Everybody is insecure and fat these days. This drug will print regardless if the pipeline is suboptimal at the moment. I see this going to 75 soon. If we get lucky with the pipeline 100 is not off the table.
MDA SPACE REPORTS SECOND QUARTER 2026 RESULTS
Backlog of $4.0 billion at quarter-end increased $310 million compared to Q1 2026
Revenues of $499 million, up 34% YoY
Adjusted EBITDA1 of $96 million, up 26% YoY; Adjusted EBITDA margin1 of 19.3%
Adjusted net income1 of $52 million, up 13% YoY
Operating cash flow of $(93) million; Free cash flow1 of $(150) million
Net cash1 position of $153 million at quarter-end; Total liquidity of $1.1 billion
Increased midpoint of 2026 Revenue and Adjusted EBITDA guidance
FCF is a little sad, but I think capex is exactly what this company needs to stay ahead.
This is the validation we need to watch this rip past ATHs