MDA Space Ltd

MDA

Market cap $4.72B

MDA Space Ltd. (MDA:CA) Q1 2026 Earnings Call Transcript

TORONTO , May 7, 2026 /PRNewswire/ - MDA Space Ltd. ("MDA Space") (TSX:MDA) (NYSE:MDA) announced today the results of its Annual General Meeting of Shareholders (the "Meeting") which took place virtually on May 7, 2026.

Backlog of $3.7 billion at quarter-end, providing revenue visibility into 2026 and beyond Revenues of $464 million, up 32% YoY Adjusted EBITDA 1 of $91 million, up 32% YoY; Adjusted EBITDA margin 1 of 19.5% Adjusted net income 1 of $51 million, up 32% YoY Operating cash flow of $61 million; Free cash flow 1 of $(28) million Net cash 1 position of $299 million at quarter-end; Total liquidity of $1.2 billion Reaffirmed 2026 full-year financial outlook TORONTO, May 7, 2026 /PRNewswire/ - MDA Space Ltd. (TSX: MDA) (NYSE: MDA), a trusted mission partner to the rapidly expanding global space industry, today announced its financial results for the first quarter ended March 31, 2026.

Momentum with contracts and letters of interest demonstrates growing demand for next-generation Earth observation data ahead of late 2026 launch TORONTO, May 5, 2026 /PRNewswire/ - MDA Space Ltd. (TSX: MDA) (NYSE:MDA), a trusted mission partner to the rapidly expanding global space industry, today announced at the GEOINT Symposium that it has finalized nine early customer contracts for MDA CHORUS™ data, its next-generation Earth observation constellation expected to launch in late 2026.

TORONTO, April 20, 2026 /PRNewswire/ - MDA Space Ltd. (TSX: MDA) (NYSE: MDA), a leading provider of advanced technology and services to the rapidly expanding global space industry, has been selected by Airbus to design and build more than 880 Ka-band steerable antennas and 440 Ku-band user replacement antennas for the OneWeb low Earth orbit (LEO) constellation owned by the global operator Eutelsat.

TORONTO, April 14, 2026 /PRNewswire/ - MDA Space Ltd. (TSX: MDA) (NYSE: MDA), a trusted mission partner to the rapidly expanding global space industry, will release its first quarter 2026 financial results before market open on Thursday, May 7, 2026 and the management team will host a conference call and webcast to discuss these results at 8:30am ET.

Initial MDA MIDNIGHT™ mission is designed to rendezvous with low Earth orbit space assets to track, counter, capture and de-orbit TORONTO and COLORADO SPRINGS, Colo., April 13, 2026 /PRNewswire/ - MDA Space Ltd.

TORONTO, March 24, 2026 /PRNewswire/ - MDA Space Ltd. (TSX: MDA) (NYSE: MDA), a trusted mission partner to the rapidly expanding global space industry, today issued the following statement in response NASA's changes to the Artemis mission.

MDA Space is up 42% since January, yet still trades at multiples comparable to slower-growing peers like L3Harris and Northrop Grumman. Gross Margin contraction is a mix-shift story, not an efficiency problem. Adjusted EBITDA held firm at 20% despite the mix shift; management guides 18-20% for 2026, signalling a well-understood floor.

MDA Space is downgraded from strong buy to buy after a sharp stock price recovery and surpassing the C$27.61 price target. Revenue surged 51% to $1.63B, and EBITDA rose 49%, but margin compression and heavy investment signal a shift from high growth to execution focus. 2026 guidance points to 10% revenue growth, margin pressure, and neutral to negative free cash flow as MDA shifts to executing a $4B backlog and $40B pipeline.