Filing Flows › Quantum (QMCO) › Q2 FY27
Quantum (QMCO) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 9, 2026
Quantum (QMCO) reported revenue of $89.6M for the second quarter fiscal 2027 (Q2 FY27), +43% from a year earlier and +11% from the quarter before. Operating margin was 7.6%, net loss $44.9M (50.0% of revenue).
Quantum, Q2 FY27: revenue $89.6M (+43% year over year), operating margin 7.6%, net loss $44.9M, operating cash flow $13.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $89.6M | +11% | +43% |
| Operating profit | $6.8M | +35% | — |
| Net earnings | −$44.9M | — | — |
| Operating cash flow | $13.4M | 14× | — |
| Free cash flow | $13.1M | 24× | — |
What changed
Revenue was $89.6M in Q2 FY27, up 43% year over year and up 11% from the previous quarter. Secondary storage systems was the largest line at 50% of revenue. Secondary storage systems added $25.0M year over year (up 126%), 93% of the total change. Primary storage systems declined 27%.
Gross margin was 41.0%, up 3.4 points from Q2 FY26. Operating profit was $6.8M, a 7.6% margin (up 20.6 points year over year). Operating expenses fell 6% while revenue rose 43%. The fastest-growing cost line was Research & development (+12%). The quarter ended with a net loss of $44.9M, narrower than the previous quarter's $155.3M loss. Net interest and other expense of $51.5M was the main reason.
Operating cash flow was $13.4M. Non-cash charges added back $1.1M of depreciation and amortization and $835K of share-based compensation. Working capital and other items added $56.2M. Capital expenditures of $248K left free cash flow of $13.1M.
Questions
What was Quantum's revenue in the second quarter fiscal 2027?
Quantum (QMCO) reported revenue of $89.6M for the second quarter fiscal 2027 (Q2 FY27), +43% from a year earlier and +11% from the quarter before.
Was Quantum profitable in the second quarter fiscal 2027?
Operating profit was $6.8M (7.6% of revenue) and net loss $44.9M.
Source: Quantum 10-Q on SEC EDGAR.