Quantum (NASDAQ:QMCO) Releases Q3 2026 Earnings Guidance

Quantum (NASDAQ:QMCO) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of -0.610–0.410 for the period, compared to the consensus earnings per share estimate of -0.250. The company issued revenue guidance of $65.0 million-$69.0 million, compared to the consensus revenue estimate of $63.9 million.

Quantum Trading Down 8.7%

Shares of QMCO stock traded down $0.67 on Thursday, hitting $7.03. The stock had a trading volume of 796,262 shares, compared to its average volume of 1,583,348. The firm has a market cap of $94.19 million, a P/E ratio of -1.58 and a beta of 2.64. Quantum has a twelve month low of $2.88 and a twelve month high of $90.64. The company has a fifty day moving average price of $9.76 and a two-hundred day moving average price of $9.62.

Quantum (NASDAQ:QMCO) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.29). The company had revenue of $62.72 million during the quarter. Quantum has set its Q3 2026 guidance at -0.610–0.410 EPS. On average, analysts expect that Quantum will post -5.5 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on QMCO shares. Wall Street Zen downgraded Quantum from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a research note on Wednesday, October 8th. Finally, Needham & Company LLC set a $20.00 target price on shares of Quantum in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.33.

Institutional Investors Weigh In On Quantum

Several large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new position in shares of Quantum during the second quarter worth approximately $1,775,000. UBS Group AG lifted its stake in shares of Quantum by 170.0% in the third quarter. UBS Group AG now owns 162,605 shares of the company’s stock worth $1,613,000 after buying an additional 102,384 shares in the last quarter. Vanguard Group Inc. raised its position in Quantum by 18.3% in the 3rd quarter. Vanguard Group Inc. now owns 303,597 shares of the company’s stock worth $3,012,000 after buying an additional 46,919 shares during the last quarter. 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 valued at $692,000 after acquiring an additional 5,806 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Quantum during the 2nd quarter valued at about $46,000. Institutional investors own 63.66% of the company’s stock.

Quantum Company Profile

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.