QUANTUM CORP /DE/ 8K

Quantum Corporation announced stronger-than-expected Q1 FY2027 results, achieving its first non-GAAP profit since 2023 and eliminating all outstanding debt through one-time balance sheet restructuring charges, while providing positive Q2 FY2027 guidance.

On August 10, 2026, Quantum Corporation reported its fiscal first quarter 2027 results for the period ended June 30, 2026, highlighting revenue of $80.8 million that exceeded guidance, improved gross margins, materially reduced operating expenses, and its first non-GAAP profitable quarter since 2023, while also recording a large GAAP net loss of $155.3 million driven by one-time charges associated with transactions that eliminated all of the company’s outstanding debt and convertible notes; management emphasized record backlog, continued supply constraints, stronger cash of $54.6 million, zero total debt as of June 30, 2026, and provided guidance for fiscal second quarter 2027 including expected revenue of approximately $82 million, non-GAAP adjusted operating expenses of about $27 million, and positive non-GAAP adjusted net income and EBITDA.

Filing Facts

CIK

709283

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-055272

Alert Tier

7