Quantinuum Reports Q2 Revenue Surge, Guides FY2026 at $28–$32M, and Unveils Oracle Partnership
QNT sits 19% above its 52-week low of $47.06.
Summary
Quantinuum's Q2 revenue jumped 279% to $8M, and it guided FY2026 revenue to $28–$32M. A new Oracle partnership aims to accelerate quantum adoption, while a $597M GAAP loss reflects heavy stock-based compensation and non-cash warrant charges.
Key Events · Earnings and Guidance · QNT
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Q2 Revenue Surges 279%
Revenue reached $8M, up from $2M a year ago, driven by accelerating commercial momentum and new customer engagements.
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First Formal Guidance: $28–$32M FY2026
Management set its inaugural public revenue outlook, implying a significant ramp in the second half of the year.
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GAAP Net Loss of $597M
The loss includes $448M in stock-based compensation (largely from the IPO reorganization) and a $48M non-cash warrant fair-value adjustment — not operational cash burn.
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Oracle Partnership for Helios on OCI
A multi-year deal will deploy Quantinuum's most advanced quantum computer inside Oracle Cloud Infrastructure, targeting hybrid quantum-AI workloads for enterprise customers.
Analysis · QNT · Technology
Quantinuum's first quarterly report as a public company shows explosive 279% revenue growth to $8M, but a massive $597M GAAP net loss driven by $448M in stock-based compensation and a $48M non-cash warrant liability remeasurement. The company set its first formal guidance at $28–$32M for FY2026, signaling confidence in accelerating commercial momentum. Simultaneously, a multi-year partnership with Oracle to deploy its Helios quantum computer on OCI marks a major step toward enterprise adoption. The $2.1B cash position provides ample runway, but the deep GAAP loss and post-IPO stock decline below the $60 offer price keep sentiment cautious.
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At the time of this filing, QNT was trading at $55.85 on NASDAQ in the Technology sector, with a market capitalization of approximately $14.6B. The 52-week trading range was $47.06 to $86.79. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.