Quantum reports preliminary Q2 fiscal 2026 revenue of $62.5 million

Quantum Corporation (NASDAQ: QMCO) announced preliminary unaudited financial results for its fiscal second quarter of 2026 ended September 30, 2025.

The data management solutions company reported revenue of approximately $62.5 million, which reached the high end of its guided range of $61 million, plus or minus $2 million. The company posted a GAAP gross margin of approximately 37.5%.

GAAP operating expenses totaled approximately $32 million, while non-GAAP adjusted operating expenses came in at approximately $25 million, which was favorable to the guidance range of $27 million, plus or minus $2 million.

The non-GAAP adjusted operating expenses excluded $0.5 million in stock-based compensation expense, $3.5 million in restructuring charges, and $3.0 million in non-recurring project costs from the GAAP operating expenses figure.

Quantum expects to report its complete results for the fiscal second quarter 2026 by mid-November 2025. The company noted that these preliminary results are unaudited and subject to change as it completes its financial close process and independent auditors complete their review.

The company cautioned that it may identify items requiring adjustments to the preliminary financial information, and those changes could be material. Quantum does not intend to update the financial information prior to filing its Form 10-Q with the Securities and Exchange Commission for the quarter ended September 30, 2025.

Quantum provides data management solutions for artificial intelligence and unstructured data applications, serving customers in life sciences, government, media and entertainment, research, and industrial technology sectors.

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