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

Mercury Systems Q3 revenue rises 11.5% to $236 million; record $348 million bookings

Positive Impact 3 of 5 earnings Written later

Mercury Systems reported third-quarter fiscal 2026 results, with revenue rising 11.5% to $236 million and the GAAP net loss narrowing to $3 million from $19 million a year earlier. Record bookings of $348 million and a backlog of approximately $1.6 billion point to continued demand, though free cash flow was negative at $(2) million for the quarter.

Key points

  • Revenue of $236 million for the quarter ended March 27, 2026, up from $211 million a year earlier
  • Bookings of $348 million, a book-to-bill ratio of 1.48, and backlog of approximately $1.6 billion, up approximately $240 million year over year
  • GAAP net loss of $3 million, or $0.04 per share, compared with a net loss of $19 million, or $0.33 per share, a year earlier
  • Adjusted EBITDA of $36 million, up from $25 million, while free cash flow was $(2) million versus $24 million a year earlier

The filing

CompanyMercury Systems (MRCY)
Form8-K, current report
Filed with the SECMay 5, 2026, 4:00 PM ET
Accession number0001049521-26-000021

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits 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 May 05, 2026.

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