Earnings ·
Quantum Corporation reported fiscal first quarter 2027 results ending June 30, 2026
QMCOQuantum Corp
Quantum Corporation reported fiscal first quarter 2027 results ending June 30, 2026. Revenue reached $80.8 million, beating guidance of $75.0–$79.0 million and rising 26% year-over-year from $64.3 million. The company achieved its first non-GAAP profitable quarter since 2023, with adjusted net income of $4.0 million ($0.18 per share) and adjusted EBITDA of $8.0 million. GAAP net loss was $155.3 million due to one-time charges totaling approximately $157.7 million related to debt restructuring, including extinguishment of convertible notes and warrants. Total outstanding debt is now zero, with cash and equivalents at $54.6 million. Management provided Q2 2027 revenue guidance of $82.0 million plus or minus $2 million. Quantum Corporation operates in the data storage industry, providing end-to-end data management solutions for AI-era workloads.