MDA Space Ltd. reported strong financial results for the second quarter of 2026. Revenue climbed 33.6% year-over-year. Revenue reached $498.6 million. Higher volumes across all business segments drove this growth. Adjusted EBITDA increased 26.2% to $96.3 million.
Net income remained relatively flat at $27.9 million. Diluted earnings per share fell to $0.20. This compares to $0.21 in the prior year. A higher share count, following a recent IPO, primarily caused this decline.
The company ended the quarter with a robust backlog of $4.0 billion. This represents an increase of $310 million from the first quarter of 2026.
Buoyed by strong first-half performance, MDA raised the midpoint of its full-year 2026 guidance. The company now anticipates revenue between $1.8 billion and $1.9 billion. It projects adjusted EBITDA from $330 million to $370 million.