MDA Space Reports Q3 Revenue Growth and Raises 2026 Guidance
Third-quarter 2026 revenue rose 21.5% year over year to $498.1 million, while adjusted EBITDA increased 15.9% to $96.0 million. Backlog was $3.949 billion, and the company raised full-year revenue guidance to $1.90 billion–$1.95 billion.
MDA Space Ltd. reported third-quarter 2026 revenue of $498.1 million, representing a 21.5% increase year-over-year. Adjusted EBITDA for the quarter reached $96.0 million, up 15.9% compared to the same period in 2025. The company ended the quarter with a backlog of $3.949 billion, providing revenue visibility for 2027 and beyond.
Driven by strong performance, the company raised its full-year 2026 revenue guidance to a range of $1.90 billion to $1.95 billion. Management attributed the growth to higher work volumes in its Satellite Systems and Geointelligence segments.