Mercury Systems, Inc. (MRCY) Stock: Price, Forecast & Analyst Target
Mercury Systems, Inc. (MRCY) — MoonshotScore 50/100 (Fair band), calculated Oct 5, 2026. Price $84.87 (+0.95%), as of the Oct 2, 2026 trading session; market cap $5.10B. Expected results Nov 3, 2026.
Educational signal · not a buy or sell recommendation · How to read this
Market value / cash and short-term investments: 23.80× (market value Oct 2, 2026; cash Jul 3, 2026) · expected results Nov 3, 2026
Mercury Systems, Inc. · MRCY · NASDAQ · Industrials · Aerospace & Defense
Research dated 2026-09-13: Mercury Systems designs and manufactures specialized components, modules, and subsystems embedded in military electronics across command-and-control, radar, and signal processing applications. The deciding factor is whether the company can reach sustained profitability as defense spending remains elevated and order momentum carries through execution.
Price as of Oct 2, 2026
Key Statistics
MoonshotScore v2 · Mercury Systems (MRCY)
FairWhy this rating? Method, drivers & history
Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.
- Business Quality — Is this a genuinely good business?
- Financial Safety — Could this blow up on me?
- Valuation — Am I paying a fair price?
- Growth Durability — Is the growth real and likely to last?
- Momentum — Is the market already moving on this?
An expensive valuation, though quality and growth are only middling. Business Quality: Average; Financial Safety: Okay; Valuation: Bubble; Growth Durability: Flat; Momentum: Quiet.
Enterprise value relative to EBITDA is the main valuation drag relative to sector peers.
- quarterly revenue $290M (Q4 FY2026, quarter ended Jul 2026)
- EPS beat 6 of 8
- Altman Z 4.56 · Piotroski F 4
Holding back: a rich price
What has the MoonshotScore done over time?
| Recorded | Score | Band |
|---|---|---|
| 50 | Fair | |
| 49 | Fair | |
| 50 | Fair | |
| 50 | Fair | |
| 49 | Fair | |
| 49 | Fair |
The score moved from 49 in the stored Oct 4, 2026 snapshot to 50 in the current publication computed Oct 5, 2026 (+1); the largest pillar moves were Growth Durability +1. This current publication is not yet represented in the immutable snapshot archive.
Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.
Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →
Price & valuation
| Measure | Value | As of |
|---|---|---|
| Latest provided price | $84.87 | |
| Change on the day | +0.95% | |
| 52-week range | $65.04 – $128.45 | |
| Market capitalisation | $5.10B | |
| Shares traded on the day | 549.4K | |
| Beta (volatility vs the S&P 500) | 0.98 |
Price & events
Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.
Events behind the price
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings call · management outlook
- · Earnings results · below the recorded estimate
Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.
Upcoming events
Management outlook
For FY 2027, we expect revenue growth approaching double digits year over year with total revenue approaching $1.1 billion.
William L. Ballhaus · Statement from
We expect adjusted EBITDA margin in the high teens and adjusted EBITDA approaching $200 million for the full year, reflecting nearly 30% year over year growth.
William L. Ballhaus · Statement from
Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.
Read management statementsOther perspectives
Council score for Mercury Systems (MRCY): perspectives
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
5-Factor Breakdown
Legends Council
5 lenses, 0 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Sep 27, 2026 · older than the 27 hours refresh window; not a current reading
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Sep 27, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Sep 27, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.
Readings on this page are from Oct 5, 2026, except a card that shows its own read date.
Watch the MRCY film — every key number, told as a short cinematic story
~2 min · open the film
What is Mercury Systems (MRCY), and what does it report?
Short answer · as of
Mercury supplies RF power amplifiers, receivers, digital converters, memory systems, and integrated assemblies to defense contractors.
Research dated 2026-09-13.
Mercury supplies RF power amplifiers, receivers, digital converters, memory systems, and integrated assemblies to defense contractors. These components sit inside radar systems, aircraft avionics, ship combat systems, and unmanned aerial vehicle payloads. Revenue rises with defense program funding, production rate decisions by prime contractors, and new platform adoption. Operating cash flow measures cash after manufacturing costs, independent of non-cash charges like amortization that depress reported earnings; the company recently moved into positive operating cash generation despite book losses.
