The financials
Mercury Systems, Inc. by the numbers
Mercury Systems, Inc. (MRCY) reported revenue of $236M in Q3 2026 (quarter ended March 27, 2026), up 12% from the same quarter a year earlier. That came with a gross margin of 29% and net loss of $2.9M. For the full year FY2025, revenue was $912M (+9.2% year on year) and net income −$38M. Its largest product in 2026-Q1 was Modules And Sub Assemblies at $76M, 33% of the disclosed total, just ahead of Land at 23%.
| Income statement | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $236M | $211M | +12% |
| Gross profit | $69M | $57M | +21% |
| Operating income | $5.2M | −$17M | to a profit |
| Net income | −$2.9M | −$19M | n/a |
| Diluted EPS | −$0.04 | −$0.33 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Modules And Sub Assemblies | $76M | 33% |
| Land | $53M | 23% |
| Components | $46M | 20% |
| Naval | $30M | 13% |
| Space | $25M | 11% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $229.8M (+13%)
Space grew +120% year on yearComponents -8.1% year on year
Segment Latestquarter on quarteryear on year
- Modules And Sub Assemblies$75.9M$75.9MQoQ +25%year on year +30%+25%+30%
- Land$52.8M$52.8MQoQ -11%year on year +56%-11%+56%
- Components$45.9M$45.9MQoQ -5.7%year on year -8.1%-5.7%-8.1%
- Naval$29.8M$29.8MQoQ +25%year on year +68%+25%+68%
- Space$25.4M$25.4MQoQ +113%year on year +120%+113%+120%
Aerospace & Defense
Ranks #7 of 48 by Smart Score