Quantum Corporation reports developments in data management systems and software for unstructured data used in AI, media, government, research, life sciences, and industrial technology workflows. Its news commonly covers high-performance ingest, object storage, cold storage, tape libraries, data lakes, media asset management, and workflow orchestration across products such as ActiveScale, CatDV, Scalar, and StorNext.
Company updates also address customer deployments, technology integrations, partner certifications, archive and cyber-resilience use cases, quarterly financial results, operating efficiency initiatives, investor conference participation, and executive or finance organization changes.
Quantum (QMCO) reported fiscal second-quarter 2027 revenue of $89.6 million, increasing 42.9% year over year for the period ended September 30, 2026. Gross margin reached 41.0%, up 340 basis points year over year. GAAP net loss narrowed to $44.8 million, or $1.14 per share, including a $51.6 million non-cash warrant valuation charge. Adjusted net income was $9.8 million, versus a $7.1 million loss a year earlier.
Cash, cash equivalents and restricted cash totaled $67.5 million, versus $16.2 million at March 31, 2026, with no outstanding debt. Backlog reached nearly $100 million, although supply constraints continued to affect shipment timing. For fiscal third-quarter 2027, Quantum expects revenue of $91.0 million, plus or minus $2 million, and adjusted basic earnings of $0.20 per share, plus or minus $0.10. Adjusted EBITDA guidance is $9.1 million, plus or minus $1 million.
Quantum (Nasdaq: QMCO) will participate in the Cantor Convergence Conference in Miami, with investor meetings on November 11 and 12, 2026. President and Chief Executive Officer Hugues Meyrath will attend the event at the Ritz-Carlton South Beach. Management will be available for scheduled meetings with participating investors.
Quantum (Nasdaq: QMCO) will release its fiscal second quarter 2027 financial results after market close on November 9, 2026.
CEO Hugues Meyrath and Chief Accounting Officer Hiral Patel will host a conference call at 5:00 p.m. Eastern Time to discuss financial results and the business outlook. A webcast replay will be available on the company’s website for at least 90 days.
Quantum (QMCO) appointed James C. Clancy chief operating officer to guide execution of its operational and strategic objectives.
Clancy voluntarily resigned from Quantum’s board and its committees upon accepting the role. Quantum expects his appointment to strengthen organizational performance, support revenue growth and customer success, and advance its ongoing transformation initiatives. Clancy had served on the board for about a year.
Quantum (QMCO) appointed Mike Heuer as Chief Information Officer, effective immediately, to lead its global information technology organization.
Heuer will oversee enterprise applications, data, AI adoption, infrastructure, and cybersecurity. He brings more than 30 years of technology leadership experience, including CIO roles at Legence, a Blackstone portfolio company, and senior IT leadership at Blackhawk Network, Peet's Coffee, Blue Shield of California, and Applied Materials. Quantum’s CEO said Heuer’s background in scaling IT and enhancing customer experience supports the company’s long-term strategic priorities.
As an inducement to join Quantum, Heuer is to receive 50,000 restricted stock units, vesting in three equal annual installments under the 2021 Inducement Plan, subject to his continued employment and expected to be effective on or around October 1, 2026.
Quantum (QMCO) launched its new Autonomous Data Management (ADM) solution to help organizations lower storage costs, reduce risk, and improve data availability across traditional workloads and AI initiatives.
The software analyzes data across the enterprise to identify inactive, duplicated, outdated, orphaned, and risk‑sensitive information, guiding decisions on what to keep on primary storage, archive, delete, or further protect. Once configured, ADM runs continuously in the background, applying policy‑driven automation to optimize data placement by business, compliance, security, and retention needs. Quantum positions ADM as a way to reclaim primary storage capacity, cut backup and infrastructure expenses, strengthen cyber resilience, and better prepare data for AI and analytics.
Quantum (Nasdaq: QMCO) has appointed Hiral A. Patel as Chief Accounting Officer and principal accounting officer, effective immediately. She will oversee Quantum’s global accounting organization, including financial reporting, revenue recognition, internal controls, and tax-related functions.
Patel brings more than two decades of public-company accounting experience, with prior senior roles at Pep Boys, IKEA Retail, Verifone Systems, and Ernst & Young. As an inducement to join, Quantum’s Leadership and Compensation Committee approved a grant of 50,000 restricted stock units, vesting in three equal annual installments, expected to be effective on or around October 1, 2026 under Quantum’s 2021 Inducement Plan.
Quantum (Nasdaq: QMCO) announced that CEO Hugues Meyrath and CFO William White will participate in the Lake Street 10th Annual Best Ideas Growth Conference at the Metropolitan Club in New York, NY. The event is scheduled for Thursday, September 10, 2026, with Quantum management available for meetings with registered attendees via Lake Street Capital Markets.
Quantum (Nasdaq: QMCO) reported fiscal Q1 2027 revenue of $80.8 million, up 26% year over year and above guidance of $75 million ±$2 million. GAAP gross margin improved to 39.3% from 35.3%, while GAAP operating expenses fell to $26.7 million from $35.3 million.
GAAP net loss widened to $155.3 million (–$7.06 per share) due to one-time charges tied to extinguishing debt and convertible notes, including $129.7 million from convertible note fair value, $16.3 million from warrant revaluation, and $11.7 million loss on debt extinguishment. Excluding these and other adjustments, non-GAAP adjusted net income was $4.0 million ($0.18 per share) and non-GAAP adjusted EBITDA was $8.0 million, marking the first non-GAAP profitable quarter since 2023.
Cash, cash equivalents and restricted cash rose to $54.6 million, total interest expense declined to $2.1 million, and total outstanding debt was reduced to zero from $104.3 million a year earlier. For fiscal Q2 2027, Quantum guides to revenue of $82 million ±$2 million, non-GAAP adjusted operating expenses of $27 million ±$1 million, non-GAAP adjusted basic EPS of $0.12 ±$0.10, and non-GAAP adjusted EBITDA of $6 million ±$1 million.
Quantum (Nasdaq: QMCO) will release its fiscal first quarter 2027 financial results on Monday, August 10, 2026, after market close. CEO Hugues Meyrath and CFO William White will host a conference call at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to review results and discuss the business outlook. The event will be accessible by phone, international dial-in, and webcast, with replays available by telephone through August 17, 2026 and via webcast on the company’s website for at least 90 days.