Quantum FY27 Q2 net loss narrows to $44.85 million; revenue rises 43% to $89.63 million
QMCO•Quantum’s FY27 second-quarter net loss narrowed year over year to $44.85 million, while revenue rose 43% to $89.6 million. GAAP operating results swung to a $6.78 million profit.
1. Quarterly results
Quantum reported FY27 second-quarter revenue of $89.6 million, up 43% year over year, and a GAAP net loss of $44.85 million, including a $51.57 million noncash warrant-liability fair-value charge. GAAP operating results swung to a $6.78 million profit from a loss a year earlier. The company said order backlog reached a record nearly $100 million and that it secured a major hyperscale Scalar i7 Raptor purchase order.
