For fiscal 2026 (ended Jul 3, 2026), Mercury Systems Inc reported $983.62M of revenue and -$29.67M of net income.
MRCY revenue was $289.78M in fiscal Q4 2026 (ended Jul 3, 2026), up 6.1% from a year earlier and up 22.9% from the prior quarter. For the full fiscal 2026 it was $983.62M, up 7.9% from fiscal 2025. Compound annual growth was +1.3% over 5 years and +13.8% over 10 years. It rose in 8 of the last 10 fiscal years.
MRCY net income was $798.0K in fiscal Q4 2026 (ended Jul 3, 2026), down 95.1% from a year earlier. For the full fiscal 2026 it was -$29.67M, compared with -$37.90M in fiscal 2025.
MRCY diluted EPS was $0.01 in fiscal Q4 2026 (ended Jul 3, 2026), down 96.4% from a year earlier. For the full fiscal 2026 it was -$0.50, compared with -$0.65 in fiscal 2025.
MRCY free cash flow was $28.57M in fiscal Q4 2026 (ended Jul 3, 2026), down 15.9% from a year earlier. For the full fiscal 2026 it was $68.09M, down 42.8% from fiscal 2025. Compound annual growth was +5.7% over 5 years and +8.9% over 10 years.
| Line item | Jul 3, 2026 | Jun 27, 2025 | Jun 28, 2024 | Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $983.62M | $912.02M | $835.27M | $973.88M | $988.20M | $924.00M | $796.61M | $654.74M | $493.18M | $408.59M |
| Cost of revenue | $702.46M | $657.53M | $639.37M | $657.15M | $593.24M | $538.81M | $439.77M | $368.59M | $267.33M | $217.04M |
| Gross profit | $281.17M | $254.49M | $195.90M | $316.73M | $394.96M | $385.19M | $356.84M | $286.16M | $225.86M | $191.54M |
| Research and development | $59.74M | $67.65M | $101.33M | $108.80M | $107.17M | $113.48M | $98.48M | $68.92M | $58.81M | $54.09M |
| Selling, general and admin | $175.03M | $154.41M | $166.79M | $160.64M | $157.04M | $134.34M | $132.25M | $110.72M | $88.36M | $76.49M |
| Operating income | $280.0K | -$19.63M | -$147.75M | -$21.68M | $31.61M | $81.00M | $91.06M | $76.58M | $46.98M | $37.40M |
| Interest expense | $29.59M | $33.43M | $35.02M | $25.16M | $5.81M | $1.22M | $1.01M | $9.11M | $2.85M | $7.57M |
| Pre-tax income | -$28.89M | -$50.42M | -$189.28M | -$48.54M | $18.39M | $77.17M | $93.93M | $59.53M | $42.57M | $31.07M |
| Income tax | $784.0K | -$12.52M | -$51.63M | -$20.21M | $7.12M | $15.13M | $8.22M | $12.75M | $1.69M | $6.19M |
| Net income | -$29.67M | -$37.90M | -$137.64M | -$28.34M | $11.28M | $62.04M | $85.71M | $46.77M | $40.88M | $24.88M |
| EPS, basic | -$0.50 | -$0.65 | -$2.38 | -$0.50 | $0.20 | $1.13 | $1.57 | $0.98 | $0.88 | $0.59 |
| EPS, diluted | -$0.50 | -$0.65 | -$2.38 | -$0.50 | $0.20 | $1.12 | $1.56 | $0.96 | $0.86 | $0.58 |
| Diluted shares | 59.5M | 58.7M | 57.7M | 56.6M | 55.9M | 55.5M | 55.1M | 48.5M | 47.5M | 43.0M |
| Line item | Jul 3, 2026 | Jun 27, 2025 | Jun 28, 2024 | Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $214.31M | $309.10M | $180.52M | $71.56M | $65.65M | $113.84M | $226.84M | $257.93M | $66.52M | $41.64M |
| Receivables | $69.22M | $109.59M | $111.44M | $124.73M | $144.49M | $128.81M | $120.44M | $118.83M | $104.04M | $76.34M |
| Inventory | $366.97M | $332.92M | $335.30M | $337.22M | $270.34M | $221.64M | $178.09M | $137.11M | $108.58M | $81.07M |
