MDA Space Reports Second Quarter 2026 Results

MDA Space announced its financial results for the second quarter of 2026. The company's backlog stood at $4.0 billion at the close of the quarter, representing a $310 million increase from the first quarter of 2026.

Revenues for the quarter reached $499 million, marking a 34% year-over-year increase. Adjusted EBITDA was $96 million, up 26% year-over-year, with an adjusted EBITDA margin of 19.3%.

Adjusted net income was reported at $52 million, a 13% increase year-over-year. Operating cash flow for the period was negative, totaling $(93) million.

Further details on free cash flow were not provided in the release.