Fourth Quarter and Fiscal Year 2023 Financial Results

8 FY24 Outlook Reflects Progress Against Enhanced Execution Plan ▪ FY24 a transition year, taking conservative approach to guidance. Expecting revenue flat at the midpoint, with core margin improvement throughout the year. ▪ Outlook reflects benefit of actions offset by the potential for unknown risk materializing. ▪ As we work through execution challenges, anticipating improved profitability in second half and positive cash flow for the year. ▪ Business model is sound - challenges resolvable with focus, execution mindset, and enhanced management processes and systems. Ⓒ Mercury Systems, Inc. Does not contain Technical Data. //Mercury Proprietary/No Tech Data// mercury

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