Just caught Mercury's Q2 earnings drop and honestly the market reaction was wild. Stock jumped 5.7% during regular hours hitting $99.28, then completely reversed in after-hours trading, tanking 14.6% down to $84.80. That's a brutal swing. Anyway, looking at the actual numbers: Mercury Systems managed to cut their net loss to $15.1M from $17.6M year-over-year, and adjusted EPS came in at $0.16 versus expectations of $0.06. Revenue climbed to $232.9M and they booked $288M in new orders with a 1.23 book-to-bill ratio. So the fundamentals actually looked decent, but the after-hours dump suggests investors might be worried about something else or just taking profits after the regular session pop. Interesting divergence between what the earnings showed and where the stock actually ended up.