Filing Flows › Quantum (QMCO) › Q3 FY26
Quantum (QMCO) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Feb 17, 2026
Quantum (QMCO) reported revenue of $74.6M for the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier and +19% from the quarter before. Operating margin was -1.6%, net loss $27.8M (37.3% of revenue).
Quantum, Q3 FY26: revenue $74.6M (+9% year over year), operating margin -1.6%, net loss $27.8M, operating cash flow −$4.9M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $74.6M | +19% | +9% |
| Operating profit | −$1.2M | — | — |
| Net earnings | −$27.8M | — | — |
| Operating cash flow | −$4.9M | — | — |
What changed
Revenue was $74.6M in Q3 FY26, up 9% year over year and up 19% from the previous quarter. Service and subscription was the largest line at 36% of revenue. Device and media added $2.5M year over year (up 32%), 42% of the total change. Royalty declined 31%.
Gross margin was 38.8%, down 1.8 points from Q3 FY25. Operating costs exceeded revenue by $1.2M, an operating margin of -1.6%. Operating expenses fell 15% while revenue rose 9%. The fastest-growing cost line was Other operating costs (+14%). The quarter ended with a net loss of $27.8M, narrower than the previous quarter's $46.5M loss. Net interest and other expense of $26.1M was the main reason.
Operating cash flow was −$4.9M. Non-cash charges added back $799K of depreciation and amortization. Working capital and other items added $22.1M. Capital expenditures of −$681K exceeded it, leaving free cash flow of −$4.3M.
Questions
What was Quantum's revenue in the third quarter fiscal 2026?
Quantum (QMCO) reported revenue of $74.6M for the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier and +19% from the quarter before.
Was Quantum profitable in the third quarter fiscal 2026?
Operating loss was $1.2M (-1.6% of revenue) and net loss $27.8M.
Source: Quantum 10-Q on SEC EDGAR.