MRCY•Mercury Systems reported fiscal first-quarter revenue of $253 million, up 12% and above analyst expectations, and adjusted EPS of $0.52. It raised its FY27 outlook and reported a record $2.1 billion backlog.
Fiscal first-quarter revenue rose 12% to $253 million, beating the $244.93 million analyst consensus. Adjusted EPS was $0.52, compared with expectations of $0.30; adjusted EBITDA was $56 million versus $39.14 million expected, and net income was $13 million.
Bookings increased 48% year over year, and the company reported a book-to-bill ratio of 1.46 and a record backlog approaching $2.1 billion. More than $1 billion of backlog is expected to be recognized as revenue in the next 12 months. Mercury Systems raised its FY27 outlook, citing strong first-quarter execution.
