Overview

* Quantum fiscal Q1 2026 revenue falls to $64.3 mln, missing analyst expectation, per LSEG data

* GAAP net loss narrows to $17.2 mln from $19.9 mln yr ago

* Non-GAAP adjusted net loss widens to $14.5 mln from $7.6 mln in prior yr

Outlook

* Quantum expects Q2 2026 revenue of $61 mln, plus or minus $2 mln

* Company projects Q2 2026 non-GAAP adjusted operating expenses of $27 mln

* Quantum anticipates Q2 2026 non-GAAP adjusted net loss per share of $0.26, plus or minus $0.10

* Company expects Q2 2026 adjusted EBITDA to be approximately breakeven

Result Drivers

* COST STRUCTURE IMPROVEMENTS - Co implemented actions aimed at improving cost structure and balance sheet, per CEO Hugues Meyrath

* DEBT REDUCTION - Raised $83 mln in net proceeds from standby equity purchase agreement to prioritize debt reduction

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Miss $64.29 $73.70

Revenue mln mln (1

Analyst)

Q1 Net -$17.21

Income mln

Q1 Gross $22.71

Profit mln

Q1 -$12.60

Income mln

from

Operatio

ns

Q1 $35.31

Operatin mln

g

Expenses

Q1 -$16.98

Pretax mln

Profit

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 $19.00, about 57.9% above its September 9 closing price of $7.99

Press Release:

(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.)