Quantum Corporation (QMCO) reported second-quarter 2027 revenue of $89.6 million, up 42.9% from a year earlier and above the $83.9 million consensus estimate. Gross profit climbed to $36.7 million, reflecting stronger sales momentum and improved top-line growth.
Profitability remained mixed. Operating profit was $6.8 million, but the company still posted a net loss attributable to common shareholders of $44.9 million, with diluted earnings per share of -$1.14. Cash from operating activities totaled $13.4 million, while capital spending was modest.
On the balance sheet, cash and cash equivalents rose to $67.4 million, giving Quantum a stronger cash position than a year ago. Total liabilities were $287.4 million. The stock rose 24.7% after the market close following the earnings release.
- Revenue: $89.6 million
- Gross profit: $36.7 million
- Net loss: $44.9 million
- Cash and cash equivalents: $67.4 million
- Post-earnings stock move: 24.7%
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Quantum Corporation Insider Trading Activity
Quantum Corporation insiders have traded $QMCO stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $QMCO stock by insiders over the last 6 months:
- HUGUES MEYRATH (President & CEO) sold 6,232 shares for an estimated $65,498
- ANTHONY CRAYTHORNE (Chief Revenue Officer) sold 1,478 shares for an estimated $15,856
- LAURA A. NASH (Chief Accounting Officer) sold 260 shares for an estimated $2,732
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Quantum Corporation Hedge Fund Activity
We have seen 63 institutional investors add shares of Quantum Corporation stock to their portfolio, and 13 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALYESKA INVESTMENT GROUP, L.P. added 2,653,928 shares (+inf%) to their portfolio in Q2 2026, for an estimated $29,193,208
- OAKTREE CAPITAL MANAGEMENT LP added 2,011,678 shares (+inf%) to their portfolio in Q2 2026, for an estimated $22,128,458
- NEUBERGER BERMAN GROUP LLC added 1,163,315 shares (+inf%) to their portfolio in Q2 2026, for an estimated $12,796,465
- ASHFORD CAPITAL MANAGEMENT INC added 1,039,200 shares (+inf%) to their portfolio in Q2 2026, for an estimated $11,431,200
- PORTOLAN CAPITAL MANAGEMENT, LLC added 1,020,120 shares (+inf%) to their portfolio in Q2 2026, for an estimated $11,221,320
- TWO SEAS CAPITAL LP removed 997,543 shares (-40.1%) from their portfolio in Q3 2026, for an estimated $31,642,063
- MARSHALL WACE, LLP added 675,547 shares (+1800.1%) to their portfolio in Q2 2026, for an estimated $7,431,017
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Quantum Corporation Price Targets
Multiple analysts have issued price targets for $QMCO recently. We have seen 2 analysts offer price targets for $QMCO in the last 6 months, with a median target of $16.5.
Here are some recent targets:
- Nehal Chokshi from Northland Capital Markets set a target price of $13.0 on 06/26/2026
- Jacob Stephen from Lake Street set a target price of $20.0 on 06/03/2026
