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Quantum Reports Fiscal Second Quarter 2027 Financial Results

QMCO
  • Quantum Corporation reported fiscal second quarter 2027 revenue of $89.6 million, a 42.9% increase year-over-year & an 11% sequential increase.
  • Gross margin expanded to 41.0%, representing a 170 basis point sequential increase & a 340 basis point year-over-year increase.
  • GAAP operating expenses were $29.9 million, while non-GAAP adjusted operating expenses were $26.9 million.
  • GAAP net loss was $44.8 million, or $1.14 per share, primarily due to a $51.6 million non-cash charge from warrant liability fair value changes.
  • Non-GAAP adjusted net income was $9.8 million, or $0.25 per share, marking the second consecutive quarter of non-GAAP profitability.
  • Non-GAAP adjusted EBITDA reached $11.1 million, compared to $0.5 million in the prior year quarter.
  • The company ended the quarter with a record order backlog of nearly $100 million, including a major hyperscale Scalar i7 Raptor deployment & its largest ActiveScale Cold Storage order.
  • Tape demand increased more than 2.6 times year-over-year, driven by hyperscale customers addressing AI infrastructure strain.
  • Cash, cash equivalents & restricted cash totaled $67.5 million as of September 30, 2026, with no outstanding debt at quarter-end.
  • Fiscal third quarter 2027 guidance forecasts revenue of $91.0 million ($89 million to $93 million) & non-GAAP adjusted net income per share of $0.20 ($0.10 to $0.30).
  • Management highlighted the recent introduction of Quantum Autonomous Data Management (ADM) to optimize data placement based on value, risk, & cost.
  • The company issued 24.9 million new shares through a private placement, raising approximately $94.3 million in net proceeds during the quarter.