Quantum Stock Price, News & Analysis

Quantum (Nasdaq: QMCO) announced preliminary unaudited results for the fiscal second quarter ended September 30, 2025. The company expects revenue of approximately $62.5 million, at the high end of prior guidance of $61 million ± $2 million. GAAP gross margin is expected to be approximately 37.5%. The company expects GAAP operating expenses of about $32 million and Non-GAAP adjusted operating expenses of about $25 million, which is favorable to prior guidance of $27 million ± $2 million. Quantum plans to report final fiscal Q2 2026 results by mid-November 2025.

Quantum (Nasdaq: QMCO) appointed Geoff Barrall as Chief Product Officer on October 7, 2025 to lead product strategy, innovation, and engineering focused on data management for AI-era workloads.

Barrall previously served as CPO at Index Engines and as CTO at Hitachi Vantara, where he supported $4 billion in annual revenues. He founded BlueArc (acquired by Hitachi), Drobo, and Connected Data, and holds a Ph.D. and B.S. in Cybernetics from the University of Reading.

Quantum Corporation (NASDAQ: QMCO) announced that its Scalar i7 RAPTOR tape library has won the TV Tech Best of Show Award at IBC 2025. The innovative storage solution offers up to 2,016 slots and over 60 PB of native storage within a standard 19-inch data center rack.

The RAPTOR system delivers 200% higher storage density than competitors, resulting in up to 70% lower total cost of ownership. The solution features AI-driven analytics, Active Vault, and Logical Tape Blocking for enhanced security against ransomware. This marks the system's third Best of Show recognition in 2025, following awards from TV Tech and TVBEurope at NAB.

Quantum Corporation (Nasdaq: QMCO) has announced a significant debt restructuring agreement with Dialectic Technology SPV and other lenders. The key transaction highlights include the potential exchange of $52 million in Dialectic term debt for senior secured convertible notes with a three-year maturity.

The agreement removes financial covenants from the existing term loan and allows the company to retain up to $15 million of SEPA proceeds for working capital. As part of the deal, Quantum issued Dialectic a warrant to purchase 2,653,308 shares of common stock. The transaction's closing is subject to stockholder approval of the Debt Exchange.

Quantum Corporation (Nasdaq: QMCO) announced that its Scalar i7 RAPTOR tape library has achieved Veeam Ready qualification from Veeam Software. This certification extends Quantum's Veeam Ready portfolio, which already includes Scalar i3, i6, i6000 tape libraries, DXi backup appliances, and ActiveScale object storage.

The Scalar i7 RAPTOR, recognized as the industry's highest-density tape library, offers unique features including customer-replaceable components, 80 PLUS Platinum power supply efficiency, and built-in ransomware recovery capabilities. The solution can be integrated with Quantum ActiveScale Cold Storage for enhanced S3 Glacier-compatible object storage capabilities.

Quantum Corporation (Nasdaq: QMCO) reported its fiscal Q1 2026 results, showing significant financial challenges. Revenue declined to $64.3 million, down from $72.3 million in Q1 2025. The company posted a GAAP net loss of $17.2 million, or ($1.87) per share, compared to a loss of $19.9 million in the prior year.

Under new CEO Hugues Meyrath, appointed in June, Quantum is implementing strategic changes including cost structure improvements and balance sheet strengthening. The company has raised $83 million through a standby equity purchase agreement and ended the quarter with $37.5 million in cash. For Q2 2026, Quantum projects revenue of $61 million (±$2M) and expects to reach approximately breakeven Adjusted EBITDA.

The company has strengthened its executive team with new sales and marketing hires and appointed two new board directors with relevant industry experience.

Quantum Corporation (NASDAQ: QMCO), a leader in unstructured data solutions, will release its fiscal first quarter 2026 financial results on Wednesday, September 10, 2025, after market close.

The company will host a conference call at 5:00 p.m. ET featuring CEO Hugues Meyrath and CAO Laura Nash. A webcast replay will be available on Quantum's website for 90 days, while a telephone replay can be accessed through September 17, 2025.

Quantum Corporation (Nasdaq: QMCO) has appointed Gregg Pugmire as Vice President of Americas Sales. With over 30 years of experience in technology solutions, Pugmire will lead sales strategy and execution across the U.S., Canada, and Latin America.

Pugmire's expertise spans data storage, unmanned aerial systems, and hyperconverged cloud software. He will focus on expanding customer adoption of Quantum's end-to-end data management solutions, including high-performance NVMe, all-flash and hybrid backup appliances, and tape and object storage for long-term archiving.

Quantum Corporation (Nasdaq: QMCO) has expanded its Board of Directors with the appointment of two seasoned executives: James C. Clancy and Tony J. Blevins, bringing the total board membership to seven. Clancy brings extensive experience in global data protection and cyber recovery solutions from his leadership roles at Dell Technologies and EMC Corporation, where he served as President of Global Storage Sales.

Blevins contributes over two decades of leadership experience from Apple, where he served as Vice President of Procurement, managing a 1,000+ person global team responsible for developing iconic products like the iPhone and iPad. The appointments align with Quantum's strategy to enhance its product launch, sales, and distribution approaches.