Quantum reports Q1 FY2026 revenue $64.3M, net loss $17.2M; guides Q2 revenue ~$61M

QUANTUM CORP /DE/

Revenue of $64.3M, down 11% YoY from $72.3M; GAAP net loss $17.2M ($1.87/share) vs $19.9M loss ($4.15) prior year.
Non-GAAP adjusted net loss $14.5M ($1.58/share) vs $7.6M loss ($1.59) prior year; Adjusted EBITDA negative $6.5M vs negative $2.2M.
Cash, equivalents $37.5M; term loan debt $104.3M; no revolver borrowings at quarter end (previously $26.6M).
CEO Hugues Meyrath (appointed June) leading cost structure and balance sheet actions; new sales/marketing hires and two new board directors.
Q2 FY2026 guidance: revenue ~$61M, adjusted EPS loss ($0.26), adjusted EBITDA approx breakeven.

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