Mercury Systems' Moment of Truth: When Backlog Meets Bottom Line Mercury Systems' backlog has surged past $1. 9 billion, fueled by a 93. 1% year over year increase in bookings.
This record pile of orders is being hailed as a testament to the company's multiyear turnaround efforts.
However, beneath the surface lies a more complex story – one where profit margins and bottom line growth are still playing catch up with the surge in demand.