MDA Space Raises 2026 Revenue and Earnings Outlook

The robotics, satellite systems and geointelligence company now expects 2026 revenue of C$1.9 billion to C$1.95 billion, up from its previous range of C$1.8 billion to C$1.9 billion. The midpoint of the new forecast implies growth of 18%. MDA Space also raised its adjusted earnings before interest, taxes, depreciation and amortization outlook to C$355 million-C$375 million, from C$330 million-C$370 million.

Third-quarter net income increased to C$30.9 million, or C$0.19 a share, from C$27 million, or C$0.21 a share, a year earlier. Adjusted earnings were C$0.37 a share, compared with the C$0.29 analysts expected, according to FactSet.

The company’s backlog stood at C$3.95 billion at quarter-end, down from C$4.01 billion at the start of the year.