Quantum Corp
NASDAQ:QMCO
Quantum Corp
Quantum Corp. engages in the manufacture of computer storage device. The company is headquartered in San Jose, California and currently employs 827 full-time employees. The firm designs, manufactures and sells technology and services that enable customers to capture, create and share digital content. The firm offers products, which include CatDV asset management platform, All-Terrain file system (ATFS), StorNext file system, StorNext appliances and block storage systems, ActiveScale object storage, tape storage, backup appliances, and surveillance and edge. The company offers a range of services to its systems and technology, including managed services, professional services, implementation and training services, and support services for its customers. The firm also offers data cataloging, user collaboration and digital asset management software.
Quantum Corp. engages in the manufacture of computer storage device. The company is headquartered in San Jose, California and currently employs 827 full-time employees. The firm designs, manufactures and sells technology and services that enable customers to capture, create and share digital content. The firm offers products, which include CatDV asset management platform, All-Terrain file system (ATFS), StorNext file system, StorNext appliances and block storage systems, ActiveScale object storage, tape storage, backup appliances, and surveillance and edge. The company offers a range of services to its systems and technology, including managed services, professional services, implementation and training services, and support services for its customers. The firm also offers data cataloging, user collaboration and digital asset management software.
Revenue Beat: Quantum reported Q3 revenue of $74.6 million, exceeding the high end of its forecast and up from both the previous quarter and last year.
EBITDA Above Expectations: Adjusted EBITDA turned positive at $2.9 million, a significant improvement driven by restructuring and cost reduction.
Strong Backlog: Backlog ended Q3 at over $20 million (versus a typical $8–10 million), and is expected to stay elevated into Q4 due to strong demand.
Supply Chain Headwinds: Industry-wide shortages and rising component prices, especially for memory, disk, and flash, are causing fulfillment delays and margin pressure.
Tape Sales Surge: Tape sales doubled quarter-over-quarter, as customers seek alternatives to costly and scarce flash and disk storage.
Debt Reduction: Quantum reduced its term debt by roughly 50% through a debt exchange, strengthening its balance sheet.
Cautious Q4 Outlook: Q4 revenue is forecast at $68 million (±$2 million), reflecting ongoing supply chain uncertainty rather than weak demand.
