Canada's MDA Space Q1 revenue, adj EBITDA beat estimates on higher volumes

MDA Space

07/05/2026 10:56

Overview

Canada space technology firm's Q1 revenue rose 32% yr/yr, beating analyst expectations

Adjusted EBITDA for Q1 climbed 32% yr/yr, beating analyst expectations

Net income declined 10% yr/yr, mainly due to higher amortization from acquisition

Outlook

MDA reaffirms 2026 full-year revenue outlook of C$1.7 bln to C$1.9 bln

Company expects 2026 adjusted EBITDA of C$320 mln to C$370 mln, margin of 18%-20%

MDA anticipates 2026 capital expenditures of C$225 mln to C$275 mln; free cash flow neutral to negative

Result Drivers

HIGHER WORK VOLUMES - Co said revenue and adjusted EBITDA growth were driven by higher volumes across all business areas

SATELLITE SYSTEMS PROGRAMS - Growth in Satellite Systems revenue was attributed to increased work on the Telesat Lightspeed and Globalstar programs

ROBOTICS & SPACE OPERATIONS - Increased volume on the Canadarm3 program contributed to growth in this segment

Company press release: ID:nPn5svbvXa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
C$464.10 mln
C$413.91 mln (6 Analysts)
Q1 Adjusted EBITDA
Beat
C$90.60 mln
C$78.25 mln (6 Analysts)
Q1 Gross Margin
24.80%
Q1 Adjusted EBITDA Margin
19.50%
Q1 Gross Profit
C$115.20 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)