What do the latest results show for Mercury Systems (MRCY)?
Short answer · as of
The most recent reported quarter, Q4 FY2026, carried revenue of $290M.
Research dated 2026-09-13.
The most recent quarter showed both revenue and earnings exceeding consensus estimates, marking a string of consecutive beats. Gross margins compressed modestly from the prior period due to product mix and supply chain normalization. Operating performance swung toward profitability at the operating line despite continued net losses driven by acquisition-related amortization. The company's cash generation strengthened as working capital benefited from business stabilization and improved collections.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
- Latest quarter · revenue
- $289.78M Jul 3, 2026
- Latest quarter · R&D
- $16.16M Jul 3, 2026
- Latest quarter · SG&A
- $46.03M Jul 3, 2026
- Latest quarter · FMP standardized operating result
- $17.01M Jul 3, 2026
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Jul 3, 2026 | $289.78M | $16.16M | $46.03M | $17.01M |
| Mar 27, 2026 | $235.76M | $15.01M | $39.14M | $7.46M |
| Dec 26, 2025 | $232.87M | $15.38M | $42.14M | −$10.82M |
| Sep 26, 2025 | $225.21M | $13.18M | $45.91M | −$8.60M |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Did results meet expectations?
Reported earnings and revenue alongside the estimates recorded by the provider.
- Latest report · revenue
- $289.78M Aug 18, 2026
- Latest report · revenue estimate
- $266.09M Aug 18, 2026
- Latest report · revenue vs estimate
- Above estimate Aug 18, 2026
- Latest report · EPS vs estimate
- Below estimate Aug 18, 2026
| Report date | Revenue · reported | Revenue · estimate | EPS · reported | EPS · estimate |
|---|---|---|---|---|
| Aug 18, 2026 | $289.78M | $266.09M | $0.3700 | $0.3827 |
| May 5, 2026 | $235.76M | $208.56M | $0.2700 | $0.0600 |
| Feb 3, 2026 | $232.87M | $210.51M | $0.1600 | $0.0700 |
| Nov 4, 2025 | $225.21M | $205.92M | $0.2600 | $0.0800 |
Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q4 FY2026 | $290M | $798,000 | $0.01 (diluted) |
| Q3 FY2026 | $236M | -$3M | -$0.05 (diluted) |
| Q2 FY2026 | $233M | -$15M | -$0.26 (diluted) |
| Q1 FY2026 | $225M | -$13M | -$0.21 (diluted) |
What are the financial strengths and risks for Mercury Systems (MRCY)?
Short answer
Cash and short-term investments were $214.31M at the Jul 3, 2026 balance-sheet date. Operating cash flow was $42.15M for the quarter ended Jul 3, 2026, meaning operations generated cash. These figures do not establish a cash runway.
Research dated 2026-09-13.
The balance sheet features substantial liquidity and declining leverage. Cash covers multiple quarters of operating expenses and debt service remains manageable relative to cash generation. The principal financial risk is a decline in defense orders or production rates, which would compress utilization and force margin-damaging price competition. Research and development spending remains elevated as the company modernizes product lines to support next-generation platforms.
How much cash does the business generate or use?
Quarterly operating cash flow shows cash generated or used by operations.
- Latest quarter · operating cash flow
- $42.15M Jul 3, 2026
- Previous quarter · operating cash flow
- $6.44M Mar 27, 2026
| Period end | Operating cash flow | Capital expenditure (reported) |
|---|---|---|
| Jul 3, 2026 | $42.15M | −$13.59M |
| Mar 27, 2026 | $6.44M | −$8.26M |
| Dec 26, 2025 | $48.46M | −$5.90M |
| Sep 26, 2025 | $2.18M | −$6.55M |
Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.
USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.
What should you watch next at Mercury Systems (MRCY)?
Short answer · as of
The next earnings report is expected on Nov 3, 2026.
Research dated 2026-09-13.
Track gross margin trends in upcoming quarterly reports; further compression would signal pricing pressure or unfavorable mix. Monitor defense contractor inventory levels and order placement patterns as they signal future production demand. Watch for sustained operating cash flow conversion and whether book losses narrow as acquisition costs stabilize. Recent analyst rating actions suggest conviction in the turnaround trajectory, but consensus remains mixed.
What management is planning
Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.
