What does Quantum do and what are its main business segments?

What is Quantum's latest dividend and current dividend yield?

What guidance did Quantum's management provide for the next earnings period?

What is the market's earnings forecast for Quantum next quarter?

What were the key takeaways from Quantum’s earnings call?

What factors drove the changes in Quantum's revenue and profit?

What is the revenue and EPS growth rate for Quantum year over year?

What were the key takeaways from Quantum's earnings call?

- **Revenue Recovery & Backlog Surge**: Q2 revenue $62.7M, $25M backlog (vs. $8-10M target), driven by North American restructuring and product innovation wins (Library of Congress, ActiveScale Ranged Restore). 
- **Debt Restructuring Success**: $52M debt exchange proposal reduces total debt by 50%, positioning for debt-free status with $15M standby equity for liquidity.
- **Product Leadership**: ActiveScale Cold Storage, Scalar i7 RAPTOR, and StorNext file management leading growth, with Q3 revenue guidance of $67M and non-GAAP net loss of $0.51M.
- **Supply Chain Risks**: Gross margin challenges from component shortages and SKU complexity, with plans to streamline platforms for margin improvement.

**【Management Opening Remarks】**
- Tara Ilges emphasized the company's focus on forward-looking statements and financial restructuring efforts, setting the stage for CEO and CFO updates.

**【CEO Summary Section】**
- **Revenue Growth & Restructuring**: Q2 revenue of $62.7M, with a $25M backlog (vs. historical $8-10M target), driven by North American market recovery and cost reductions from restructuring.
- **Debt Reduction**: Proposed $52M debt exchange with Dialectic, reducing total debt by 50% if approved, enhancing financial flexibility.
- **Product Milestones**: ActiveScale Cold Storage win with the Library of Congress, Scalar i7 RAPTOR's Veeam Ready status, and new Ranged Restore capabilities in ActiveScale.
- **Leadership Changes**: Addition of CPO Geoff Barrall to align product development with customer needs, improving decision-making speed and innovation focus.

**【CFO Financial Commentary】**
- **Financial Performance**: GAAP net loss of $46.5M (vs. $17.2M prior quarter), non-GAAP loss of $7.1M (vs. $14.5M prior quarter), with 37.6% gross margin (up 2.3% QoQ) and $31.7M operating expenses (down 10% YoY).
- **Future Outlook**: Q3 revenue guidance of $67M, non-GAAP net loss of $0.51M, and positive adjusted EBITDA of $1M, reflecting cost control and restructuring benefits.

**【Q&A Key Highlights】**
- **Backlog Composition**: $25M product backlog (no single customer >15%), including Library of Congress deal, with manufacturing constraints limiting Q2 shipments.
- **Product Development Priorities**: ActiveScale Cold Storage, Scalar i7 RAPTOR, and StorNext file management as key growth areas, with DXi backup appliances seeing lead conversion improvements.
- **Gross Margin Challenges**: Supply chain tightness, SKU complexity, and component cost increases impacting product margins, with plans to streamline platforms for margin improvement.


Quantum Corporation (QMCO) Q2 2026 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

QMCO

QMCO fundamentals

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