| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 13.54 | 43.1% | 156.4% |
| Total Income | 13.54 | 43.1% | 156.4% |
| Expenditure | 43.40 | 0.8% | 176.6% |
| PBT | -24.70 | 18.4% | 168.8% |
| Net Profit | -24.70 | 18.4% | 168.8% |
| OPM | — | ||
| NPM | — | ||
| EPS | -0.11 | 57.7% | 81.4% |
Infleqtion Reports Record Q2 Revenue of $12.6M, Up 116% YoY, and Raises 2026 Outlook
13 Aug 2026 · 13 Aug, 1:55 am
Summary
Infleqtion announced record second-quarter 2026 revenue of $12.6 million, representing a 116% year-over-year increase, driven by strong government investment and customer demand. The company also raised its full-year 2026 revenue outlook to approximately $43 million. Infleqtion ended the quarter with a robust balance sheet, holding $582 million in cash and no debt. Management highlighted the accelerating pace of quantum commercialization and progress on key technological milestones, including the development of quantum computing systems and sensing programs.
Key Highlights
- 1
Infleqtion reported record second-quarter 2026 revenue of $12.6 million, an increase of 116% year over year.
- 2
The company raised its full-year 2026 revenue outlook to approximately $43 million.
- 3
Infleqtion ended Q2 with $582 million in cash, cash equivalents, restricted cash and available-for-sale securities and no debt.
- 4
The U.S. Department of Commerce selected Infleqtion for a Letter of Intent providing for up to $100 million in proposed funding to advance commercialization.
- 5
Infleqtion remains on track to reach 30 logical qubits in 2026 and is deploying a quantum computer at the Illinois Quantum & Microelectronics Park in 2027.
- 6
Execution on NASA’s Quantum Gravity Gradiometer program was a major driver of year-over-year revenue growth in Q2.
Management Comments
Matt Kinsella
Q2 was a record quarter for Infleqtion, and the pace of quantum commercialization is accelerating. Governments are putting dates and dollars behind quantum, and we are building applications with customers now as they prepare for the next generation of quantum systems. We delivered 116% revenue growth, all organic, raised our revenue outlook, and remain on track for 30 logical qubits this year. The quantum market is entering an execution phase, and Infleqtion has spent more than a decade preparing for it.
Informational and educational content only. Not investment advice.