Quantum Corp (QMCO) Stock Surges 54% After Crushing Q1 Earnings Estimates
TLDR
- QMCO beat Q1 EPS estimates with $0.18 per share vs. a consensus loss of $0.17, a +205.88% earnings surprise
- Revenue hit $80.8 million, topping estimates by 7.74% and up 26% year-over-year from $64.29 million
- Supply chain constraints on tape drives are limiting revenue upside despite strong customer demand
- Quantum is now debt-free, cash flow positive, and profitable for the first time since 2023
- Q2 revenue guidance set at approximately $82 million, with EBITDA expected at $6 million
Quantum Corporation (QMCO) stock jumped over 53% after the company reported fiscal Q1 2027 results that blew past Wall Street expectations on both the top and bottom lines.
The stock has now gained roughly 86.7% year-to-date, compared to the S&P 500โs 13.3% gain over the same period.
Non-GAAP EPS came in at $0.18, crushing the Zacks consensus estimate of a loss of $0.17 per share. That marks an earnings surprise of +205.88%.
Revenue for the quarter was $80.8 million, up approximately 4% sequentially and 26% from the $64.29 million reported a year ago. It also beat the consensus revenue estimate by 7.74%.
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