earnings
confidence high
sentiment neutral
materiality 0.75
Mercury Systems Q2 FY2025 revenue $223.1M, up 13% YoY; adjusted EBITDA $22.0M; workforce reduction of 145 positions
MERCURY SYSTEMS INC
2025-Q2 EPS
reported -$0.60
vs consensus $0.23
▼ miss
(-361.4%)
- Q2 FY2025 revenue $223.1M (+13% YoY); GAAP net loss $17.6M ($0.30 loss per share), improved from $45.6M loss ($0.79) YoY.
- Adjusted EPS $0.07 vs $(0.42) YoY; adjusted EBITDA $22.0M (9.9% margin) vs $(21.3M) a year ago.
- Record backlog $1.4B, up 6% YoY; bookings $242.4M, book-to-bill 1.09; record free cash flow $81.9M, up $44.4M YoY.
- Workforce reduction of ~145 positions (primarily R&D and COGS) expected to yield ~$15M annualized savings, with ~$5M restructuring charges in Q3 FY2025.