Overview
Data management firm's fiscal Q3 revenue rose
Non-GAAP adjusted EBITDA for Q3 exceeded company's forecasted range
Outlook
Quantum expects fiscal Q4 2026 revenue of $68 mln, plus or minus $2 mln
Company anticipates non-GAAP adjusted EBITDA at breakeven, plus or minus $2 mln
Quantum forecasts non-GAAP adjusted net loss per share of ($0.33), plus or minus $0.10
Result Drivers
SHIPMENTS AND DEFERRED REVENUE - Higher than expected revenue was primarily driven by strong shipments into quarter-end and conservative assumptions related to deferred revenue contracts
RESTRUCTURING AND SALES INITIATIVES - CEO Hugues Meyrath attributed revenue and EBITDA exceeding forecasts to benefits from a revitalized sales organization and restructuring initiatives
AI-READY INFRASTRUCTURE - Efforts to address market demand for AI-ready infrastructure led to increases in pipeline and backlog
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $74.59 mln | $69.97 mln (2 Analysts) |
Q3 Net Income | -$27.84 mln | ||
Q3 Gross Profit | $28.93 mln | ||
Q3 Income from Operations | -$1.19 mln | ||
Q3 Pretax Profit | -$27.25 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the computer hardware peer group is "buy"
Wall Street's median 12-month price target for Quantum Corp is $11.00, about 90.3% above its February 13 closing price of $5.78
Press Release: ID:nBw8KqVBSa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)