earnings
confidence high
sentiment positive
materiality 0.70
Mercury Systems Q2 FY26 revenue $233M, net loss narrows to $15M, adjusted EBITDA up 36%
MERCURY SYSTEMS INC
2026-Q2 EPS reported
-$0.47
revenue$458,081,000
- GAAP net loss of $15M ($0.26 loss per share) vs loss of $18M ($0.30) a year ago; loss narrowed.
- Revenue of $233M, up 4.5% YoY; bookings $288M (1.23 book-to-bill); record backlog $1.5B.
- Adjusted EBITDA $30M (12.9% margin), up 36.3% YoY; adjusted EPS $0.16 vs $0.07.
- Operating cash flow $52M; free cash flow $46M, down from $82M a year ago.