Quantum Corporation reported a better-than-anticipated first-quarter fiscal 2027, with strong revenue growth, expanding gross margins, and a return to non-GAAP profitability. The company is now debt-free, cash-flow positive, and profitable for the first time since 2023. GAAP gross margin rose 360 basis points sequentially to 39.3%, its highest in five quarters, while gross profit increased 40% year over year on 26% revenue growth. Non-GAAP operating expenses fell 16% to $25.1 million, and adjusted EBITDA improved to $8 million from $1 million in the prior quarter. As of June 30, 2026, Quantum had no outstanding debt, down from $104.3 million a year earlier, and cash totaled $54.6 million. The company's shares have surged 130.4% in the past month, and it carries a Zacks Rank #2 (Buy).
Seagate Technology PLC
Western Digital CorporationQuantum CorporationQuantum reported strong Q1 FY2027 with revenue growth, margin expansion, and debt-free status, driving profitability.
