Quantum: Fiscal 1Q27 Financial Results Generating $80.8 million, up 3.5% QoQ and up 25.6% YoY This is a Press Release edited by StorageNewsletter.com on August 14, 2026 at 2:01 pm Quantum Corp., announced financial results for its fiscal first quarter of 2027 ended June 30, 2026.Fiscal First Quarter 2027 Financial Summary - Revenue was $80.8 million, exceeding the guidance range of $75.0 million, plus or minus $2.0 million - GAAP operating expenses were $26.7 million; non-GAAP adjusted operating expenses were $25.1 million, reflecting a YoY reduction of approximately $4.9 million - GAAP net loss was $155.3 million, or ($7.06) per share primarily due to one-time charges related to successful efforts to restructure its balance sheet and eliminate all debt - Non-GAAP adjusted net income was $4.0 million, or $0.18 per share - Non-GAAP adjusted EBITDA was $8.0 million “Quantum delivered another strong quarter with revenue of approximately $81 million, above the high-end of our guidance, along with better-than-expected gross margin and EBITDA results. In addition, we delivered our first non-GAAP profitable quarter since 2023,” commented Hugues Meyrath, CEO, Quantum. “Our backlog also increased to record levels, reflecting continued robust demand for our tiered storage solutions as organizations confront explosive data growth, cost pressures and increasing power constraints. With our ActiveScale object storage and modern tape architecture, we are helping customers optimize existing environments with the right data in the right place at the right cost – solving real business problems that are critical in the AI era. Although supply constraints continue to limit our ability to fully meet demand, our growing revenue and backlog is clear evidence of order strength. We have secured several multimillion-dollar deals in both APAC and the Americas, underscoring renewed momentum for our solutions globally. With the company’s debt eliminated and a strong cash position, we