Quantum Corporation Projects Q3 Fiscal 2027 Revenue of $91M and Targets 43% Gross Margin
Quantum Corporation (QMCO) reported significant growth for fiscal Q2, with revenue increasing 43% year-over-year. Looking ahead to fiscal Q3 2027, the company has provided guidance projecting revenue between $89 million and $93 million. In addition to financial forecasting, management announced a leadership change with the appointment of Jim Clancy as the new Chief Operating Officer. The company is also working toward a strategic goal of achieving a 43% gross margin within the next 18 months.
Tickers: $QMCO
Topics: earnings report executive appointment revenue growth