Filing Flows › Quantum (QMCO) › Q2 FY26
Quantum (QMCO) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 13, 2025
Quantum (QMCO) reported revenue of $62.7M for the second quarter fiscal 2026 (Q2 FY26), -13% from a year earlier and -2% from the quarter before. Operating margin was -13.0%, net loss $46.5M (74.1% of revenue).
Quantum, Q2 FY26: revenue $62.7M (-13% year over year), operating margin -13.0%, net loss $46.5M, operating cash flow −$15.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $62.7M | -2% | -13% |
| Operating profit | −$8.2M | — | — |
| Net earnings | −$46.5M | — | — |
| Operating cash flow | −$15.6M | — | — |
What changed
Revenue was $62.7M in Q2 FY26, down 13% year over year and down 2% from the previous quarter. Service was the largest line at 36% of revenue. Secondary storage systems lost $3.6M year over year (down 15%), 39% of the total change.
Gross margin was 37.6%, down 5.1 points from a year earlier. Operating costs exceeded revenue by $8.2M, an operating margin of -13.0%. Operating expenses fell 12% while revenue fell 13%. The fastest-growing cost line was Other operating costs (+734%). The quarter ended with a net loss of $46.5M, wider than the previous quarter's $17.2M loss. Net interest and other expense of $38.1M was the main reason.
Operating cash flow was −$15.6M. Non-cash charges added back $825K of depreciation and amortization and $324K of share-based compensation. Working capital and other items added $29.7M. Capital expenditures of $414K exceeded it, leaving free cash flow of −$16.0M.
Questions
What was Quantum's revenue in the second quarter fiscal 2026?
Quantum (QMCO) reported revenue of $62.7M for the second quarter fiscal 2026 (Q2 FY26), -13% from a year earlier and -2% from the quarter before.
Was Quantum profitable in the second quarter fiscal 2026?
Operating loss was $8.2M (-13.0% of revenue) and net loss $46.5M.
Source: Quantum 10-Q on SEC EDGAR.