Mercury Systems — First Quarter Fiscal 2027 Earnings Summary

Mercury Systems reported record first-quarter fiscal 2027 bookings of $370 million, representing a 48.0% year-over-year increase, which drove total backlog to nearly $2.1 billion. Revenue for the quarter reached approximately $253 million, a 12.4% rise from the prior year, while GAAP net income turned positive at $13 million compared to a loss in the previous period. The company achieved a record adjusted EBITDA of $56 million with a margin of 22.3%, and management raised its outlook for the full fiscal year 2027 based on this performance. Additionally, Dave Farnsworth's title was updated to include Chief Operating Officer alongside his role as Chief Financial Officer.