• Telesat Q1 2026 results call drew CEO Daniel Goldberg, CFO Donald Tremblay, IR head James Ratcliffe; analysts included ATB Cormark, Deutsche Bank, Quilty Space, New Street Research.
• Full global commercial service for Telesat Lightspeed still targeted around end of Q1 2028; management flagged rising allied-government interest tied to adding military Ka-band capability.
• Contract talks on Canada’s Enhanced Satellite Communications Project Polar (ESCP-P) expected to conclude in coming months; management plans investor call to update annual guidance, also Lightspeed long-range projections if ESCP-P uses Lightspeed.
• Q1 consolidated revenue USD 87 million; adjusted EBITDA USD 35 million; net loss USD 151 million driven mainly by noncash goodwill impairment plus lower GEO EBITDA.
• GEO segment posted revenue USD 86 million, down 26%; adjusted EBITDA USD 55 million; guidance reiterated for revenue USD 300 million-USD 320 million, adjusted EBITDA USD 210 million-USD 230 million, excluding debt refinancing expenditure.

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 May 06, 2026, and is solely responsible for the information contained therein.