Quantum (NASDAQ:QMCO) Releases Q3 2027 Earnings Guidance

Quantum (NASDAQ:QMCO) updated its third quarter 2027 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.100-0.300 for the period, compared to the consensus EPS estimate of 0.110. The company issued revenue guidance of $89.0 million-$93.0 million, compared to the consensus revenue estimate of $85.5 million.

Quantum Stock Performance

Shares of NASDAQ:QMCO opened at $16.99 on Tuesday. The firm has a 50 day simple moving average of $23.95 and a 200 day simple moving average of $13.34. Quantum has a 52 week low of $4.19 and a 52 week high of $35.65. The company has a market cap of $669.58 million, a PE ratio of -1.28 and a beta of 3.23.

Quantum (NASDAQ:QMCO) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.13. The firm had revenue of $89.63 million for the quarter, compared to analysts’ expectations of $82.30 million. Quantum has set its Q3 2027 guidance at 0.100-0.300 EPS. On average, equities analysts predict that Quantum will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on QMCO shares. Northland Securities raised Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 target price for the company in a research report on Tuesday, August 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a research report on Monday, September 21st. Lake Street Capital set a $29.00 price target on Quantum and gave the company a “buy” rating in a research report on Monday, September 14th. Cantor Fitzgerald assumed coverage on Quantum in a research note on Friday, October 23rd. They issued an “overweight” rating and a $29.00 price objective for the company. Finally, Wall Street Zen raised Quantum from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Quantum has a consensus rating of “Moderate Buy” and an average price target of $27.33.

Key Headlines Impacting Quantum

Here are the key news stories impacting Quantum this week:

• Positive Sentiment: Revenue rose 42.9% year over year to $89.6 million, exceeding analyst expectations of about $82–84 million. Adjusted EPS of $0.25 also topped the roughly $0.12–$0.13 consensus. Quantum fiscal second-quarter results
• Positive Sentiment: Gross margin expanded to 41%, up 340 basis points year over year, and the company cited strong demand and a record order backlog—signs of improving operating momentum. Q2 earnings call highlights
• Positive Sentiment: Q3 guidance also came in ahead of consensus: revenue of $89–93 million versus an $85.5 million estimate, and EPS of $0.10–$0.30 versus an estimate of about $0.11. Q2 2027 earnings call transcript
• Neutral Sentiment: Cash and cash equivalents were reported at $67.4 million, while operating cash flow was $13.4 million. These provide liquidity, but do not eliminate concerns about profitability. Q2 financial details
• Negative Sentiment: Despite positive adjusted EPS, separate reported figures showed a $44.9 million net loss attributable to common shareholders, underscoring ongoing GAAP profitability concerns. Q2 financial details
• Negative Sentiment: Recent open-market sales by the CEO and two other executives may weigh on sentiment, though the reported transactions were relatively modest in size. Insider trading details

Quantum Company Profile

Quantum Corporation (NASDAQ: QMCO) provides data storage, management and protection solutions for organizations that generate and retain large volumes of unstructured data. Its offerings are designed to help customers store, protect, archive and access information across on-premises, cloud and hybrid environments.

The company’s product portfolio has included Scalar tape libraries and LTO tape storage products, DXi deduplication and backup appliances, and software-defined storage solutions such as ActiveScale object storage.