secwatch.observer — SEC 8-K summary
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Issuer:     MERCURY SYSTEMS INC (MRCY)
CIK:        0001049521
Form:       8-K
Filed at:   2026-11-10T21:01:58+00:00
Accession:  0001049521-26-000096
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Mercury Systems Q1 FY27 revenue $253M, +12.4% YoY; bookings $370M, +48%; raises FY27 outlook
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- Revenue $253M vs $225M a year ago, up 12.4%; GAAP net income $13M ($0.21 EPS) vs $13M loss ($0.21 loss).
- Adjusted EPS $0.52 vs $0.26; adjusted EBITDA $56M, up 58.6%, at 22.3% margin; bookings $370M, book-to-bill 1.46.
- Backlog approaching $2.1B, up 44.7% YoY (+$637M); next-12-month backlog over $1.0B; net debt $232M, down 19%.
- FY27 outlook raised; Q1 operating cash flow -$14M and free cash flow -$24M vs -$4M a year ago.
- Dave Farnsworth formalized as COO alongside CFO, $500K RSU award; CAO Douglas Munro exits Nov 13; Brian Caulfield acting CAO with $50K retention bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1049521/000104952126000096/0001049521-26-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1049521/000104952126000096/mrcy-20261110.htm
  HTML page:      https://secwatch.observer/filing/0001049521-26-000096

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