# Mercury Systems Inc: overview

MRCY · Nasdaq · CIK 1049521 · [Technology](/sectors/technology.md) · fiscal year ends Jun 30

Pages: [Overview](/companies/mrcy.md) · [Financials](/companies/mrcy/financials.md) · [Filings](/companies/mrcy/filings.md) · [Insiders](/companies/mrcy/insiders.md)

Latest reported revenue: [$289.8m](/filings/0001049521-26-000045.md) for Q4 FY2026, three months to 2026-07-03, from the 10-K filed Aug 18, 2026 (XBRL us-gaap:Revenues, accession 0001049521-26-000045).

## Last eight quarters

| Line item | Unit | Q1 FY2025 (2024-09-27) | Q2 FY2025 (2024-12-27) | Q3 FY2025 (2025-03-28) | Q4 FY2025 (2025-06-27) | Q1 FY2026 (2025-09-26) | Q2 FY2026 (2025-12-26) | Q3 FY2026 (2026-03-27) | Q4 FY2026 (2026-07-03) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [204](/filings/0001049521-25-000062.md) | [223](/filings/0001049521-26-000006.md) | [211](/filings/0001049521-26-000024.md) | [273 d](/filings/0001049521-26-000045.md) | [225](/filings/0001049521-25-000062.md) | [233](/filings/0001049521-26-000006.md) | [236](/filings/0001049521-26-000024.md) | [290 d](/filings/0001049521-26-000045.md) |
| Gross margin | % | [25.3%](/filings/0001049521-25-000062.md) | [27.3%](/filings/0001049521-26-000006.md) | [27.0%](/filings/0001049521-26-000024.md) | [31.0% d](/filings/0001049521-26-000045.md) | [27.9%](/filings/0001049521-25-000062.md) | [26.0%](/filings/0001049521-26-000006.md) | [29.3%](/filings/0001049521-26-000024.md) | [30.6% d](/filings/0001049521-26-000045.md) |
| Operating margin | % | [(6.6%)](/filings/0001049521-25-000062.md) | [(5.6%)](/filings/0001049521-26-000006.md) | [(8.2%)](/filings/0001049521-26-000024.md) | [8.6% d](/filings/0001049521-26-000045.md) | [(3.8%)](/filings/0001049521-25-000062.md) | [(4.6%)](/filings/0001049521-26-000006.md) | [2.2%](/filings/0001049521-26-000024.md) | [5.0% d](/filings/0001049521-26-000045.md) |
| Net margin | % | [(8.6%)](/filings/0001049521-25-000062.md) | [(7.9%)](/filings/0001049521-26-000006.md) | [(9.1%)](/filings/0001049521-26-000024.md) | [6.0% d](/filings/0001049521-26-000045.md) | [(5.6%)](/filings/0001049521-25-000062.md) | [(6.5%)](/filings/0001049521-26-000006.md) | [(1.2%)](/filings/0001049521-26-000024.md) | [0.3% d](/filings/0001049521-26-000045.md) |
| Diluted EPS | $ per share | [(0.30)](/filings/0001049521-25-000062.md) | [(0.30)](/filings/0001049521-26-000006.md) | [(0.33)](/filings/0001049521-26-000024.md) | not reported | [(0.21)](/filings/0001049521-25-000062.md) | [(0.26)](/filings/0001049521-26-000006.md) | [(0.04)](/filings/0001049521-26-000024.md) | not reported |
| Free cash flow | $m | [(20.9)](/filings/0001049521-25-000062.md) | [81.9 d](/filings/0001049521-26-000006.md) | [24.1 d](/filings/0001049521-26-000024.md) | [34.0 d](/filings/0001049521-26-000045.md) | [(4.4)](/filings/0001049521-25-000062.md) | [45.7 d](/filings/0001049521-26-000006.md) | [(1.8) d](/filings/0001049521-26-000024.md) | [28.6 d](/filings/0001049521-26-000045.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2022 (2022-07-01) | FY2023 (2023-06-30) | FY2024 (2024-06-28) | FY2025 (2025-06-27) | FY2026 (2026-07-03) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [988](/filings/0001049521-24-000029.md) | [974](/filings/0001049521-25-000024.md) | [835](/filings/0001049521-26-000045.md) | [912](/filings/0001049521-26-000045.md) | [984](/filings/0001049521-26-000045.md) |
| Gross margin | % | [40.0%](/filings/0001049521-24-000029.md) | [32.5%](/filings/0001049521-25-000024.md) | [23.5%](/filings/0001049521-26-000045.md) | [27.9%](/filings/0001049521-26-000045.md) | [28.6%](/filings/0001049521-26-000045.md) |
| Operating margin | % | [3.2%](/filings/0001049521-24-000029.md) | [(2.2%)](/filings/0001049521-25-000024.md) | [(17.7%)](/filings/0001049521-26-000045.md) | [(2.2%)](/filings/0001049521-26-000045.md) | [0.0%](/filings/0001049521-26-000045.md) |
| Net margin | % | [1.1%](/filings/0001049521-24-000029.md) | [(2.9%)](/filings/0001049521-25-000024.md) | [(16.5%)](/filings/0001049521-26-000045.md) | [(4.2%)](/filings/0001049521-26-000045.md) | [(3.0%)](/filings/0001049521-26-000045.md) |
| Diluted EPS | $ per share | [0.20](/filings/0001049521-24-000029.md) | [(0.50)](/filings/0001049521-25-000024.md) | [(2.38)](/filings/0001049521-26-000045.md) | [(0.65)](/filings/0001049521-26-000045.md) | [(0.50)](/filings/0001049521-26-000045.md) |
| Free cash flow | $m | [(46.5)](/filings/0001049521-24-000029.md) | [(60.1)](/filings/0001049521-25-000024.md) | [26.1](/filings/0001049521-26-000045.md) | [119](/filings/0001049521-26-000045.md) | [68.1](/filings/0001049521-26-000045.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/mrcy/insiders.md)

