MRCY MERCURY SYSTEMS INC

BULLISH Impact: 8/10 8-K
Horizon days Filed May 5, 2026 Processed 1mo ago SEC 0001049521-26-000021
8-K Item 2.02: Earnings release
Latest settled — T+20d
MRCY ▲ +21.74% at T+20d
LONG call ✓ call won +21.74% · α vs SPY +18.96% · entry $91.66 → $111.59
Next anchor: T+60d in 7w
Currently $120.30 · +31.25% from $91.66 entry
Entry anchored
May 5, 03:59 PM ET
via Databento tick
T+1d
0.00%
call 0.00% · α +0.33%
$91.66
settled 5w ago
T+5d
+0.72%
call +0.72% · α -0.41%
$92.32
settled 5w ago
T+20d
+21.74%
call +21.74% · α +18.96%
$111.59
settled 10d ago
T+60d
—
call — · α —
—
in 7w

Price Chart

Loading chart...

Executive Summary

Mercury Systems reported Q3 FY2026 adjusted EPS of $0.27, crushing the -$0.09 consensus, with revenue of $235.8M up 11.5% YoY. Record bookings of $348M and raised full-year guidance signal accelerating momentum and margin expansion.

Key Financial Metrics

Guidance
full year FY26 revenue growth approaching mid single-digits
raised
Free Cash Flow
-$1.8M
Gross Margin
29.3%

Actionable Insight

The massive adjusted EPS beat and raised guidance should drive a strong positive reaction. Watch for follow-through on free cash flow positivity in Q4 and how quickly the backlog converts to revenue.

Key Facts

  • Q3 FY2026 adjusted EPS $0.27 vs consensus ($0.09) — 400% beat
  • Revenue $235.8M, up 11.5% YoY organically
  • Record quarterly bookings $348M, book-to-bill 1.48, backlog $1.6B
  • Full-year FY26 revenue guidance raised to approaching mid-single-digit growth
  • Adjusted EBITDA $36.1M, up 46% YoY, margin 15.3% vs 11.7%
  • GAAP net loss narrowed to $2.9M ($0.04/share) from $19.2M ($0.33)

Financial Impact

Adjusted EPS beat consensus by $0.36 (400%), revenue 12.6% above prior-year quarter, and guidance raised—collectively a material positive catalyst.

revenueadjustedEpsadjustedEbitdabacklogbookings

Risk Factors

  • GAAP net loss continues; negative free cash flow in Q3 (-$1.8M)
  • Balance sheet leverage remains (long-term debt $591.5M)
  • Litigation mentioned (securities class action) and defense budget dependence

Market Snapshot

Exchange
Nasdaq
Sector
Electronic Components & Accessories
Analyst Consensus
73% bullish (15 analysts)

Documents Analyzed

This report is based on 7 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001049521-26-000021
Document: mrcy-20260505.htm0001049521-26-000021
Document: q3fy26earningspresentati.htm0001049521-26-000021
Document: 0001049521-26-000021-index-headers.html0001049521-26-000021
Document: 0001049521-26-000021-index.html0001049521-26-000021
Document: 0001049521-26-000021.txt0001049521-26-000021
8-K Data (Synthetic)0001049521-26-000021
5 reports for MRCY
Performance horizon
67% Hit rate 2 of 3 directional calls best @ T+20▲ +11.86%Feb 25, 2026
Filters
Rows
Reports for MRCY — sortable, filterable
Type Now
May 28, 2026
15d ago
Press Release
BULLISH ★ 6/10
$111.70 $111.59▼ −0.10%▲ +0.19%$120.30 (+7.70%)
May 5, 2026
5w ago
8-K
BULLISH ★ 8/10
$91.66 $92.32▲ +0.72%▼ −0.41%$120.30 (+31.25%)
Apr 14, 2026
8w ago
Press Release
NEUTRAL ★ 4/10
$85.51 $82.61▼ −3.39%▼ −5.03%$120.30 (+40.69%)
Apr 2, 2026
10w ago
Press Release
BULLISH ★ 6/10
$74.22 $79.60▲ +7.25%▲ +3.63%$120.30 (+62.09%)
Feb 25, 2026
15w ago
Insider Cluster
BEARISH ★ 7/10
$89.30 $89.18▲ +0.13%▼ −0.97%$120.30 (−34.71%)
Showing 5 of 5

US Market Status

Market Closed — Opens Mon (49h 41m)

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access