Mercury Systems Posts $253 Million in Fiscal Q1 2027 Revenue

Mercury Systems, Inc. posted $253 million in fiscal 2027 first-quarter revenue and raised its outlook for the year, as bookings climbed 48% from a year earlier.

Revenue increased 12.4% from $225 million in the year-earlier quarter. Adjusted earnings per share came to $0.52. GAAP net income was $13 million, or $0.21 per diluted share, compared with a net loss of $13 million, or $0.21 per share, a year earlier.

Bookings reached $370 million. Backlog approached $2.1 billion, up 44.7% year over year.

The company raised its fiscal 2027 outlook for revenue, adjusted EBITDA and free-cash-flow conversion.