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Mercury Systems

MRCY

Mercury Systems is a leading technology company that provides mission-critical processing solutions for the aerospace and defense industry.

Market cap
$5.94B+87.9%
Revenue$966.9M+9.0%
Net income-$49.6M+45.1%
Free cash flow$73.5M-49.8%
EPS (diluted)-$0.84+45.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 10, 2026 (In 2 weeks)
Revenue estimate$266.2M
EPS estimate$0.38

Financials

Q3 2026

Income statement

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Revenue$235.8M+11.5%
Gross profit$69.1M+20.9%
Operating income$5.2M+130%
Net income-$2.9M+85.1%
EPS (diluted)-$0.04+87.9%

Balance sheet

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Cash & equivalents$331.8M+23.0%
Total debt$639.8M-1.1%
Total equity$1.5B+1.8%
Total assets$2.5B+2.8%

Cash flow

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Operating cash flow$6.4M-78.5%
CapEx$8.3M+39.7%

Valuation & ratios

Valuation

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Market cap$5.92B+87.9%
Enterprise value$6.23B+78.1%
P/S6.1×+2.7×

Profitability

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Gross margin28.7%+1.3pp

Returns & leverage

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Debt / equity0.4×0.0×
Current ratio3.2×-0.3×

Competitors

Profile

Mercury Systems is a leading technology company that provides mission-critical processing solutions for the aerospace and defense industry. The company specializes in adapting commercial silicon technology for use in high-performance, ruggedized environments, delivering a processing platform that spans from radio frequency front ends to human-machine interfaces. Its core value proposition lies in providing secure, open-architecture subsystems that accelerate the deployment of advanced capabilities like AI and electronic warfare.

Competitive position

A leading Tier 2 and Tier 3 defense technology provider specializing in the 'commercial-to-defense' adaptation of high-performance processing.

GeographiesUnited States, United Kingdom, Spain, Switzerland
Customer segmentsDefense prime contractors, Government agencies, Commercial aerospace companies
Business modelHardware manufacturing, Systems integration, Research and development
SuppliersCommercial silicon providers, FPGA manufacturers, GPU designers, Contract manufacturers
CustomersTier 1 Defense Prime Contractors, Department of Defense (DoD), Commercial Aircraft OEMs, Foreign Military Sales (FMS) customers
Listed1998
Employees2.5K
CEOWilliam L. Ballhaus
Websitemrcy.com
FilingsSEC EDGAR

Questions, answered.

What is Mercury Systems's market cap?
Mercury Systems (MRCY) has a market capitalization of $5.9B and trades on NASDAQ.
What is Mercury Systems's revenue and profitability?
Mercury Systems generated $966.9M in trailing twelve-month revenue with a net loss of $49.6M, representing a net margin of -7.3%. Gross margin stands at 28.7%, with free cash flow of $73.5M. These figures are based on the Q1 2026 filing.
Who are Mercury Systems's competitors?
Mercury Systems's key competitors include RTX Corporation, Curtiss-Wright, Lockheed Martin, and others. These companies compete in similar markets and product categories.
Who does Mercury Systems partner with?
Mercury Systems's notable partners include Intel, Altera, AMD, and others.
What subsidiaries does Mercury Systems have?
Mercury Systems's subsidiaries include Atlanta Micro, Inc., Pentek Technologies LLC, Physical Optics Corporation, and others.
Where is Mercury Systems headquartered?
Mercury Systems is headquartered in United States of America and employs approximately 2,457 people. It has been publicly traded since 1998.