MDA Space Reports 22% Revenue Growth in Q3 2026 and Raises Full-Year Guidance
MDA Space (MDA) reported strong third-quarter results for fiscal year 2026, highlighted by a 22% increase in revenue to CAD 498 million. This growth was primarily fueled by significant volume increases in the satellite systems segment, specifically driven by the Telesat Lightspeed program, and expansion in geointelligence through programs like the Royal Canadian Navy's ISTAR project. On the strength of year-to-date execution, management raised its full-year revenue guidance to a range of CAD 1.9 billion to CAD 1.95 billion and increased adjusted EBITDA guidance to between CAD 355 million and CAD 375 million. The company maintains a robust backlog of CAD 3.9 billion and is positioning itself for long-term growth through strategic acquisitions, including Blue Canyon Technologies and CLS.
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Topics: EBITDA Geointelligence Guidance Raise Revenue Growth Satellite Systems