MDA Space revenue rockets 34% in Q2 as company reports $27.9M profit

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TORONTO - MDA Space Ltd. recorded a $27.9 million profit in its second quarter as its revenue climbed almost 34 per cent from a year earlier.

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TORONTO – MDA Space Ltd. recorded a $27.9 million profit in its second quarter as its revenue climbed almost 34 per cent from a year earlier.

The Toronto-based space technology company says its net income compared with earnings of $27.2 million a year prior.

Its profit for the period ended June 30 amounted to 20 cents per diluted share, compared with 21 cents in its previous second quarter.

Jean-Michel Leclerc, centre, lead engineer of the Radarsat Constellation Mission is seen with two of the three satellites at the MDA facility Thursday, June 21, 2018 in Montreal. THE CANADIAN PRESS/Ryan Remiorz
Jean-Michel Leclerc, centre, lead engineer of the Radarsat Constellation Mission is seen with two of the three satellites at the MDA facility Thursday, June 21, 2018 in Montreal. THE CANADIAN PRESS/Ryan Remiorz

On an adjusted basis, MDA says it earned 36 cents per diluted share in its latest quarter, unchanged from the same quarter last year.

Revenue for the quarter totalled $498.6 million, up from $373.3 million in the second quarter of 2025.

MDA says the revenue increase was spurred by higher volumes of work across all of its businesses.

This report by The Canadian Press was first published Aug. 7, 2026.

Companies in this story: (TSX:MDA)

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