newsfilter
← Latest News
GlobeNewswire·

Pasqal Reports Third Quarter Business Update

  • Pasqal Holding SA reported Q3 2026 revenue of €3.3 million, down from €5.7 million in the prior year period, due to the absence of QPU sales in the current quarter.
  • QPU-related services revenue increased 53% year-over-year to €3.1 million, while government grant income rose to €1.0 million from €0.7 million.
  • Booked & awarded business totaled €69.8 million as of September 30, 2026, supported by a cash balance of €312.8 million.
  • CEO Dr. Wasiq Bokhari highlighted progress in scaling on-chip photonic control, integrating AI-assisted workflows on Pasqal Cloud, & expanding the sales pipeline across enterprise, sovereign, & public sectors.
  • Pasqal achieved ISO/IEC 27001:2022 certification on October 15, 2026, providing independent assurance for information security across its global operations.
  • An AI-assisted workflow plugin launched on October 8, 2026, to streamline scientific experiments on Pasqal Cloud within coding environments like Cursor & Claude Code.
  • The company received an EIC Fund Award on September 23, 2026, recognizing its status as a leading public quantum company in the EIC portfolio.
  • Strategic partnerships announced include collaborations with USA Rare Earth & Riven Systems for quantum machine learning in rare earth separation, LG CNS for hybrid AI architectures in Korea, & Eleven Ventures for commercialization in Saudi Arabia.
  • Technological milestones include a September 2026 trapped atom demonstration using photonic integrated circuits that reduced optical footprint by 50x, & progress as coordinator of the €50 million EU Q-PLANET pilot line.
  • Pasqal will host an earnings conference call on November 6, 2026, at 8:00 a.m. Eastern Time to discuss the Q3 2026 business update.
Company
Pasqal Holding SAS
Keywords
Nasdaq:PSQL, Pasqal Holding SAS, stquotepage