Quantum Corporation first quarter 2027 revenue of $81M beats guidance while eliminating all debt

Quantum Corporation reported fiscal first quarter 2027 revenue of $80.8 million, exceeding the high end of its guidance range and marking a 26% increase year-over-year. The company achieved a major strategic milestone by eliminating its entire debt balance, transitioning to a net-cash position and recording its first non-GAAP profitable quarter since 2023.

Key Highlights

• Revenue grew to $80.8 million, driven by strong demand for ActiveScale object storage and tiered storage solutions for AI workloads.
• Total outstanding debt was reduced to zero from $104.3 million in the prior year, significantly strengthening the balance sheet and reducing interest expense.
• Non-GAAP adjusted net income reached $4.0 million, or $0.18 per share, compared to a loss of $14.5 million in the fiscal first quarter of 2026.