Mercury Systems Reports Q1 FY27 Results with Earnings and Revenue Beats
Mercury Systems (MRCY) reported first-quarter fiscal 2027 results that exceeded analyst expectations for both earnings and revenue. The company posted a Non-GAAP EPS of $0.52, surpassing estimates by $0.22, while revenue reached $253 million, representing a 12.4% increase year-over-year and beating projections by $8 million. The company demonstrated significant growth in its order pipeline, reporting record Q1 bookings of $370 million, a 48% increase compared to the previous year. This surge contributed to a strong book-to-bill ratio of 1.46 and pushed the total backlog toward $2.1 billion, marking a 44.7% year-over-year improvement in its secured future work.
Tickers: $MRCY
Topics: backlog bookings earnings beat revenue growth