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MDA Space reports $498.6M in revenue, up 33.6%
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MDA Space reports $498.6M in revenue, up 33.6%

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  • The single biggest result was MDA Space reporting $498.6 million in second-quarter revenues and a 33.6% year-over-year increase.
  • Management raised the full-year revenue outlook while posting an operating cash flow of negative $93.4 million.
  • The company stated it expects pending acquisitions of Blue Canyon Technologies and CLS to expand its addressable market.

MDA Space (NYSE:MDA) reported $498.6 million in second-quarter revenues, marking a 33.6% year-over-year increase.

This financial performance was supported by an adjusted EBITDA of $96.3 million and a 19.3% margin.

The aerospace business ended the quarter with a $4 billion backlog driven by $808.9 million in new bookings.

The corporation posted negative operating cash flows of $93.4 million due to higher capital expenditures.

Management raised the 2026 financial outlook, and following the announcement, MDA Space's share price was up at $34.26.

The technology provider recently opened a new high-volume Montreal satellite facility to support early MDA CHORUS contracts.

The company stated it expects pending acquisitions of Blue Canyon Technologies and CLS to expand its addressable market.

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