| Current assets | $973.44M | $1.06B | $953.78M | $937.02M | $815.25M | $643.10M | $634.77M | $582.17M | $331.74M | $246.20M |
| Goodwill | $942.42M | $938.09M | $938.09M | $938.09M | $937.88M | $804.91M | $614.08M | $562.15M | $497.44M | $380.85M |
| Total assets | $2.32B | $2.43B | $2.38B | $2.39B | $2.30B | $1.96B | $1.61B | $1.42B | $1.06B | $815.75M |
| Current liabilities | $328.52M | $300.38M | $234.42M | $233.26M | $193.93M | $150.82M | $125.92M | $98.03M | $71.68M | $72.84M |
| Short-term debt | - | - | - | - | - | - | - | - | - | $0 |
| Total liabilities | $825.32M | $961.30M | $906.13M | $824.68M | $767.23M | $470.99M | $225.94M | $132.24M | $292.59M | $90.33M |
| Shareholders' equity | $1.50B | $1.47B | $1.47B | $1.57B | $1.54B | $1.48B | $1.38B | $1.28B | $771.89M | $725.42M |
| Line item | Jul 3, 2026 | Jun 27, 2025 | Jun 28, 2024 | Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $102.39M | $138.85M | $60.38M | -$21.25M | -$18.87M | $97.25M | $115.18M | $97.52M | $43.32M | $59.15M |
| Capital expenditures | $34.30M | $19.80M | $34.29M | $38.80M | $27.66M | $45.60M | $43.29M | $26.69M | $15.11M | $32.84M |
| Free cash flow | $68.09M | $119.05M | $26.09M | -$60.05M | -$46.52M | $51.65M | $71.89M | $70.83M | $28.21M | $26.30M |
| Investing cash flow | -$35.72M | -$13.50M | -$34.29M | -$38.56M | -$274.32M | -$416.89M | -$135.49M | -$153.77M | -$200.88M | -$111.09M |
| Financing cash flow | -$162.74M | $1.41M | $82.68M | $65.43M | $245.75M | $206.23M | -$10.93M | $247.76M | $182.94M | $11.34M |
| Share repurchases | $15.00M | $0 | $31.0K | $63.0K | $8.21M | $66.0K | $16.25M | $7.97M | $15.51M | $8.77M |
| Stock-based compensation | $41.13M | $25.02M | $25.67M | $27.75M | $38.29M | $28.29M | $26.54M | $19.42M | $17.31M | $15.34M |
| Depreciation and amortization | $72.68M | $82.03M | $88.03M | $97.33M | $93.42M | $67.08M | $49.33M | $46.39M | $42.28M | $32.27M |
| Line item | Jul 3, 2026 | Jun 27, 2025 | Jun 28, 2024 | Jun 30, 2023 | Jul 1, 2022 | Jul 2, 2021 | Jul 3, 2020 | Jun 30, 2019 | Jun 30, 2018 | Jun 30, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 7.9% | 9.2% | -14.2% | -1.4% | 6.9% | 16.0% | 21.7% | 32.8% | 20.7% | 51.2% |
| Net income growth, YoY | - | - | - | - | -81.8% | -27.6% | 83.2% | 14.4% | 64.4% | 26.0% |
| EPS growth, YoY | - | - | - | - | -82.1% | -28.2% | 62.5% | 11.6% | 48.3% | 3.6% |
| Gross margin | 28.6% | 27.9% | 23.5% | 32.5% | 40.0% | 41.7% | 44.8% | 43.7% | 45.8% | 46.9% |
| Operating margin | 0.0% | -2.2% | -17.7% | -2.2% | 3.2% | 8.8% | 11.4% | 11.7% | 9.5% | 9.2% |
| Net margin | -3.0% | -4.2% | -16.5% | -2.9% | 1.1% | 6.7% | 10.8% | 7.1% | 8.3% | 6.1% |
| Free cash flow margin | 6.9% | 13.1% | 3.1% | -6.2% | -4.7% | 5.6% | 9.0% | 10.8% | 5.7% | 6.4% |
| Return on equity | -2.0% | -2.6% | -9.3% | -1.8% | 0.7% | 4.2% | 6.2% | 3.6% | 5.3% | 3.4% |
| Return on assets | -1.3% | -1.6% | -5.8% | -1.2% | 0.5% | 3.2% | 5.3% | 3.3% | 3.8% | 3.0% |
| Current ratio | 2.96 | 3.52 | 4.07 | 4.02 | 4.20 | 4.26 | 5.04 | 5.94 | 4.63 | 3.38 |
