Mercury Systems Q4 FY26 GAAP net income turns to USD 1 million; revenue rises 6.1% to USD 290 million - MRCY News | RalliesMercury Systems Q4 FY26 GAAP net income turns to USD 1 million; revenue rises 6.1% to USD 290 million
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MRCY• Q4 FY26 results
- Mercury Systems posted Q4 FY2026 revenue of $290 million, up 6.1% year-over-year, alongside record bookings of $660 million, up 93.1%.
- Backlog climbed 38.4% from a year earlier to more than $1.9 billion, with $1 billion expected to convert to revenue within 12 months.
- GAAP net income fell to $1 million, while GAAP diluted EPS eased to $0.01.
- Non-GAAP adjusted EBITDA slipped to $49 million, but margin rose to 16.7%; free cash flow edged down to $29 million.
- CEO Bill Ballhaus cited solid execution and strong demand signals, raising the outlook for organic growth entering FY2027.
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