Earnings Releases·Nov 5, 2026, 4:03 PM ET

Quantinuum — Q3 2026 Earnings Summary

Q3 2026 revenue surged 233% year-over-year to $9.1 million, while GAAP gross margin improved to 33.3% from (43.5%) in the prior-year period; however, adjusted EBITDA loss widened to $80 million from $45 million.
Full-year 2026 revenue guidance was raised to $31 million–$34 million, supported by a 20% quarter-over-quarter increase in Nexus platform adoption to 215 organizations and a tenfold rise in job submissions over the last 12 months.
Strategic milestones include securing the largest cloud agreement in company history with a global financial institution, finalizing the CHIPS R&D award as the only trapped-ion company selected, and advancing Helios assembly in Singapore ahead of spring 2027 commissioning.
Cash and cash equivalents grew to $1.94 billion as of September 30, 2026, following $1.63 billion in proceeds from the initial public offering, while the company maintains a global workforce of approximately 800 employees.