| Line item | Jul 3, 2026 | Mar 27, 2026 | Dec 26, 2025 | Sep 26, 2025 | Jun 27, 2025 | Mar 28, 2025 | Dec 27, 2024 | Sep 27, 2024 | Jun 28, 2024 | Mar 29, 2024 | Dec 29, 2023 | Sep 29, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $289.78M | $235.76M | $232.87M | $225.21M | $273.11M | $211.36M | $223.13M | $204.43M | $248.56M | $208.26M | $197.46M | $180.99M |
| Cost of revenue | $201.20M | $166.71M | $172.24M | $162.31M | $188.34M | $154.25M | $162.30M | $152.64M | $175.35M | $167.62M | $165.94M | $130.46M |
| Gross profit | $88.58M | $69.05M | $60.63M | $62.90M | $84.77M | $57.11M | $60.83M | $51.79M | $73.21M | $40.64M | $31.52M | $50.53M |
| Research and development | $16.16M | $15.01M | $15.38M | $13.18M | $11.91M | $15.98M | $21.37M | $18.38M | $19.42M | $21.56M | $28.48M | $31.87M |
| Selling, general and admin | $47.85M | $39.14M | $42.14M | $45.91M | $37.71M | $43.04M | $40.50M | $33.15M | $43.37M | $43.16M | $44.47M | $35.79M |
| Operating income | $14.46M | $5.23M | -$10.82M | -$8.60M | $23.55M | -$17.34M | -$12.41M | -$13.42M | -$7.97M | -$45.66M | -$53.93M | -$40.20M |
| Interest expense | $6.52M | $7.33M | $7.85M | $7.89M | $8.03M | $8.07M | $8.43M | $8.91M | $9.16M | $9.32M | $8.67M | $7.86M |
| Pre-tax income | $7.79M | -$2.69M | -$17.46M | -$16.54M | $18.82M | -$21.82M | -$24.30M | -$23.12M | -$18.60M | -$57.22M | -$63.72M | -$49.73M |
| Income tax | $7.00M | $174.0K | -$2.36M | -$4.02M | $2.45M | -$2.65M | -$6.72M | -$5.59M | -$7.82M | -$12.64M | -$18.14M | -$13.03M |
| Net income | $798.0K | -$2.86M | -$15.10M | -$12.52M | $16.37M | -$19.17M | -$17.58M | -$17.52M | -$10.78M | -$44.57M | -$45.58M | -$36.71M |
| EPS, basic | $0.01 | -$0.04 | -$0.26 | -$0.21 | $0.28 | -$0.33 | -$0.30 | -$0.30 | -$0.18 | -$0.77 | -$0.79 | -$0.64 |
| EPS, diluted | $0.01 | -$0.04 | -$0.26 | -$0.21 | $0.28 | -$0.33 | -$0.30 | -$0.30 | -$0.18 | -$0.77 | -$0.79 | -$0.64 |
| Diluted shares | - | 59.4M | 59.4M | 59.2M | - | 58.7M | 58.6M | 58.3M | - | 57.7M | 57.4M | 57.1M |
| Line item | Jul 3, 2026 | Mar 27, 2026 | Dec 26, 2025 | Sep 26, 2025 | Jun 27, 2025 | Mar 28, 2025 | Dec 27, 2024 | Sep 27, 2024 | Jun 28, 2024 | Mar 29, 2024 | Dec 29, 2023 | Sep 29, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $214.31M | $331.80M | $334.99M | $304.72M | $309.10M | $269.82M | $242.56M | $158.12M | $180.52M | $142.65M | $168.65M | $89.37M |
| Receivables | $69.22M | $95.55M | $105.83M | $92.65M | $109.59M | $103.40M | $104.49M | $124.55M | $111.44M | $91.78M | $82.74M | $91.45M |
| Inventory | $366.97M | $361.69M | $349.64M | $340.25M | $332.92M | $352.69M | $344.42M | $351.09M | $335.30M | $343.01M | $354.21M | $362.91M |
| Current assets | $973.44M | $1.12B | $1.13B | $1.08B | $1.06B | $1.02B | $990.68M | $954.32M | $953.78M | $951.51M | $983.82M | $954.70M |
| Goodwill | $942.42M | $942.61M | $938.09M | $938.09M | $938.09M | $938.09M | $938.09M | $938.09M | $938.09M | $938.09M | $938.09M | $938.09M |
| Total assets | $2.32B | $2.48B | $2.50B | $2.46B | $2.43B | $2.41B | $2.40B | $2.37B | $2.38B | $2.38B | $2.44B | $2.40B |
| Current liabilities | $328.52M | $350.50M | $383.04M | $322.18M | $300.38M | $296.56M | $273.53M | $232.79M | $234.42M | $207.57M | $225.72M | $205.32M |
| Total liabilities | $825.32M | $1.00B | $1.04B | $982.58M | $961.30M | $963.33M | $941.18M | $909.14M | $906.13M | $905.38M | $931.76M | $859.95M |
