Mercury Systems Reports Strong Q2 Fiscal 2025 Results

Mercury Systems ( (MRCY) ) has released its Q2 earnings. Here is a breakdown of the information Mercury Systems presented to its investors.

Mercury Systems, Inc. is a technology company specializing in mission-critical processing power for aerospace and defense sectors, with products deployed across over 300 programs in 35 countries. In the second quarter of fiscal 2025, Mercury Systems reported significant operational achievements with bookings of $242.4 million and a record backlog of $1.4 billion, reflecting a 6% increase from the previous year. The company generated revenues of $223.1 million, representing a 13% increase year-over-year, despite a GAAP net loss of $17.6 million. Notably, the adjusted EBITDA was $22.0 million, showing a substantial improvement from the previous year’s negative figure, alongside a record operating cash flow of $85.5 million. These results underscore Mercury Systems’ strides in enhancing operational efficiencies and cash flow, supported by reduced operating expenses and improved positive operating leverage. Looking ahead, the company remains optimistic about its strategic initiatives and execution improvements, with management expressing confidence in further performance enhancements as the fiscal year progresses.