Quantum Corporation: Beat — EPS $0.25, Revenue $89.63M
Earnings BeatQ2 2027 · After-market
Did Quantum Corporation (QMCO) beat earnings today?
Yes, Quantum Corporation (QMCO) beat Wall Street analyst expectations for Q2 2027, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+92.31% surprise
$0.25Actual
Expected: $0.13
vs. year ago +146.3%
Total Revenue+8.90% surprise
$89.63MActual
Expected: $82.3M
vs. year ago +42.9%
Released Nov 09 · 4:05 PM ET
Earning Report
| Metric | Q2 FY27 | Q2 FY26 | YoY Change % |
|---|---|---|---|
| Revenue | $89.63M | $62.72M | +42.9% |
| Revenue detail — reported lines | |||
| └─Product | $62.58M | $35.37M | +77.0% |
| └─Service and subscription | $25.01M | $25.62M | -2.4% |
| └─Royalty | $2.03M | $1.73M | +17.5% |
| GAAP Basic EPS | $(1.14) | $(3.49) | - |
| GAAP Diluted EPS | $(1.14) | $(3.49) | - |
| Non-GAAP Adjusted Basic EPS | $0.25 | $(0.54) | - |
| Non-GAAP Adjusted Diluted EPS | $0.25 | $(0.54) | - |
| Net Loss | $(44.850M) | $(46.456M) | - |
Financial Outlook / Guidance
| Metric | Q3 FY27 Outlook |
|---|---|
| Guidance | |
| Revenue | $91.0M ±$2M |
| Non-GAAP Adjusted Operating Expenses | $28M ±$1M |
| Non-GAAP Adjusted Basic EPS | $0.20 ±$0.10 |
| Non-GAAP Adjusted EBITDA | $9.1M ±$1M |
| Average Basic Share Count | ~39.5M |
Q3 FY27 Outlook
- Revenue
- Guidance$91.0M ±$2M
- Non-GAAP Adjusted Operating Expenses
- Guidance$28M ±$1M
- Non-GAAP Adjusted Basic EPS
- Guidance$0.20 ±$0.10
- Non-GAAP Adjusted EBITDA
- Guidance$9.1M ±$1M
- Average Basic Share Count
- Guidance~39.5M
Business Highlights
- ➤Secured a major hyperscale deployment of Scalar i7 Raptor after a multi-year evaluation.
- ➤Closed the largest ActiveScale Cold Storage order in company history.
- ➤Nearly doubled core transactions above $500,000.
- ➤Hyperscale tape demand increased more than 2.6 times year-over-year.
- ➤Improved disk-drive availability enabled fulfillment of previously delayed orders.
- ➤Introduced Quantum Autonomous Data Management (ADM).
- ➤ADM integrates with ActiveScale and Quantum’s tape portfolio.
- ➤ADM helps optimize data placement by value, risk, and cost.
- ➤Expanded opportunities span hyperscale, enterprise, government, and critical-infrastructure customers.
Management Commentary
Hugues Meyrath, Chief Executive Officer of Quantum
“This quarter marked our fourth consecutive quarter of sequential revenue growth and our second quarter of non-GAAP profitability. These results underscore the meaningful progress we have made over the past year in strengthening execution, improving our financial position, and positioning Quantum for sustainable growth. Revenue grew 42.9% year-over-year and 11% sequentially to more than $89.6 million, driven by strong demand across our secondary storage portfolio. We ended the quarter with a record backlog of nearly $100 million, and we also secured one of the most significant purchase orders in the Company’s history — a major hyperscale deployment of our Scalar i7 Raptor following a multi-year evaluation in which reliability, density, and infrastructure efficiency were key differentiators. Additionally, we closed the largest ActiveScale Cold Storage order in company history, nearly doubling the number of core transactions above $500,000.”
Hugues Meyrath, Chief Executive Officer of Quantum
“Tape remained our most consistent growth driver with hyperscale demand increasing more than 2.6 times year-over-year as customers recognize tape’s strategic role in addressing AI-driven infrastructure strain. Although supply constraints continue to affect shipment timing in certain areas, our ability to secure disk drives has improved, enabling us to fulfill previously delayed orders as demand remains ahead of available supply. With the recent introduction of Quantum Autonomous Data Management (ADM), which combines intelligence with action and is tightly integrated with ActiveScale and our tape portfolio, we are helping customers optimize data placement based on value, risk, and cost. Combined with expanding opportunities across hyperscale, enterprise, government, and critical-infrastructure customers, we are well positioned to capitalize on accelerating data growth driven by AI, analytics, compliance, and cyber-resilience requirements.”