Mercury

Q4 FY2026 EarningsQ4 FY26 results significantly beat consensus on the top-line with revenue of $290M vs. $266M expected, driven by record bookings of $660M (+93.1% YoY). While GAAP EPS of $0.01 missed the $0.11 mean estimate due to higher-than-expected stock-based compensation and tax provisions, Adjusted EBITDA of $49M and record backlog of $1.9B signal robust underlying demand. Management raised organic growth outlook for FY27 based on a strong 2.28 book-to-bill ratio.