Quantum Corporation (QMCO) has formalized a strategic collaboration with Telestream to certify Telestream’s DIVA media-asset management platform on Quantum’s ActiveScale object storage. Under the agreement, Quantum engineers will integrate and validate DIVA workflows—encompassing ingest, metadata tagging, search and restore—directly on ActiveScale nodes, enabling large-scale, SIP-compliant archives for broadcast, post-production and streaming customers. The two companies have already completed initial interoperability testing, demonstrating sustained ingest rates above 4 PB per month and successful archive retrievals on datasets exceeding 1 EB. This partnership positions QMCO to cross-sell to Telestream’s installed base of over 10,000 customers worldwide and vice versa, accelerating pipeline generation for both software and hardware.

Quantum today confirmed its third-quarter fiscal 2026 revenue guidance of approximately $67 million, representing year-over-year growth of 12%. This forecast is underpinned by a firm backlog of $25 million—up 20% sequentially—driven by renewed demand in cloud-adjacent on-prem archival systems and multi-site disaster-recovery projects. Management highlighted that over 60% of the backlog is expected to convert to cash bookings by the end of the current quarter, with the remainder scheduled throughout fiscal Q4. The visibility provided by this backlog gives investors confidence in near-term cash flow and supports operating leverage as fixed R&D and sales costs are spread across higher volumes.

Quantum has completed a debt restructuring that extends maturity dates on its $50 million revolving credit facility by two years and lowered the interest rate by 150 basis points to a floating rate of SOFR plus 5.25%. Simultaneously, the company repurchased $10 million of senior notes at a discount, reducing net debt to $32 million and cutting leverage to under 0.5x net debt to trailing-twelve-month EBITDA. As a result, Quantum now expects annualized interest expense savings of roughly $1.2 million, which management intends to reinvest in product development and go-to-market initiatives throughout 2026.