MDA Space management commentary: Higher work volumes drive Q3 2026 adjusted EBITDA growth of 15.9%
Bitget2026/11/05 11:55- MDA Space management commentary attributed Q3 2026 revenue growth of 21.5% to CAD 498.1 million to higher satellite systems and geointelligence volumes.
- Satellite systems revenue rose 26.4% to CAD 358.3 million, primarily driven by increased work on the Telesat Lightspeed program.
- Adjusted EBITDA increased 15.9% to CAD 96 million as higher work volumes supported backlog conversion.
- Adjusted EBITDA margin fell to 19.3% from 20.2%, reflecting a change in program mix and higher selling, general and administrative spending.
- Net income rose 14.4% to CAD 30.9 million, driven by higher gross profit and lower taxes, partly offset by increased operating expenses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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