MDA Space Ltd. is expected to report Q3 2026 revenue of $442.76 million CAD and EPS of $0.20 CAD on November 5, with the stock currently trading at $38.30 against an average analyst price target of $63.18.
The primary story for investors is the company’s total order backlog, which reached a pro-forma high of $4.4 billion in the previous quarter and serves as the fundamental driver for the firm's long-term growth trajectory.
Analysts are closely monitoring whether MDA can maintain its 1.6x book-to-bill momentum despite a guided second-half slowdown as major programs shift from high-growth development into integration. Markets also seek updates on the MDA CHORUS launch timeline and the scaling of the defense-oriented AURORA software-defined satellite portfolio.