Filing Flows › Quantum (QMCO) › Q1 FY26
Quantum (QMCO) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Sep 11, 2025
Quantum (QMCO) reported revenue of $64.3M for the first quarter fiscal 2026 (Q1 FY26), -11% from a year earlier and +5% from the quarter before. Operating margin was -19.6%, net loss $17.2M (26.8% of revenue).
Quantum, Q1 FY26: revenue $64.3M (-11% year over year), operating margin -19.6%, net loss $17.2M, operating cash flow −$16.9M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $64.3M | +5% | -11% |
| Operating profit | −$12.6M | — | — |
| Net earnings | −$17.2M | — | — |
| Operating cash flow | −$16.9M | — | — |
What changed
Revenue was $64.3M in Q1 FY26, down 11% year over year and up 5% from the previous quarter. Service revenue was the largest line at 33% of revenue. Primary storage systems lost $5.1M year over year (down 29%), 63% of the total change.
Gross margin was 35.3%, down 2.1 points from a year earlier. Operating costs exceeded revenue by $12.6M, an operating margin of -19.6%. Operating expenses fell 19% while revenue fell 11%. The fastest-growing cost line was Other operating costs (+103%). The quarter ended with a net loss of $17.2M, wider than the previous quarter's $7.7M loss.
Operating cash flow was −$16.9M. Non-cash charges added back $1.0M of depreciation and amortization. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$18.1M.
Questions
What was Quantum's revenue in the first quarter fiscal 2026?
Quantum (QMCO) reported revenue of $64.3M for the first quarter fiscal 2026 (Q1 FY26), -11% from a year earlier and +5% from the quarter before.
Was Quantum profitable in the first quarter fiscal 2026?
Operating loss was $12.6M (-19.6% of revenue) and net loss $17.2M.
Source: Quantum 10-Q on SEC EDGAR.