Mercury Systems Reports Q1 FY26 Net Loss of $12.5 Million

Reuters11-05
Mercury Systems Reports Q1 FY26 Net Loss of $12.5 Million

Mercury Systems Inc. reported a net loss of $12.5 million for the first quarter of fiscal year 2026, compared to a net loss of $17.5 million in the same period of the previous year. Interest expense decreased to $5.9 million from $8.4 million, and depreciation was $8.7 million, down from $10.0 million in Q1 FY25. The income tax benefit was $4.0 million, compared to $5.6 million in Q1 FY25. Key business developments included $26 million in competitive contract awards, a major RF subsystem win for a U.S. missile program, and follow-on production orders from a leading European defense prime for an electronic-warfare application. The quarter also saw follow-on orders leveraging the Common Processing Architecture and embedded cybersecurity software from the Star Lab acquisition, as well as design wins in mission computing, RF, and processing technologies.

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