $-0.15 | $-0.26 | -73.3% | ✗ MISS |
Q1 2024 | Feb 6, 2024 | $0.07 | $-0.42 | -700.0% | ✗ MISS |
Q4 2023 | Nov 7, 2023 | $0.16 | $-0.24 | -250.0% | ✗ MISS |
Q3 2023 | Aug 15, 2023 | $0.54 | $0.11 | -79.6% | ✗ MISS |
Q2 2023 | May 2, 2023 | $0.35 | $0.40 | +14.3% | ✓ BEAT |
Q1 2023 | Jan 31, 2023 | $0.33 | $0.26 | -21.2% | ✗ MISS |
Q4 2022 | Nov 1, 2022 | $0.20 | $0.24 | +20.0% | ✓ BEAT |
Q3 2022 | Aug 2, 2022 | $1.01 | $0.81 | -19.8% | ✗ MISS |
Q2 2022 | May 3, 2022 | $0.56 | $0.57 | +1.8% | ✓ BEAT |
Q1 2022 | Feb 1, 2022 | $0.41 | $0.39 | -4.9% | ✗ MISS |
Q4 2021 | Nov 2, 2021 | $0.39 | $0.41 | +5.1% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $0.67 | $0.73 | +9.0% | ✓ BEAT |
Latest News
Mercury Systems Highlights Electronic Warfare Capabilities At AOC 2025, Featuring New Direct RF Signal Processing Module And Spectrum Superiority Solutions
📈 PositiveJana Partners Cuts Mercury Systems Stake To 8.3% From 10% As Of November 6
📉 NegativeMercury Systems shares are trading higher after the company reported better-than-expected Q1 financial results.
📈 PositiveMercury Sys Q1 Adj. EPS $0.26 Beats $0.09 Estimate, Sales $225.209M Beat $207.280M Estimate
📈 PositiveMercury Systems Awarded Multi-Year Contract To Develop Multi-Mission Multi-Domain Subsystem For US Defense Prime Contractor
📈 PositiveTruist Securities Maintains Buy on Mercury System, Raises Price Target to $100
📈 PositiveMercury Systems Partners With Nightwing To Advance Cyber Resiliency For Mission-Critical Aerospace And Defense Operations
📈 PositiveRBC Capital Upgrades Mercury System to Outperform, Raises Price Target to $90
📈 PositiveMercury Systems Receives Three-Year $12.3M Development Contract By Defense Prime Contractor To Create An Avionics Subsystem For New U.S. Military Aircraft
📈 PositiveMercury Systems Secures Production Deal With AeroVironment to Support $1.4B Space Force Program
📈 PositiveMercury Systems Non-GAAP EPS of $0.47 beats by $0.25, revenue of $273.1M beats by $28.65M
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