Mercury Systems (MRCY) reported earnings 30 days ago. What's next for the stock?
Mercury Systems delivered strong Q1 results, driven by a $20M sales pull-forward, higher-margin backlog, and operational improvements. MRCY expects near-term revenue softness but forecasts robust margin and EBITDA growth through FY28, supported by automation and expanding defense demand. The price target is adjusted slightly to $84.49, with long-term upside supported by improved EBITDA, free cash flow, and a $200M share buyback program.
Mercury Systems, Inc. ( MRCY ) Q1 2026 Earnings Call November 4, 2025 5:00 PM EST Company Participants Tyler Hojo - VP of Investors Relations William Ballhaus - President, CEO & Chairman David Farnsworth - Executive VP & CFO Conference Call Participants Kenneth Herbert - RBC Capital Markets, Research Division Peter Arment - Robert W. Baird & Co. Incorporated, Research Division Austin Moeller - Canaccord Genuity Corp., Research Division Jonathan Ho - William Blair & Company L.L.C.
| - Industry | - Sector | William L. Ballhaus CEO | XBER Exchange | US5893781089 ISIN |
| US Country | 2,364 Employees | - Last Dividend | 21 Dec 1999 Last Split | 30 Jan 1998 IPO Date |
Mercury Systems, Inc., established in 1981 and rebranded from Mercury Computer Systems, Inc. in November 2012, operates as a pivotal technology entity within the aerospace and defense sectors. The company's footprint spans across the United States, Europe, and the Asia Pacific, servicing approximately 300 programs through collaborations with 25 defense contractors and commercial aviation customers. Anchored in Andover, Massachusetts, Mercury Systems is dedicated to the design, manufacture, and marketing of a wide array of components, products, modules, and subsystems tailored to meet the rigorous demands of its clientele in defense and aerospace industries.
Mercury Systems, Inc. provides a vast portfolio of products and services designed to address the multifaceted needs of the aerospace and defense industries: