Filing Flows › Comtech Telecommunications (CMTL) › Q2 FY26
Comtech Telecommunications (CMTL) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Mar 16, 2026
Comtech Telecommunications (CMTL) reported revenue of $107M for the second quarter fiscal 2026 (Q2 FY26), -16% from a year earlier and -4% from the quarter before. Operating margin was -1.2%, net loss $13.6M (12.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $107M | -4% | -16% |
| Operating profit | −$1.2M | — | — |
| Net earnings | −$13.6M | — | — |
| Operating cash flow | $4.9M | -40% | — |
| Free cash flow | $442K | -91% | — |
What changed
Revenue was $106.8M in Q2 FY26, down 16% year over year and down 4% from the previous quarter. Allerium was the largest line at 53% of revenue. Satellite and Space Communications lost $23.1M year over year (down 31%), 117% of the total change.
Gross margin was 33.9%, up 7.3 points from Q2 FY25. Operating costs exceeded revenue by $1.2M, an operating margin of -1.2%. Operating expenses fell 15% while revenue fell 16%. The quarter ended with a net loss of $13.6M, narrower than the previous quarter's $15.9M loss. Net interest and other expense of $12.4M was the main reason.
Operating cash flow was $4.9M. Non-cash charges added back $8.0M of depreciation and amortization and $412K of share-based compensation. Working capital and other items added $10.1M. Capital expenditures of $4.4M left free cash flow of $442K.
Questions
What was Comtech Telecommunications' revenue in the second quarter fiscal 2026?
Comtech Telecommunications (CMTL) reported revenue of $107M for the second quarter fiscal 2026 (Q2 FY26), -16% from a year earlier and -4% from the quarter before.
Was Comtech Telecommunications profitable in the second quarter fiscal 2026?
Operating loss was $1.2M (-1.2% of revenue) and net loss $13.6M.