Education
About Us
Working with TipRanks
Follow Us
Quantum Corp (QMCO)
NASDAQ:QMCO
Earnings Data
Report Date
Jun 10, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
-0.38Last Year’s EPS
-1.78Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of improving operational and financial trends alongside material near-term risks. Positives include a revenue beat (Q3 $74.6M, +19% sequential), a marked improvement in adjusted EBITDA to a positive $2.9M, doubling of tape sales, a backlog above $20M, realized cost savings from restructuring, and a successful debt exchange that reduced term debt. Offsetting these gains are significant industry-wide supply chain disruptions and price volatility that threaten fulfillment and margins, a sizable GAAP net loss driven partly by one-time debt extinguishment charges, low cash (~$13.8M) and elevated net debt (~$116.7M), and expected GAAP volatility from convertible-note fair value adjustments. Management’s tone is constructive and cautious: demand and sales execution appear strong, but near-term liquidity, leverage and supply constraints pose meaningful execution risks.Company Guidance
Revenue Growth and Beat
Q3 revenue $74.6M, up from $62.7M in prior quarter (+19.0% sequential) and up from $68.7M year-ago (+8.6% YoY). Revenue exceeded the high end of the company’s forecasted range.
Backlog Strength
Q3 backlog >$20M, well above historical run rate of $8M–10M (roughly 2x+ historical), and management expects backlog to remain meaningfully elevated into Q4.
Tape Sales Surge
Tape sales doubled quarter-over-quarter (+100%), driven by customers shifting to tape for cost, power efficiency, durability and long-term data retention; cited a 7-figure deal for an initial 100PB (scaling to 400PB).
Improving Profitability Metrics (Non-GAAP)
Adjusted EBITDA turned positive to $2.9M in Q3 from $0.5M in Q2 and $0.8M prior-year quarter. Non-GAAP net loss improved to $4.9M ($0.36/share) from $7.1M ($0.54) in prior quarter (−31% sequential improvement).
Sequential Gross Margin Improvement
GAAP gross margin improved to 38.8% in Q3 from 37.6% in Q2 (+1.2 percentage points sequential), reflecting early operating efficiencies from restructuring.
Operating Expense Reduction (Year-over-Year)
GAAP operating expenses $30.1M in Q3 vs $35.6M year-ago, and non-GAAP operating expenses $26.9M vs $30.1M year-ago, reflecting realized savings from restructuring.
Term Debt Reduction via Exchange
Completed strategic debt exchange converting ~$54.7M of term debt to senior secured convertible notes, reducing outstanding term debt by ~50% to historically low levels and materially reshaping the debt profile.
Go-to-Market and Sales Execution Progress
North America sales realignment to mirror successful EMEA approach, stronger lead generation and channel engagement, resulting in larger, multiproduct opportunities and multiple million-dollar purchase orders early in Q4.
QMCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
QMCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $6.54 | $6.20 | -5.20% |
Nov 13, 2025 | $7.03 | $7.87 | +11.95% |
Sep 10, 2025 | $8.57 | $7.12 | -16.92% |
Jun 30, 2025 | $9.97 | $8.97 | -10.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Quantum Corp (QMCO) report earnings?
Quantum Corp (QMCO) is schdueled to report earning on Jun 10, 2026, After Close (Confirmed).
What is Quantum Corp (QMCO) earnings time?
Quantum Corp (QMCO) earnings time is at Jun 10, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QMCO EPS forecast?
QMCO EPS forecast for the fiscal quarter 2026 (Q4) is -0.38.