| Date | Insider | Role | Transaction | Shares | Reported price | Value | Filing |
| --- | --- | --- | --- | ---: | ---: | ---: | --- |
| 2026-10-21 | [Kupinsky Stuart](/insiders/1289593.md) | EVP, CLO & Corp Sec, Officer | Sale (S) | 1,000 | $76.00 | $76.0k | [Form 4](/filings/0001049521-26-000085.md) |

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.15bn | 9,370,902 |  | Added +450,577 |
| [JANA Partners Management, LP](/funds/1998597.md) | 2026-06-30 | $484.3m | 3,958,849 |  | Reduced −148,575 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $418.0m | 3,418,290 |  | Reduced −447,429 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $370.8m | 3,031,459 |  | Added +120,555 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $326.6m | 2,669,450 |  | Added +227,872 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $296.4m | 2,422,629 |  | Added +18,811 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $225.3m | 1,842,103 |  | Added +938,435 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $192.8m | 1,575,727 |  | Added +374,615 |
| [Conestoga Capital Advisors, LLC](/funds/1163744.md) | 2026-06-30 | $181.9m | 1,487,191 |  | Reduced −431,400 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $178.6m | 1,459,574 |  | Reduced −66,142 |

## Recent filings

[All 1,285 filings](/companies/mrcy/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-18 | 16:01 ET | [8-K](/filings/0001049521-26-000081.md) | 8.01 Other events | 0001049521-26-000081 |
| 2026-09-17 | 16:01 ET | [DEF 14A](/filings/0001049521-26-000077.md) | Proxy statement, period 2026-07-03 | 0001049521-26-000077 |
| 2026-09-16 | 08:05 ET | [8-K](/filings/0001049521-26-000073.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001049521-26-000073 |
| 2026-08-18 | 17:05 ET | [10-K](/filings/0001049521-26-000045.md) | Annual report, period 2026-07-03 | 0001049521-26-000045 |
| 2026-08-18 | 16:01 ET | [8-K](/filings/0001049521-26-000043.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001049521-26-000043 |
| 2026-05-05 | 17:03 ET | [10-Q](/filings/0001049521-26-000024.md) | Quarterly report, period 2026-03-27 | 0001049521-26-000024 |
| 2026-05-05 | 16:00 ET | [8-K](/filings/0001049521-26-000021.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001049521-26-000021 |
| 2026-03-04 | 21:46 ET | [SCHEDULE 13D/A](/filings/0000902664-26-001433.md) | Ownership report, active investor, amended | 0000902664-26-001433 |
| 2026-02-03 | 17:08 ET | [10-Q](/filings/0001049521-26-000006.md) | Quarterly report, period 2025-12-26 | 0001049521-26-000006 |
| 2026-02-03 | 16:02 ET | [8-K](/filings/0001049521-26-000004.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001049521-26-000004 |

## Latest annual report

[Form 10-K for the fiscal year ended Jul 3, 2026](/filings/0001049521-26-000045.md), filed Aug 18, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1049521
- Tickers: MRCY
- Exchange: Nasdaq
- SIC code: 3670 Electronic Components & Accessories
- State of incorporation: MA
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 13:57 ET. No prices; not investment advice.