MDA Space reports second quarter 2026 revenue of $499M and $0.36 adjusted EPS, beating estimates

MDA Space delivered robust second quarter 2026 results, characterized by a significant revenue beat and a sequential increase in its order backlog. The performance was underpinned by higher work volumes across all business segments, particularly a 44.5% surge in Satellite Systems driven by the Telesat Lightspeed program. Following the strong first half, management narrowed its full-year 2026 revenue and Adjusted EBITDA guidance toward the higher end of previous ranges.

Key Highlights

• Revenue of $498.6 million grew 33.6% year-over-year, significantly exceeding the analyst estimate of $375.5 million.
• Adjusted diluted EPS reached $0.36, representing a beat against the $0.24 consensus estimate despite higher share counts following the March 2026 U.S. IPO.
• Backlog increased $310 million sequentially from the first quarter to reach $4.0 billion, providing substantial visibility through 2027.