Logotype for Comtech Telecommunications Corp

Comtech Telecommunications (CMTL) investor relations material

Comtech Telecommunications Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Comtech Telecommunications Corp
Q1 2026 earnings summary11 Dec, 2025

Executive summary

  • Achieved third consecutive quarter of positive operating cash flow, ending with $51 million in total liquidity and marking a significant turnaround from prior losses.

  • Net sales for Q1 FY26 were $111 million, down 4.1% year-over-year and 14.8% sequentially, reflecting a strategic focus on higher-margin opportunities.

  • Gross margin improved to 33.1% from 12.5% year-over-year, driven by operational efficiency and product mix changes.

  • Operating loss narrowed to $2.8 million from $129.2 million year-over-year; net loss attributable to common shareholders was $19.8 million, improved from $155.9 million loss last year.

  • Adjusted EBITDA was $9.6 million, a significant improvement from a $30.8 million loss in the prior year period.

Financial highlights

  • Net sales: $111 million (down 4.1% year-over-year, down 14.8% sequentially); Satellite and Space Communications: $55.1 million; Allerium: $55.9 million.

  • Gross profit: $36.8 million (33.1% margin), up 153.3% year-over-year.

  • Operating loss: $2.8 million, compared to $129.2 million loss year-over-year; net loss attributable to common shareholders: $19.8 million, improved from $155.9 million loss.

  • Adjusted EBITDA: $9.6 million, versus a $30.8 million loss year-over-year.

  • Bookings: $101.9 million, book-to-bill ratio 0.92x; backlog $663 million.

  • Operating cash flow: $8.1 million, third consecutive positive quarter.

  • Liquidity at quarter end was $51 million, including $41.4 million in cash and $9.6 million available on the revolver.

Outlook and guidance

  • Positioned at an inflection point for regrowth after phasing out low-margin products and focusing on higher-margin, strategic opportunities.

  • Revenue visibility at approximately $1.1 billion, including funded backlog and multi-year contracts.

  • Backlog and bookings do not yet include a $130 million+ contract extension secured in November.

  • Management expects attractive growth opportunities ahead, with improved margins and a focus on cash flow optimization.

  • No forward-looking GAAP or Non-GAAP guidance provided due to unpredictable operating environment.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Comtech Telecommunications earnings date

Logotype for Comtech Telecommunications Corp
Q2 202611 Mar, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Comtech Telecommunications earnings date

Logotype for Comtech Telecommunications Corp
Q2 202611 Mar, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Comtech Telecommunications Corp is a communications company that designs and manufactures advanced systems for satellite, space, and terrestrial communications. The company provides solutions for both commercial and government clients, including satellite modems, networking equipment, and emergency messaging systems. Comtech Telecommunications Corp is headquartered in Melville, New York, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage