Mercury Systems Q3 revenue rises 11.5%, beats estimates

Mercury Systems

05/05/2026 21:20

Overview

U.S. aerospace tech firm's fiscal Q3 revenue rose 11.5%, beating analyst expectations

Adjusted EBITDA for fiscal Q3 up 46.2%, beating analyst expectations

Company reported record Q3 bookings and backlog, driven by strong demand

Outlook

Company did not provide specific guidance for the current or upcoming periods

Result Drivers

STRONG DEMAND - Co said record bookings and backlog reflected strong demand for its products

EXECUTION - Management attributed better-than-expected organic growth and margin expansion to solid execution

Company press release: ID:nGNX5bpdFb

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$236 mln
$209.87 mln (9 Analysts)
Q3 EPS
-$0.04
Q3 Net Income
-$2.86 mln
Q3 Adjusted EBITDA
Beat
$36 mln
$22.79 mln (9 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Mercury Systems Inc is $102.00, about 29.9% above its May 4 closing price of $78.53

The stock recently traded at 56 times the next 12-month earnings vs. a P/E of 72 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)