Mercury Systems Inc. (NASDAQ:MRCY) on Tuesday reported mixed fourth-quarter financial results.

The company reported quarterly earnings of 37 cents per share, which missed the analyst consensus estimate of 38 cents per share. The company reported quarterly sales of $289.782 million, which beat the analyst consensus estimate of $266.403 million.

"We delivered fourth quarter fiscal 2026 results that were ahead of our expectations, with record bookings, record backlog, record revenue, the highest EBITDA margin of the year, and robust free cash flow," said Bill Ballhaus, chairman and CEO of Mercury Systems.

Mercury Systems increased its organic revenue growth target for fiscal 2027 to low double digits. The company expects first-quarter revenue growth to be up high single digits on a year-over-year basis. Mercury noted that it expects first-quarter growth to be the lowest of the year.

Mercury Systems shares dipped 10.3% to $94.18 in the pre-market trading session.

These analysts made changes to their price targets on Mercury Systems following earnings announcement.

  • Piper Sandler analyst Clarke Jeffries reiterated the stock with an Overweight rating and raised the price target from $126 to $131.
  • Baird analyst Peter Arment maintained the stock with an Outperform rating and raised the price target from $120 to $130.

Considering buying MRCY stock? Here’s what analysts think:

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