MDA Space Ltd

MDA Space Ltd Earnings Recaps

MDA 1 recap
Next earnings: November 6, 2026 (estimated) · full calendar
Q2 2026 Aug 11, 2026

Shares declined 2.5% following Q2 results, reflecting investor caution despite solid revenue growth, likely due to a cautious outlook and lack of margin improvement commentary that tempered enthusiasm.

Key takeaways
  • Revenue rose 34% year-over-year in Q2, with adjusted EBITDA margin stable at 19.3%.
  • Year-to-date revenue reached $963 million, up 33%; adjusted EBITDA margin held at 19.4%.
  • Management raised full-year revenue and EBITDA midpoint guidance to $1.85 billion and $350 million respectively, implying continued double-digit organic growth.
  • Strong book-to-bill ratio of 1.6x driven by government and defense contracts across multiple geographies.
  • Significant new contract awards include $474 million added to Telesat Lightspeed constellation and a $600 million follow-on Canadian Space Agency satellite contract.
Full recap

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