Earnings Releases·Nov 9, 2026, 4:12 PM ET

Quantum Corporation — Fiscal Second Quarter 2027 Earnings Summary

Revenue surged 42.9% year-over-year to $89.6 million with GAAP gross margin expanding 340 basis points to 41.0%; Non-GAAP adjusted net income turned positive at $9.8 million ($0.25/share) versus a $7.1 million loss in the prior year.
Balance sheet strengthened significantly with cash reserves rising to $67.5 million and outstanding debt eliminated, while deferred revenue grew to $117.5 million and a record backlog of nearly $100 million was achieved.
Fiscal Q3 2027 guidance sets revenue at $91.0 million ($89.0–$93.0 million) and Non-GAAP adjusted EBITDA at $9.1 million ($8.1–$10.1 million), assuming a 3% effective tax rate.
Strategic growth driven by hyperscale tape demand (up 2.6x YoY) and major wins including a Scalar i7 Raptor deployment and the company's largest ActiveScale order; new Quantum Autonomous Data Management (ADM) platform launched.
GAAP results included a $51.6 million non-cash charge for warrant liability fair value changes; management noted supply constraints persist despite improved disk drive availability.