COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) Form 8-K — Oct 14, 2026
Comtech reported fiscal 2026 results showing a turnaround in progress: Adjusted EBITDA from continuing operations rose 26% to $20.6 million as gross margin expanded to 38.9%, and the company generated positive operating cash flow for a sixth consecutive quarter, lifting consolidated liquidity to $61.3 million while reducing senior debt. Net sales fell 17% to $249.6 million, largely due to the wind-down of low-margin legacy VSAT/GFSR contracts, and the company still posted a $51.0 million net loss from continuing operations, weighed down by $32.8 million of preferred dividends.
Key figures
- Revenue
- 249613000
- Guidance
- No formal guidance; pro forma Adjusted EBITDA estimated at $37.0-$39.0 million for fiscal 2026; annual cost savings of $16.0-$18.0 million expected after transition
- Total Assets
- 695762000
- Cash Position
- 34978000
- Deal Value Usd
- 157500000
- Q4 net sales
- 66232000
- Funded backlog
- 520400000
- Advance payment
- 10000000
- Q4 book to bill
- 0.48
- Transition costs
- 13.0-15.0 million
- Fy26 book to bill
- 1.06
- Fy26 net bookings
- 263700000
- Revenue visibility
- 862000000
- Adjusted ebitda fy26
- 20627000
- Consolidated liquidity
- 61300000
- Operating cash flow fy26
- 24985000
- Preferred redemption value
- 223156000
- Expected net proceeds at closing
- 128300000
- Consolidated operating cash flow fy26
- 37410000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.