Shares of Mercury Systems (MRCY) surged 6.70% in after-hours trading on Tuesday, following the release of the company's impressive first-quarter fiscal 2026 financial results. The aerospace and defense technology firm significantly outperformed analyst expectations, sparking renewed investor confidence.
Mercury Systems reported adjusted earnings per share of $0.26, dramatically surpassing the analyst consensus estimate of $0.09 by 198.85%. This represents a remarkable 550% increase from the $0.04 per share reported in the same period last year. The company's revenue also exceeded expectations, coming in at $225.209 million, beating the projected $207.280 million by 8.65% and marking a 10.16% year-over-year growth.
Further bolstering investor enthusiasm, Mercury Systems posted an adjusted EBITDA of $35.6 million, significantly higher than the estimated $24.1 million. Despite these positive results, it's worth noting that the company still recorded a net loss of $12.5 million for the quarter. However, the strong top-line growth and earnings beat appear to have overshadowed this concern in the eyes of after-hours traders, driving the stock's impressive gain.
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