Filing Flows › Comtech Telecommunications (CMTL) › Q3 FY26 › vs Q3 FY25
Comtech Telecommunications (CMTL) Q3 FY26 vs Q3 FY25 (year over year)
Comtech Telecommunications's revenue fell $20.8M (-16%) from $127M in Q3 FY25 to $106M in Q3 FY26. The biggest changes: Satellite and Space Communications −$17.2M (-26%); Allerium −$3.5M (-6%).
Comtech Telecommunications, Q3 FY26: revenue $106M (-16% year over year), operating margin -2.9%, net loss $3.5M, operating cash flow $6.1M. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.6% | -0.1% | +0.8 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Allerium | $55.7M | $59.2M | −$3.5M | -6% |
| Satellite and Space Communications | $50.3M | $67.6M | −$17.2M | -26% |
| Revenue | $106M | $127M | −$20.8M | -16% |
| Other income, net | $937K | $33.7M | −$32.7M | -97% |
| Net loss | $3.5M | −$33.9M | $37.4M | — |
| Costs & expenses | $110M | $162M | −$51.9M | -32% |
| Operating costs | $109M | $128M | −$19.2M | -15% |
| Income tax | $1.3M | −$1.8M | $3.1M | — |
| Cost of revenue | $69.9M | $87.8M | −$17.9M | -20% |
| Research & development | $5.2M | $4.4M | $795K | +18% |
| SG&A | $29.3M | $30.2M | −$872K | -3% |
| Other operating costs | $4.6M | $5.8M | −$1.2M | -21% |
| Operating cash sources | $9.6M | −$31.6M | $41.2M | — |
| Depreciation & amortization | $7.7M | $7.8M | −$44K | -0.6% |
| Share-based compensation | $1.2M | $1.2M | −$14K | -1% |
| Working capital & other | $654K | −$40.6M | $41.3M | — |
| Net loss absorbed | $3.5M | −$33.9M | $37.4M | — |
| Operating cash flow | $6.1M | $2.3M | $3.8M | +165% |
| Free cash flow (OCF − capex) | $673K | −$160K | $833K | — |
| Capital expenditures | $5.4M | $2.5M | $3.0M | +121% |
Questions
How much did Comtech Telecommunications's revenue grow year over year in Q3 FY26?
Comtech Telecommunications's revenue fell $20.8M (-16%) from $127M in Q3 FY25 to $106M in Q3 FY26.
What drove Comtech Telecommunications's revenue change in Q3 FY26?
Satellite and Space Communications −$17.2M (-26%); Allerium −$3.5M (-6%).