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How Quantum (QMCO) makes money

Quantum (QMCO) made $80.8M of revenue in the first quarter fiscal 2027 (Q1 FY27), +26% from a year earlier. Secondary storage systems brought in $37.0M (46%); Service brought in $22.7M (28%); Device and media brought in $10.4M (13%).

Drawing the Sankey…

Quantum revenue by segment, Q1 FY27Quantum revenue by segment, Q1 FY27Secondary storage systems$37.0MService$22.7MDevice and media$10.4MPrimary storage systems$8.5MRoyalty$2.3M
Quantum: revenue by line, Q3 FY26 to Q1 FY27Quantum: revenue by line, Q3 FY26 to Q1 FY27Secondary storage sys…ServiceDevice and mediaPrimary storage syste…Service and subscript…RoyaltySubscriptionsSecondary storage systems: $37.0M latest$37.0MService: $22.7M latest$22.7MDevice and media: $10.4M latest$10.4MPrimary storage systems: $8.5M latest$8.5MService and subscription: $0 latestRoyalty: $2.3M latestSubscriptions: $0 latestQ3 FY26Q4 FY26Q1 FY27
Primary storage systems went from 13% of revenue in Q3 FY26 to 11% in Q1 FY27, the largest shift in the mix.
Quantum revenue by quarterQuantum revenue by quarter$72.6MQ3 FY25$61.3MQ4 FY25$64.3MQ1 FY26$62.7MQ2 FY26$74.6MQ3 FY26$78.0MQ4 FY26$80.8MQ1 FY27
Quantum: where each dollar of revenue goesQuantum: where each dollar of revenue goesIncome tax1¢Operating cash flow1¢Free cash flow1¢

Revenue by segment, Q1 FY27

SegmentRevenueShareQ/QY/Y
Secondary storage systems$37.0M45.8%+16%+100%
Service$22.7M28.0%+15%+5%
Device and media$10.4M12.8%-19%+4%
Primary storage systems$8.5M10.5%-20%-32%
Royalty$2.3M2.8%-20%+25%

Where each dollar of revenue goes

LineQ1 FY27% of revenue
Revenue$80.8M100.0%
Income tax$710K0.9%
Operating cash flow$947K1.2%
Free cash flow$552K0.7%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q1 FY27$80.8M+26%
Q4 FY26$78.0M+27%
Q3 FY26$74.6M+9%
Q2 FY26$62.7M-13%
Q1 FY26$64.3M-11%
Q4 FY25$61.3M-14%
Q3 FY25$72.6M+0.9%

From Quantum's 10-Q filed Aug 11, 2026 (on EDGAR).

Questions

How does Quantum make money?

Quantum (QMCO) made $80.8M of revenue in the first quarter fiscal 2027 (Q1 FY27), +26% from a year earlier. Secondary storage systems brought in $37.0M (46%); Service brought in $22.7M (28%); Device and media brought in $10.4M (13%).

What is Quantum's biggest business?

Secondary storage systems: $37.0M in the first quarter fiscal 2027, 46% of revenue, +100% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.