secwatch.observer — SEC 8-K summary
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Issuer:     QUANTUM CORP /DE/ (QMCO)
CIK:        0000709283
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0000709283-25-000083
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quantum Q2 FY2026 rev $62.7M; GAAP net loss $46.5M on $25.4M debt extinguishment
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- Revenue $62.7M at high-end of guidance ($61-63M), down from $71.8M YoY.
- GAAP net loss $46.5M ($3.49/share) vs. $12.2M YoY; includes $25.4M non-cash debt-extinguishment loss.
- Non-GAAP adjusted EBITDA positive $0.5M; non-GAAP op. expenses fell >$5M YoY to $24.8M.
- Q3 FY2026 guidance: revenue ~$67M ±$2M, adj. EBITDA positive $1M ±$1M, adj. EPS ($0.51).
- CEO cites recent debt-exchange proposal, restructuring traction, and new sales leadership.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709283/000070928325000083/0000709283-25-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709283/000070928325000083/qtm-20251113.htm
  HTML page:      https://secwatch.observer/filing/0000709283-25-000083

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer