TORONTO — MDA Space Ltd. reported $30.9 million in net income for its third quarter, up from $27.0 million in the same quarter last year and raised its guidance for the year. The company says the profit amounted to 19 cents per diluted share for the quarter ended Sept. 30 compared with a profit of 21 cents per diluted share a year ago when it had fewer shares outstanding. On an adjusted basis, MDA says it earned 37 cents per diluted share in its latest quarter, the same as the same quarter last year. Revenue for the quarter totalled $498.1 million, up from $409.8 million in the third quarter of 2025. The increase came as satellite systems revenue rose to $358.3 million, up from $283.5 million a year ago, while robotics and space operations revenue totalled $79.9 million, up from $78.3 million. Geointelligence revenue was $59.9 million, up from $48.0 million. In its outlook, MDA says it now expects revenue for 2026 to total between $1.90 billion and $1.95 billion, up from earlier expectations for $1.8 billion to $1.9 billion. MDA’s order backlog stood at $3.95 billion at Sept. 30 compared with $4.39 billion a year earlier. This report by The Canadian Press was first published Nov. 5, 2026.
