Comtech Telecommunications (CMTL)
NASDAQ:CMTL
Earnings Data
Report Date
Jun 04, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
-0.54Last Year’s EPS
-0.49Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed meaningful operational improvement and strategic repositioning: margin expansion, stronger adjusted EBITDA, sustained positive operating cash flow (four consecutive quarters), robust bookings (book-to-bill 1.64x), backlog growth and specific product/program wins (Allerium contract funding, troposcatter and modem programs). These positives are tempered by a year-over-year revenue decline (~15.7%), a significant decrease in Satellite & Space sales (~31%) due to the phasing out of legacy low-margin business and government shutdown timing impacts, and a leveraged balance sheet with substantial preferred liquidation preference. On balance the company demonstrated credible progress toward higher-margin, recurring-revenue business and improved cash generation, but capital structure and near-term revenue timing remain areas to monitor.Company Guidance
Improved Profitability and Margins
Gross profit increased to $36.2M from $33.7M year-over-year; gross margin rose to 33.9% from 26.7% (approx +7.2 percentage points). Adjusted EBITDA increased to $9.1M from $2.9M (over 200% increase). Excluding one-time and noncash items, consolidated operating income would have been $6.2M (5.8% of net sales) versus roughly breakeven a year ago.
Consistent Positive Operating Cash Flow and Liquidity
Fourth consecutive quarter of positive operating cash flow with $4.9M of operating cash inflows for the quarter versus roughly breakeven prior year. Available liquidity totaled approximately $49.9M, including ~$30.2M in qualified cash and $19.6M of revolver availability.
Strong Bookings, Backlog and Revenue Visibility
Net bookings of $175.4M produced a book-to-bill of 1.64x (vs. 0.63x prior year). Backlog increased to $732M and revenue visibility remained approximately $1.1B, signaling strong demand pipeline.
Allerium Segment Growth and Strategic Wins
Allerium net sales grew to $56.2M, up 6.2% YoY. Segment operating income improved to $5.5M from $3.4M. Received over $107M of incremental funding toward a multiyear contract extension valued in excess of $130M and in excess of $10.5M in multiyear funding for a new NG911 deployment. Progress on cloud and AI-infused products (Mira call handling platform) and migration of PSAP customers toward recurring cloud services.
Satellite & Space Repositioning and Tactical Wins
Although S&S net sales declined, operating income improved to $2.5M from $1.2M due to cost reductions and optimization. Awarded >$5.5M of funded orders for troposcatter/MPRs and >$4.5M incremental funding for cybersecurity training/support. Begun deliveries of DCG-7000 software-defined modems and initial production units for next-generation satellite modem programs with production expected in fiscal 2026 — signaling a shift toward higher-margin, higher-volume production.
Improved Financial Flexibility and Covenant Relief
Amendments to credit agreements suspended covenant testing (net leverage and fixed charge coverage) through the quarter ending Jan 31, 2027, and the company removed its going concern disclosure in the fiscal 2025 Form 10-K, reflecting improved financial stability.
CMTL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CMTL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 16, 2026 | $4.85 | $3.66 | -24.54% |
Sep 24, 2025 | $2.34 | $2.36 | +0.85% |
Jun 09, 2025 | $2.54 | $2.08 | -18.11% |
Mar 12, 2025 | $2.13 | $1.89 | -11.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Comtech Telecommunications (CMTL) report earnings?
Comtech Telecommunications (CMTL) is schdueled to report earning on Jun 04, 2026, After Close (Confirmed).
What is Comtech Telecommunications (CMTL) earnings time?
Comtech Telecommunications (CMTL) earnings time is at Jun 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMTL EPS forecast?
CMTL EPS forecast for the fiscal quarter 2026 (Q3) is -0.54.