For FY 2027, we expect revenue growth approaching double digits year over year with total revenue approaching $1.1 billion.
William L. Ballhaus ·
We expect adjusted EBITDA margin in the high teens and adjusted EBITDA approaching $200 million for the full year, reflecting nearly 30% year over year growth.
William L. Ballhaus ·
We will also be providing fiscal year 2028 reference points today which along with our target profile should not be construed as financial guidance and speak only as of today.
Tyler Hojo ·
We anticipate Q1 revenue to be the lowest of the year and up high single digits year over year with revenue increasing through the balance of the year.
William L. Ballhaus ·
How does Mercury Systems compare with its peers?
Short answer
Mercury Systems's score ranks 5th of 6 in the bounded comparison shown, against 5 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.
Research dated 2026-09-13.
Defense component suppliers all depend on government spending and prime contractor fortunes. Mercury stands distinct through its long customer relationships spanning multiple platforms and geographies, serving European and Asia-Pacific aerospace and defense industries alongside North American prime contractors. This diversification across program types—from legacy platform sustainment to new platform development—buffers against concentration risk.
| Company | Price | Market value | Score |
|---|---|---|---|
| $196.30 Oct 2, 2026 | $7.16B | 88 5-pillar Oct 5, 2026 | |
| $196.10 Oct 2, 2026 | $7.14B | 78 5-pillar Oct 5, 2026 | |
| $124.05 Oct 5, 2026 | $6.33B | 75 5-pillar Oct 5, 2026 | |
| $18.14 Oct 2, 2026 | $4.43B | 62 5-pillar Oct 5, 2026 | |
| Mercury Systems (MRCY) — this page | $84.87 | $5.10B | 50 |
| $17.50 Oct 2, 2026 | $5.83B | 17 5-pillar Oct 5, 2026 | |
| $167.28 Date unavailable | $4.69B | — Model unavailable | |
| $34.14 Date unavailable | $4.52B | — Model unavailable | |
| $62.38 Date unavailable | $5.84B | — Model unavailable | |
| $102.51 Date unavailable | $4.09B | — Model unavailable | |
| $85.74 Date unavailable | $6.48B | — Model unavailable | |
| $21.07 Date unavailable | $7.01B | — Model unavailable | |
| $140.82 Date unavailable | $7.13B | — Model unavailable |
Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
The records behind this page
Analyst targets & estimates
What analysts have on file
- Price target, low to high
- $68.00 – $131.00
- Consensus target
- $115.88
- Median target
- $120.00
Consensus record · Captured .
Measured against a quoted price of $84.87 (as of Oct 2, 2026).
Insider activity
Form 4 records via FMP · Of the newest 100 records, those within the last 180 days, newest dated Sep 21, 2026
- Transactions
- 57
- Identified insiders
- 8
- Purchases
- 0
- Sales
- 36
- Other transactions
- 21
Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
Who holds the shares?
Institutional ownership reported through 13F filings.
- Reporting holders
- 409 Period end Jun 30, 2026
- Previous quarter · holders
- 368 Prior to period end Jun 30, 2026
| Holders in provider snapshot | Shares |
|---|---|
| Blackrock, INC. | 9,370,902 |
| Jana Partners Management, LP | 3,958,849 |
| State Street Corp | 3,418,290 |
| Vanguard Portfolio Management LLC | 3,031,459 |
| Invesco Ltd. | 2,669,450 |
Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.
What has been published about Mercury Systems (MRCY)?
What Investors Ask About Mercury Systems (MRCY) — Industrials
Research dated 2026-09-13; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.
What makes command-and-control components different from radar components?
Command-and-control systems connect ships, aircraft, and ground stations through signal processing and data routing; radar systems detect and track objects. Mercury supplies to both segments, but command-and-control carries higher volume and more stable production, while radar is more design-intensive with longer development cycles.
Why is the company profitable on cash but not on accounting earnings?
Acquisition-related amortization of intangibles creates non-cash charges that exceed current operating losses. As acquisition goodwill amortizes over coming years, reported earnings will improve without requiring additional operational improvement. Operating cash flow reflects the actual cash the business generates independent of these accounting adjustments.
How concentrated is revenue in the largest customer?
