Filing Flows › Comtech Telecommunications (CMTL) › Q2 FY26 › vs Q2 FY25
Comtech Telecommunications (CMTL) Q2 FY26 vs Q2 FY25 (year over year)
Comtech Telecommunications's revenue fell $19.8M (-16%) from $127M in Q2 FY25 to $107M in Q2 FY26. The biggest changes: Satellite and Space Communications −$23.1M (-31%); Allerium +$3.3M (+6%).
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 Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.4% | -1.5% | +1.9 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Allerium | $56.2M | $52.9M | $3.3M | +6% |
| Satellite and Space Communications | $50.6M | $73.7M | −$23.1M | -31% |
| Revenue | $107M | $127M | −$19.8M | -16% |
| Net loss | $13.6M | $48.7M | −$35.1M | -72% |
| Costs & expenses | $120M | $176M | −$55.9M | -32% |
| Operating costs | $108M | $137M | −$28.8M | -21% |
| Interest & other, net | $12.4M | $39.5M | −$27.1M | -69% |
| Income tax | $17K | −$968K | $985K | — |
| Cost of revenue | $70.5M | $92.8M | −$22.3M | -24% |
| Research & development | $4.4M | $4.4M | $76K | +2% |
| SG&A | $27.7M | $33.8M | −$6.2M | -18% |
| Other operating costs | $5.3M | $5.8M | −$463K | -8% |
| Operating cash sources | $18.5M | $48.5M | −$30.0M | -62% |
| Depreciation & amortization | $8.0M | $7.8M | $186K | +2% |
| Share-based compensation | $412K | $1.2M | −$758K | -65% |
| Working capital & other | $10.1M | $39.5M | −$29.4M | -74% |
| Net loss absorbed | $13.6M | $48.7M | −$35.1M | -72% |
| Operating cash flow | $4.9M | −$234K | $5.1M | — |
| Free cash flow (OCF − capex) | $442K | −$1.9M | $2.3M | — |
| Capital expenditures | $4.4M | $1.7M | $2.8M | +168% |
Questions
How much did Comtech Telecommunications's revenue grow year over year in Q2 FY26?
Comtech Telecommunications's revenue fell $19.8M (-16%) from $127M in Q2 FY25 to $107M in Q2 FY26.
What drove Comtech Telecommunications's revenue change in Q2 FY26?
Satellite and Space Communications −$23.1M (-31%); Allerium +$3.3M (+6%).