Quantum: Strong Results And Outlook, But Downgrading On Valuation
Quantum Corporation reported better-than-expected Q1-FY2027 results, with revenues of $80.8 million and Adjusted EBITDA of $8.0 million outperforming consensus by a wide margin, setting new multi-year highs. Sales were constrained by tape and disk drive availability, leading to a significant increase in backlog.
Why it matters — The strong results, multi-year revenue and profitability highs, and growing backlog signal solid operational momentum for Quantum despite supply constraints that continue to weigh on output.