Mercury Systems, Inc. (MRCY) reported strong top-line growth and margin expansion for Q1 FY2026 (period ended September 26, 2025), despite reporting a net loss.
Financial Performance & Cash Flow: Revenues increased 10.2% year-over-year (YoY) to \(225.2 million, driven primarily by C4I applications and Modules/Sub-assemblies, with domestic sales strength outpacing international declines. Gross Margin improved significantly to 27.9% (from 25.3%), supported by favorable program mix and estimate adjustments on long-term contracts, which constituted 48% of Q1 revenue. The Net Loss narrowed to \)
...