Record bookings for the quarter reached $660 million, lifting backlog to over $1.9 billion and indicating strong customer demand.
Higher Q4 SG&A and R&D expenses outweighed gross-margin gains, reducing operating income to $14.5 million from $23.6 million. Higher tax provision and a swing to other expense contributed to Q4 net income falling to $0.8 million from $16.4 million.
Key reported figures and analyst context
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$289.78 mln
$266.40 mln (10 Analysts)
Q4 Adjusted EPS
Miss
$0.37
$0.38 (10 Analysts)
Q4 Net Income
$798,000
Q4 Adjusted EBITDA
Beat
$48.51 mln
$45.83 mln (10 Analysts)
The current average analyst rating on the shares is buy, with 7 strong buy or buy, 3 hold, and 1 sell or strong sell. The average consensus recommendation for the aerospace & defense peer group is .
Wall Street's median 12-month price target for Mercury Systems Inc is $106.00, about 6.5% below its August 17 closing price of $113.36. The stock recently traded at 73 times the next 12-month earnings, versus a P/E of 56 three months ago.
Quarterly revenue beats estimates as bookings reach record high
Mercury Systems said fiscal fourth-quarter revenue rose 6.1%, beating analyst expectations, while adjusted EPS for the quarter missed consensus.
The US aerospace electronics firm reported record bookings and backlog, citing strong demand and solid execution.
Outlook points to backlog conversion and stronger organic growth
Mercury Systems expects to recognize $1.0 billion of its July 3 backlog as revenue within the next 12 months.
The company said it is increasing its outlook for organic growth in fiscal 2027, citing record backlog and strong demand as supporting an improved growth outlook.
MRCY•
