{"data":{"ticker":"MRCY","slug":"mercury-systems","name":"Mercury Systems","exchange":"NASDAQ","sector":"Industrials","headquarters":"Andover, Massachusetts","ceo":"William L. Ballhaus","employees":2102,"website":"https://www.mrcy.com","founded":"1981","layers":[{"slug":"defense-ai","name":"Defense & Aerospace AI"},{"slug":"semiconductors","name":"Semiconductors"}],"exposure":{"score":35,"tier":"Growing","rationale":"Mercury sells rugged processing subsystems that put sensor, radar, and electronic warfare compute onto military platforms. Defense AI processing is a real growth vector, but revenue depends on defense program schedules more than on the commercial AI buildout."},"quote":{"price":73.55,"change24hPct":12.2,"change7dPct":-5.15,"change30dPct":-6.33,"change1yPct":-0.7,"high52w":126.21,"low52w":65.55,"marketCap":4476516864,"peRatio":null,"eps":-0.5,"volume24h":74478348},"nextEarningsDate":"2026-11-10","summary":"Mercury Systems is a defense electronics company. It builds rugged processing subsystems that put serious computing power onto military platforms, selling to defense contractors and government programs.","explainer":["Mercury Systems is a defense electronics company. It builds rugged processing subsystems that put serious computing power onto military platforms, selling to defense contractors and government programs.","Its products bring AI to the battlefield edge. AI Processing Subsystems handle demanding compute in harsh environments, Sensor AI Processing and Radar AI Modules turn raw sensor and radar data into usable intelligence onboard the platform, and EW AI Systems support electronic warfare missions.","Founded in 1981 and headquartered in Andover, Massachusetts, Mercury Systems trades on the NASDAQ and employs about 2,100 people under CEO Bill Ballhaus."],"buildoutRole":"Mercury sits in the Defense & Aerospace AI and Semiconductors layers, packaging AI-capable compute for radar, electronic warfare, and C4ISR platforms. As militaries push more processing to the sensor edge, its subsystems are how that intelligence gets on board. Defense AI processing is a real growth vector, but revenue depends on defense program schedules more than on the commercial AI buildout. Supercycle scores it 35 out of 100.","faq":[{"q":"What does Mercury Systems do?","a":"Mercury builds rugged processing subsystems for military platforms, supplying the onboard compute behind radar, electronic warfare, and C4ISR applications for defense contractors and government programs."},{"q":"How is Mercury Systems exposed to AI?","a":"Through defense AI processing. Its subsystems run AI on sensor, radar, and electronic warfare data at the edge, a real growth vector gated by defense program schedules. Supercycle scores it 35 out of 100."},{"q":"What are Mercury Systems' main products?","a":"AI Processing Subsystems for rugged environments, Sensor AI Processing, Radar AI Modules, and EW AI Systems for electronic warfare missions."},{"q":"Where is Mercury Systems headquartered and who leads it?","a":"Mercury is headquartered in Andover, Massachusetts, was founded in 1981, and is led by CEO Bill Ballhaus. It employs about 2,100 people and trades on the NASDAQ."},{"q":"Is MRCY a pure play AI stock?","a":"No. Mercury is a defense electronics supplier where AI processing is a growth vector inside larger defense programs. Its score of 35 out of 100 reflects that program-driven exposure."}],"history1y":[{"date":"2026-09-28","close":80.12},{"date":"2026-09-29","close":82.64},{"date":"2026-09-30","close":83},{"date":"2026-10-01","close":84.07},{"date":"2026-10-02","close":84.87},{"date":"2026-10-05","close":82.94},{"date":"2026-10-06","close":82.8},{"date":"2026-10-07","close":79.75},{"date":"2026-10-08","close":78.52},{"date":"2026-10-09","close":79.49},{"date":"2026-10-12","close":77.67},{"date":"2026-10-13","close":76.71},{"date":"2026-10-14","close":75.69},{"date":"2026-10-15","close":76.41},{"date":"2026-10-16","close":74.27},{"date":"2026-10-19","close":75.99},{"date":"2026-10-20","close":74.53},{"date":"2026-10-21","close":75.49},{"date":"2026-10-22","close":75.56},{"date":"2026-10-23","close":74.87},{"date":"2026-10-26","close":79.71},{"date":"2026-10-27","close":78.55},{"date":"2026-10-28","close":78.58},{"date":"2026-10-29","close":81.8},{"date":"2026-10-30","close":77.54},{"date":"2026-11-02","close":77.37},{"date":"2026-11-03","close":80.32},{"date":"2026-11-04","close":71.76},{"date":"2026-11-05","close":65.55},{"date":"2026-11-06","close":73.55}],"incomeStatements":[{"ticker":"MRCY","report_period":"2026-12-31","fiscal_period":"2026-FY","period":"annual","currency":"USD","revenue":983622000,"cost_of_revenue":702457000,"gross_profit":281165000,"operating_expense":0,"operating_income":7494000,"net_income":-29673000,"earnings_per_share":-0.5,"earnings_per_share_diluted":-0.5,"research_and_development