Mercury Systems (MRCY)
NASDAQ:MRCY
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MRCY Stock Chart & Stats
$84.05
$0.27(0.64%)
At close: 4:00 PM EST
$84.05
$0.27(0.64%)
Day’s Range― - ―
52-Week Range$49.03 - $122.17
Previous CloseN/A
Volume103.47K
Average Volume (3M)685.34K
Market Cap
$6.96B
Enterprise Value$7.07B
Total Cash (Recent Filing)$331.80M
Total Debt (Recent Filing)$653.95M
Price to Earnings (P/E)―
Beta1.21
Next Earnings
Aug 18, 2026EPS Estimate
0.39Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.85
Shares Outstanding60,043,280
10 Day Avg. Volume751,767
30 Day Avg. Volume685,336
Financial Highlights & Ratios
PEG Ratio1.14
Price to Book (P/B)2.13
Price to Sales (P/S)3.44
P/FCF Ratio26.36
Enterprise Value/Market Cap1.02
Enterprise Value/Revenue7.32
Enterprise Value/Gross Profit26.41
Enterprise Value/Ebitda80.05
Forecast
1Y Price Target
$98.60Price Target Upside17.31% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)1.08
Revenue Forecast (FY)$959.24M
Bulls Say, Bears Say
Bulls Say
Strong, Diversified Backlog And BookingsLarge, growing backlog and record bookings across ~300 programs indicate durable, multi-year revenue visibility. Diversity (no single program >~10%) reduces program-concentration risk and supports steadier production revenue as design wins convert into sustained production and lifecycle services.
Margin Recovery And Improved Adjusted ProfitabilityMeaningful YoY margin expansion and positive adjusted EBITDA demonstrate improving unit economics and operational leverage as production ramps. Sustained margin improvement supports future cash generation potential and validates cost control and pricing power in defense subsystems.
Solid Cash Generation And Manageable LeverageConsistent positive operating and free cash flow despite GAAP losses indicates strong cash conversion tied to program execution. Healthy cash reserves and moderate net debt provide financial flexibility to fund capacity additions, sustainment work, and selective M&A without immediate liquidity strain.
Bears Say
GAAP Profitability Not Fully RestoredWhile operating metrics improved, persistent GAAP losses and a negative TTM net margin mean the company has not fully converted operational gains into net earnings. Continued GAAP losses can constrain retained earnings, investor confidence, and the ability to demonstrate sustained profitability.
Free Cash Flow Volatility And Recent DeclineMaterial decline and periodic quarter outflows show FCF is sensitive to working-capital timing and production staging. This volatility can impede reinvestment cadence and increases reliance on liquidity buffers; durable cash conversion is needed to fund margin-target investments and sustain capital plans.
Working-capital And Inventory Timing PressuresRamping production has raised WIP, reserves, and unbilled receivables, creating receivables and inventory timing risk. These structural supply-chain and revenue-recognition effects can compress margins and cash flow until program ramps stabilize, challenging consistent conversion of backlog into cash.
Mercury Systems News
MRCY FAQ
What was Mercury Systems’s price range in the past 12 months?
Mercury Systems lowest stock price was $49.03 and its highest was $122.17 in the past 12 months.
What is Mercury Systems’s market cap?
Mercury Systems’s market cap is $6.96B.
When is Mercury Systems’s upcoming earnings report date?
Mercury Systems’s upcoming earnings report date is Aug 18, 2026 which is in 62 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.
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 0.39.
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
Mercury Systems Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$98.60 (17.31% Upside)
$98.60 (17.31% Upside)
Blogger Sentiment
Bullish
MRCY Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 111.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.7%
Last 30 Days ▲ 9.0%
Last 30 Days ▲ 9.0%
News Sentiment
Neutral
Bullish news 59%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
127.01%
12-Months-Change
Fundamentals
Return on Equity
-0.96%
Trailing 12-Months
Asset Growth
2.77%
Trailing 12-Months
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.
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 summariesMRCY Stock 12 Month Forecast
Average Price Target
$98.60
▲(17.31% Upside)
Technical Analysis
Ownership Overview
8.28% Insiders
32.97% Mutual Funds
16.97% Other Institutional Investors
5.51% Public Companies and
Individual Investors