MERCURY SYSTEMS INC
For the period ended Mar 27, 2026. Filed May 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 27, 2026 · Filed May 5, 2026
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Item 1A. Risk Factors
You should carefully review and consider the information regarding certain factors that could materially affect our business, financial condition or future results set forth under Item 1A (Risk Factors) in our Annual Report on Form 10-K for the fiscal year ended June 27, 2025. There have been no changes from the factors disclosed in our 2025 Annual Report on Form 10-K filed on August 11, 2025, although we may disclose additional changes to such factors from time to time in our future filings with the Securities and Exchange Commission.
There were no sales of unregistered equity securities during the quarter ended March 27, 2026.
The table below summarizes our repurchases of common stock during the three months ended March 27, 2026. See Note O for more information on our share repurchase program.
| Period | Total Number of Shares Purchased | Average Price Paid per Share(2) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(3) | Approximate Dollar Value of Shares that May Yet Be Purchased under the Plans or Programs ($ in thousands)(3) |
|---|---|---|---|---|
| December 27, 2025 - January 23, 2026(1) | — | $— | — | $185,003 |
| January 24, 2026 - February 20, 2026(1) | — | — | — | 185,003 |
| February 21, 2026 - March 27, 2026(1) | — | — | — | 185,003 |
| Total | — | $— | — | $185,003 |
(1) We close our books and records for each 52-week or 53-week fiscal year on the Friday closest to the last day in June to align our financial close with our business processes and needs. As a result, our fiscal months often differ from calendar months. For example, March 27, 2026 was the last day of our March 2026 fiscal month.
(2) Excludes commissions paid and other costs of execution, including taxes.
(3) On November 3, 2025, the Board of Directors authorized a new share repurchase program for the purchase of up to $200.0 million of our outstanding common stock. The program has no expiration date and repurchases may be made through open market or privately negotiated transactions from time to time at prevailing market prices. The timing and amount of repurchases will depend on market conditions and other factors.
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