While there are significant efforts in leadership changes and product innovation, the financial performance including revenue decline, decreased gross margin, and increased net loss overshadow these positives. The company's debt reduction is a positive sign, but the financial challenges indicate a tough operating environment.

Company Guidance

During Quantum Corporation's Fiscal First Quarter 2026 Financial Results Conference Call, the company provided detailed guidance and insights into their financial performance and strategic direction. Revenue for the quarter was reported at $64.3 million, a decrease from the previous year's $72.3 million, largely due to a shift in product mix. The company also reported a GAAP gross margin of 35.3%, down from 39.6% in the previous quarter, influenced by increased inventory provisions and import tariffs. Operating expenses on a GAAP basis were $35.3 million, while non-GAAP operating expenses were $30 million. The company faced a GAAP net loss of $17.2 million or $1.87 per share, with a non-GAAP net loss of $14.5 million or $1.58 per share. Adjusted EBITDA was negative $6.5 million. The company's cash and cash equivalents stood at $37.5 million, with total outstanding term debt of $104.3 million. Looking ahead, Quantum anticipates second-quarter revenue of approximately $61 million and a reduction in non-GAAP operating expenses to about $27 million. They aim for a breakeven adjusted EBITDA in the next quarter as they focus on improving sales execution and leveraging high-value assets.

Successful Debt Reduction

The company reduced its net debt position to approximately $66.8 million, representing a reduction of more than 40% from the net debt position at the end of fiscal 2025.

New Leadership Additions

Appointed Tony Craythorne as Chief Revenue Officer and Gregg Pugmire as Vice President of Americas Sales, along with new board members with significant industry experience.

Product Innovations and Launches

Launched two new DXi T-Series models with all-flash deduplication appliances, positioning the company to capture a share in the multibillion-dollar backup market.

Strong Backlog Position

Backlog at the end of the first quarter was approximately $10 million, which is at the higher end of the target run rate of $8 million to $10 million.

Quantum (QMCO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

QMCO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2026 (Q2)	-0.25 / -	-1.82	―	―	―
Sep 10, 2025	2026 (Q1)	- / -1.87	-1.8	-3.89% (-0.07)	―
Jun 30, 2025	2025 (Q4)	-1.17 / -2.21	-3.953	44.09% (+1.74)	―	―
Feb 12, 2025	2025 (Q3)	-0.72 / -0.81	-2.06	60.68% (+1.25)
Nov 13, 2024	2025 (Q2)	-1.10 / -1.82	-0.701	-159.63% (-1.12)
Aug 13, 2024	2025 (Q1)	-1.70 / -1.80	-1	-80.00% (-0.80)
Jun 17, 2024	2024 (Q4)	- / -3.95	-0.8	-394.12% (-3.15)
Feb 01, 2024	2024 (Q3)	-0.03 / -	0.02	―	―	―
Nov 01, 2023	2024 (Q2)	-0.04 / -0.04	-0.01	-350.00% (-0.03)	―	―
Aug 08, 2023	2024 (Q1)	-0.20 / -1.00	-0.8	-25.00% (-0.20)

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
Sep 10, 2025	$8.57	$7.12	-16.92%
Jun 30, 2025	$9.97	$8.97	-10.03%
Feb 12, 2025	$23.23	$19.89	-14.38%
Nov 13, 2024	$4.68	$3.19	-31.84%

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 Corporation (QMCO) report earnings?

Quantum Corporation (QMCO) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is Quantum Corporation (QMCO) earnings time?

Quantum Corporation (QMCO) earnings time is at Oct 29, 2025, 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 (Q2) is -0.25.

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