Mercury Systems Reports Strong Q1 2027 Results with Record Backlog and Raised Guidance
Mercury Systems (MRCY) delivered a robust first quarter for fiscal 2027, characterized by significant growth in revenue and bookings. The company reported quarterly revenue of $253.2 million, a 12.4% increase year-over-year, while bookings surged 48% to $370 million. This surge was primarily driven by heightened demand for electronic warfare applications, radar programs, and advanced weapon systems. The company's financial health improved significantly, transitioning from a GAAP net loss in the prior year to a net income of $13.1 million. A record total backlog of $2.1 billion provides strong visibility into future revenue streams. Consequently, management has raised its full-year fiscal 2027 revenue guidance to approximately $1.1 billion and increased its free cash flow conversion expectations.
Tickers: $MRCY
Topics: Backlog Increase EBITDA Margin Expansion Financial Performance Revenue Growth