MDA Space Ltd (TSE:MDA)

TSX:MDA

MDA

MDA Space Ltd

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MDA Space Ltd (MDA) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 07, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.35

Last Year’s EPS

0.38

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 12 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 07, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a dominant set of positive operational and financial developments—strong YoY revenue growth (+32%), margin improvement, multiple contract wins, key technical milestones, and a successful U.S. IPO that strengthened liquidity—while also acknowledging near-term cash flow pressures (negative free cash flow in Q1), elevated CapEx to scale production, a modest sequential revenue decline due to timing, and the typical timing risks around government procurements and pipeline conversions. On balance, the positives (growth, profitability, strategic wins, and a large addressable pipeline) significantly outweigh the near-term liquidity and timing challenges.

Company Guidance

MDA Space reiterated its FY2026 guidance: revenues $1.7–$1.9B (midpoint $1.8B, ~10% YoY at midpoint), adjusted EBITDA $320–$370M (~7% YoY at midpoint) with adjusted EBITDA margin 18–20%, CapEx $225–$275M, and full‑year free cash flow expected neutral to negative. In Q1 the company reported revenues of $464M (+32% YoY), gross profit $115M (24.8% margin, +45% YoY), adjusted EBITDA $91M (19.5% margin, +32% YoY), adjusted net income $51M (+32% YoY) and adjusted diluted EPS $0.38 (+27% YoY); by segment Satellite Systems $313M (+41%), Robotics & Space Operations $92M (+18%) and Geointelligence $59M (+15%). Quarter-end backlog was $3.7B (down $300M), cash on hand $544M, IPO proceeds USD 341M, $699M available under the credit facility and total liquidity ≈ $1.2B; Q1 CapEx was $88M (vs $62M prior) with operating cash flow $61M (vs $267M prior) and Q1 free cash flow -$28M (vs +$205M prior). The company cites a $40B opportunity pipeline (including $10B downselected/follow‑on), an addressable satellite market of 20–30% of an expected 40k–50k launches (5% progressed into active pursuits → ~$30B of cumulative Satellite Systems opportunities over five years), a Robotics pipeline >$3B, a Geointelligence pipeline >$7B, and CHORUS activity (launch window late 2026, 9 contracts and 32 letters of interest).

Strong Top-Line Growth

Q1 revenue of $464M, up $113M or 32% year-over-year, driven by all three business areas and in line with company expectations.

Improved Profitability

Gross profit $115M, up $36M or 45% YoY; gross margin 24.8% vs 22.7% a year ago. Adjusted EBITDA $91M, up 32% YoY with an adjusted EBITDA margin of 19.5%.

Earnings and EPS Growth

Adjusted net income $51M, up $12M or 32% YoY. Adjusted diluted EPS $0.38, up 27% YoY (partially offset by higher shares outstanding from IPO).

Business Area Momentum

Satellite Systems revenue $313M (+$91M, +41% YoY); Robotics & Space Operations $92M (+$14M, +18% YoY); Geointelligence $59M (+$8M, +15% YoY).

Major Commercial and Defense Wins

Selected as an approved supplier by U.S. Missile Defense Agency (Shield IDIQ); MOU with Honeywell for Korea LEO defense; 49North defense organization launched; contract from Canada's DIA for 3 optical observatories; repeat order from Airbus for >1,300 OneWeb replacement antennas; MLS $200M DND agreement for Spaceport Nova Scotia.

Operational and Technical Milestones

Received production-ready Prime 2 space-grade ASIC chips; delivered first set of satellites under initial 17-satellite Globalstar contract; CHORUS spacecraft completed thermal vacuum testing and shipped back for integration; Canadarm2 celebrated 25 years of operation.

Strengthened Balance Sheet from IPO

Successfully completed a U.S. IPO raising gross proceeds of USD 341M; cash on hand $544M and $699M available under credit facility, total available liquidity $1.2B.

Large Opportunity Pipeline

Maintained a $40B opportunity pipeline (including $10B of downselected or follow-on opportunities). Satellite Systems sees ~$30B of cumulative opportunities over next 5 years; Geointelligence pipeline > $7B; Robotics & Space Ops pipeline > $3B.

Reiterated Full-Year Guidance

Reaffirmed FY2026 revenue guidance $1.7B–$1.9B (midpoint ~+10% YoY), adjusted EBITDA $320M–$370M (midpoint ~+7% YoY) and adjusted EBITDA margin 18%–20%.

MDA Space Ltd (TSE:MDA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:MDA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 07, 2026	2026 (Q2)	0.34 / -	0.38	―	―	―
May 07, 2026	2026 (Q1)	0.32 / 0.38	0.29	31.03% (+0.09)		―
Mar 04, 2026	2025 (Q4)	0.40 / 0.45	0.28	60.71% (+0.17)		―
Nov 14, 2025	2025 (Q3)	0.33 / 0.35	0.28	25.00% (+0.07)	―	―
Aug 07, 2025	2025 (Q2)	0.29 / 0.38	0.19	100.00% (+0.19)	―	―
May 08, 2025	2025 (Q1)	0.25 / 0.29	0.15	93.33% (+0.14)	―	―
Mar 07, 2025	2024 (Q4)	0.27 / 0.28	0.23	21.74% (+0.05)	―	―
Nov 15, 2024	2024 (Q3)	0.20 / 0.28	0.08	250.00% (+0.20)	―	―
Aug 08, 2024	2024 (Q2)	0.13 / 0.19	0.08	137.50% (+0.11)	―	―
May 09, 2024	2024 (Q1)	0.13 / 0.15	0.13	15.38% (+0.02)	―	―

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
May 07, 2026	C$44.00	C$46.67	+6.07%
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%

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.