The company serves approximately three hundred defense programs across twenty-five prime contractors and systems integrators. No customer concentration data is disclosed, but the customer count and program breadth suggest manageable dependency on any single buyer or platform.
What does the insider selling activity suggest?
Net insider sales over the measurement window are modest relative to total float, suggesting portfolio rebalancing rather than conviction-based exit activity. Institutional ownership expanded in the most recent quarter, and recent analyst upgrades have lifted visibility among large funds.
What is the MRCY stock price today?
The last price recorded on this page for Mercury Systems, Inc. (MRCY) is $84.87, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
What is the MRCY price target?
The analyst consensus price target for Mercury Systems, Inc. (MRCY) is $115.88 (range $68.00 to $131.00, median $120.00), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Claude (claude-haiku-4-5) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (81 figures)
The 81 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 2 facts from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
prod.outlook | Management outlook — call excerpts | William L. Ballhaus (Aug 18, 2026): For FY 2027, we expect revenue growth approaching double digits year over year with total revenue approaching $1.1 billion. William L. Ballhaus (Aug 18, 2026): We expect adjusted EBITDA margin in the high teens and adjusted EBITDA approaching $200 million for the full year, reflecting nearly 30% year over year growth. Tyler Hojo (Aug 18, 2026): We will also be providing fiscal year 2028 reference points today which along with our target profile should not be construed as financial guidance and speak only as of today. William L. Ballhaus (Aug 18, 2026): We anticipate Q1 revenue to be the lowest of the year and up high single digits year over year with revenue increasing through the balance of the year. | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | |
id.hq | SEC filing business address | Andover, MA | OFFICIAL | SEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "50 Minuteman Road, Andover, MA, 01810, US". |
FMP — 70 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.next | Next earnings date | Nov 3, 2026 | FMP | Financial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it. | |
px.last | Latest provided price | $84.87 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T21:14:20.930Z. | |
px.change | Change on the day | +0.95% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalisation | $5.10B | FMP | Financial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:01.000Z. Captured from FMP at 2026-10-04T21:14:19.875Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | +$0.80 | FMP | Financial Modeling Prep (FMP) · quote | |
fin.q_revenue | Revenue, Q4 FY2026 | $290M | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
px.volume | Shares traded on the day | 549.4K | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | 0.98 | FMP | Financial Modeling Prep (FMP) company profile | |
id.ceo | Chief executive | William L. Ballhaus | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it. | |
id.employees | Employees | 2,102 | FMP | Financial Modeling Prep (FMP) employee count, from the company's filing | |
fin.annual | Revenue and net result by fiscal year | 5 fiscal years, FY2022 through FY2026: FY2022 revenue $973.88M, net result −$28.33M; FY2023 revenue $973.88M, net result −$28.33M; FY2024 revenue $835.28M, net result −$137.64M; FY2025 revenue $912.02M, net result −$37.90M; FY2026 revenue $983.62M, net result −$29.67M | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.rev_mix | Reported revenue segments | C4I Applications $399.75M · Other End User Applications $136.08M · Radar End User Applications $188.82M · Other Sensor And Effector Applications $145.69M · Total Sensor And Effector Applications $447.79M | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K | |
fin.gross_margin | Gross margin (trailing twelve months) | 26.7% | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.q_table.depth.2026-07-03.revenue_k | Revenue — period end 2026-07-03 | $289.78M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-07-03.rd_k | R&D — period end 2026-07-03 | $16.16M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-07-03.sga_k | SG&A — period end 2026-07-03 | $46.03M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-07-03.operating_result_k | FMP standardized operating result — period end 2026-07-03 | $17.01M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-27.revenue_k | Revenue — period end 2026-03-27 | $235.76M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-27.rd_k | R&D — period end 2026-03-27 | $15.01M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-27.sga_k | SG&A — period end 2026-03-27 | $39.14M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-27.operating_result_k | FMP standardized operating result — period end 2026-03-27 | $7.46M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-26.revenue_k | Revenue — period end 2025-12-26 | $232.87M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-26.rd_k | R&D — period end 2025-12-26 | $15.38M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-26.sga_k | SG&A — period end 2025-12-26 | $42.14M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-26.operating_result_k | FMP standardized operating result — period end 2025-12-26 | −$10.82M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-26.revenue_k | Revenue — period end 2025-09-26 | $225.21M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-26.rd_k | R&D — period end 2025-09-26 | $13.18M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-26.sga_k | SG&A — period end 2025-09-26 | $45.91M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-26.operating_result_k | FMP standardized operating result — period end 2025-09-26 | −$8.60M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
