Quantum Corporation Reports Q2 2027 Revenue Growth Driven by AI-Related Hyperscale Demand
Quantum Corporation (QMCO) reported strong second-quarter fiscal 2027 results, highlighted by a 42.9% year-over-year increase in total revenue to $89.6 million. The company achieved non-GAAP profitability with net income of $9.8 million ($0.25 per share), a significant turnaround from last year's loss. Growth was primarily fueled by a 2.6-fold increase in hyperscale demand as customers sought infrastructure solutions for AI-driven workloads. The company also reached a record order backlog of nearly $100 million due to supply constraints in the media and tape segments. Financially, Quantum maintains a strong position with zero debt and positive operating cash flow for the second consecutive quarter. While management issued optimistic Q3 guidance, they cautioned that component shortages and pricing volatility remain potential headwinds for future gross margins.
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Topics: AI Demand Cash Flow EBITDA Beat Order Backlog Revenue Growth