Mercury Systems, Inc. (MRCY) Stock Price & Analysis
Mercury Systems, Inc. (MRCY) closed at USD 75.56 on Thursday, October 22, 2026, up 0.09% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 75.56; the Oct 22, 2026 session ranged USD 73.73–76.23 on volume of 478,732 shares. Market capitalization is —, with a 52-week range of USD 65.04–128.45 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MRCY.md
Key facts (MRCY)
- Last four reported quarters (through Jul 3, 2026): revenue $984M, net income -$29.7M (-3.0% margin), free cash flow $68.1M (SEC filings).
- 1 of 80 tracked superinvestors hold MRCY (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 20 Form 4 filings, $43.9M; 18 not under a Rule 10b5-1 plan ($43.7M); 0 by opportunistic insiders, 4 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y -2.6% vs S&P 500 +14.9%; 5Y +43.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-10, EPS estimate USD 0.3, revenue estimate $245M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MRCY)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $988M | $974M | $835M | $912M | $984M | $984M |
| Gross profit | $395M | $317M | $196M | $254M | $281M | — |
| Operating income | $31.6M | -$21.7M | -$148M | -$19.6M | $280K | $280K |
| Net income | $11.3M | -$28.3M | -$138M | -$37.9M | -$29.7M | -$29.7M |
| EPS (diluted) | $0.20 | -$0.50 | -$2.38 | -$0.65 | -$0.50 | — |
| Free cash flow | -$46.5M | -$60.0M | $26.1M | $119M | $68.1M | $68.1M |
| Gross margin | 40.0% | 32.5% | 23.5% | 27.9% | 28.6% | — |
| Operating margin | 3.2% | -2.2% | -17.7% | -2.2% | 0.0% | 0.0% |
| Net margin | 1.1% | -2.9% | -16.5% | -4.2% | -3.0% | -3.0% |
| Revenue growth | +6.9% | -1.4% | -14.2% | +9.2% | +7.9% | — |
| Cash + short-term investments | $65.7M | $71.6M | $181M | $309M | $214M | — |
Fiscal years end Jul. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 3, 2026) (MRCY)
Superinvestors (SEC 13F-HR, Q2 2026) (MRCY)
1 of 80 tracked investors hold MRCY. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | <0.01% | $355K | New position |
Insider sales (SEC Form 4, open-market, last ~7 months) (MRCY)
2 of 20 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-21 | Kupinsky Stuart | EVP, CLO & Corp Sec | 1,000 | $87K | 1.6% | Yes (adopted May 7, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-03 | Ratner Steven | EVP, CHRO | 4,000 | $338K | 17.1% | No | Too little history (no open-market trades in 2023) |
| 2026-08-25…2026-08-26 | Ballhaus William L | Chairman, President & CEO | 160,166 | $14.1M | 30.2% | No | Routine (traded in Aug each year 2023–2025) |
| 2026-08-21…2026-08-24 | Ballhaus William L | Chairman, President & CEO | 173,209 | $15.7M | 36% | No | Routine (traded in Aug each year 2023–2025) |
| 2026-08-21 | Ratner Steven | EVP, CHRO | 356 | $33K | 1.5% | No | Too little history (no open-market trades in 2023) |
| 2026-08-21 | Kupinsky Stuart | EVP, CLO & Corp Sec | 1,000 | $95K | 1.7% | Yes (adopted May 7, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-19…2026-08-20 | Munro Douglas | SVP, CAO | 657 | $66K | 4.7% | No | Too little history (no open-market trades in 2023) |
| 2026-08-19…2026-08-20 | Ratner Steven | EVP, CHRO | 3,213 | $320K | 12% | No | Too little history (no open-market trades in 2023) |
| 2026-08-19…2026-08-20 | Farnsworth David E. | EVP, CFO | 14,767 | $1.5M | 11% | No | Too little history (no open-market trades in 2023) |
| 2026-08-19…2026-08-20 | Ballhaus William L | Chairman, President & CEO | 48,812 | $4.8M | 17.1% | No | Routine (traded in Aug each year 2023–2025) |
