Quarterly ResultAug 4, 2026, 01:01 AM
IQM Quantum Computers H1 Revenue EUR 8.9M; Backlog Exceeds EUR 102M
AI Summary
IQM Quantum Computers announced its financial results for the first half and second quarter of 2026. The company reported total revenues of EUR 8.9 million and an operating loss of EUR 60.5 million for the first half. Its order backlog significantly increased to over EUR 102.1 million as of August 3, 2026, and it held a cash balance of EUR 309.4 million. IQM also provided a full-year 2026 revenue target of EUR 42-47 million and a new order intake target of EUR 65-75 million, alongside operational highlights including market expansion, system deliveries, and strategic partnerships.
Key Highlights
- Order backlog of EUR 69.1 million as of June 30, 2026.
- Total order backlog increased to over EUR 102.1 million as of August 3, 2026.
- Total revenues for the six months ended June 30, 2026, were EUR 8.9 million.
- Operating loss for the six months ended June 30, 2026, was EUR 60.5 million.
- Cash balance of EUR 309.4 million as of July 2, 2026, inclusive of listing proceeds.
- Full-Year 2026 Revenue Target: EUR 42 million to EUR 47 million.
- Full-Year 2026 New Order Intake Target: EUR 65 million to EUR 75 million.
- 17 systems delivered globally to customers since founding, with 26 total systems sold.
Price Impact
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