Mercury Systems Quarterly Income Statement
NASDAQ: MRCYTechnologyElectrical ProductsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Mercury Systems revenue and earnings
In the quarter ended Jul 3, 2026, Mercury Systems generated $289.8 million in revenue, up 6.1% from the same quarter a year earlier. Net income was $798,000 (-95.1% year over year), for a net margin of 0.3% versus a median of -5.6% in the prior 5 quarters. Gross margin was 30.6% (down from 31.0%) and operating margin 5.0%.
Diluted earnings per share came in at $0.01, down from $0.28.
Summary generated from market data by MetaCap's automated system. Methodology
Mercury Systems income statement (quarterly)
| Quarter (USD) | Q4 20262026-07-03 | Q3 20262026-03-27 | Q2 20262025-12-26 | Q1 20262025-09-26 | Q4 20252025-06-27 | Q3 20252025-03-28 | Q2 20252024-12-27 | Q1 20252024-09-27 | Q4 20242024-06-28 | Q3 20242024-03-29 | Q2 20242023-12-29 | Q1 20242023-09-29 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 289.78M | 235.76M | 232.87M | 225.21M | 273.11M | 211.36M | 223.13M | 204.43M | 248.56M | 208.26M | 197.46M | 180.99M |
| Revenue growth (YoY) | +6.11% | +11.54% | +4.37% | +10.16% | +9.87% | +1.49% | +13.00% | +12.95% | -1.85% | -20.96% | -13.99% | -20.47% |
| Cost of Revenue | 201.20M | 166.71M | 172.24M | 162.31M | 188.34M | 154.25M | 162.30M | 152.64M | 175.35M | 167.62M | 165.94M | 130.46M |
| Gross Profit | 88.58M | 69.05M | 60.63M | 62.90M | 84.77M | 57.11M | 60.83M | 51.79M | 73.21M | 40.64M | 31.52M | 50.53M |
| Operating Expenses | 74.12M | 63.82M | 71.45M | 71.50M | 61.22M | 74.45M | 73.24M | 65.21M | 81.18M | 86.30M | 85.45M | 90.73M |
| Research & Development | 16.16M | 15.01M | 15.38M | 13.18M | 11.91M | 15.98M | 21.37M | 18.38M | 19.42M | 21.56M | 28.48M | 31.87M |
| Selling, General & Admin | 47.85M | 39.14M | 42.14M | 45.91M | 37.71M | 43.04M | 40.50M | 33.15M | 43.37M | 43.16M | 44.47M | 35.79M |
| Operating Income | 14.46M | 5.23M | -10.82M | -8.60M | 23.55M | -17.34M | -12.41M | -13.42M | -7.97M | -45.66M | -53.93M | -40.20M |
| Interest Expense | 6.52M | 7.33M | 7.85M | 7.89M | 8.03M | 8.07M | 8.43M | 8.91M | 9.16M | 9.32M | 8.67M | 7.86M |
| Other Income (Expense) | -1.69M | -3.09M | -440.00K | -2.08M | 1.93M | 2.30M | -3.87M | -1.34M | -2.00M | -2.78M | -1.15M | -1.77M |
| Pretax Income | 7.79M | -2.69M | -17.46M | -16.54M | 18.82M | -21.82M | -24.30M | -23.12M | -18.60M | -57.22M | -63.72M | -49.73M |
| Income Tax | 7.00M | 174.00K | -2.36M | -4.02M | 2.45M | -2.65M | -6.72M | -5.59M | -7.82M | -12.64M | -18.14M | -13.03M |
| Net Income | 798.00K | -2.86M | -15.10M | -12.52M | 16.37M | -19.17M | -17.58M | -17.52M | -10.78M | -44.57M | -45.58M | -36.71M |
| Net Income growth (YoY) | -95.13% | — | — | — | — | — | — | — | — | -964.51% | — | — |
| EPS (Basic) | 0.01 | -0.04 | -0.26 | -0.21 | 0.28 | -0.33 | -0.30 | -0.30 | -0.18 | -0.77 | -0.79 | -0.64 |
| EPS (Diluted) | 0.01 | -0.04 | -0.26 | -0.21 | 0.28 | -0.33 | -0.30 | -0.30 | -0.18 | -0.77 | -0.79 | -0.64 |
| Shares Outstanding (Basic) | — | 59.42M | 59.41M | 59.19M | — | 58.75M | 58.56M | 58.26M | — | 57.70M | 57.42M | 57.10M |
| Shares Outstanding (Diluted) | — | 59.42M | 59.41M | 59.19M | — | 58.75M | 58.56M | 58.26M | — | 57.70M | 57.42M | 57.10M |
| EBITDA | 31.98M | 23.19M | 7.48M | 10.32M | 43.52M | 2.57M | 8.51M | 7.80M | 13.42M | -23.90M | -31.74M | -17.51M |
| Gross Margin | 30.57% | 29.29% | 26.04% | 27.93% | 31.04% | 27.02% | 27.26% | 25.33% | 29.45% | 19.52% | 15.96% | 27.92% |
| Operating Margin | 4.99% | 2.22% | -4.65% | -3.82% | 8.62% | -8.21% | -5.56% | -6.56% | -3.21% | -21.92% | -27.31% | -22.21% |
| Net Margin | 28.00% | -121.00% | -6.48% | -5.56% | 5.99% | -9.07% | -7.88% | -8.57% | -4.34% | -21.40% | -23.08% | -20.28% |
This table shows 12 quarterly periods of Mercury Systems's income statement, from Q4 2026 back to Q1 2024, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow MRCY's reporting calendar. What is a income statement?