Quantinuum Raises FY26 Revenue Outlook to $31M-$34M After Q3 Beat; Shares Jump 9%
QNT sits 16% above its 52-week low of $28.31.
Summary
Quantinuum lifted its fiscal 2026 revenue range to $31M-$34M from $28M-$32M, putting the new midpoint above the roughly $30.1M analyst consensus. Q3 revenue rose 233% year over year to $9.1M and beat the $8.1M estimate, while the adjusted loss of 29 cents a share was narrower than the 37-cent expectation. The bottom line is still ugly: GAAP net loss widened to $118M from $52M and adjusted EBITDA loss grew to $80M from $45M. Mizuho, Evercore and Cantor all reiterated bullish ratings but cut price targets, with Mizuho at $70 from $90 and Evercore at $67 from $98, citing sector-wide valuation pressure. Commercial traction is the story — about $104M in bookings year to date against a target of more than $120M for fiscal 2026, and gross margin improved to 74.6% from 61.7% on a richer cloud mix.
At the time of this announcement, QNT was trading at $32.74 on NASDAQ in the Technology sector, with a market capitalization of approximately $8.6B. The 52-week trading range was $28.31 to $86.79. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.