earn.history.depth.2026-08-18.revenue_actual | Revenue · reported — report date 2026-08-18 | $289.78M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-18.revenue_estimated | Revenue · estimate — report date 2026-08-18 | $266.09M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-18.eps_actual | EPS · reported — report date 2026-08-18 | $0.3700 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-18.eps_estimated | EPS · estimate — report date 2026-08-18 | $0.3827 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-05.revenue_actual | Revenue · reported — report date 2026-05-05 | $235.76M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-05.revenue_estimated | Revenue · estimate — report date 2026-05-05 | $208.56M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-05.eps_actual | EPS · reported — report date 2026-05-05 | $0.2700 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-05.eps_estimated | EPS · estimate — report date 2026-05-05 | $0.0600 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-03.revenue_actual | Revenue · reported — report date 2026-02-03 | $232.87M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-03.revenue_estimated | Revenue · estimate — report date 2026-02-03 | $210.51M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-03.eps_actual | EPS · reported — report date 2026-02-03 | $0.1600 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-03.eps_estimated | EPS · estimate — report date 2026-02-03 | $0.0700 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-04.revenue_actual | Revenue · reported — report date 2025-11-04 | $225.21M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-04.revenue_estimated | Revenue · estimate — report date 2025-11-04 | $205.92M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-04.eps_actual | EPS · reported — report date 2025-11-04 | $0.2600 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-04.eps_estimated | EPS · estimate — report date 2025-11-04 | $0.0800 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
fin.q_table | Quarterly income statement | 4 quarters through Q4 FY2026 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $214.31M | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. | |
fin.opcf_latest | Latest-quarter operating cash flow | $42.15M | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-07-03. Negative operating cash flow means cash used. This figure is not a cash-runway estimate. | |
fin.long_term_investments | Long-term investments (classification unverified) | $0.00 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.total_debt | Total debt | $500.92M | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.price_to_book | Price to book value | 3.38× | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.opcf.depth.2026-07-03.operating_cash_flow_m | Operating cash flow — period end 2026-07-03 | $42.15M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-27.operating_cash_flow_m | Operating cash flow — period end 2026-03-27 | $6.44M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-07-03.capex_m | Capital expenditure (reported) — period end 2026-07-03 | −$13.59M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-27.capex_m | Capital expenditure (reported) — period end 2026-03-27 | −$8.26M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-26.operating_cash_flow_m | Operating cash flow — period end 2025-12-26 | $48.46M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-26.capex_m | Capital expenditure (reported) — period end 2025-12-26 | −$5.90M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-26.operating_cash_flow_m | Operating cash flow — period end 2025-09-26 | $2.18M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-26.capex_m | Capital expenditure (reported) — period end 2025-09-26 | −$6.55M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
earn.pt_range | Analyst price target, low to high | $68.00 – $131.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
earn.pt_consensus | Consensus analyst price target | $115.88 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
earn.pt_median | Median analyst price target | $120.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied | |
own.insiders | Insider transactions via FMP | 57 transactions · 0 purchases, 36 sales, 21 other transactions · 8 identified insiders · of the newest 100 records, those within the last 180 days, newest dated Sep 21, 2026 | FMP | Financial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent. | |
