IQM Quantum Reports First Public Earnings: EUR 8.9M Revenue, EUR 102M Backlog, Guides FY26 Revenue EUR 42-47M
IQMX is trading near its 52-week low of $9.65 (2.6% above the low).
Summary
IQM Quantum Computers delivered its inaugural earnings as a public company, posting H1 2026 revenue of EUR 8.9 million and an operating loss of EUR 60.5 million. The company ended the period with a cash balance of EUR 309.4 million, providing runway into Q2 2028. Order backlog surged to over EUR 102.1 million as of August 3, up from EUR 69.1 million at June 30, driven by EUR 33 million in new orders since mid-year. Management initiated FY 2026 guidance, targeting new order intake of EUR 65–75 million and revenue of EUR 42–47 million. Operational milestones include 17 systems delivered globally, a first U.S. delivery to Oak Ridge National Laboratory, and a landmark deal to integrate a quantum computer into the LUMI AI Factory. The report follows a recent F-1 filing to register resale of over 21 million shares, which may weigh on the stock despite strong commercial momentum. With shares trading near a 52-week low, the backlog growth and revenue ramp could shift sentiment if execution meets targets.
At the time of this announcement, IQMX was trading at $9.90 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $9.65 to $15.10. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.