Mercury Systems (MRCY) experienced a significant 24-hour plunge of 12.37% in post-market trading on Tuesday, following the release of its second-quarter fiscal 2026 financial results.
The sharp decline was primarily driven by the company reporting a GAAP net loss of $15 million, or a loss of $0.26 per share, for the quarter. This negative bottom-line result overshadowed better-than-expected revenue of $233 million, which exceeded analyst estimates of $210.9 million.
While Mercury Systems also reported adjusted earnings per share of $0.16, beating expectations of $0.07, and adjusted EBITDA of $30 million surpassing estimates of $21.1 million, investors reacted negatively to the reported net loss, driving the stock price lower in after-hours activity.
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