Hedge funds are buying these two big tech stocks while selling two rivals
CENTENNIAL, Colo. - Quantum Corporation (NASDAQ:QMCO) announced preliminary unaudited financial results for its fiscal second quarter ended September 30, 2025, with expected revenue of approximately $62.5 million, reaching the high end of its previously guided range. The company, which has seen its stock surge over 93% in the past year despite high volatility, is currently trading below its InvestingPro Fair Value.
The AI and unstructured data solutions provider reported preliminary GAAP gross margin of approximately 37.5% and GAAP operating expenses of approximately $32 million for the quarter. This performance comes as the company faces challenges with cash burn and short-term obligations exceeding liquid assets, according to InvestingPro analysis, which offers 12 additional key insights about QMCO's financial health.
Non-GAAP adjusted operating expenses are expected to be approximately $25 million, which is favorable compared to the company's guidance range of $27 million, plus or minus $2 million. The adjusted figure excludes stock-based compensation expense, restructuring charges, and non-recurring project costs.
Quantum expects to release its complete fiscal second quarter 2026 results by mid-November 2025.
The company noted that these preliminary results are unaudited and subject to change as it completes its financial close process and its independent auditors review the financial statements.
Quantum Corporation, listed on Nasdaq, specializes in data management solutions designed for the AI era, serving organizations in life sciences, government, media and entertainment, research, and industrial technology sectors.
This article is based on a press release statement from Quantum Corporation.
In other recent news, Quantum Corporation reported disappointing financial results for the first quarter of fiscal year 2025, missing both earnings per share and revenue forecasts. This announcement was followed by a restructuring agreement with Dialectic Technology SPV LLC and other lenders to address approximately $52 million of outstanding term debt. The deal allows the debt to be exchanged for senior secured convertible notes with a three-year maturity and removes certain financial covenants from existing agreements. In another development, Quantum appointed Geoff Barrall as its new Chief Product Officer, bringing extensive experience in enterprise storage and data management to the company. Barrall previously held leadership roles at Index Engines and Hitachi Vantara. These recent changes come as Quantum seeks to navigate its financial challenges and focus on product innovation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.