| Shareholders' equity | $1.50B | $1.48B | $1.46B | $1.48B | $1.47B | $1.45B | $1.46B | $1.46B | $1.47B | $1.47B | $1.50B | $1.54B |
| Line item | Jul 3, 2026 | Mar 27, 2026 | Dec 26, 2025 | Sep 26, 2025 | Jun 27, 2025 | Mar 28, 2025 | Dec 27, 2024 | Sep 27, 2024 | Jun 28, 2024 | Mar 29, 2024 | Dec 29, 2023 | Sep 29, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $42.15M | $6.44M | $51.61M | $2.18M | $38.08M | $29.97M | $85.46M | -$14.66M | $71.76M | -$17.80M | $45.49M | -$39.07M |
| Capital expenditures | $13.59M | $8.26M | $5.90M | $6.55M | $4.10M | $5.91M | $3.56M | $6.24M | $10.35M | $7.94M | $7.99M | $8.02M |
| Free cash flow | $28.57M | -$1.82M | $45.71M | -$4.37M | $33.98M | $24.06M | $81.91M | -$20.90M | $61.41M | -$25.74M | $37.50M | -$47.08M |
| Investing cash flow | -$13.59M | -$9.68M | -$5.90M | -$6.55M | -$2.40M | -$3.21M | -$1.66M | -$6.24M | -$10.35M | -$7.94M | -$7.99M | -$8.02M |
| Financing cash flow | -$147.31M | $0 | -$15.43M | $0 | $2.17M | $0 | $1.49M | -$2.25M | -$23.54M | $0 | $41.22M | $65.00M |
| Share repurchases | $0 | $0 | - | - | $0 | $0 | - | - | $16.0K | $0 | $15.0K | $0 |
| Stock-based compensation | $11.92M | $9.05M | $10.59M | $9.57M | $2.42M | $8.55M | $7.96M | $6.09M | $7.25M | $6.92M | $7.39M | $4.12M |
| Depreciation and amortization | $17.51M | $17.96M | $18.30M | $18.91M | $19.97M | $19.92M | $20.92M | $21.22M | $21.39M | $21.75M | $22.19M | $22.69M |
| Line item | Jul 3, 2026 | Mar 27, 2026 | Dec 26, 2025 | Sep 26, 2025 | Jun 27, 2025 | Mar 28, 2025 | Dec 27, 2024 | Sep 27, 2024 | Jun 28, 2024 | Mar 29, 2024 | Dec 29, 2023 | Sep 29, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 6.1% | 11.5% | 4.4% | 10.2% | 9.9% | 1.5% | 13.0% | 13.0% | -1.8% | -21.0% | -14.0% | -20.5% |
| Net income growth, YoY | -95.1% | - | - | - | - | - | - | - | - | - | - | - |
| EPS growth, YoY | -96.4% | - | - | - | - | - | - | - | - | - | - | - |
| Gross margin | 30.6% | 29.3% | 26.0% | 27.9% | 31.0% | 27.0% | 27.3% | 25.3% | 29.5% | 19.5% | 16.0% | 27.9% |
| Operating margin | 5.0% | 2.2% | -4.6% | -3.8% | 8.6% | -8.2% | -5.6% | -6.6% | -3.2% | -21.9% | -27.3% | -22.2% |
| Net margin | 0.3% | -1.2% | -6.5% | -5.6% | 6.0% | -9.1% | -7.9% | -8.6% | -4.3% | -21.4% | -23.1% | -20.3% |
| Free cash flow margin | 9.9% | -0.8% | 19.6% | -1.9% | 12.4% | 11.4% | 36.7% | -10.2% | 24.7% | -12.4% | 19.0% | -26.0% |
| Current ratio | 2.96 | 3.19 | 2.96 | 3.37 | 3.52 | 3.44 | 3.62 | 4.10 | 4.07 | 4.58 | 4.36 | 4.65 |
Source: XBRL data Mercury Systems Inc files with the SEC, latest filing dated Aug 18, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| MRCY | $983.62M | +7.9% | -$29.67M | -3.0% | $4.48B |
| APH | $33.05B | +57.6% | $5.93B | 18.0% | $184.17B |
| TER | $5.00B | +74.9% | $1.37B | 27.5% | $34.07B |
| VLTO | $5.80B | +6.4% | $1.00B | 17.3% | $28.47B |
| CLS | $18.23B | +61.6% | $1.25B | 6.8% | $26.06B |
| FLEX | $30.95B | +17.5% | $1.04B | 3.4% | $25.78B |
| JBL | $35.95B | +20.6% | $1.04B | 2.9% | $24.62B |
| HUBB | $6.59B | +16.0% | $908.90M | 13.8% | $22.69B |
| LFUS | $2.76B | +18.7% | $37.79M | 1.4% | $9.04B |