Airborne was Mercury Systems’s largest product and service line in fiscal 2026, bringing in $372.54M of $983.62M (38%).
| Product and Service | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Airborne | $506.26M | $431.28M | $410.68M | $372.54M | ||||||||
| Radar End User Applications | — | — | — | — | ||||||||
| C4I Applications | — | — | — | — | ||||||||
| Other | $130.52M | $148.70M | $192.23M | $202.50M | ||||||||
| Land | $157.51M | $115.78M | $166.25M | $219.95M | ||||||||
| Electronic Warfare End User Applications | — | — | — | — | ||||||||
| Integrated Subsystems | — | — | — | — | ||||||||
| Modules & Sub-Assemblies | — | — | — | — | ||||||||
| Naval | $136.95M | $78.97M | $86.89M | $110.61M | ||||||||
| Other End User Applications | — | — | — | — | ||||||||
| Other Sensor & Effector Applications | — | — | — | — | ||||||||
| Space | $42.64M | $60.55M | $55.97M | $78.02M | ||||||||
| Components | — | — | — | — | ||||||||
| Total | $973.88M | $835.28M | $912.02M | $983.62M |
Mercury Systems brought in $983.62M from its five product and service lines in fiscal 2026, the year ended July 3, 2026. That was up 7.9% from $912.02M in fiscal 2025. Airborne was the largest at $372.54M (37.9%), ahead of Land at $219.95M (22.4%) and Other at $202.50M (20.6%). The other two lines brought in $188.64M combined.
Compared with fiscal 2025, Space grew fastest, up 39.4% to $78.02M, while Airborne fell the most, down 9.3% to $372.54M. From fiscal 2023 to 2026, combined revenue from these lines grew from $973.88M to $983.62M, a compound annual growth rate of 0.3%. Airborne's share of the total fell from 52.0% to 37.9%.
Us was Mercury Systems’s largest region in fiscal 2026, bringing in $843.65M of $983.62M (86%).
| Geography | FY 2010 | FY 2011 | FY 2012 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Us | $865.22M | $704.12M | $746.31M | $843.65M | ||||||||||||
| International/Foreign Military Sales | $108.67M | $131.16M | $165.71M | $139.97M | ||||||||||||
| Europe | — | — | — | — | ||||||||||||
| Asia Pacific | — | — | — | — | ||||||||||||
| Eliminations | — | — | — | — | ||||||||||||
| Geographical Intersegment, Eliminations | — | — | — | — | ||||||||||||
| Total | $973.88M | $835.28M | $912.02M | $983.62M |
Mercury Systems brought in $983.62M from its two regions in fiscal 2026, the year ended July 3, 2026. That was up 7.9% from $912.02M in fiscal 2025. Us was the largest at $843.65M (85.8%), ahead of International/Foreign Military Sales at $139.97M (14.2%).
Compared with fiscal 2025, Us grew 13.0% to $843.65M, while International/Foreign Military Sales fell 15.5% to $139.97M. From fiscal 2023 to 2026, combined revenue from these regions grew from $973.88M to $983.62M, a compound annual growth rate of 0.3%. Us' share of the total fell from 88.8% to 85.8%.
Mercury Commercial Electronics was Mercury Systems’s largest segment in fiscal 2013, bringing in $166.35M of $194.23M (86%).
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2013 |
|---|---|---|---|---|
| Mercury Commercial Electronics | — | $223.68M | $216.46M | $166.35M |
| Acs | $193.75M | — | — | — |
| Mds | — | — | $32.73M | $41.49M |
| Mercury Defense & Intelligence Systems | — | $11.47M | — | — |
| Mfs | $11.07M | — | — | — |
| Segment Reconciling Items | — | — | $360.00K | $134.00K |
| Intersegment Eliminations | — | — | -$12.48M | -$13.74M |
| Eliminations | -$4.99M | -$6.44M | — | — |
| Total | $199.83M | $228.71M | $237.07M | $194.23M |
Mercury Systems brought in $194.23M from its four segments in fiscal 2013, the year ended June 30, 2013. That was down 18.1% from $237.07M in fiscal 2012. Mercury Commercial Electronics was the largest at $166.35M (85.6%), ahead of Mds at $41.49M (21.4%) and Segment Reconciling Items at $134.00K (0.1%).
Compared with fiscal 2012, Mds grew 26.8% to $41.49M, while Mercury Commercial Electronics fell 23.1% to $166.35M.
Mercury Systems began breaking out Mercury Commercial Electronics in fiscal 2011, Mds in fiscal 2012, Segment Reconciling Items in fiscal 2012 and Intersegment Eliminations in fiscal 2012. Mercury Systems stopped reporting Acs ($193.75M in fiscal 2010), Mercury Defense & Intelligence Systems ($11.47M in fiscal 2011) and Mfs ($11.07M in fiscal 2010) as separate segments. The total is net of Intersegment Eliminations, which took $13.74M off revenue in fiscal 2013.
Mercury Systems (MRCY) reports its revenue by product and service, by geography and by segment. In fiscal 2026, Airborne was its largest product and service line, bringing in $372.54M (37.9% of the total), followed by Land at $219.95M (22.4%).
Airborne was Mercury Systems' largest product and service line in fiscal 2026, bringing in $372.54M, or 37.9% of the $983.62M total across its five product and service lines.
Us was Mercury Systems' largest region in fiscal 2026, bringing in $843.65M, or 85.8% of the $983.62M total across its two regions.
Mercury Commercial Electronics was Mercury Systems' largest segment in fiscal 2013, bringing in $166.35M, or 85.6% of the $194.23M total across its four segments.
Among Mercury Systems' product and service lines that make up at least 2% of revenue, Space grew fastest in fiscal 2026, up 39.4% from $55.97M to $78.02M.
Every figure comes from Mercury Systems' annual financial filings, as reported. Each line keeps the name Mercury Systems gives it, and years follow its fiscal calendar.
Mercury Systems' revenue by product and service goes back to fiscal 2015, with figures through fiscal 2026. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.