Comtech Telecommunications Revenue Falls 10% to $217.8M in H1 FY2026

Comtech Telecommunications Corp., a provider of satellite and wireless communications equipment, reported revenue of $217.8 million for the six months ending January 31, 2026, a decline of 10% from $242.4 million in the same period a year earlier. Read more earnings reports.

The company posted a net loss of $29.5 million for the half-year period, compared to a net loss of $197.1 million in the prior-year period. For the three months ending January 31, 2026, revenue totaled $106.8 million, down 16% from $126.6 million in the same quarter last year. The quarterly net loss narrowed to $13.6 million from $48.7 million a year earlier.

Operating losses for the six-month period totaled $4.0 million, a significant improvement from the $139.4 million operating loss reported in the first half of fiscal 2025. Gross profit for the half-year period reached $73.0 million, up 51% from $48.3 million in the prior-year period, as cost of revenue declined to $144.8 million from $194.1 million.

Operating expenses for the six months totaled $77.0 million, down 59% from $187.7 million in the prior-year period. Selling, general and administrative expenses fell to $57.6 million from $85.5 million, while research and development expenses rose to $8.2 million from $8.1 million.

Cash and cash equivalents stood at $32.8 million as of January 31, 2026, down from $40.0 million as of July 31, 2025. Total assets declined to $703.8 million from $740.8 million over the same period. Long-term debt totaled $111.7 million as of January 31, 2026, compared to $118.5 million six months earlier.

The company generated $12.9 million in cash from operations for the six-month period, a reversal from negative $22.0 million in cash used in operations during the prior-year period. Cash used in investing activities totaled $7.7 million, while cash used in financing activities amounted to $12.5 million.

Stockholders' equity declined to $65.6 million as of January 31, 2026, from $104.4 million as of July 31, 2025. The company reported 29.7 million shares outstanding as of the period end.

Financial Summary