":59736000,"selling_general_and_administrative_expenses":175031000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"MRCY","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":912020000,"cost_of_revenue":657526000,"gross_profit":254494000,"operating_expense":0,"operating_income":-10414000,"net_income":-37904000,"earnings_per_share":-0.65,"earnings_per_share_diluted":-0.65,"research_and_development":67647000,"selling_general_and_administrative_expenses":154412000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"MRCY","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":835275000,"cost_of_revenue":639374000,"gross_profit":195901000,"operating_expense":0,"operating_income":-119874000,"net_income":-137640000,"earnings_per_share":-2.38,"earnings_per_share_diluted":-2.38,"research_and_development":101328000,"selling_general_and_administrative_expenses":166786000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"MRCY","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":973882000,"cost_of_revenue":657154000,"gross_profit":316728000,"operating_expense":0,"operating_income":-6260000,"net_income":-28335000,"earnings_per_share":-0.5,"earnings_per_share_diluted":-0.5,"research_and_development":108799000,"selling_general_and_administrative_expenses":160637000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"MRCY","report_period":"2026-12-31","fiscal_period":"2026-FY","period":"annual","currency":"USD","total_assets":2322776000,"current_assets":973439000,"cash_and_equivalents":214306000,"total_liabilities":825318000,"current_liabilities":328525000,"total_debt":487720000,"shareholders_equity":1497458000,"retained_earnings":152222000},{"ticker":"MRCY","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":2434764000,"current_assets":1058178000,"cash_and_equivalents":309099000,"total_liabilities":961303000,"current_liabilities":300377000,"total_debt":652117000,"shareholders_equity":1473461000,"retained_earnings":181895000},{"ticker":"MRCY","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":2378905000,"current_assets":953784000,"cash_and_equivalents":180521000,"total_liabilities":906130000,"current_liabilities":234416000,"total_debt":654084000,"shareholders_equity":1472775000,"retained_earnings":219799000},{"ticker":"MRCY","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":2391367000,"current_assets":937018000,"cash_and_equivalents":71563000,"total_liabilities":824682000,"current_liabilities":233264000,"total_debt":578297000,"shareholders_equity":1566685000,"retained_earnings":357439000}],"holders13f":[],"news":[{"title":"Mercury Systems Stock In Focus As Earnings Expectations Build","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/mercury-systems-stock-focus-earnings-232334420.html?.tsrc=rss","date":"2026-11-05"},{"title":"Curious about Mercury Systems (MRCY) Q1 Performance? Explore Wall Street Estimates for Key Metrics","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/curious-mercury-systems-mrcy-q1-131510682.html?.tsrc=rss","date":"2026-11-05"},{"title":"Mercury Systems (MRCY) Earnings Expected to Grow: What to Know Ahead of Next Week's Release","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/mercury-systems-mrcy-earnings-expected-140004097.html?.tsrc=rss","date":"2026-11-03"},{"title":"Budget Uncertainty Weighed on Mercury Systems (MRCY) in Q3","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/budget-uncertainty-weighed-mercury-systems-153236198.html?.tsrc=rss","date":"2026-10-28"},{"title":"Mercury Systems to Report First Quarter Fiscal Year 2027 Financial Results on November 10, 2026","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/mercury-systems-report-first-quarter-201500876.html?.tsrc=rss","date":"2026-10-13"},{"title":"Mercury Celebrates the Expansion of its Phoenix Production Facility","source":null,"url":"https://finance.yahoo.com/technology/articles/mercury-celebrates-expansion-phoenix-production-203000960.html?.tsrc=rss","date":"2026-10-08"},{"title":"How Mercury’s New RES One Edge Platform At Mercury Systems (MRCY) Has Changed Its Investment Story","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/mercury-res-one-edge-platform-141326757.html?.tsrc=rss","date":"2026-10-07"},{"title":"Mercury Introduces RES One, a Rugged Edge Server Engineered for Rapid Deployment and Superior Lifecycle Management","source":null,"url":"https://finance.yahoo.com/technology/articles/mercury-introduces-res-one-rugged-120000359.html?.tsrc=rss","date":"2026-10-06"}]},"meta":{"version":"v1","asOf":"2026-11-06","builtAt":"2026-11-08T15:24:45.707Z","tier":"free","source":"https://supercyclehq.com/stock/mercury-systems","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/MRCY","html":"https://supercyclehq.com/stock/mercury-systems","md":"https://supercyclehq.com/stock/mercury-systems.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}