MDA Space Ltd Q3 2026 Earnings Recap

MDA Space rose 8.3% after earnings, as revenue and adjusted EBITDA grew year over year and the company raised its full-year 2026 outlook for both. The key positive was the combination of reported growth and a higher outlook.

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%; adjusted EBITDA was CAD 283 million, with a 19.4% margin.
• Management raised its full-year 2026 outlook for revenue and adjusted EBITDA, but the transcript excerpt does not provide the revised targets.
• The initial Globalstar replenishment satellites launched successfully, marking MDA Space’s first commercial communications satellites delivered to low Earth orbit as prime contractor.
• MDA announced an authorization to proceed with Thales Alenia Space on digital antenna and controller work for 66 IRIS² satellites; the Blue Canyon and CLS acquisitions remain pending.