NASDAQ: MRCY
Mercury Systems, Inc.
Industrials · Aerospace & Defense
Pre-market: $107.62(-3.6%) · as of 4:00 AM ET
Market Cap
$6.70B
52w High
$128.45
52w Low
$62.78
P/E
-468.68
Volume
346.53K
Outstanding Shares
60.04M
Price vs Fundamentals
Why The Stock Is Moving
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
What changed
The stock rose 64.13% over the last year. Revenue grew 8.95% over the trailing twelve months. Operating margin moved from -5.76% to 1.2%. Free cash flow declined 51.98% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (94th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 1.2% — continued expansion would be needed to justify the premium. Revenue growth of 8.95% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Mercury Systems, Inc. is a technology firm dedicated to the creation and delivery of a wide range of advanced components, modules, and integrated subsystems, primarily catering to the aerospace and defense industries.
Valuation
Stock splits
Every 1 shares became 2
Profitability & growth
Analyst consensus
12
Buy
6
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 18, 2026
Q3 FY26 · EPS est $0.38 · Revenue est $266.16M
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