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Quantum shares jump after debt elimination and first profitable quarter
Quantum reported FY2027 Q1 revenue of $80.8 million, up 25.7% year over year, and said it raised fiscal Q2 2027 revenue guidance to about $82.0 million.
Quantum Corporation shares surged about 62% after the company said it eliminated $144.8 million in debt and delivered its first profitable quarter in three years, MarketBeat Ratings notes. The move followed earnings that prompted short sellers to cover, but the turnaround was tied to a balance sheet shift and operating progress at its high-density data storage platform business.
For the quarter ended June 30, 2026, Quantum reported revenue of $80.8 million, a 25.7% year-over-year gain from $64.3 million. MarketBeat Ratings adds that revenue also cleared the top end of management’s guidance, with guidance set at $75.0 million and analyst expectations near $75.05 million.
On profitability, Quantum said adjusted net income rose to $4.0 million, or 18 cents per diluted share, after prior-year results implied a loss. The outlet reports adjusted EBITDA was $8.0 million, up from negative $6.5 million in fiscal Q1 2026, while GAAP results showed a net loss of $155.29 million largely driven by one-time, non-cash accounting items related to debt extinguishment and warrant fair-value adjustments.
MarketBeat Ratings also reports that Quantum raised guidance for fiscal Q2 2027, projecting revenue around $82.0 million and adjusted EBITDA approaching $6.0 million as the company focuses on eliminating remaining debt.