Quarterly ResultMay 14, 2026, 05:27 PM
Infleqtion Q1 Revenue $9.5M, up 14%; Raises 2026 Guidance to $40M+
AI Summary
Infleqtion reported record Q1 2026 revenue of $9.5 million, a 14% increase year-over-year, driven by expanding customer activity across its quantum portfolio. Despite a GAAP operating loss of $33.6 million, the company updated its 2026 revenue guidance to at least $40 million. Key commercial progress includes collaborations with NASA JPL and Safran, acceleration of its Quantum Spectrum platform, and new quantum software programs.
Key Highlights
- Record Q1 2026 revenue of $9.5 million, up 14% year over year.
- Updated 2026 revenue guidance to at least $40 million.
- GAAP loss from operations was $33.6 million.
- Non-GAAP loss from operations was $13.2 million.
- Net cash used in operations was $19.2 million.
- Cash, cash equivalents, and available-for-sale securities totaled $569 million as of March 31, 2026.
- Announced role as collaborator on NASA JPL’s Quantum Gravity Gradiometer Pathfinder mission, supported by $20 million in contracts.
- Began trading on the NYSE under the symbol "INFQ" as the first publicly traded neutral-atom quantum computing company.