MDA Ltd. Q3 2026 Earnings Recap

MDA Space rose 9.5% after reporting Q3 revenue growth of 22% and raising its full-year 2026 revenue and adjusted EBITDA outlook. The positive reaction reflects the quarter’s growth and higher outlook, though the supplied transcript excerpt does not include the revised outlook figures.

Key Takeaways

• Q3 revenue was CAD 498 million, up 22% year-over-year; adjusted EBITDA was CAD 96 million, with a 19% margin.
• Year-to-date revenue reached CAD 1.46 billion, up 29%, while adjusted EBITDA was CAD 283 million at a 19.4% margin.
• Management raised its full-year 2026 outlook for both revenue and adjusted EBITDA; specific revised targets are not included in the excerpt.
• The initial Globalstar replenishment satellites were successfully launched, marking MDA Space’s first commercial communications satellites delivered to orbit as prime contractor.
• MDA announced a funded task authorization with the Canadian Space Agency for detailed planning related to Canadarm3 and lunar-base robotic solutions; the broader Canadarm3 scope remains under discussion.