Telesat is a Canadian satellite communications operator serving enterprise, government, and telecom customers with broadband and specialized connectivity. Alongside its existing geostationary fleet, it is developing Lightspeed, a low-Earth-orbit constellation designed for high-throughput, low-latency global coverage. The business competes in enterprise and backhaul connectivity rather than consumer mobile handsets.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q1 2025 | 116.8 | — | -15.5 | — |
| Q2 2025 | 106.1 | — | 21 | — |
| Q3 2025 | 101.1 | — | -35.3 | — |
| Q4 2025 | 94 | — | -125.5 | — |
| Q1 2026 | 87.1 | -25.4% | -45.5 | — |
| Q2 2026 | 79.5 | -25.1% | -165.8 | -889.6% |
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