Overview

* Quantum fiscal Q2 2026 prelim revenue at high end of guidance, $62.5 mln

* Non-GAAP adjusted operating expenses favorable to guidance at $25 mln

* GAAP gross margin expected at 37.5% for fiscal Q2 2026

Outlook

* Company did not provide specific future guidance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $32 mln

Operatin

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the computer hardware peer group is "buy."

* Wall Street's median 12-month price target for Quantum Corp ( QMCO ) is $11.50, about 11.8% above its October 27 closing price of $10.14

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)