| 2026-08-19 | Kupinsky Stuart | EVP, CLO & Corp Sec | 1,308 | $131K | 2.2% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-17…2026-08-18 | Munro Douglas | SVP, CAO | 898 | $99K | 6% | No | Too little history (no open-market trades in 2023) |
| 2026-08-17…2026-08-18 | Ratner Steven | EVP, CHRO | 3,055 | $339K | 10.2% | No | Too little history (no open-market trades in 2023) |
| 2026-08-17…2026-08-18 | Kupinsky Stuart | EVP, CLO & Corp Sec | 2,373 | $263K | 3.8% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-17…2026-08-18 | Farnsworth David E. | EVP, CFO | 8,692 | $966K | 6.1% | No | Too little history (no open-market trades in 2023) |
| 2026-08-17…2026-08-18 | Ballhaus William L | Chairman, President & CEO | 27,680 | $3.1M | 8.8% | No | Routine (traded in Aug each year 2023–2025) |
| 2026-05-26 | Lance Howard L | Director | 9,250 | $923K | 25.3% | No | Too little history (no open-market trades in 2025) |
| 2026-05-12 | Carvalho Orlando D | Director | 7,000 | $626K | 11.8% | No | Too little history (no open-market trades in 2024 or 2025) |
| 2026-05-11 | Ratner Steven | EVP, CHRO | 2,000 | $185K | 5.8% | No | Too little history (no open-market trades in 2023) |
| 2026-04-16 | Farnsworth David E. | EVP, CFO | 3,625 | $308K | 2.2% | No | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (MRCY)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Oppenheimer | Initiated | Outperform | $90 |
| 2026-09-15 | Guggenheim | Initiated | Buy | $115 |
| 2026-08-20 | Canaccord Genuity | Target raised | Buy | $106 → $128 |
| 2026-08-20 | Truist Securities | Target raised | Buy | $109 → $120 |
| 2026-08-19 | RBC Capital | Target raised | Outperform | $105 → $120 |
| 2026-08-19 | Baird | Target raised | Outperform | $120 → $130 |
| 2026-08-19 | Piper Sandler | Target raised | Overweight | $126 → $131 |
| 2026-08-12 | Piper Sandler | Initiated | Overweight | $126 |
| 2026-07-13 | JP Morgan | Target raised | Neutral | $99 → $101 |
Total return (dividends reinvested) (MRCY)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -2.6% | +43.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -2.6% | +7.5% |
| Volatility (annualized) | 57.7% | 45.3% |
| Max drawdown | -41.1% (Jul 2026→Oct 2026) | -61.3% (Feb 2022→Jun 2024) |
MRCY revenue by product line (quarter ended Jul 3, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Integrated Subsystems | $137.8M | 47.6% | +8.2% |
| Airborne | $109.8M | 37.9% | -10.3% |
| Modules and Sub-assemblies | $87.0M | 30.0% | -9.1% |
| Land | $65.2M | 22.5% | +22.2% |
| Components | $65.0M | 22.4% | +29.9% |
| Other | $55.3M | 19.1% | +2.7% |
| Naval | $37.3M | 12.9% | +41.9% |
| Space | $22.2M | 7.7% | +28.7% |
| Total revenue | $289.8M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MRCY customer concentration
In the period ended Jul 3, 2026, 3 direct customers each accounted for at least 10% (15%, 11%, 10%) of revenue, per the company's 10-K filed Aug 18, 2026. The company does not name them.
MRCY company outlook (results filed Aug 18, 2026)
- “Of the July 3, 2026 total backlog, $1.0 billion represents orders expected to be recognized as revenue within the next 12 months. 50 Minuteman Road, Andover, Massachusetts 01810 U.S.A. | +1-(978)-256-1300 | www.mrcy.com | X: @MRCY Mercury Reports Fourth Quarter and Fiscal 2026 Results, Page 3 Conference Call Information Management will host a conference call and simultaneous webcast at 5:00 p.m.”
- “ET on Tuesday, August 18, 2026, to discuss Mercury's quarterly financial results, business highlights and outlook.”
Quoted word-for-word from the SEC 8-K results press release.
