---
schema_version: "secwatch.filing_event.v1"
accession: "0001049521-24-000006"
form_type: "8-K"
ticker: "MRCY"
cik: "0001049521"
company_name: "MERCURY SYSTEMS INC"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T07:40:39.503460+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mercury Q2 FY2024 revenue $197.5M, GAAP net loss $45.6M, bookings near-record $325.4M

## Summary
- Revenue $197.5M vs $229.6M YoY; GAAP net loss ($45.6M) vs ($10.9M); GAAP EPS ($0.79) vs ($0.19).
- Adjusted EPS ($0.42) vs $0.26 YoY; adjusted EBITDA ($21.3M) vs $35.7M.
- Bookings $325.4M, book-to-bill 1.65; backlog $1.28B up $160.5M YoY.
- Operating cash flow $45.5M; free cash flow $37.5M vs $22.2M prior year.
- Consolidated operations into single unit, expects $20M annual run-rate savings.

## SEC filing metadata
- accession: 0001049521-24-000006
- form_type: 8-K
- ticker: MRCY
- cik: 0001049521
- company_name: MERCURY SYSTEMS INC
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1049521/000104952124000006/0001049521-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1049521/000104952124000006/mrcy-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001049521-24-000006
- JSON: https://secwatch.observer/filing/0001049521-24-000006.json
- Plain text: https://secwatch.observer/filing/0001049521-24-000006.txt

## Key facts
- Earnings Releases
  MERCURY SYSTEMS INC reported the second quarter ended December 29, 2023 results: revenue $197.5 million, net income ($45.6) million, EPS ($0.79).
  - Period: the second quarter ended December 29, 2023
  - Revenue: $197.5 million
  - Net income: ($45.6) million
  - EPS: ($0.79)
  - Result: reported results
  source text: --- FOR IMMEDIATE RELEASE Mercury Systems Reports Second Quarter Fiscal 2024 Results • Q2 FY24 Bookings of $325.4 million; book-to-bill ratio of 1.65 • Q2 FY24 Revenue of $197.5 million; GAAP net loss and adjusted EBITDA ($45.6) million and ($21.3) million, respectively • Q2 FY24 Cash flow from operations of $45.5 million, free cash flow $37.5 million ANDOVER,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049521/000104952124000006/0001049521-24-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.