Mercury Systems Inc · NASDAQ:MRCY
Mercury Systems — Investor Presentation (March 2026)
17 slides from Mercury Systems's investor presentation, March 2026
Slide 1: Investor Presentation March 2026
INVESTOR PRESENTATION March 2026 © Mercury Systems, Inc.
Slide 2: Forward-looking safe harbor statement
Forward-looking safe harbor statement This presentation contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the Company's focus on enhanced execution of the Company's strategic plan. You can identif
Slide 3: Mercury Systems at a glance
MRCY NASDAQ listed Mercury Systems is a $943M $1.5B TTM revenue ending Q2FY26 Backlog ending Q2FY26 Global Technology Company Serving the Aerospace & Defense 2,000+ 300+ Number of team members globally; Installed base; number of defense Industry ~30% hold DoD security clearances programs with Mercur
Slide 4: Worldwide Design, Manufacturing, and Integration Capabilities
Worldwide Design, Manufacturing, and Integration Capabilities HUDSON, NH RFM subsystems & components WEST LAFAYETTE, IN ANDOVER, MA Embedded security Trusted DMEA facility for secure processing FREMONT, CA HUNTSVILLE, AL UPPER SADDLE RIVER, NJ WEST CALDWELL, NJ RFM design center Mixed-signal & secur
Slide 5: Mercury's Strategic Framework
Mercury’s Strategic Framework Purpose Innovation that matters® Vision The leader in mission-critical processing at the edge Strategic INNOVATE EXPAND DELIVER and advance our processing our mission impact by uncompromising performance Tenets platform, leveraging our maximizing our processing as an in
Slide 6: Our Four Primary Focus Areas
Our Four Primary Focus Areas Ongoing efforts to improve performance as we move through fiscal year 2026 PERFORMANCE EXCELLENCE DRIVING ORGANIC EXPANDING MARGINS DRIVING IMPROVED FCF GROWTH CONVERSION & RELEASE ▪ Ramp critical production ▪ Record backlog supports ▪ Targeting low to mid ▪ Sustaining p
Slide 7: The Transformation of Mercury Systems
The Transformation of Mercury Systems M&A FOCUSED NEW MANAGEMENT & REFRESHED BOARD FINANCIAL IMPROVEMENT GROWTH INSTALLED TO DRIVE TURNAROUND & FUTURE GROWTH › Bill Ballhaus named CEO › FY25 validated the turnaround with a › Since FY14, Mercury › Dave Farnsworth named CFO return to organic growth, m
Slide 8: Serving Customers from Product through Solution Level
Serving Customers from Product through Solution Level Components KEY TECHNOLOGIES — Signal Integrated — Compute Solutions — Data Management — Display Modules — Secure STRATEGIC RELATIONSHIPS Mercury’s commercial relationships make cutting-edge technologies profoundly more Subsystems accessible to th
Slide 9: Proliferation of sensors and data are driving the need to power AI processing
Proliferation of sensors and data are driving the need to power AI processing capabilities at the edge to enable rapid data exchange across domains and achieve decision superiority Mercury supports all of these functions Command & Control Sensors Mission Compute Communication Sensor Processing 9 © M
Slide 10: Addressable Market
Addressable Market Mercury serves a large and growing market with favorable tailwinds and multiple ways to expand market footprint TIER 2 MARKET SIZE AND CAGR(1) $50.0B $21.3B $28.7B 5.8% 5.2% 6.3% Global Tier 2 Market U.S. Tier 2 Market Rest of World Tier 2 Market STRONG DEFENSE DEMAND SIGNALS CHAN
Slide 11: Mercury's Portfolio
Portfolio Core market verticals with multiple levers to drive growth Tier 2 Market Size | CAGR(1) $10.1B | 5.5% $10.6B | 6.1% $7.8B | 5.5% $21.5B | 6.0% Command & Control Communication Mission Systems Integration Sensor Processing End-to-end computing, display and Digital and RF, wired and wireless,
Slide 12: The Mercury Processing Platform enables 300+ defense programs
The Mercury Processing Platform enables 300+ defense programs PRIMES SENSOR Airbus LTAMDS Tracking Layer Patriot THAAD E-2D BAE Systems Boeing EW F-35 F-16 Badger/Buzzard SEWIP EA-37B Compass Call General Atomics L3Harris AVIONICS Leonardo H-60 F/A-18 & EA-18G M1 Abrams V-22 Saab GlobalEye Lockheed
Slide 13: Missile Defense Program Snapshot
Missile Defense Program Snapshot Key provider of technology for the Golden Dome, and well-positioned to benefit from project funding increases Ground mobile Radar: LTAMDS vs Patriot ▪ Radar Processing Content Potential: • Radar processing 5x • EP processing expansion 5x • RF content expansion 2x Fut
Slide 14: Where Does MRCY Play Within Golden Dome?
Where Does MRCY Play Within Golden Dome? 14 14 © Mercury Systems, Inc. /Mercury Proprietary/No Tech Data/
Slide 15: Select Financial Highlights
Select Financial Highlights Bookings ($M) Backlog ($B) Revenue ($M) Adj. EBITDA ($M) Net Debt ($M) +10% YoY +9% YoY +7% YoY +51% YoY -26% YoY $538 $1.47 $458 $66 $349 $428 $1.35 $490 $257 $43 1H:F25 1H:F26 2Q:F25 2Q:F26 1H:F25 1H:F26 1H:F25 1H:F26 2Q:F25 2Q:F26 15 © Mercury Systems, Inc. /Mercury Pr
Slide 16: Second Quarter 2026 Highlights
Second Quarter 2026 Highlights ▪ Results support our expectation to deliver robust organic growth, expanding margins, and positive free $288M $15M cash flow. Bookings with a GAAP net loss book-to-bill ratio of 1.23x ▪ Quarterly bookings of $288M and a 1.23 book-to-bill. ▪ Record backlog approaching
Slide 17: Contact Investor Relations
CONTACT INVESTOR RELATIONS Tyler E. Hojo, CFA VP, Investor Relations Tel: (201) 846-6134 Email: Tyler.Hojo@mrcy.com © Mercury Systems, Inc.