MRCY analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.30 | $0.27 | +11.6% | $245.0M | 12 |
| Next quarter (ends Dec 2026) | $0.35 | $0.33 | +4.3% | $258.7M | 12 |
| Current fiscal year (ends Jun 2027) | $1.67 | $1.55 | +8.1% | $1.09B | 12 |
| Next fiscal year (ends Jun 2028) | $2.23 | $2.15 | +3.8% | $1.21B | 10 |
Key Statistics (as of October 23, 2026 at 09:21 UTC)
| Price | USD 75.56 |
|---|---|
| Change | ▲ 0.09% (up) |
| Previous Close | USD 75.56 |
| Open | USD 75.56 |
| Day Range | USD 73.73 – 76.23 |
| 52-Week Range | USD 65.04 – 128.45 |
| Volume | 478,732 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (MRCY)
Nexqual's technical model rates MRCY "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:21 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 39.64 (neutral) |
| vs SMA50 | Below (USD 85.24) |
| MACD | -3.02 (negative) |
Earnings (MRCY)
| Next Earnings Date | 2026-11-10 |
|---|---|
| EPS Estimate | USD 0.3 |
| Revenue Estimate | $245.00M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.37 vs est 0.38 ▼ miss |
| 2026-03-31 | USD 0.27 vs est 0.07 ▲ beat |
| 2025-12-31 | USD 0.16 vs est 0.06 ▲ beat |
| 2025-09-30 | USD 0.26 vs est 0.09 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financials & Fundamentals (MRCY)
| Total Revenue | $983.62M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +6.10% |
| Gross Margin | +28.59% |
| Operating Margin | +1.23% |
| Profit Margin | -3.02% |
| ROE | -2.00% |
| Debt / Equity | 0.34 |
| Current Ratio | 2.96 |
| Total Cash | $214.31M |
| Total Debt | $502.88M |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Ownership (MRCY)
| Insider Ownership | +1.14% |
|---|---|
| Institutional Ownership | +111.96% |
| Shares Outstanding | 60.86M |
| Float | 55.52M |
| Short % of Float | +9.70% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Leadership (MRCY)
Mercury Systems, Inc. is led by William L. Ballhaus, President, CEO & Chairman, per Nexqual as of October 23, 2026 at 09:21 UTC.
| President, CEO & Chairman | William L. Ballhaus |
|---|---|
| Executive VP & CFO | David E. Farnsworth |
| Chief Technology Officer | William Conley |
Major Backers & Investors (MRCY)
Notable institutional backers of Mercury Systems, Inc. include Jana Partners Management, Lp, Invesco, FMR, LLC, according to Nexqual as of October 23, 2026 at 09:21 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Jana Partners Management, Lp | 6.5% |
| Invesco | 4.39% |
| FMR, LLC | 3.03% |
| T. Rowe Price | 2.62% |
| First TRT Exch-Trd Fd. VI-First TRT RBA American Industrial Renaissanc | 2.62% |
| Goldman Sachs | 2.59% |
| Conestoga Capital Advisors, LLC | 2.44% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 15.4% |
| Vanguard Group | 8.96% |
| State Street | 5.62% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
From Mercury Systems, Inc.'s Latest SEC 10-K Filing (filed 2026-08-18)
Key Strengths & Strategy (as disclosed to the SEC)
- The Mercury Processing Platform now has an end-to-end suite of mission-critical processing technologies, comprising: Signal: Microwave and mixed-signal technology for analog and digital signal processing, including frequency conversion, signal conditioning/routing, digitization and low-latency FPGA processing.
- Our end-to-end processing ecosystem, the Mercury Processing Platform, is built on technologies we have developed and acquired over 40 years.
- We integrate purpose-built AI inference engines, including GPUs, Field Programmable Gate Arrays ("FPGA"), and low power processors, that deliver the right performance within tight SWaP constraints, enabling AI applications to operate reliably at the edge where our customers need them most.
- We use the latest Altera® programmable solutions, AMD FPGAs, as well as NVIDIA GPU products in our embedded high-performance processing technologies.
Partnerships
- In fiscal 2025, to support the Readiness 2030 initiative to enhance European Union and NATO military capabilities, we signed a strategic supply agreement with Cicor Group ("Cicor"), the leading European manufacturer for aerospace and defense.
- Our advisors estimate that U.S. growth, combined with increases in NATO defense budgets, could drive up to $1.5 trillion of additional spending over the next decade.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| KTOS | Kratos Defense & Security Solut | USD 38.27 | ▼ 1.21% |
| SARO | StandardAero, Inc. | USD 21.72 | ▲ 1.26% |
| CAE | CAE Inc | USD 25.02 | ▲ 2.08% |
| DRS | Leonardo DRS, Inc. | USD 34.3 | ▲ 1.06% |
| MOG-A | Moog Inc. | USD 341.71 | ▼ 6.96% |
| HII | Huntington Ingalls Industries, | USD 278.86 | ▲ 1.79% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:21 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt