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Quantum Corporation (QMCO) faces a crisis of confidence following the disclosure of significant accounting control failures, the resignation of its CEO after just five months, and the initiation of securities fraud lawsuits. The events signal deep internal issues and have caused a strongly bearish market sentiment.
Quantum Corp. announced mixed Q2 2026 financial results, pairing a significant net loss with a record-high order backlog. This divergence creates uncertainty around the company's near-term financial stability despite signs of strong customer demand.