Key Highlights Second quarter 2026 revenue reached $8 million, representing a 279% year-over-year increase and surpassing the $7.6 million analyst projection Annual 2026 revenue outlook estab
In its inaugural earnings announcement as a publicly traded entity on Tuesday, Quantinuum reported second quarter 2026 revenue of $8 million, reflecting a 279% climb from the corresponding period in the previous year and exceeding the $7.6 million consensus forecast compiled by FactSet analysts.
ethereum:0x4a220e6096b25eadb88358cb44068a3248254675 (Quantinuum) Q2 2026 EarningsRevenue nearly 4x…$1.7B IPO + major cloud partnerships are the real story
KEY METRICS (Q2 2026)
Revenue: $8.0M (+279% YoY)
— Emmanuel – Big Tech & AI Investor (@EmmanuelInvest) August 11, 2026
Shares gained 0.2% during Wednesday’s premarket session.
Quantinuum Inc. Class A Common Stock, QNT
The robust revenue expansion was predominantly fueled by cloud service adoption, with the customer base distributed approximately equally between domestic and international markets. Company leadership issued full-year 2026 revenue guidance ranging from $28 million to $32 million, positioning the midpoint above the $26.5 million Wall Street expectation.
Bookings accumulated through the first half of the year totaled approximately $81 million, incorporating contracts finalized following the quarter’s close. Management projects at least $120 million in total 2026 bookings and anticipates revenue growth exceeding 100% in 2027 compared to its 2026 forecast range.
Remaining performance obligations registered at approximately $74 million as the quarter concluded, with executives indicating this metric would increase during Q3 following additional post-quarter contract signings.
Operating losses expanded substantially, climbing to $555 million from $51 million in the second quarter of 2025. This increase was predominantly attributed to $447.5 million in equity-based compensation, with the majority representing a non-recurring charge associated with the company’s conversion to public market status.
Excluding certain items, the net loss totaled $73 million, or $0.28 per share. Adjusted EBITDA registered a loss of $68 million, versus a $43.5 million loss in the year-ago period. Non-GAAP gross margin stood at 62%.
Quantinuum closed the quarter with cash holdings of approximately $2.1 billion. Operating activities consumed $66.2 million in cash while capital expenditures totaled $16.6 million.
The company’s conventional initial public offering in June generated $1.7 billion in gross proceeds. Shares climbed as high as 19% during the debut trading session before surrendering virtually all gains, finishing the day up less than 1%. The stock declined below its offering price in the subsequent session.
The marquee partnership unveiled involved Oracle. Quantinuum will deploy a Helios quantum computing system within an Oracle Cloud Infrastructure data center located in the United States, marking the first Helios installation outside the company’s proprietary facilities aside from a previously announced Singapore deployment. This arrangement will generate modest cloud revenue in 2026, with greater contributions anticipated upon system delivery.
The company also revealed a collaborative agreement with Hewlett Packard Enterprise focused on merging quantum computing capabilities with high-performance computing architecture.
Regarding hardware development, management confirmed the Sol system remains scheduled for 2027 release, engineered with 192 physical qubits and 100 logical qubits. Initial validation testing of Sol traps has commenced, with no significant challenges identified to date.
The completely fault-tolerant Apollo system continues to target a 2029 launch. Jefferies analyst Kevin Garrigan, who launched coverage in June, has characterized Apollo as a possible “commercial tipping point” for the organization.
Over 180 entities are currently building applications on Quantinuum’s Nexus cloud platform, an increase from approximately 150 at the time of the public offering. A letter of intent with the US Department of Commerce could deliver up to $100 million in milestone-contingent funding for domestic manufacturing of trapped-ion quantum computing technology.
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