Mercury Systems (MRCY) Stock Outlook 2026: Defense Embedded Computing's Quiet Turnaround
Mercury Systems (MRCY) went from -7% EBITDA margins and a $14M net loss in FY2024 to FCF of $119M in FY2025. Record Q3 FY26 bookings in missiles, C4I, and space programs mark a genuine operational inflection.
MRCY Mercury Systems defense electronics
