Filing Flows › Quantum (QMCO) › Q1 FY27
Quantum (QMCO) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 11, 2026
Quantum (QMCO) reported revenue of $80.8M for the first quarter fiscal 2027 (Q1 FY27), +26% from a year earlier and +4% from the quarter before. Operating margin was 6.2%, net loss $155M (192.2% of revenue).
Quantum, Q1 FY27: revenue $80.8M (+26% year over year), operating margin 6.2%, net loss $155M, operating cash flow $947K. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $80.8M | +4% | +26% |
| Operating profit | $5.0M | — | — |
| Net earnings | −$155M | — | — |
| Operating cash flow | $947K | — | — |
| Free cash flow | $552K | — | — |
What changed
Revenue was $80.8M in Q1 FY27, up 26% year over year and up 4% from the previous quarter. Secondary storage systems was the largest line at 46% of revenue. Secondary storage systems added $18.5M year over year (up 100%), 112% of the total change. Primary storage systems declined 32%.
Gross margin was 39.3%, up 3.9 points from Q1 FY26. Operating profit was $5.0M, a 6.2% margin (up 25.8 points year over year). Operating expenses fell 24% while revenue rose 26%. The quarter ended with a net loss of $155.3M, wider than the previous quarter's $9.5M loss. Net interest and other expense of $159.6M was the main reason.
Operating cash flow was $947K. Non-cash charges added back $1.2M of depreciation and amortization and $748K of share-based compensation. Working capital and other items added $154.3M. Capital expenditures of $395K left free cash flow of $552K.
Questions
What was Quantum's revenue in the first quarter fiscal 2027?
Quantum (QMCO) reported revenue of $80.8M for the first quarter fiscal 2027 (Q1 FY27), +26% from a year earlier and +4% from the quarter before.
Was Quantum profitable in the first quarter fiscal 2027?
Operating profit was $5.0M (6.2% of revenue) and net loss $155M.
Source: Quantum 10-Q on SEC EDGAR.