Canada’s MDA Space (MDA) has reported third-quarter financial results that cruised past the consensus forecasts of analysts.
The Brampton, Ontario-based company reported earnings per share (EPS) of $0.37, sailing past analyst estimates of $0.29.
Revenue in the July through September period totaled $498.1 million, topping the $445.4 million that had been expected on Wall Street. The company’s sales were up 21.5% from a year ago.
MDA Space, which specializes in satellite systems and space operations, said its order backlog stood at $3.95 billion as of Sept. 30 this year.
Revenue in the third quarter rose across all of MDA Space’s business units. Satellite Systems was particularly strong, with sales of $358.3 million, up from $283.5 million in Q3 2025.
Robotics & Space Operations saw revenue of $79.9 million, up from $78.3 million a year earlier.
Sales in the Geointelligence unit totaled $59.9 million, up from $48 million in 2025.
In terms of guidance, MDA Space raised its outlook, saying it now expects full-year earnings of $355 million to $375 million. That’s up from a previous forecast of $330 million to $370 million.
Full-year revenue was lifted to $1.90 billion to $1.95 billion, up from a previous outlook that called for $1.80 billion to $1.90 billion in 2026 sales.
MDA stock jumped 8% higher immediately after its latest print. The company’s share price has risen 45% over the last 12 months to trade at $26.23 U.S. in New York.
Tech Insider
