---
schema_version: "secwatch.filing_event.v1"
accession: "0000709283-22-000047"
form_type: "8-K"
ticker: "QMCO"
cik: "0000709283"
company_name: "QUANTUM CORP /DE/"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T15:54:50.952706+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Quantum Q2 revenue $99.1M at high-end guidance; record backlog $96.1M; guides Q3 revenue >$100M

## Summary
- Revenue $99.1M, up 6% YoY and 2% sequentially, at high-end of guidance.
- GAAP net loss $11.9M ($0.13/sh) vs $10.6M loss prior quarter; adj. non-GAAP loss $0.5M ($0.01/sh).
- Record backlog $96.1M driven by hyperscale forward orders; active subscription customers >550 (+180% YoY).
- GAAP gross margin 28% due to $5M+ inventory reserve; non-GAAP gross margin 35% comparable sequentially.
- Q3 FY2023 guidance: revenue $103M±$3M; adj. EBITDA ~$3.5M; adj. net loss ($0.01)/share.

## SEC filing metadata
- accession: 0000709283-22-000047
- form_type: 8-K
- ticker: QMCO
- cik: 0000709283
- company_name: QUANTUM CORP /DE/
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/709283/000070928322000047/0000709283-22-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/709283/000070928322000047/qtm-20221102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000709283-22-000047
- JSON: https://secwatch.observer/filing/0000709283-22-000047.json
- Plain text: https://secwatch.observer/filing/0000709283-22-000047.txt

## Key facts
- Earnings Releases
  QUANTUM CORP /DE/ reported the quarter ended September 30, 2022 results: revenue $99.1 million, net income ($0.13) per share, EPS ($0.13) per share. Guidance initiated.
  - Period: the quarter ended September 30, 2022
  - Revenue: $99.1 million
  - Net income: ($0.13) per share
  - EPS: ($0.13) per share
  - Guidance: initiated
  - Result: reported results
  source text: 30, 2022. A copy of our earnings release is furnished as Exhibit 99.1 to this report. --- EX-99.1 (EX-99.1) --- Quantum Reports Second Quarter Fiscal 2023 Results Revenue of $99.1 Million at High-End of Guidance Amid Improving Supply Chain; Guides to Continued Revenue Growth SAN JOSE, Calif. — November 2, 2022 — Quantum Corporation (NASDAQ: QMCO) announced today
  evidence_url: https://www.sec.gov/Archives/edgar/data/709283/000070928322000047/0000709283-22-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.