Jun 2026 (Q4 FY26) — Aug 18, 2026
Mercury Systems Q4 FY26 — Record Bookings and Backlog Drive Strong Outlook
Read the full callMercury Systems (MRCY) earnings
- Jul 2026
- Jun 2026 (Q4 FY26)
- Jul 2026
Mercury Systems earnings: last reported Tue, 18 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 290 | +6.1% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 5.0 | −3.6 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.80 | −95.1% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Price
$75.99 +2.32% · +$1.72
Performance +0.6% 1Y
1Y: $75.54 on 17 Oct 2025 → $75.99. High $126.21 (2 Jul 2026), low $66.12 (20 Nov 2025).
- Previous close
- $74.27
- 52-week range
- $66.12 – $126.21
- One year
- −1.36%
Overview
- Symbol
- MRCY
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Mercury Systems earnings calls (MRCY)
Financials
What the filings say
Net profit, year on year: −95% (quarter to jul 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 204 | 223 | 211 | 273 | 225 | 233 | 236 | 290 |
| Operating profit | -13 | -12 | -17 | 24 | -9 | -11 | 5 | 14 |
| Operating margin | −6.6% | −5.6% | −8.2% | 8.6% | −3.8% | −4.7% | 2.2% | 5.0% |
| Interest | 9 | 8 | 8 | 8 | 8 | 8 | 7 | 7 |
| Profit before tax | -23 | -24 | -22 | 19 | -17 | -17 | -3 | 8 |
| Tax rate | 24.2% | 27.7% | 12.1% | 13.0% | 24.3% | 13.5% | −6.5% | 89.8% |
| Net profit | -18 | -18 | -19 | 16 | -13 | -15 | -3 | 1 |
| EPS ($ per share) | -0.30 | -0.30 | -0.33 | — | -0.21 | -0.26 | -0.04 | — |
| Line item | Jun 2019 | Jul 2020 | Jul 2021 | Jul 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 227 | 312 | 374 | 386 | 357 | 220 | 182 | 152 |
| Total liabilities | 132 | 226 | 471 | 767 | 825 | 906 | 961 | 825 |
| Fixed assets | 60 | 88 | 129 | 127 | 120 | 110 | 101 | 108 |
| Total assets | 1,417 | 1,611 | 1,955 | 2,304 | 2,391 | 2,379 | 2,435 | 2,323 |
| Line item | Jun 2019 | Jul 2020 | Jul 2021 | Jul 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 98 | 115 | 97 | -19 | -21 | 60 | 139 | 102 |
| Cash from investing | -154 | -135 | -417 | -274 | -39 | -34 | -13 | -36 |
| Cash from financing | 248 | -11 | 206 | 246 | 65 | 83 | 1 | -163 |
| Net cash flow | 191 | -31 | -113 | -48 | 6 | 109 | 129 | -95 |
| Capital expenditure | -27 | -43 | -46 | -28 | -39 | -34 | -20 | -34 |
| Free cash flow | 71 | 72 | 52 | -47 | -60 | 26 | 119 | 68 |
MRCY revenue by segment
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Integrated Subsystems | 56% | 59% | 49% | 47% | 50% | 53% | 48% | 48% | +8.2% |
| Airborne | 44% | 43% | 48% | 45% | 42% | 36% | 36% | 38% | -10.3% |
| Land | 17% | 20% | 16% | 20% | 19% | 25% | 22% | 22% | +22.2% |
| Components | 22% | 20% | 24% | 18% | 20% | 21% | 19% | 22% | +29.9% |
| Product and Service Other | 21% | 22% | 22% | 20% | 22% | 23% | 19% | 19% | +2.7% |
| Naval | 10% | 10% | 8% | 10% | 9% | 10% | 13% | 13% | +41.9% |
| Space | — | 5% | 5% | — | 8% | 5% | 11% | 8% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q4 FY2026 · share of revenue
- US 63%
As MRCY cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
68 filings between Oct 22, 2025 and Oct 15, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$193.22M
41 sales by 9 insiders
5% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 18
- Award — granted as compensation
- 5
- Option exercise — converted options into shares
Also filed: 4 dispositions to the issuer.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| JANA Partners Management, LP | — | $149.26M | Mar 4, 2026 |
| Ballhaus William L | — | $37.27M | Aug 26, 2026 |
| Farnsworth David E. | — | $2.59M | Aug 20, 2026 |
| LANCE HOWARD L | — | $1.35M | May 26, 2026 |
| Ratner Steven | — | $1.09M | Sep 3, 2026 |
| KUPINSKY STUART | — | $635.2K | Sep 21, 2026 |
| Carvalho Orlando D | — | $625.5K | May 12, 2026 |
| Munro Douglas | — | $266.8K | Aug 20, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | Nearhos Barry R Director | Award | 235 | $0 |
| Sep 21, 2026 | KUPINSKY STUART EVP, CLO & Corp Sec | Sale 10b5-1 plan | 1,000 | $86.5K |
