Quantum Corporation (QMCO) Q4 2026 earnings summary

Executive summary

• Fiscal Q4 2026 revenue reached $78 million, up 5% sequentially and 27% year-over-year, exceeding guidance by $10 million, driven by strong enterprise demand and AI-related workloads.

• Adjusted EBITDA reached $1.0 million, a turnaround from negative $3.9 million in Q4 2025.

• Non-GAAP net loss improved to $3.1 million from $12.1 million year-over-year.

• Strategic actions eliminated all outstanding debt, strengthened liquidity, and improved cost structure.

• The company is positioned for continued growth in fiscal 2027, focusing on revenue growth, margin recovery, and operational efficiency.

Financial highlights

• Q4 revenue: $78 million (+5% QoQ, +27% YoY); exceeded guidance midpoint by $10 million.

• GAAP gross margin: 35.7% (down from 38.8% prior quarter and 39.6% YoY), impacted by component price increases and backlog fulfillment at lower margins.

• GAAP net loss: $9.5 million ($0.66/share), improved from $27.8 million loss in prior quarter and $7.7 million YoY.

• Non-GAAP net loss: $3.1 million ($0.21/share), improved from $4.9 million loss prior quarter and $12.1 million YoY.

• Adjusted EBITDA: $1 million, up $4.9 million YoY.

Outlook and guidance

• Q1 FY27 revenue guidance: $75 million ± $2 million, representing ~17% YoY growth and better than typical seasonality.

• Q1 non-GAAP operating expenses expected at $27 million ± $1 million; adjusted net loss per share anticipated at -$0.15 ± $0.10.

• Adjusted EBITDA for Q1 FY27 expected at $1.5 million ± $1 million.

• Company expects improved backlog conversion in the second half of FY27 as supply constraints ease.