{
  "id": 2737285,
  "title": "Mercury Systems (MRCY) Booked $660 Million. Why Did its Shares Fall More than 10% After Hours?",
  "url": "https://urgent.news/2026/08/22/mercury-systems-mrcy-booked-660-million-why-did-its-shares-fall-more",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-22T00:05:58.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/mercury-systems-mrcy-booked-660-000558587.html"
  },
  "original_language": "en",
  "account": "Mercury Systems reported a record $660 million in bookings for its fiscal fourth quarter, up 93.1% from the previous year. However, the company's shares fell more than 10% after hours, closing at $105.00 and trading around $92.50 in after-hours trading. While revenue rose 6.1% to $289.8 million, adjusted earnings per share missed estimates, declining from $0.47 to $0.37. The company's backlog exceeded $1.9 billion, with approximately $1 billion expected to convert into revenue over the next 12 months. Despite strong demand, Mercury Systems expects a significant cash flow gap between bookings and actual revenue, as well as a reduction in free cash flow to 35% of adjusted EBITDA, below its long-term target.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}