EarningsQ2 2026 Earnings Report
MDA Q2 2026 EPS Results
Actual EPS$0.25
Consensus EPS$0.24
Beat/MissBeat by +<$0.01
One Year Ago EPS$0.27
MDA Q2 2026 Revenue Results
Actual Revenue$349.43M
Expected Revenue$314.05M
Beat/MissBeat by +$35.38M
YoY Revenue Growth+33.57%
Earnings Announcement Details
QuarterQ2 2026
Date08/07/2026
TimeBefore Open
Conference CallFriday, August 7, 2026
MDA Upcoming Earnings
MDA Space Ltd's next earnings date is estimated for November 6, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a strongly positive operational and strategic momentum: high revenue growth (Q2 +34% YoY), raised guidance, robust bookings (book-to-bill 1.6x), major contract wins (Telesat expansion, CSA RADARSAT, others), and transformational M&A (BCT, CLS) that materially expand capabilities and pro forma scale. Near-term financial headwinds include working-capital-driven negative operating cash flow and free cash flow, higher CapEx, dilution from equity issuance and acquisition-related financing/leverage risks. Management emphasizes disciplined financing, conservative leverage targets, and continued organic growth, while acknowledging near-term cash impacts. On balance, the call highlights significant growth and strategic advances while flagging manageable near-term cash and execution risks.Company Guidance
Strong Revenue and Profit Growth
Q2 revenue of $499M, up 34% YoY; first half revenue $963M, up 33% YoY. Q2 adjusted EBITDA $96M, up 26% YoY, with adjusted EBITDA margin of 19.3%. First half adjusted EBITDA $187M with a 19.4% margin.
Raised Full-Year Guidance
Raised midpoint of 2026 guidance to $1.85B revenue and $350M adjusted EBITDA. Updated full-year revenue range $1.8B–$1.9B (midpoint implying ~13% YoY growth) and adjusted EBITDA $330M–$370M (midpoint implying ~8% YoY growth).
Robust Bookings, Backlog and Book-to-Bill
Q2 net order bookings exceeded $800M, book-to-bill of 1.6x. Ending backlog $4.0B (up ~$300M QoQ); Telesat Lightspeed scope expansion added ~225 satellites and increased contract value by ~$474M (pro forma backlog ~$4.4B).
Broad-Based Segment Momentum and Major Contract Wins
Satellite Systems revenue $336M (+44% YoY) driven by Telesat Lightspeed; Robotics & Space Operations $100M (+13%) driven by Canadarm3 activity; GeoIntelligence $63M (+20%) on new programs. Significant awards include a CSA SAR follow-on >$600M, Telesat expansion (~$474M), Mitsubishi Electric (Japan MoD payloads), BAE Systems MEO EPOCH 2 payload work and an OHB lunar landing sensors pre-auth.
Strategic M&A to Expand Capabilities and Geography
Agreed acquisitions: Blue Canyon Technologies (adds ~ $225M revenue) and majority interest in CLS (adds ~ $465M revenue). Pro forma 2026 revenue with both would be ~$2.5B. Acquisition strategy verticalizes capabilities (e.g., GN&C, geointelligence) and expands U.S. and European presence.
Operational & Technology Investments Driving Future Growth
Opened a new high-volume Montreal satellite manufacturing facility (doubled floor space). MDA CHORUS integration complete and targeted for launch later in the year. Advancing on-orbit compute, SatixFy-derived space-grade chips, and enterprise AI (Chat MDA deployed to ~4,000 employees). CLS brings substantial compute and data assets (command center ~900 servers).
MDA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed