Earnings ·
Mercury Systems reports Q1 revenue of $253M and raises FY27 outlook as bookings hit record $370M
MRCYMercury Systems Inc
Mercury Systems reported first-quarter fiscal 2027 results with revenue of approximately $253 million, a 12.4% increase year-over-year, driven by record bookings of $370 million and a book-to-bill ratio of 1.46. GAAP net income was $13 million ($0.21 per diluted share), compared to a loss in the prior year period, while adjusted EBITDA reached a record $56 million with a margin of 22.3%. The company raised its full-year fiscal 2027 outlook, now expecting revenue approaching $1.1 billion and adjusted EBITDA around $210 million. Additionally, David Farnsworth was formally appointed Chief Operating Officer alongside his CFO role, and Brian Caulfield was named acting Chief Accounting Officer following the departure of Douglas Munro. Mercury Systems is a global leader in aerospace and defense electronics, providing signal and data processing solutions.