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Mercury Systems Inc (MRCY) stock

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NASDAQ: MRCY Nasdaq Electronic Equipment & Instruments Next results ~November 10, 2026

Mercury Systems Inc is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$40

Valuation models combined (2)

Base case. Range ~$40–$41. Weighted average of 2 models (forward price-to-earnings vs peers, forward price-to-sales vs peers).

Price vs value

No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Mercury Systems Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 9 selling0 purchases and 47 sales by directors and officers, last 12 monthsInsider trades
  • Funds208 adding, 175 cuttingOf 59 active managers that changed their stake, 29 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Next results ~November 10, 2026 (estimated)

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Mercury Systems Inc's latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Volatile shares. Over the past year the shares showed annualised volatility of 57% and a beta of 2.1 against the S&P 500.
  • Insiders selling. 9 insiders sold $194M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Heavily shorted. 10.8% of the shares available to trade are sold short (9.4 days of average volume to cover).

Latest results

Earnings per share
$0.37 against an average estimate of $0.38: missed by 3.3%
Share reaction
-10.7% in the first session after the results on August 18, 2026, against -0.5% for the S&P 500
Next report
November 10, 2026; average EPS estimate $0.30

Mercury Systems' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.2%
  • 1 week-2.9%
  • 1 month-8.8%
  • This year+6.0%
  • 1 year-0.1%
  • 5 years+46.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Earnings

Last results
August 18, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Agreement
  3. Insider trade
  4. Insider trade
  5. Insider trade
  6. Insider trade
  7. Insider trade
  8. Insider trade
  9. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Mercury Systems Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Valuation models

We value Mercury Systems Inc as an operating company, with every model that fits that kind of business. Cost of equity 10.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.29 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: no revenue, margin or share count to start from
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$40 ~$32–$55 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: no twelve-month earnings or share count in the filings yet
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: no twelve-month earnings or share count in the filings yet
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$41 ~$33–$98 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$40 ~$40–$41 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Mercury Systems Inc with Electronic Equipment & Instruments in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 10, 2026, after the close. Analysts expect revenue of $245m and EPS of $0.30 (range $0.26 to $0.33) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.67 +58% $1.1bn +10%
Next $2.23 +34% $1.2bn +12%

Next year's EPS estimate has moved +3.8% in 90 days, across 10 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +8.1% on 90 days ago. In the last 30 days, 6 analysts raised Mercury Systems Inc's forecast and 1 cut it.

Consensus EPS forecast Mercury Systems Inc, last 90 days
$1.40 $1.60 $1.80 $2.00 $2.20 $2.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.55 Current fiscal year, 60 days ago: $1.67 Current fiscal year, 30 days ago: $1.67 Current fiscal year, 7 days ago: $1.67 Current fiscal year, Now: $1.67 $1.67 Next fiscal year, 90 days ago: $2.15 Next fiscal year, 60 days ago: $2.24 Next fiscal year, 30 days ago: $2.23 Next fiscal year, 7 days ago: $2.23 Next fiscal year, Now: $2.23 $2.23

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.55$2.15
60 days ago $1.67$2.24
30 days ago $1.67$2.23
7 days ago $1.67$2.23
Now $1.67$2.23

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.38 $0.37 −3.3%
Mar 2026 $0.07 $0.27 +289.8%
Dec 2025 $0.06 $0.16 +148.3%
Sept 2025 $0.09 $0.26 +198.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

12 analysts, Oct 2026
Buy975%
Hold217%
Sell18%

Monthly trend

  1. Oct 2026272112
  2. Sep 2026262111
  3. Aug 2026252110
  4. Jul 202615219

Counts of recommendations published by analysts covering Mercury Systems Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
10.8%
of tradable shares
Days to cover
9.41
at average volume
Short interest, 1 month
+10%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.2%
of shares
Employees
2,102
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MRCY−38%−19%−18%+15%+74%+6%
Industry peers (median)0%−38%+25%−1%−7%−21%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MRCY42%58%42%50%58%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MRCY−49%−42%−44%−28%−21%−41%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 72% from April 29, 2020 to February 8, 2024. Getting back needed a 254% gain, reached on January 9, 2026, 701 days after the low.

Price behaviour

52-week range
$66.12 – $126.21
From 52-week high
−38.7%
vs 50-day average
−5.3%
vs 200-day average
−15.4%
Volatility (1 year)
57%
Beta vs S&P 500
2.12

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±13.5%
After a week
5 up, 7 down
typical move ±12.6%
After a month
9 up, 3 down
typical move ±14.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 18, 2026 −10.7% −0.5% −22.6% −24.0%
May 5, 2026 +16.7% +2.2% +17.6% +50.0%
February 3, 2026 −17.9% −1.3% −10.2% −9.5%
November 4, 2025 +0.5% −0.8% −6.5% −8.3%
August 11, 2025 +28.8% +0.9% +26.4% +35.7%
May 6, 2025 −6.3% −0.4% −8.7% +1.7%
April 1, 2025 +4.7% +0.9% −0.3% +16.1%
February 4, 2025 +18.8% +1.1% +11.4% +4.3%
November 5, 2024 +27.0% +3.7% +31.2% +15.4%
August 13, 2024 +17.9% +2.0% +14.1% +8.5%
May 7, 2024 −1.4% +0.1% −0.9% +3.4%
February 6, 2024 −11.5% +1.1% −0.8% +1.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms . Generated November 3, 2026. Definitions in our methodology.

