Aug. 19 at 12:11 AM
Mercury Systems reported fiscal Q4 2026 results after the market close, with adjusted EPS of
$0.37 vs.
$0.39 expected, while revenue beat estimates at
$289.8 million vs.
$265.4 million. The company also posted record bookings of
$660 million, a 2.28 book-to-bill ratio and a record backlog above
$1.9 billion, up 38.4% YoY, pointing to strong long-term defense demand.
However, the slight EPS miss weighed heavily because investors had already priced in strong results. The stock had gained more than 11% premarket the previous session and reached
$113.87 intraday, while analysts had issued eight negative EPS revisions in the prior 90 days. Piper Sandler recently initiated coverage with an Overweight rating and a
$126 target.
$MRCY