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Mercury Systems Inc(MRCY)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for MRCY
09/15/2026: MRCY (2-star) is currently NOT-A-BUY. Pass it for now.
Mercury Systems is a specialized provider of secure, high-performance processing hardware and sensor technology for the defense and aerospace sectors. The company is known for its expertise in ruggedized computing, which is increasingly critical for modern military platforms. Its main investment story centers on the successful execution of an operational turnaround plan designed to improve margins and simplify its product portfolio. Key risks include heavy dependence on US defense budget cycles and potential competition from prime contractors who may choose to insource similar technology. The stock may best suit growth-oriented investors with an appetite for defense-tech exposure and the patience to monitor the progress of its current operational restructuring.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company's pivot to organic growth makes it a conditional growth play depending on successful execution. |
| Momentum investor | Weak fit | The stock lacks strong positive momentum as it works through a multi-year operational turnaround. |
| Value investor | Mixed fit | Valuation may appeal to some, but earnings uncertainty complicates a traditional value thesis. |
| Dividend investor | Weak fit | Mercury Systems does not pay a dividend and focuses capital on growth. |
| Low-risk investor | Weak fit | Defense sub-contracting and operational volatility create a risk profile unsuitable for low-risk investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is susceptible to swings based on defense budget news and earnings results. |
| Valuation risk | Medium | Market expectations for a margin turnaround are baked into current pricing. |
| Competition risk (Defense Prime capability) | Medium / high | Large primes may choose to insource technology rather than purchase from Mercury. |
| Business quality | Medium | The company provides essential technology but faces cyclical program exposure. |
| Dividend income | Low / none | No dividend payments are provided. |
| Execution risk | Medium / high | The company's ability to successfully deliver its turnaround plan is critical. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit 15.8% | Avg. Invested days 38 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 09/15/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.23B USD | Price to earnings Ratio - | 1Y Target Price 115.7 |
Price to earnings Ratio - | 1Y Target Price 115.7 | ||
Volume (30-day avg) 772.2K shares | Beta 0.98 | 52 Weeks Range 65.04 - 128.45 | Updated Date 09/15/2026 |
52 Weeks Range 65.04 - 128.45 | Updated Date 09/15/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.5 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Embedded Computing | Processing boards, subsystems, and ruggedized servers. | Mercury provides the 'brains' for defense electronics, selling high-tech hardware for harsh environments. |
| RF, Microwave, and Sensor Solutions | Radar and electronic warfare components. | The company makes specialized sensors and signals intelligence hardware for military platforms. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-08-18 | When After Market | Estimate 0.2 | Actual 0.18 |
Profitability
Profit Margin -3.02% | Operating Margin (TTM) 1.23% |
Management Effectiveness
Return on Assets (TTM) 0.2% | Return on Equity (TTM) -2% |
Valuation
Trailing PE - | Forward PE 49.02 | Enterprise Value 5.15B | Price to Sales(TTM) 5.32 |
Enterprise Value 5.15B | Price to Sales(TTM) 5.32 | ||
Enterprise Value to Revenue 5.23 | Enterprise Value to EBITDA 70.13 | Shares Outstanding 60.14M | Shares Floating 55.48M |
Shares Outstanding 60.14M | Shares Floating 55.48M | ||
Percent Insiders 1.48 | Percent Institutions 113.73 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Mercury Systems Inc
Exchange NASDAQ | Headquarters Andover, MA, United States | ||
IPO Launch date 1998-01-30 | President, CEO & Chairman Dr. William L. Ballhaus | ||
Sector Industrials | Industry Aerospace & Defense | Full time employees 2102 | Website https://www.mrcy.com |
Full time employees 2102 | Website https://www.mrcy.com | ||
Mercury Systems, Inc., engages in the aerospace and defense electronics industry. The company manufactures and sells components, products, modules, and subsystems for defense prime contractors, original equipment manufacturers, government, and commercial aerospace companies. It offers components, including power amplifiers and limiters, switches, oscillators, filters, equalizers, digital and analog converters, chips, monolithic microwave integrated circuits, and memory and storage devices; modules and sub-assemblies, such as embedded processing boards, switched fabrics and boards, digital receivers, multi-chip modules, integrated radio frequency and microwave multi-function assemblies, tuners, and transceivers, as well as graphics and video; and integrated subsystems. The company also designs, develops, and manufactures digital radio frequency memory units for various modern electronic warfare applications; radar environment simulation and test systems for defense and intelligence applications; and signals intelligence payloads and EO/IR technologies for small UAV platforms, as well as onboard UAV processor systems for real-time wide area motion imagery. It operates in the United States, Europe, and the Asia Pacific. The company was formerly known as Mercury Computer Systems, Inc. and changed its name to Mercury Systems, Inc. in November 2012. Mercury Systems, Inc. was incorporated in 1981 and is headquartered in Andover, Massachusetts.
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