Telesat publishes transcript of Q2 2026 financial results call

• Telesat discussed Q2 2026 results with CEO Daniel Goldberg, CFO Donald Tremblay, IR VP James Ratcliffe, analysts.
• Lightspeed expanded to 225 satellites; firm MDA order for 69 more; global commercial availability still targeted for Q1 2028.
• 2026 Lightspeed investment guidance raised to CAD 1.3-1.5 billion; funded by Government of Canada pre-service milestone payments.
• Lightspeed backlog rose to about $5.6 billion, driven by a 15-year initial ESCP-P contract; management expects further sovereign wins by end-2027.
• Q2 consolidated revenue $79 million; adjusted EBITDA $22 million; net loss $559 million, including a $475 million warrant fair-value hit.
• GEO Q2 revenue $78 million, down 26%; GEO backlog increased to $900 million; satellite utilization 60% following retirements.
• FCC C-band order implies USD 189 million incentive payments; Telesat also borrowed USD 120 million via a non-guarantor GEO subsidiary.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Telesat Corporation published the original content used to generate this news brief on August 14, 2026, and is solely responsible for the information contained therein.