Mercury Systems

MRCY

Market cap $5.34B

In the fourth quarter of 2025, the Baron Discovery Fund returned 0.19% (Institutional Shares), trailing the Russell 2000 Growth Index by 1.03%. In these periods, low quality (high debt and poor profitability) and short-term price momentum-oriented stocks outperformed. Exact Sciences Corporation received a buyout offer in the fourth quarter by Abbott Laboratories (ABT) for a price of $105 in cash.

Mercury Systems, Inc. delivered a Q2 sales beat via $30M revenue pull-forward, but persistent net losses and margin pressure remain. MRCY's lower gross margins reflect burning off low-margin backlog; margin profile is expected to normalize and improve by 2028. Management's reluctance to raise guidance despite consistent pull-forwards has disappointed investors, contributing to recent share price weakness.

MRCY delivers an earnings surprise as bookings climb, backlog hits a record $1.5B, and EBITDA expands year over year.

Mercury Systems, Inc. (MRCY) Q2 2026 Earnings Call Transcript

Although the revenue and EPS for Mercury Systems (MRCY) give a sense of how its business performed in the quarter ended December 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Mercury Systems (MRCY) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.07 per share a year ago.

ANDOVER, Mass., Feb. 03, 2026 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported operating results for the second quarter of fiscal year 2026, ended December 26, 2025.

Recent years have seen the U.S. continue on its path of increasing the nation's already staggering defense budget, and the E.U. conclude it needs to remilitarize with a program worth nearly $1 trillion.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of Mercury Systems, Inc. (NASDAQ: MRCY) breached their fiduciary duties to shareholders. If you currently own Mercury stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your.

ANDOVER, Mass., Jan. 15, 2026 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a global technology company that delivers mission-critical processing to the edge, today announced contract awards totaling more than $60 million for work associated with two critical U.S. space and strategic weapons programs.