Quantum (NASDAQ:QMCO) Updates Q2 2026 Earnings Guidance

Key Points

• Quantum updated its Q2 2026 earnings guidance, projecting an EPS range of -0.360 to -0.160 and revenue between $59.0 million and $63.0 million, which is below consensus estimates.
• The company’s stock increased by 7.3% following the earnings update, trading at $8.57 with 1.9 million shares exchanged.
• Hedge funds have recently adjusted their holdings, with Marshall Wace LLP acquiring a new position valued at approximately $1.775 million in Quantum stock.

Quantum (NASDAQ:QMCO - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of -0.360--0.160 for the period, compared to the consensus EPS estimate of -0.390. The company issued revenue guidance of $59.0 million-$63.0 million, compared to the consensus revenue estimate of $71.5 million.

Quantum Stock Up 7.3%

NASDAQ:QMCO traded up $0.58 during trading hours on Wednesday, hitting $8.57. 1,914,702 shares of the stock were exchanged, compared to its average volume of 1,360,591. The company's 50 day moving average is $8.13 and its two-hundred day moving average is $10.60. Quantum has a twelve month low of $2.88 and a twelve month high of $90.64.

Analyst Upgrades and Downgrades

QMCO has been the topic of several research analyst reports. Ascendiant Capital Markets reaffirmed a "buy" rating on shares of Quantum in a research note on Wednesday, June 18th. Wall Street Zen downgraded Quantum from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Finally, Needham & Company LLC set a $20.00 price objective on Quantum in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.33.

Hedge Funds Weigh In On Quantum

Hedge funds have recently modified their holdings of the stock. Marshall Wace LLP acquired a new position in Quantum during the second quarter worth approximately $1,775,000. Geode Capital Management LLC increased its position in Quantum by 9.1% during the second quarter. Geode Capital Management LLC now owns 69,384 shares of the company's stock worth $692,000 after buying an additional 5,806 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Quantum during the second quarter worth approximately $46,000. Institutional investors own 63.66% of the company's stock.

About Quantum

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Myriad All-Flash File and Object Storage Software for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics; Unified Surveillance Platform Software that unified compute and storage for video surveillance recording, storage, and analytics; StorNext Hybrid Flash/Disk File Storage Software for video editing, post-production, and streaming applications, as well as digital file archives; and CatDV Asset Management Software for indexing, cataloging, enriching video, audio, and image files, and workflow orchestration.

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