Arqit's FY26 Revenue Nearly Doubles to ~$1M, But Middle East Contract Loss Hits H2
ARQQ sits 89% above its 52-week low of $11.52.
Summary
Arqit Quantum reported preliminary FY2026 revenue of $975K-$1M, nearly double the $530K from FY2025, but the second half was weak at $355K-$380K versus $463K a year earlier. The H2 decline stems from the cessation of revenue recognition under a material Middle East contract, where the customer's ability to fulfill obligations was impacted by geopolitical events. Cash stood at approximately $51 million as of September 30, 2026. The company also disclosed a new NATO contract signed October 6, 2026, for secure networking services with a one-year term and two annual renewal options. Full audited results are expected in December 2026, with a conference call to follow.
Updates
· SEC 6-K — The 6-K attaches the press release with preliminary FY2026 revenue of $975K-$1M, H2 revenue of $355K-$380K, cash of $51M, and a NATO contract signed October 6, 2026.
At the time of this announcement, ARQQ was trading at $21.76 on NASDAQ in the Technology sector, with a market capitalization of approximately $392.4M. The 52-week trading range was $11.52 to $62.00. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.