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Mercury Systems (MRCY)
NASDAQ:MRCY
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Mercury Systems (MRCY) Price & Analysis

528 Followers

MRCY Stock Chart & Stats

$84.05
$0.27(0.64%)
At close: 4:00 PM EST
$84.05
$0.27(0.64%)

Bulls Say, Bears Say

Bulls Say
Record Bookings And Growing BacklogA record book-to-bill (1.48) and backlog near $1.6B give multi-month revenue visibility tied to program ramps. Durable backlog supports predictable production cadence and revenue conversion as defense programs move from development into sustained production.
Sustained Margin Expansion And Adjusted ProfitabilityMaterial YoY margin improvement reflects operational execution and cost control, indicating the business can scale more profitably as volumes increase. If sustained, higher adjusted margins improve cash conversion and funding capacity for continued program support and R&D.
Positive Operating Cash Generation Despite GAAP LossConsistent positive operating and free cash flow, even while GAAP profits lag, signals strong cash conversion from program revenue. This durable cash generation underpins reinvestment, capacity expansion and M&A without immediate reliance on external financing.
Bears Say
GAAP Profitability Still NegativeA persistent GAAP net loss and negative net margin mean return metrics (ROE) remain weak. Until GAAP profitability is sustained, the firm may face higher scrutiny on cost structure and need to demonstrate durable conversion of adjusted results into GAAP earnings.
Free Cash Flow Decline And Near-term VolatilityA substantial YoY decline in FCF and a small Q3 outflow highlight cash conversion volatility tied to program timing. This reduces near-term cushion for capex, sustainment and inventory funding and makes achieving consistent full-year FCF targets more challenging.
Working-capital Build And Higher Inventory ReservesRising WIP, inventory builds and reserve increases tie up cash and can compress margins if reserves persist. Coupled with timing of billed/unbilled receivables, this working-capital pressure can slow backlog-to-cash conversion and strain operational liquidity during ramps.

Mercury Systems News

MRCY FAQ

What was Mercury Systems’s price range in the past 12 months?
Mercury Systems lowest stock price was $49.86 and its highest was $128.45 in the past 12 months.
    What is Mercury Systems’s market cap?
    Mercury Systems’s market cap is $6.75B.
      When is Mercury Systems’s upcoming earnings report date?
      Mercury Systems’s upcoming earnings report date is Aug 18, 2026 which is in 39 days.
        How were Mercury Systems’s earnings last quarter?
        Mercury Systems released its earnings results on May 05, 2026. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.067 by $0.203.
          Is Mercury Systems overvalued?
          According to Wall Street analysts Mercury Systems’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Mercury Systems pay dividends?
            Mercury Systems pays a Notavailable dividend of $0.618 which represents an annual dividend yield of N/A. See more information on Mercury Systems dividends here
              What is Mercury Systems’s EPS estimate?
              Mercury Systems’s EPS estimate is 0.4.
                How many shares outstanding does Mercury Systems have?
                Mercury Systems has 60,043,280 shares outstanding.
                  What happened to Mercury Systems’s price movement after its last earnings report?
                  Mercury Systems reported an EPS of $0.27 in its last earnings report, beating expectations of $0.067. Following the earnings report the stock price went up 10.487%.
                    Which hedge fund is a major shareholder of Mercury Systems?
                    Currently, no hedge funds are holding shares in MRCY
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      Company Description

                      Mercury Systems

                      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.

                      Mercury Systems (MRCY) Earnings & Revenues

                      MRCY Company Deck

                      MRCY Earnings Call

                      Q3 2026
                      0:00 / 0:00
                      Earnings Call Sentiment|Positive
                      The call conveyed strong operational momentum and financial improvement: record bookings/backlog, double-digit organic revenue growth, material adjusted EBITDA expansion, balance sheet strength and capacity investments. Near-term challenges include a slight Q3 free cash flow outflow, working capital and receivable timing dynamics, inventory reserve impacts, and the fact that larger market tailwinds are not yet baked into bookings. Management raised FY'26 guidance and emphasized improved backlog conversion and margin trajectory, while acknowledging more work is required to reach longer-term margin targets.View all MRCY earnings summaries

                      MRCY Stock 12 Month Forecast

                      Average Price Target

                      $100.60
                      ▲(19.69% Upside)
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7,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 2</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":66.8,"date":1764547200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 7,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 2</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":73.01,"date":1767225600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 6,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n        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                      Ownership Overview

                      8.26%32.47%0.16%22.86%
                      0.16% Other Institutional Investors
                      22.86% Public Companies and
                      Individual Investors
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