QMCO Quantum Corporation
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Daily prices, adjusted for splits. P/E and P/S value each day on the results published by then; a gap in P/E means the trailing year had no profit.
Computer Hardware · Centennial, CO · 490 employees · quantum.com
Quantum Corporation develops storage hardware and software solutions designed to capture, protect, and preserve unstructured data across primary, backup, and deep archive tiers. The business generates revenue through the sale of storage platforms, tape drives, media, and asset management tools, as well as deployment, maintenance, and subscription services.
Bull case
Contracted backlog is expanding at a faster pace than recognized revenue, indicating healthy ongoing demand for the company's products. The business also receives a minor tailwind from selling storage infrastructure consumed by artificial intelligence workloads.
- Contracted backlog grew +33% over the year, against +11% for revenue.
- The share price trend is rising.
Bear case
Substantial share dilution is eroding each existing share's claim on the business and reducing revenue per share. Compounding this, the company burns cash after stock compensation, and its latest regulatory filing contains warning language.
- Heavy dilution is eroding each share's claim.
- Its latest filing carries warning language.
- Burns cash after stock pay (-7% of revenue).
- Trades at the 98th percentile of its own valuation history.
Features
- V-OVERVALUED Overvalued The price is 776% above its own-history reference value.
- H-DILUTION Dilution The share count rose 139.3% over the past year, while revenue per share fell 54%.
- F-BACKLOG-VELOCITY Backlog outpacing revenue Contracted backlog grew +33% over the year, against +11% for revenue.
AI impact
Supplies what AI runs on Tailwind
Quantum sells data storage and management systems designed to ingest and store unstructured data that fuels artificial intelligence models. While demand for data storage to support these workloads provides an advantage, the company's reports do not show an artificial intelligence risk.
Where AI helps it
- Sells what AI workloads consume (minor)
In the company's words
Quantum delivers end-to-end data management solutions designed for unstructured data in the artificial intelligence ("AI") era.
Assessed by AI from the company's own annual report filed 25 Jun 2026 and quarterly report filed 11 Aug 2026. A reading of the business, not a forecast or a recommendation.
Valuation position
QMCO is at the 98th percentile of its own valuation history. Depending on how far back you look, it ranges from the 97th to the 98th percentile. This is a relative measurement, not a price target or recommendation, and it assumes the business is still the one its history describes.
Price ladder
The measured price sits in the Above reference zone. These are reference zones, not buy instructions or forecasts that the prices will be reached.
Confirmed break: at least one break condition is active.
Quality versus peers
Each dimension is shown on its own; they are not combined into a score.
Current analyst snapshot
Shown for reference only; not used in any measurement.
What would have to break
- Not triggered — Revenue decline
- Not triggered — Margin break
- Not triggered — Cash burn with rising debt
- Triggered — Heavy dilution
- Triggered — Warning language in filings
News
No recent brief on this company.