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Mercury Systems MRCY Q2 2026 earnings

Reported February 3, 2026 · After market close

Revenue$232.9MBeat by $22.4MDiluted EPS$0.16Beat by $0.09
Revenue estimate$210.5M
EPS estimate$0.07

Next report

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

Financials

Q2 2026

Income statement

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Revenue$232.9M+4.4%
Gross profit$60.6M-0.3%
Operating income-$10.8M+12.9%
Net income-$15.1M+14.1%
EPS (diluted)-$0.26+13.3%

Balance sheet

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Cash & equivalents$335.0M+38.1%
Total debt$642.5M-1.1%
Total equity$1.5B0.0%
Total assets$2.5B+4.2%

Cash flow

See full
Operating cash flow$51.6M-39.6%
CapEx$5.9M+66.0%
Free cash flow$45.7M-44.2%

Valuation & ratios

Valuation

as of 12/26/25
See full
Market cap$4.39B+75.2%
Enterprise value$4.7B+61.3%
P/S4.7×+1.8×

Profitability

See full
Gross margin28.2%+2.6pp
FCF margin10.5%-0.4pp

Returns & leverage

See full
Debt / equity0.4×0.0×
Current ratio3×-0.7×

Versus estimates

Revenue

Q3 2026$235.8MBeat by $27.2M
Q2 2026$232.9MBeat by $22.4M
Q1 2026$225.2MMiss by $479.3KQ4 2025$211.4MMiss by $3.4MQ3 2025$211.4MMiss by $30.4MQ2 2025$223.1MBeat by $12.5M

Diluted EPS

Q3 2026$0.27Beat by $0.21
Q2 2026$0.16Beat by $0.09
Q1 2026$0.26Beat by $0.18Q4 2025$0.47Beat by $0.26Q3 2025$0.06In lineQ2 2025$0.07Beat by $0.11

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Questions, answered.

When did Mercury Systems report Q2 2026 earnings?
Mercury Systems (MRCY) reported Q2 2026 earnings on February 3, 2026 after market close.
What were Mercury Systems's Q2 2026 revenue and EPS?
Mercury Systems reported revenue of $232.9M and diluted EPS of $0.16 for Q2 2026.
Did Mercury Systems beat estimates in Q2 2026?
Revenue beat the consensus estimate of $210.5M by $22.4M. EPS beat the consensus estimate of $0.07 by $0.09.
How did Mercury Systems's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.4% from $223.1M a year earlier and diluted EPS grew 128.6% from $0.07.
Where can I find Mercury Systems's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001049521-26-000004) and the 10-Q periodic report (0001049521-26-000006) directly on SEC EDGAR. The filing index links above go to sec.gov.