Quantum Corporation reported fiscal second quarter 2027 revenue of $89.6 million, significantly exceeding the $82.3 million consensus estimate. Adjusted EPS of $0.25 nearly doubled the expected $0.13, reflecting a transition to a debt-free capital structure and robust hyperscale tape drive demand that outpaced lingering supply constraints.
Key Highlights
- Revenue surged 42.9% year-over-year to $89.6 million, supported by hyperscale tape demand growing more than 2.6 times compared to the prior year.
- Non-GAAP gross margin expanded 340 basis points year-over-year to 41.0%, driven by a higher-value product mix and increased secondary storage volume.
- The company achieved a debt-free balance sheet by quarter-end and reported a record order backlog of nearly $100 million, suggesting sustained demand for AI-ready infrastructure.