| Sep 3, 2026 | Ratner Steven EVP, CHRO | Sale | 4,000 | $338.0K |
| Aug 26, 2026 | Ballhaus William L Chairman, President & CEO | Sale | 38,276 | $3.40M |
| Aug 26, 2026 | Ballhaus William L Chairman, President & CEO | Sale | 10,814 | $970.5K |
| Aug 26, 2026 | Ballhaus William L Chairman, President & CEO | Option exercise | 68,476 | $2.94M |
| Aug 25, 2026 | Ballhaus William L Chairman, President & CEO | Sale | 3,448 | $303.4K |
| Aug 25, 2026 | Ballhaus William L Chairman, President & CEO | Sale | 107,628 | $9.37M |
| Aug 25, 2026 | Ballhaus William L Chairman, President & CEO | Option exercise | 153,676 | $6.61M |
| Aug 24, 2026 | Ballhaus William L Chairman, President & CEO | Sale | 105,471 | $9.44M |
| Aug 24, 2026 | Ballhaus William L Chairman, President & CEO | Option exercise | 11,348 | $488.0K |
| Aug 24, 2026 | Ballhaus William L Chairman, President & CEO | Sale | 2,738 | $248.1K |
| Aug 24, 2026 | Ballhaus William L Chairman, President & CEO | Option exercise | 140,650 | $5.91M |
| Aug 21, 2026 | Ballhaus William L Chairman, President & CEO | Sale | 204 | $19.1K |
| Aug 21, 2026 | Ballhaus William L Chairman, President & CEO | Sale | 64,796 | $5.99M |
| Aug 21, 2026 | Ballhaus William L Chairman, President & CEO | Option exercise | 92,850 | $3.90M |
| Aug 21, 2026 | Ratner Steven EVP, CHRO | Sale | 356 | $32.5K |
| Aug 21, 2026 | KUPINSKY STUART EVP, CLO & Corp Sec | Sale 10b5-1 plan | 1,000 | $95.2K |
| Aug 20, 2026 | Farnsworth David E. EVP, CFO | Sale | 6,612 | $645.8K |
| Aug 20, 2026 | Munro Douglas SVP, CAO | Sale | 109 | $10.6K |
| Aug 20, 2026 | Ballhaus William L Chairman, President & CEO | Sale | 22,010 | $2.15M |
| Aug 20, 2026 | Ratner Steven EVP, CHRO | Sale | 1,026 | $100.2K |
| Aug 19, 2026 | Ballhaus William L Chairman, President & CEO | Sale | 26,802 | $2.69M |
| Aug 19, 2026 | KUPINSKY STUART EVP, CLO & Corp Sec | Sale | 1,308 | $131.2K |
| Aug 19, 2026 | Farnsworth David E. EVP, CFO | Sale | 8,155 | $818.0K |
| Aug 19, 2026 | Munro Douglas SVP, CAO | Sale | 548 | $55.0K |
| Aug 19, 2026 | Ratner Steven EVP, CHRO | Sale | 2,187 | $219.4K |
| Aug 18, 2026 | Ballhaus William L Chairman, President & CEO | Sale | 24,144 | $2.69M |
| Aug 18, 2026 | Munro Douglas SVP, CAO | Sale | 494 | $55.0K |
| Aug 18, 2026 | Ratner Steven EVP, CHRO | Sale | 1,971 | $219.5K |
| Aug 18, 2026 | KUPINSKY STUART EVP, CLO & Corp Sec | Sale | 1,178 | $131.2K |
| Aug 18, 2026 | Farnsworth David E. EVP, CFO | Sale | 7,347 | $818.1K |
| Aug 17, 2026 | Farnsworth David E. EVP, CFO | Award | 8,212 | $0 |
| Aug 17, 2026 | Ballhaus William L Chairman, President & CEO | Award | 23,629 | $0 |
| Aug 17, 2026 | KUPINSKY STUART EVP, CLO & Corp Sec | Award | 5,619 | $0 |
| Aug 17, 2026 | Munro Douglas SVP, CAO | Award | 2,882 | $0 |
| Aug 17, 2026 | Ratner Steven EVP, CHRO | Award | 5,187 | $0 |
| Aug 14, 2026 | Ratner Steven EVP, CHRO | Disposition to issuer | 2,695 | $0 |
| Aug 14, 2026 | Ballhaus William L Chairman, President & CEO | Disposition to issuer | 70,287 | $0 |
| Aug 14, 2026 | KUPINSKY STUART EVP, CLO & Corp Sec | Disposition to issuer | 6,977 | $0 |
| Aug 14, 2026 | Farnsworth David E. EVP, CFO | Disposition to issuer | 16,275 | $0 |
| Jul 16, 2026 | Nearhos Barry R Director | Award | 170 | $0 |
| May 26, 2026 | LANCE HOWARD L Director | Sale | 1,250 | $123.1K |
| May 26, 2026 | LANCE HOWARD L Director | Sale | 8,000 | $799.6K |
| May 12, 2026 | Carvalho Orlando D Director | Sale | 7,000 | $625.5K |
| May 11, 2026 | Ratner Steven EVP, CHRO | Sale | 2,000 | $184.9K |
| Apr 16, 2026 | Farnsworth David E. EVP, CFO | Sale | 3,625 | $307.7K |
| Apr 16, 2026 | Nearhos Barry R Director | Award | 245 | $0 |
| Mar 16, 2026 | Ratner Steven EVP, CHRO | Award | 437 | $0 |
| Mar 4, 2026 | JANA Partners Management, LP Director | Sale | 100,899 | $9.05M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for MERCURY SYSTEMS INC
Free account. Everything above stays public.
Write why you follow MERCURY SYSTEMS INC and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading