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MDA SPACE REPORTS THIRD QUARTER 2026 RESULTS
MDA Space reported third-quarter 2026 revenue of $498 million, up 22% year over year, and adjusted EBITDA of $96 million, up 16%. It also reported $3.9 billion in backlog, raised its 2026 revenue and adjusted EBITDA guidance, and ended the quarter with $1.3 billion in net cash.
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What happened
MDA Space reported third-quarter 2026 revenue of $498 million, up 22% year over year, and adjusted EBITDA of $96 million, up 16%. It also reported $3.9 billion in backlog, raised its 2026 revenue and adjusted EBITDA guidance, and ended the quarter with $1.3 billion in net cash.
Confirmed
Global impact / market context
Higher revenue and earnings, alongside a large backlog, suggest MDA is turning contracted work into sales while retaining capacity to fund operations and investment. Increased guidance signals management expects stronger 2026 results, which may influence investor expectations for future growth and execution.
Analyst inference
The reported backlog provides stated revenue visibility for 2027 and beyond, but it is not the same as revenue already earned. Investors may weigh that future work against the company’s ability to deliver contracts, sustain growth, and convert earnings into cash.
Analyst inference
What to watch
- Check subsequent results for whether revenue growth continues and whether MDA converts its $3.9 billion backlog into completed work and recognized sales as expected. Analyst inference
- Compare future 2026 results with the increased revenue and adjusted EBITDA guidance to see whether the company delivers the outlook it raised. Analyst inference
- Track cash generation alongside investment in next-generation space technologies and the new manufacturing facility, because spending can affect cash available for other needs. Analyst inference
Evidence
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