Quantum (NASDAQ:QMCO) Issues Q4 2026 Earnings Guidance

Quantum (NASDAQ:QMCO) updated its fourth quarter 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of -0.430–0.230 for the period. The company issued revenue guidance of $66.0 million-$70.0 million.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on QMCO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum in a research report on Monday, December 29th. Northland Securities raised shares of Quantum from a “market perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research note on Friday, November 14th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Quantum Trading Up 8.4%

Shares of NASDAQ:QMCO opened at $6.08 on Wednesday. The stock has a market capitalization of $83.40 million, a PE ratio of -2.05 and a beta of 2.66. Quantum has a 1 year low of $4.89 and a 1 year high of $24.40. The firm has a fifty day moving average price of $7.06 and a 200 day moving average price of $8.19.

Quantum (NASDAQ:QMCO) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($0.36) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.09. The company had revenue of $74.59 million during the quarter, compared to analyst estimates of $66.36 million. Quantum has set its Q4 2026 guidance at -0.430–0.230 EPS. On average, sell-side analysts forecast that Quantum will post -5.5 earnings per share for the current fiscal year.

Quantum News Roundup

Here are the key news stories impacting Quantum this week:

• Positive Sentiment: Revenue beat estimates — Quantum reported $74.6M in revenue (above consensus and the company’s earlier guidance), driven by strong quarter‑end shipments; this beat is the main catalyst for the post‑earnings rally. Read More.
• Positive Sentiment: Improved operating cash flow and reduced operating loss — third‑party summaries note cash used in operations improved materially year‑over‑year and operating loss narrowed, indicating progress on cash conversion and operating efficiency. Read More.
• Neutral Sentiment: Updated Q4 EPS guidance — the company gave EPS guidance of -0.430 to -0.230 for fiscal Q4 2026; the range is still negative but narrows visibility for next quarter. (Guidance release noted separately by the company.)
• Neutral Sentiment: Analyst and institutional activity — at least one recent analyst Outperform rating and reported institutional buying in recent quarters provide some external support to the stock’s outlook. Read More.
• Negative Sentiment: GAAP net loss and EPS volatility — third‑party reporting shows a large net loss and a wide EPS swing (Quiver reports a sizable GAAP net loss and a much worse EPS figure on a different basis), underscoring earnings volatility and potential one‑time/non‑cash charges. Read More.
• Negative Sentiment: Balance sheet pressure — cash and cash equivalents declined (reported at about $13.2M in third‑party data) while total liabilities remain elevated (~$333.5M), which raises refinancing and liquidity concerns for a small‑cap company. Read More.
• Negative Sentiment: Insider selling — recent filings show insider sales over the past six months (no purchases), which can be interpreted negatively by some investors. Read More.

Hedge Funds Weigh In On Quantum

A number of institutional investors have recently made changes to their positions in QMCO. Geode Capital Management LLC increased its stake in Quantum by 9.1% in the second quarter. Geode Capital Management LLC now owns 69,384 shares of the company’s stock valued at $692,000 after purchasing an additional 5,806 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Quantum in the 2nd quarter valued at $1,775,000. Raymond James Financial Inc. bought a new stake in shares of Quantum in the 2nd quarter valued at $46,000. Vanguard Group Inc. increased its position in shares of Quantum by 18.3% in the 3rd quarter. Vanguard Group Inc. now owns 303,597 shares of the company’s stock valued at $3,012,000 after buying an additional 46,919 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Quantum by 322.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,461 shares of the company’s stock worth $34,000 after buying an additional 2,641 shares during the period. 63.66% of the stock is currently owned by institutional investors.

About Quantum

Quantum Corporation (NASDAQ: QMCO) is a technology company that develops and delivers data management and storage solutions for businesses and organizations worldwide. The company’s product portfolio includes hardware, software and cloud-based offerings designed to address backup, archive, primary storage and long-term retention needs. Quantum’s solutions are geared toward data-intensive environments such as media and entertainment, surveillance, government, education and healthcare, where large volumes of digital content must be reliably stored, managed and accessed.

Quantum’s flagship products include the StorNext® data management platform, which provides high-performance shared file storage and workflow acceleration, and the DXi® series of deduplication appliances, which optimize backup and recovery by reducing storage footprints and data transfer times.