Quantum’s stock surged 61.1% after earnings, driven by revenue and margin results that notably exceeded expectations, alongside strong demand momentum and a sizable backlog despite ongoing supply constraints.
- Revenue came in at approximately $81 million, well above the guided $75 million, marking 25.7% year-over-year growth and sequential gains of about 4%.
- Gross margin expanded to 39.3%, surpassing internal targets and supporting adjusted EBITDA performance above expectations.
- Backlog increased significantly, reflecting persistent strong customer demand particularly for ActiveScale and tape storage solutions.
- Demand growth in both Americas (+20% sequential) and APAC (+50% sequential) regions driven by enterprise and hyperscaler customers.
- Supply chain constraints, especially for tape and disk drives, remain a headwind, limiting the ability to fully capitalize on robust demand.
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