own.institutions.depth.holders | Reporting holders | 409 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.holders_previous_quarter | Previous quarter · holders | 368 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.top_holders.depth.holder_0.shares | Blackrock, INC. — shares in provider snapshot | 9,370,902 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_1.shares | Jana Partners Management, LP — shares in provider snapshot | 3,958,849 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_2.shares | State Street Corp — shares in provider snapshot | 3,418,290 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_3.shares | Vanguard Portfolio Management LLC — shares in provider snapshot | 3,031,459 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_4.shares | Invesco Ltd. — shares in provider snapshot | 2,669,450 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. |
UNRECORDED — 3 facts from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.history | Reported versus estimated, recent quarters | EPS beat 6 of 8 | UNRECORDED | Stored earnings-history observation — Captured 2026-10-05 | |
fin.scores | Distress and quality screens | Altman Z 4.56 · Piotroski F 4 | UNRECORDED | Stored financial-scores observation — Captured 2026-10-04 · Expired observation | |
px.range52 | 52-week range | $65.04 – $128.45 | UNRECORDED | Stored company-profile observation — Captured 2026-10-05 |
COMPUTED — 3 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.mcap_to_cash | Market value per dollar of cash and short-term investments | 23.80× | — | COMPUTED | Computed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $214.31M at Jul 3, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-07-03. The inputs do not establish a single common source date for this ratio. |
earn.history.depth.2026-08-18.revenue_actual.comparison | Latest report · revenue vs estimate | Above estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($289.78M) with the recorded estimate ($266.09M) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
earn.history.depth.2026-08-18.eps_actual.comparison | Latest report · EPS vs estimate | Below estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($0.3700) with the recorded estimate ($0.3827) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
OURS — 3 facts from Stock Expert AI's own score and rank
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
ours.moonshot | MoonshotScore v2 | 50 of 100 · Fair · pillars 41 / 57 / 19 / 42 / 43 | OURS | Stock Expert AI MoonshotScore v2 engine | |
ours.valuation_driver | Recorded valuation score driver | Enterprise value relative to EBITDA is the main valuation drag relative to sector peers. | OURS | Stock Expert AI MoonshotScore v2 engine · stored factor contributions | |
ours.moonshot_change | MoonshotScore movement | 49 (stored snapshot Oct 4, 2026) → 50 (current publication computed Oct 5, 2026) (+1) | OURS | Stock Expert AI current score publication and immutable score snapshots — The current score publication is not yet represented in the immutable snapshot archive. |
Fact-family notes
- Quarterly statement note. Source series as of 2026-07-03. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs:
fin.q_table.depth.2026-07-03.revenue_k,fin.q_table.depth.2026-07-03.rd_k,fin.q_table.depth.2026-07-03.sga_k,fin.q_table.depth.2026-07-03.operating_result_k,fin.q_table.depth.2026-03-27.revenue_k,fin.q_table.depth.2026-03-27.rd_k,fin.q_table.depth.2026-03-27.sga_k,fin.q_table.depth.2026-03-27.operating_result_k,fin.q_table.depth.2025-12-26.revenue_k,fin.q_table.depth.2025-12-26.rd_k,fin.q_table.depth.2025-12-26.sga_k,fin.q_table.depth.2025-12-26.operating_result_k,fin.q_table.depth.2025-09-26.revenue_k,fin.q_table.depth.2025-09-26.rd_k,fin.q_table.depth.2025-09-26.sga_k,fin.q_table.depth.2025-09-26.operating_result_k. - Earnings-history note. Source series as of 2026-08-18. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs:
earn.history.depth.2026-08-18.revenue_actual,earn.history.depth.2026-08-18.revenue_estimated,earn.history.depth.2026-08-18.revenue_actual.comparison,earn.history.depth.2026-08-18.eps_actual.comparison,earn.history.depth.2026-08-18.eps_actual,earn.history.depth.2026-08-18.eps_estimated,earn.history.depth.2026-05-05.revenue_actual,earn.history.depth.2026-05-05.revenue_estimated,earn.history.depth.2026-05-05.eps_actual,earn.history.depth.2026-05-05.eps_estimated,earn.history.depth.2026-02-03.revenue_actual,earn.history.depth.2026-02-03.revenue_estimated,earn.history.depth.2026-02-03.eps_actual,earn.history.depth.2026-02-03.eps_estimated,earn.history.depth.2025-11-04.revenue_actual,earn.history.depth.2025-11-04.revenue_estimated,earn.history.depth.2025-11-04.eps_actual,earn.history.depth.2025-11-04.eps_estimated. - Cash-flow note. Source series as of 2026-07-03. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs:
fin.opcf.depth.2026-07-03.operating_cash_flow_m,fin.opcf.depth.2026-03-27.operating_cash_flow_m,fin.opcf.depth.2026-07-03.capex_m,fin.opcf.depth.2026-03-27.capex_m,fin.opcf.depth.2025-12-26.operating_cash_flow_m,fin.opcf.depth.2025-12-26.capex_m,fin.opcf.depth.2025-09-26.operating_cash_flow_m,fin.opcf.depth.2025-09-26.capex_m.
