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Quantum's Q1 Loss Wider Than Estimated, Revenues Plunge Y/Y
ZACKS· 2025-09-11 21:11
Key Takeaways Quantum posted Q1 loss of $1.58 per share on $64.3M revenue, both missing the consensus estimate.Revenue decline stemmed from product mix shift, higher tariffs and increased inventory provisions.Q2 outlook calls for $61M sales and breakeven EBITDA as cost-cutting actions take effect.Quantum Corporation ((QMCO) reported a first-quarter fiscal 2026 non-GAAP loss of $1.58 per share, considerably wider than the Zacks Consensus Estimate of a loss of 15 cents. The company incurred a loss of $1.57 pe ...