MDA Space reported third-quarter earnings, showing sales of C$409.8 million, up from C$282.4 million a year ago, along with a new collaboration with Bumblebee Power to advance wireless power technology for space applications.
While sales increased substantially, the slight decrease in quarterly net income and the entry into innovative wireless power technology highlight both growth opportunities and short-term margin pressures for the company.
We’ll explore how robust revenue growth and the Bumblebee Power partnership fit within MDA Space’s long-term investment narrative.
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To own MDA Space, investors must believe in the long-term outlook for global satellite demand and the company’s ability to secure major contracts and realize operating leverage from new manufacturing capacity. The recent news, highlighted by a sharp jump in quarterly sales but a smaller drop in net income, does not materially change the main near-term catalyst: securing and retaining high-value constellation contracts. It does, however, continue to shine a light on the risk of margin compression amidst heavy capital investments and intense industry competition.
The recently announced partnership with Bumblebee Power is the most relevant current development. Advancing new wireless power technology aligns with MDA Space’s push for future-ready solutions and supports the multi-year growth story tied to space infrastructure contracts. While the partnership enhances MDA’s innovation credentials, it remains to be seen if these initiatives translate to improved margins in the face of ongoing margin pressures and significant capital expenditure requirements.
But, behind headline revenue growth, investors should pay close attention to …
Read the full narrative on MDA Space (it’s free!)
MDA Space’s narrative projects CA$2.6 billion revenue and CA$271.2 million earnings by 2028. This requires 24.5% yearly revenue growth and a CA$156.5 million earnings increase from CA$114.7 million.
Uncover how MDA Space’s forecasts yield a CA$42.69 fair value, a 92% upside to its current price.
TSX:MDA Earnings & Revenue Growth as at Nov 2025
Fifteen separate Simply Wall St Community fair value estimates for MDA Space range from C$29.23 to C$58.79. Amid wide differences in outlook, many are watching the margin pressure and capital intensity that could weigh on earnings momentum and project delivery, making it important to compare multiple viewpoints.