earnings
confidence high
sentiment positive
materiality 0.75
Mercury Systems Q3 FY26: Record bookings $348M, revenue up 11.5% YoY, adjusted EBITDA up 46.2%
MERCURY SYSTEMS INC
2026-Q3 EPS reported
-$0.51
revenue$693,840,000
- Record Q3 bookings of $348M, up 73.7% YoY; book-to-bill 1.48; backlog $1.6B, up 17.9% YoY.
- Revenue $236M, +11.5% YoY; GAAP net loss $3M ($0.04 loss per share) vs. loss of $19M ($0.33).
- Adjusted EPS $0.27 vs $0.06; adjusted EBITDA $36M, +46.2% YoY; margin 15.3%.
- Cash from operations $6M; free cash flow -$2M vs $24M prior year.
- Management cites solid execution and strong demand signals for better-than-expected results.