MDA Space Q3 2026 Earnings Call Transcript

MDA Space reported strong third-quarter 2026 results with revenue of $498 million, up 22% year over year, and adjusted EBITDA of $96 million. The company raised full-year 2026 guidance for revenue to $1.9–$1.95 billion and adjusted EBITDA to $355–$375 million. Growth initiatives include acquisitions of Blue Canyon Technologies and CLS, expected to expand revenue and global reach. Operational milestones included successful launch of initial replenishment satellites for Globalstar, and an upcoming launch of the MDA Chorus Earth observation constellation. MDA also highlighted innovation through MDA Aurora Black, aimed at enhancing communications technology for government and military use. The backlog is nearly $4 billion, with a $40 billion opportunity pipeline. The company reported a net cash position of $1.3 billion and total liquidity of $2.9 billion, earmarked for acquisitions and further growth.