Mercury Systems, Inc. reported consolidated revenues of $983.6 million for the fiscal year ending July 3, 2026, marking a 7.9% increase from $912.0 million in the previous fiscal year. The company experienced a net loss of $29.7 million, an improvement from a net loss of $37.9 million in fiscal 2025. The diluted loss per share also improved to $(0.50) from $(0.65) year-over-year. Adjusted earnings per share rose to $1.06, up from $0.64, while adjusted EBITDA increased to $150.2 million from $119.4 million, reflecting a positive trend in operational performance.
The company undertook several strategic initiatives during the fiscal year, including the acquisition of a specialized manufacturing provider to enhance production capabilities. Additionally, Mercury Systems entered into a new $100 million Receivables Purchase Agreement to improve cash flow management. The company also executed a share repurchase program, authorizing the buyback of up to $200 million of its common stock, with $185 million remaining available for future repurchases as of the end of the fiscal year.
Operationally, Mercury Systems reported a total employee count of 2,102, with significant reductions in workforce leading to annualized savings of approximately $15 million. The company’s backlog of orders reached approximately $1.9 billion, up from $1.4 billion in the previous year, indicating strong demand for its products and services. The company’s revenue growth was driven by increases in its modules and sub-assemblies, components, and integrated solutions product lines, particularly in applications related to radar, electronic warfare, and command, control, communications, computers, and intelligence (C4I).
Looking ahead, Mercury Systems remains focused on leveraging its technological capabilities to capture growth opportunities in the defense electronics market, which is projected to expand significantly. The company anticipates continued demand for its products, particularly in light of geopolitical tensions and increased defense spending. However, it also acknowledges potential risks, including supply chain challenges and the need for ongoing investment in research and development to maintain its competitive edge. The company’s management expressed confidence in its ability to navigate these challenges while delivering value to stakeholders.
About MERCURY SYSTEMS INC
Mercury Systems designs and manufactures mission-critical electronic processing solutions for aerospace and defense markets. Its products include components, modules, and integrated systems used in radar, electronic warfare, sensors, and command systems. Serving global defense primes, government agencies, and commercial aerospace, the company emphasizes open standards, security, and rapid innovation to deliver secure, adaptable, and high-performance solutions for demanding operational environments.
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