Quantum Corporation's earnings call highlighted significant progress in revenue growth, subscription model transition, and federal sector performance. Despite challenges with GAAP net loss and supply chain issues, the company's strategic initiatives for debt reduction and operational improvements present a positive outlook.

Company Guidance -

Q2 2026

During Quantum Corporation's fiscal third-quarter 2025 earnings call, the company reported $72.6 million in revenue, a GAAP gross margin of 43.8%, and an adjusted EBITDA of $4.7 million. These figures reflect a 230 basis point increase in gross margin and a $5 million improvement in EBITDA quarter-over-quarter. The company made significant strides in its subscription-based model, with subscription annual recurring revenue (ARR) increasing by 29% year-over-year to $21.3 million, with over 90% of new sales being subscription-based. Non-GAAP operating expenses were reduced by 6% year-over-year to $30.1 million. Quantum also focused on reducing outstanding debt and improving its balance sheet through a standby equity purchase agreement. Revenue from secondary storage grew by 15% year-over-year, driven by new products such as the DXi data protection appliances. The company secured several large deals, including a multimillion-dollar contract with a European retailer and significant capacity expansion with a Japanese research institute. For the fourth quarter, Quantum expects revenue of approximately $66 million and adjusted EBITDA of $1.7 million, while maintaining non-GAAP operating expenses effectively flat at $30 million.

Revenue and Margin Growth

Quantum Corporation reported Q3 fiscal 2025 revenue of $72.6 million, a 3% increase from the prior quarter and a 1% year-over-year rise. The GAAP gross margin expanded by 320 basis points to 43.8% from the year-ago quarter.

Subscription Model Transition

Quantum's subscription ARR increased 29% year-over-year to $21.3 million, with over 90% of new sales in the quarter being subscription-based.

Positive Adjusted EBITDA

The company achieved an adjusted EBITDA of $4.7 million, marking a $7.3 million improvement year-over-year and a $5 million improvement sequentially.

Debt Reduction Strategy

Quantum entered into a standby equity purchase agreement to access additional capital, aimed at reducing outstanding debt and lowering costs.

Strong Performance in Secondary Storage

Secondary storage revenue grew by 15% year-over-year, driven by the new DXi data protection appliances.

Significant Customer Wins

Quantum secured a large multimillion-dollar deal with a top European retailer and a major American multinational technology manufacturer for backup and recovery solutions.

Federal Sector Growth

Federal sector revenue is up 54% year-over-year, driven by high-margin, differentiated products.

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

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QMCO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2026 (Q2)	- / -	-1.82	―	―	―
Aug 12, 2025	2026 (Q1)	- / -	-1.8	―	―	―
Jun 30, 2025	2025 (Q4)	-1.17 / -1.16	-3.953	70.66% (+2.79)	―	―
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
Aug 12, 2025	$7.66	$7.43	-3.00%
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).

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