Filing Flows › Comtech Telecommunications (CMTL) › Q2 FY26 › vs Q1 FY26
Comtech Telecommunications (CMTL) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Comtech Telecommunications's revenue fell $4.3M (-4%) from $111M in Q1 FY26 to $107M in Q2 FY26. The biggest changes: Satellite and Space Communications −$4.5M (-8%); Allerium +$253K (+0.5%).
Comtech Telecommunications, Q2 FY26: revenue $107M (-16% year over year), operating margin -1.2%, net loss $13.6M, operating cash flow $4.9M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.4% | 4.3% | -3.9 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Allerium | $56.2M | $55.9M | $253K | +0.5% |
| Satellite and Space Communications | $50.6M | $55.1M | −$4.5M | -8% |
| Revenue | $107M | $111M | −$4.3M | -4% |
| Net loss | $13.6M | $15.9M | −$2.2M | -14% |
| Costs & expenses | $120M | $127M | −$6.5M | -5% |
| Operating costs | $108M | $114M | −$5.8M | -5% |
| Interest & other, net | $12.4M | $12.7M | −$298K | -2% |
| Income tax | $17K | $442K | −$425K | -96% |
| Cost of revenue | $70.5M | $74.3M | −$3.7M | -5% |
| Research & development | $4.4M | $3.8M | $640K | +17% |
| SG&A | $27.7M | $29.9M | −$2.3M | -8% |
| Other operating costs | $5.3M | $5.8M | −$447K | -8% |
| Operating cash sources | $18.5M | $24.0M | −$5.5M | -23% |
| Depreciation & amortization | $8.0M | $8.0M | −$36K | -0.4% |
| Share-based compensation | $412K | $1.1M | −$715K | -63% |
| Working capital & other | $10.1M | $14.8M | −$4.7M | -32% |
| Net loss absorbed | $13.6M | $15.9M | −$2.2M | -14% |
| Operating cash flow | $4.9M | $8.1M | −$3.2M | -40% |
| Free cash flow (OCF − capex) | $442K | $4.8M | −$4.4M | -91% |
| Capital expenditures | $4.4M | $3.3M | $1.2M | +36% |
Questions
How much did Comtech Telecommunications's revenue grow quarter over quarter in Q2 FY26?
Comtech Telecommunications's revenue fell $4.3M (-4%) from $111M in Q1 FY26 to $107M in Q2 FY26.
What drove Comtech Telecommunications's revenue change in Q2 FY26?
Satellite and Space Communications −$4.5M (-8%); Allerium +$253K (+0.5%).