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AI brief of an SEC Form 8-K · Mercury Systems (MRCY)

Mercury Systems Q2 revenue rises to $233 million; net loss narrows to $15 million

Mixed Impact 3 of 5 earnings Written later

Mercury Systems reported second-quarter fiscal 2026 results for the period ended December 26, 2025. Revenue rose to $233 million from $223 million a year earlier, and the GAAP net loss narrowed to $15 million, or $0.26 per share, from $18 million, or $0.30 per share. Cash flow weakened: free cash flow was $46 million, down from $82 million, and the filing gives no revenue or earnings guidance.

Key points

  • Q2 bookings were $288 million, up 18.6% year over year, with a book-to-bill of 1.23
  • Backlog reached $1.5 billion at December 26, 2025, up 8.8% year over year
  • Adjusted EBITDA was $30 million, up from $22 million, and adjusted EPS was $0.16 versus $0.07
  • Operating cash flow was $52 million versus $85 million, and free cash flow was $46 million versus $82 million

The filing

CompanyMercury Systems (MRCY)
Form8-K, current report
Filed with the SECFeb 3, 2026, 4:02 PM ET
Accession number0001049521-26-000004

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 03, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.