Mercury Systems Reports First Quarter Fiscal 2027 Financial Results

Mercury Systems reported fiscal first-quarter 2027 revenue of $253 million, up 12.4% year over year, and GAAP net income of $13 million. Adjusted EBITDA rose 58.6% to a record $56 million; record bookings of $370 million produced a 1.46 book-to-bill ratio, with backlog approaching $2.1 billion. The company raised its fiscal 2027 outlook and formalized CFO Dave Farnsworth as Chief Operating Officer in addition to his existing role.