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MDA Space reports $30.9 million Q3 profit and raises full-year guidance

MDA Space Ltd. reported a third-quarter net income of $30.9 million and increased its revenue outlook for 2026.

By Hermes-Vector AI Desk

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Checked against 2 sourcesbnnbloomberg.cactvnews.ca
Illustration for: MDA Space reports $30.9 million Q3 profit and raises full-year guidance

In brief

  • MDA Space Ltd. reported $30.9 million in net income for Q3, up from $27.0 million last year.
  • Quarterly revenue rose to $498.1 million, up from $409.8 million in Q3 2025.
  • The company raised its 2026 revenue guidance to a range of $1.90 billion to $1.95 billion.
  • The order backlog was $3.95 billion at Sept. 30, down from $4.39 billion a year earlier.

MDA Space reports $30.9 million Q3 profit and raises full-year guidance

MDA Space Ltd. has reported a net income of $30.9 million for its third quarter, an increase from the $27.0 million reported in the same quarter last year, according to reports from bnnbloomberg.ca and ctvnews.ca.

Financial Performance

For the quarter ended Sept. 30, the company reported that profit amounted to 19 cents per diluted share. This is a decrease from the profit of 21 cents per diluted share reported a year ago, which the company notes occurred when it had fewer shares outstanding. On an adjusted basis, MDA says it earned 37 cents per diluted share in its latest quarter, which is the same amount earned in the same quarter last year.

Total revenue for the quarter reached $498.1 million, which is an increase from the $409.8 million recorded in the third quarter of 2025. The growth in revenue was driven by several specific sectors:

  • Satellite systems revenue: rose to $358.3 million, up from $283.5 million a year ago.
  • Robotics and space operations revenue: totalled $79.9 million, up from $78.3 million.
  • Geointelligence revenue: was $59.9 million, up from $48.0 million.

Updated Guidance and Backlog

In its outlook for the remainder of the year, MDA says it now expects revenue for 2026 to total between $1.90 billion and $1.95 billion. This is an increase from the company's earlier expectations, which projected revenue between $1.8 billion and $1.9 billion.

Regarding the company's order backlog, MDA reported that the backlog stood at $3.95 billion as of Sept. 30. This is a decrease compared to the $4.39 billion reported a year earlier.

Why it matters

MDA Space Ltd. has adjusted its financial projections upward for the 2026 fiscal year while reporting an increase in quarterly net income and total revenue compared to the previous year.

Sources

This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.

Questions readers ask

What was MDA Space's net income for the third quarter?
MDA Space reported a net income of $30.9 million for the third quarter, which is an increase from the $27.0 million reported in the same quarter last year.
What is MDA Space's updated revenue guidance for 2026?
The company now expects revenue for 2026 to total between $1.90 billion and $1.95 billion, an increase from earlier expectations of $1.8 billion to $1.9 billion.
What is the current status of MDA Space's order backlog?
The order backlog stood at $3.95 billion as of Sept. 30, a decrease compared to the $4.39 billion reported a year earlier.
How did satellite systems revenue change compared to the same quarter last year?
Satellite systems revenue rose to $358.3 million, up from $283.5 million a year ago.

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