NASDAQ$MRCY

Mercury Systems Inc · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

Mercury Systems reported Q2 2026, revenue of $232.9M, net income of $27.5M.

For Q2 2026, Mercury Systems reported revenue of $232.9M, net income of $27.5M. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Revenue $232.9M.
  • Net income $27.5M.
  • Mercury Systems highlights liquidity, operations, and near-term priorities.

Headline financials

Total Revenue

$233M

Previous: $223M+4.4%
EPS (adj)

$0.16

Previous: $0.07+128.6%
Bookings

$288M

Previous: $243M+18.6%
Book-to-bill Ratio

1.2%

No prior period
Total Backlog

$1.5B

Previous: $1.38B+8.6%
Adjusted EBITDA

$30M

Previous: $22M+36.4%
Adjusted EBITDA Margin

12.9%

No prior period
Operating Cash Flow

$52M

Previous: $85M-38.8%
Capital Expenditures

-$12.5M

Previous: -$9.79M-27.2%
Net Income

-$15.1M

Previous: -$17.6M+14.2%
Operating Income

-$10.8M

Previous: -$12.4M+12.9%
Gross Profit

$60.6M

Previous: $60.8M-0.3%

Revenue & EPS history

Mercury · Revenue · Quarterly

$233M

Q2 2026+4.4%vs Q2 2025
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

The release discusses Mercury Systems's outlook for upcoming periods, including capital allocation, operating priorities, and market risks.

Tailwinds

  • Mercury Systems cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2026

Historical avgQ2 2026

+0.8%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+3.8%

Avg return

30 days after

52%

33 / 64 earnings

Positive

+27.0%

Q1 2025

Best reaction

-23.7%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+16.8%+10.8%+34.0%
Q2 2026-18.9%-14.0%-13.0%
Q1 2026+3.4%-1.4%-6.8%
Q3 2025-4.9%-7.8%+5.4%
Q2 2025+18.5%+11.6%+4.2%
Q1 2025+27.0%+28.4%+15.4%
Q4 2024+17.9%+18.1%+8.5%
Q3 2024-1.4%-4.1%+3.4%
Q2 2024-11.5%-3.3%+1.4%
Q1 2024-13.5%-12.9%-2.8%
Q4 2023+3.2%+7.1%+8.4%
Q3 2023-19.7%-13.9%-13.8%
Q2 2023+14.8%+12.9%+9.1%
Q1 2023+3.4%-0.7%+6.4%
Q4 2022-16.1%-14.1%-21.0%
Q3 2022+4.9%+1.0%+11.4%
Q2 2022-8.5%-8.5%+21.1%
Q1 2022+0.3%-1.1%-8.6%
Q4 2021-14.3%-14.3%-23.8%
Q3 2021-23.7%-15.1%-13.3%
Q2 2021+0.2%+6.1%-10.0%
Q1 2021-1.4%-3.0%+0.1%
Q4 2020+0.0%+0.5%-5.3%
Q3 2020+9.3%+2.0%+4.5%
Q2 2020+2.6%+1.6%+5.2%
Q1 2020-1.8%+3.2%+1.8%
Q4 2019+17.5%+15.1%+23.1%
Q3 2019+2.5%+1.7%-3.6%
Q2 2019+18.8%+18.5%+29.6%
Q1 2019+7.6%+10.2%+16.9%
Q4 2018+22.6%+19.9%+35.3%
Q3 2018-23.1%-27.3%-20.0%
Q2 2018-4.4%-5.4%-5.9%
Q1 2018-3.4%-3.4%+1.0%
Q4 2017-0.9%+0.7%+9.9%
Q3 2017-5.8%-5.9%+1.6%
Q2 2017+9.4%+9.9%+21.9%
Q1 2017+13.6%+14.5%+29.8%
Q4 2016-1.6%-9.5%-11.4%
Q3 2016+4.8%
Q2 2016+12.9%
Q1 2016+5.7%
Q4 2015+9.7%
Q3 2015-4.1%
Q2 2015+4.7%
Q1 2015+13.6%
Q4 2014-0.6%
Q3 2014+5.3%
Q2 2014+0.0%
Q1 2014+2.9%
Q4 2013+1.3%
Q3 2013+5.8%
Q2 2013-6.7%
Q1 2013-2.8%
Q4 2010-2.0%
Q4 2012-15.8%
Q3 2011-6.3%
Q3 2012+4.5%
Q2 2011-1.3%
Q2 2012-10.2%
Q4 2011-2.6%
Q1 2011-2.6%
Q1 2012+4.1%
Q3 2010-8.5%

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