The financials
Mercury Systems, Inc. by the numbers
Mercury Systems, Inc. (MRCY) reported revenue of $236M in Q3 2026 (quarter ended Mar 27, 2026), up 12% from the same quarter a year earlier. That came with a gross margin of 29% and net loss of $2.9M. For the full year FY2025, revenue was $912M (+9.2% year on year) and net income −$38M. Its largest product in Jun 2026 was Land at $65M, 34.4% of the disclosed total, just ahead of Components at 34.3%.
| Income statement | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $236M | $211M | +12% |
| Gross profit | $69M | $57M | +21% |
| Operating income | $5.2M | −$17M | to a profit |
| Net income | −$2.9M | −$19M | n/a |
| Diluted EPS | −$0.04 | −$0.33 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Land | $65M | 34% |
| Components | $65M | 34% |
| Naval | $37M | 20% |
| Space | $22M | 12% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $189.7M (-17%)
Naval grew +42% year on yearLand +22% year on year
Segment Latestquarter on quarteryear on year
- Land$65.2M$65.2MQoQ +24%year on year +22%+24%+22%
- Components$65.0M$65.0MQoQ +42%year on year +30%+42%+30%
- Naval$37.3M$37.3MQoQ +25%year on year +42%+25%+42%
- Space$22.2M$22.2MQoQ -13%year on year +29%-13%+29%
Aerospace & Defense
Ranks #8 of 33 by Smart Score