AI solutions firm Quantum Corp expects prelim Q2 revenue at high end of guidance

Overview

• Quantum fiscal Q2 2026 prelim revenue at high end of guidance, $62.5 mln

• Non-GAAP adjusted operating expenses favorable to guidance at $25 mln

• GAAP gross margin expected at 37.5% for fiscal Q2 2026

Outlook

• Company did not provide specific future guidance

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the computer hardware peer group is "buy."

• Wall Street's median 12-month price target for Quantum Corp is $11.50, about 11.8% above its October 27 closing price of $10.14

Press Release:

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.