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Sources used for research written 2026-09-13
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Business description | 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. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) company profile |
| Revenue by segment | C4I Applications: $399.75M; Other End User Applications: $136.08M; Radar End User Applications: $188.82M; Other Sensor And Effector Applications: $145.69M; Total Sensor And Effector Applications: $447.79M | 2026-07-03 | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K |
| Reported versus estimated, last 8 quarters | Captured record · 8 entries
| 2026-08-18 | FMP | Financial Modeling Prep (FMP) earnings |
| Operating cash flow by quarter (USD millions) | Captured record · 8 entries
| 2026-07-03 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Quarterly income statement (USD thousands) | Captured record · 8 entries
| 2026-07-03 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Cash, investments and debt | Total debt: $500.92M; Liquidity basis: cash and short-term investments; Total liabilities: $825.32M; Cash and short-term investments: $214.31M; Cash and investments: $214.30M; Long-term investments: $0; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-07-03 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Trailing twelve-month ratio set | Quick ratio: 1.85; Current ratio: 2.96; Debt to equity: 0.33; Net margin: -3%; Gross margin: 26.7%; Operating margin: 0.5%; Return on assets: -1.3%; Return on equity: -2% Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm |
| Cash against market value | As of: 2026-07-03; Cash basis: cash and short-term investments; Net cash: -$286.60M; Total debt: $500.90M; Cash and investments: $214.30M Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them. | 2026-07-03 | COMPUTED | Computed from the balance sheet and the latest market capitalization |
| Next earnings report | Date: 2026-11-03; EPS estimate: $0.28 per share; Revenue estimate: $245.01M The date is our provider's estimate until the company confirms it. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) earnings calendar |
| Analyst actions, most recent per firm | Captured record · 10 entries
One row per firm — the firm's most recent action in our feed. Other data vendors may carry firms ours does not. | 2026-08-20 | FMP | Financial Modeling Prep (FMP) analyst grades |
| Distress and quality screens | Altman Z-score: 4.37; Piotroski F-score: 4 Altman Z below 1.8 is the conventional distress zone. The screen is built for manufacturers and industrials; for banks, insurers and property companies it is not a meaningful reading. | 2026-09-13 | FMP | Financial Modeling Prep (FMP) financial scores |
| Largest 5 institutional holders | Captured record · 5 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings |
| Institutional ownership (13F) | Holders: 408; Quarter: 2026-06-30; Holders previous quarter: 368 13F filings are quarterly and lag the quarter end by up to 45 days. | 2026-06-30 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings |
| Analyst revenue and earnings estimates (average) | Captured record · 4 entries
| 2026-09-13 | FMP | Financial Modeling Prep (FMP) analyst estimates |
| Annual revenue and net result (USD millions) | Captured record · 5 entries
| 2026-07-03 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements |
| Insider transactions, last 180 days | Net shares: -567,880; Window days: 180; Price low: $42; Clustered days: 2026-08-14; 2026-08-17; 2026-08-18; 2026-08-19; 2026-08-20; 2026-08-21; Price high: $111.36; Buy transactions: 0; Distinct insiders: 8; Sell transactions: 35; Other transactions: 16; Total transactions: 51; Other transaction types: A-Award: 2, D-Return: 4, M-Exempt: 10; Unknown direction transactions: 0 Purchase and sale counts require explicit provider transaction types, without a conflicting acquisition/disposition direction. Other transactions retain their provider type; awards, exercises, gifts and in-kind transactions are not counted as purchases or sales. Net shares sums acquired minus disposed shares across direction-known records, including other transaction types; unknown directions are excluded. It is not net purchases or a verified change in beneficial ownership. Named-insider counts, same-day clusters and positive reported prices cover all retained records. Filing dates are used only when transaction dates are absent. Neither timing nor price establishes motive or whether a transaction was on the open market. | 2026-09-03 | FMP | Financial Modeling Prep (FMP) insider transactions, from Form 4 filings |
Data provided for informational purposes only.
ETFs that hold MRCY
Funds in our ETF coverage that list MRCY among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.
| ETF | Weight | Holdings as of |
|---|---|---|
| GSC ETF | 1.51% |