Quantum Corporation — Fiscal Second Quarter 2027 Earnings Summary

Quantum Corporation reported fiscal second quarter 2027 revenue of $89.6 million, representing a 42.9% increase year-over-year and an 11% sequential rise. The company achieved a GAAP gross margin of 41.0% and recorded a GAAP net loss of $44.8 million, which included a $51.6 million non-cash charge related to warrant liabilities. Excluding these non-cash items and other special costs, the company reported a non-GAAP adjusted net income of $9.8 million, or $0.25 per share, marking its second consecutive quarter of non-GAAP profitability. Management highlighted a record order backlog of nearly $100 million and strong demand for tape storage solutions driven by AI infrastructure needs.