Quarterly ResultAug 12, 2026, 04:25 PM
Infleqtion Reports Record Q2 Revenue $12.6M, Raises 2026 Outlook
AI Summary
Infleqtion, Inc. reported record second-quarter 2026 revenue of $12.6 million, a 116% increase year over year, and raised its full-year 2026 revenue outlook to approximately $43 million. The company ended the quarter with a strong balance sheet, holding $582 million in cash and no debt. Key business highlights include a Letter of Intent from the U.S. Department of Commerce for up to $100 million in proposed funding and continued progress towards 30 logical qubits in 2026, with plans for a quantum computer in Illinois by 2027.
Key Highlights
- Q2 revenue was $12.6 million, marking a 116% increase year over year.
- Full-year 2026 revenue outlook raised to approximately $43 million.
- Ended Q2 with $582 million in cash, cash equivalents, and available-for-sale securities, with no debt.
- Received a Letter of Intent from the U.S. Department of Commerce for up to $100 million in proposed funding.
- Remains on track to achieve 30 logical qubits in 2026.
- GAAP operating loss was $30.6 million in Q2 2026, compared to $10.1 million in Q2 2025.
- Non-GAAP operating loss was $17.0 million in Q2 2026, compared to $7.3 million in Q2 2025.
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