Quantum ActiveScale Corp. (QMCO) today reaffirmed its guidance for third-quarter revenue of approximately $67 million, reflecting a 28% year-over-year increase driven by growing demand for high-density, cloud-native storage solutions. Management highlighted that record bookings in the media and entertainment vertical, alongside accelerated deployments in life sciences and hyperscale video streaming, underpin the revenue outlook. Backlog for the quarter stands at $25 million, providing clear visibility into near-term results and supporting a full-year revenue projection north of $230 million.

QMCO has entered into a technology collaboration with Telestream Inc. to validate and certify the DIVA media-asset management platform on Quantum ActiveScale object storage. The joint certification ensures seamless integration for large-scale video archives, enabling broadcasters and content providers to leverage ActiveScale’s erasure-coding and S3-compatible interface for long-term preservation. Initial interoperability tests demonstrated ingestion rates exceeding 10 TB/hour and retrieval latencies under 300 milliseconds for 4K video assets, positioning the solution as a competitive alternative to legacy tape and siloed file systems.

In a move to optimize its capital structure, QMCO successfully completed a debt reset in January 2026, exchanging $40 million of high-cost convertible notes for new term debt at a blended interest rate of 5.5%. The transaction reduces annual interest expense by $3.2 million and extends maturities by two years. Post-restructuring, total net leverage stands at 1.1x EBITDA, down from 1.8x at the end of 2025. The improved balance sheet enhances financial flexibility to pursue R&D in erasure-coding algorithms and expand the company’s global go-to-market footprint.

QMCO underscored its commitment to environmental, social, and governance (ESG) goals by integrating ActiveScale with renewable-energy-optimized data centers, reducing carbon intensity by 40% compared to legacy disk arrays. The company also previewed upcoming software features—including tiered storage policies and AI-driven data placement—that are expected to enter beta in Q4 2026. These enhancements, combined with the Telestream collaboration, aim to solidify QMCO’s position in emerging markets such as esports archiving, genomic data storage, and digital asset management for virtual production studios.