Quarterly ResultJun 15, 2026, 08:11 AM
Comtech Q3 FY26 Sales Down 16.4% to $106M; Sells Satellite Business for $157.5M
AI Summary
Comtech Telecommunications Corp. announced its third quarter fiscal 2026 results, reporting net sales of $106.0 million, a decrease of 16.4% year-over-year. The company posted an operating loss of $3.1 million and a net loss attributable to common shareholders of $14.3 million. However, Comtech reported its fifth consecutive quarter of positive operating cash flow ($6.1 million) and Adjusted EBITDA of $8.2 million. Significantly, the company also announced the pending sale of most of its Satellite and Space Communications business for $157.5 million, a move intended to strengthen its financial position and focus on public safety and mission-critical technologies.
Key Highlights
- Comtech reports Q3 FY26 net sales of $106.0M, a 16.4% decrease YoY.
- Operating loss for Q3 FY26 was $3.1M, compared to $1.5M loss in Q3 FY25.
- Adjusted EBITDA (Non-GAAP) was $8.2M (7.8% of net sales) for Q3 FY26.
- GAAP cash flows provided by operations were $6.1M, marking the fifth consecutive quarter of positive operating cash flow.
- Allerium segment net sales were $55.7M; S&S segment net sales were $50.3M.
- Company announced sale of most of its Satellite and Space Communications (S&S) business for $157.5M.
- Total liquidity at quarter end was $49.4M.