Investing.com -- Quantum Corporation (NASDAQ:QMCO) stock rose 10% Thursday morning after the company announced preliminary third quarter fiscal 2026 financial results that exceeded its previous guidance.
The AI and unstructured data solutions provider reported preliminary revenue of approximately $72.7 million for the quarter ended December 31, 2025, surpassing the high-end of its guided range of $67 million, plus or minus $2 million.
According to the preliminary unaudited results, Quantum achieved a GAAP gross margin of approximately 38% for the quarter. The company reported GAAP operating expenses of approximately $28.1 million and non-GAAP adjusted operating expenses of approximately $26.9 million, which fell within the previously provided guidance range.
Quantum expects to release its complete fiscal third quarter 2026 financial results by mid-February 2026. The strong preliminary revenue figures appear to have bolstered investor confidence in the data management solutions provider, contributing to the stock’s significant gain in Thursday’s trading session.
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