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MDA Space Ltd (TSE:MDA)
TSX:MDA
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.33Last Year’s EPS
0.29Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call presented a strongly positive operational and financial picture: record revenue and adjusted EBITDA, robust satellite production ramp plans, a large $40B 5‑year pipeline and strong liquidity and balance sheet metrics. Short‑term headwinds include reduced quarterly cash generation, margin pressure from program mix, the EchoStar contract cancellation (now resolved) and a more moderate 2026 growth guide with neutral/negative free cash flow expected. The positives — especially the magnitude of revenue growth, backlog, pipeline and strategic investments — materially outweigh the near‑term cash and margin pressures.Company Guidance
Record Fiscal 2025 Financial Results
Total revenue of $1.63 billion, up 51% year-over-year; adjusted EBITDA of $324 million, up 49% YoY; adjusted EBITDA margin ~19.8% (approximately 20%); adjusted net income $190 million, up 71% YoY; adjusted diluted EPS $1.46, up 66% YoY.
Strong Q4 Performance
Q4 revenue of $499 million, up 44% YoY; Q4 gross profit $127 million, up 55% YoY; Q4 gross margin 25.5% versus 23.6% in prior year; Q4 adjusted EBITDA $96 million (record) with margin of 19.3%.
Satellite Systems Surge
Satellite Systems revenue of $1.1 billion for FY25, up ~85% YoY (Q4 Satellite Systems $371 million, +58% YoY). Key drivers: Telesat Lightspeed program (CDR progress, deliveries beginning 2026 with ramp in 2027) and Globalstar next‑generation LEO program (CDR complete; assembly and integration underway).
Backlog and Large Pipeline
Backlog of $4.0 billion (7x since 2020) providing revenue visibility; pipeline of $40 billion in cumulative opportunities over next 5 years, including $10 billion of opportunities where MDA Space has been downselected or are follow-ons.
Solid Balance Sheet and Liquidity
Net cash position of $152 million at year end, total available liquidity $821 million, net debt to trailing 12‑month adjusted EBITDA ~0.4x. Completed issuance of $250 million senior unsecured notes due 2030 and extended $700 million revolving facility (maturity extended to 2030, $150 million accordion).
Strategic Investments and Manufacturing Scale-Up
Invested $242 million in CapEx in FY25 (up from $198 million in 2024); Montreal facility expansion (additional ~185,000 sq ft) to support high-volume satellite production (facility capable of up to ~400 satellites/year); started capitalizing space-grade chip work following SatixFy acquisition; ranked #32 among Canada’s top 100 R&D spenders and top company patents metrics.
Notable Contract Awards and Strategic Partnerships
Awards/agreements include $45M ATP from CSA for RADARSAT long‑lead parts and intent to procure replenishment satellite, IDIQ with U.S. Missile Defense Agency (SHIELD), strategic partnership with Canada DND & Telesat for Arctic MILSATCOM (~$5B+ program of record), MOU with Hanwha Systems, progress on CHORUS and Canadarm3 Phase C.
Profitable Long‑Term Growth Track Record
Since 2020 revenue CAGR of ~32% (above stated 20–30% target) with profitable growth and repeat ~20% adjusted EBITDA margin; full‑year free cash flow positive at $165 million despite heavy investment year.
TSE:MDA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:MDA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 04, 2026 | C$40.53 | C$42.91 | +5.87% |
Nov 14, 2025 | C$21.43 | C$22.26 | +3.87% |
Aug 07, 2025 | C$46.18 | C$44.46 | -3.72% |
May 08, 2025 | C$24.64 | C$24.40 | -0.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does MDA Space Ltd (TSE:MDA) report earnings?
MDA Space Ltd (TSE:MDA) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is MDA Space Ltd (TSE:MDA) earnings time?
MDA Space Ltd (TSE:MDA) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:MDA EPS forecast?
TSE:MDA EPS forecast for the fiscal quarter 2026 (Q1) is 0.33.
