Filing Flows › Comtech Telecommunications (CMTL) › Q3 FY26
Comtech Telecommunications (CMTL) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jun 15, 2026
Comtech Telecommunications (CMTL) reported revenue of $106M for the third quarter fiscal 2026 (Q3 FY26), -16% from a year earlier and -0.7% from the quarter before. Operating margin was -2.9%, net loss $3.5M (3.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $106M | -0.7% | -16% |
| Operating profit | −$3.1M | — | — |
| Net earnings | −$3.5M | — | -110% |
| Operating cash flow | $6.1M | +25% | +165% |
| Free cash flow | $673K | +52% | — |
What changed
Revenue was $106.0M in Q3 FY26, down 16% year over year and down 1% from the previous quarter. Allerium was the largest line at 53% of revenue. Satellite and Space Communications lost $17.2M year over year (down 26%), 83% of the total change.
Gross margin was 34.0%, up 3.3 points from Q3 FY25. Operating costs exceeded revenue by $3.1M, an operating margin of -2.9%. Operating expenses fell 3% while revenue fell 16%. The fastest-growing cost line was Research & development (+18%). The quarter ended with a net loss of $3.5M, narrower than the previous quarter's $13.6M loss. Non-operating items added $937K, -43% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $6.1M (up 165% year over year). Non-cash charges added back $7.7M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $654K. Capital expenditures of $5.4M left free cash flow of $673K.
Questions
What was Comtech Telecommunications' revenue in the third quarter fiscal 2026?
Comtech Telecommunications (CMTL) reported revenue of $106M for the third quarter fiscal 2026 (Q3 FY26), -16% from a year earlier and -0.7% from the quarter before.
Was Comtech Telecommunications profitable in the third quarter fiscal 2026?
Operating loss was $3.1M (-2.9% of revenue) and net loss $3.5M.