Where the revenue comes from

Fiscal year to July 3, 2026
Products and services
Line of business Revenue YoY
Integrated Subsystems $489M ▲ 2.7%
Total Sensor and Effector Applications $448M ▲ 22.5%
C4 iApplications $400M ▲ 0.4%
Airborne $373M ▼ 9.3%
Modules and Subassemblies $290M ▲ 17.7%
Land $220M ▲ 32.3%
Components $205M ▲ 8.0%
Other $203M ▲ 5.3%
Radar End User Applications $189M ▲ 11.2%
Other Sensor and Effector Applications $146M ▲ 47.4%
Other End User Applications $136M ▼ 8.3%
Electronic Warfare End User Applications $113M ▲ 16.9%
Naval $111M ▲ 27.3%
Space $78M ▲ 39.4%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
United States $844M 85.8% ▲ 13.0%
Outside the US $140M 14.2% ▼ 15.5%

From Mercury Systems Inc's 10-K filed August 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$8B
Institutions reporting
389
Shares held vs prior quarter
▲ 0.7%
Positions opened / closed
80 / 43

Top buyers and sellers, Q2 2026: 208 institutions bought and 175 sold ; the biggest buyer was FMR LLC (+938K shares) and the biggest seller Ameriprise Financial Inc (−493K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.1B 9.4M 14.3% ▲ 5.1%
Jana Partners Management, LP $484M 4.0M 6.0% ▼ 3.6%
State Street Corp $418M 3.4M 5.2% ▼ 11.6%
Vanguard Portfolio Management LLC $371M 3.0M 4.6% ▲ 4.1%
Invesco Ltd. $327M 2.7M 4.1% ▲ 9.3%
Vanguard Capital Management LLC $296M 2.4M 3.7% ▲ 0.8%
FMR LLC $225M 1.8M 2.8% ▲ 103.8%
T. Rowe Price Investment Management, Inc. $195M 1.6M 2.4% ▲ 1.0%
Goldman Sachs Group Inc $193M 1.6M 2.4% ▲ 31.2%
Conestoga Capital Advisors, LLC $182M 1.5M 2.3% ▼ 22.5%
Geode Capital Management, LLC $179M 1.5M 2.2% ▼ 4.3%
First Trust Advisors LP $159M 1.3M 2.0% ▲ 11.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mercury Systems Inc's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $194M 47 trades by 9 insiders · 0% under pre-set plans
Net ▼ $194M net selling
Insider Date Trade Shares Price Value
Kupinsky Stuart EVP, CLO & Corp Sec October 21, 2026 Sell pre-set plan 1,000 $76.00 $76,000
Kupinsky Stuart EVP, CLO & Corp Sec September 21, 2026 Sell pre-set plan 1,000 $86.52 $86,520
Ratner Steven EVP, CHRO September 3, 2026 Sell 4,000 $84.51 $338,040
Ballhaus William L Chairman, President & CEO August 26, 2026 Sell 38,276 $88.91 $3.4M
Ballhaus William L Chairman, President & CEO August 26, 2026 Sell 10,814 $89.74 $970,448
Ballhaus William L Chairman, President & CEO August 25, 2026 Sell 107,628 $87.09 $9.4M
Ballhaus William L Chairman, President & CEO August 25, 2026 Sell 3,448 $87.99 $303,390
Ballhaus William L Chairman, President & CEO August 24, 2026 Sell 2,738 $90.60 $248,063
Ballhaus William L Chairman, President & CEO August 24, 2026 Sell 105,471 $89.47 $9.4M
Ballhaus William L Chairman, President & CEO August 21, 2026 Sell 204 $93.51 $19,076
Ballhaus William L Chairman, President & CEO August 21, 2026 Sell 64,796 $92.40 $6M
Kupinsky Stuart EVP, CLO & Corp Sec August 21, 2026 Sell pre-set plan 1,000 $95.23 $95,230

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 18, 2026
  • May 5, 2026
  • February 3, 2026
  • November 4, 2025
  • August 11, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Mercury Systems Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Mercury Systems Inc in brief

What does Mercury Systems Inc do?
Mercury Systems Inc is a US-listed company in the electronic equipment & instruments industry. Its financial year ends in June.
What is Mercury Systems Inc's stock ticker?
Mercury Systems Inc trades under the ticker MRCY on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
Who are Mercury Systems Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Jana Partners Management, LP and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Are insiders buying or selling Mercury Systems Inc stock?
Over the last 12 months, Mercury Systems Inc's directors and officers reported 0 open-market purchases and 47 sales on Form 4. The insider trading page charts every trade.
When is Mercury Systems Inc's next earnings date?
Around November 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Mercury Systems Inc announces its own schedule.