MDA Space says Q2 2026 earnings growth is driven by higher work volumes across business lines
Reuters2026/08/07 10:07- For Q2 2026, revenue rose to CAD 498.6 million, driven by higher work volumes across all business areas.
- Satellite Systems growth was led by increased activity on the Telesat Lightspeed program; Robotics growth reflected higher Canadarm3 volumes.
- Adjusted EBITDA increased to CAD 96.3 million, supported by higher volumes as the company converted backlog into revenue; margin was 19.3%.
- Backlog ended the quarter at CAD 4 billion, up CAD 310 million from Q1 as bookings outpaced revenue conversion.
- Operating cash flow was negative CAD 93.4 million, attributed to working-capital swings on major programs; free cash flow was negative CAD 150.2 million.
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.
You may also like
OPEC+ agrees to keep oil output policy unchanged for October
US military strikes Iranian oil tanker, triggering geopolitical risks as Brent crude nears $97 mark
Following the US military's attack on Iranian oil tankers and Iran's announcement of new restricted navigation zones outside the Strait of Hormuz, market concerns over prolonged disruptions in key energy transport routes have intensified, leading to a sharp rise in international oil prices.
Geopolitical tensions overshadowing production cuts: OPEC+ maintains quotas unchanged, paper adjustments fail to resolve physical supply dilemmas
OPEC+ major oil producers, led by Saudi Arabia and Russia, held a monthly video conference last Sunday and decided to keep the crude oil production quota for October unchanged, continuing the previous tone of stable production following a series of symbolic production increases.
IX Biopharma seeks SGX-ST trading halt lift for shares in Singapore
Crypto prices
More
