Insider Brief
- IQM Quantum Computers reported first-half 2026 revenues of EUR 8.9 million, an operating loss of EUR 60.5 million, and an order backlog exceeding EUR 102.1 million as of August 2026.
- The company highlighted commercial expansion with 26 quantum systems sold, 17 delivered globally, and new deployments including its first US delivery to Oak Ridge National Laboratory.
- IQM confirmed its 2026 guidance of EUR 42 million to EUR 47 million in revenue and EUR 65 million to EUR 75 million in new order intake.
Press release – IQM Quantum Computers Plc (Nasdaq: IQMX) (“IQM”, “IQM Quantum Computers” or the “Company”), a global leader in full-stack superconducting quantum computers, today announced its financial results for the first half and second quarter of 2026, ended on June 30, 2026.
First Half and Year to Date 2026 Financial Highlights
- Order backlog of EUR 69.1 million as of June 30, 2026
- EUR 33.0 million added to backlog since June 30, 2026, bringing total order backlog 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
- 2026 Financial Outlook:
- Full-Year New Order Intake Target: EUR 65 million to EUR 75 million
- Full-Year 2026 Revenue Target: EUR 42 million to EUR 47 million
First Half and Year to Date 2026 Operational Highlight s
- Expansion into several new markets, including Japan and Spain, through new customer wins and customer engagements
- 17 systems in total delivered globally to customers since founding, with 26 total systems sold
- Notably, first US delivery to US Department of Energy’s Oak Ridge National Laboratory in Tennessee in June 2026
- Strong new sales momentum with a landmark deal announced with CSC, where IQM was selected to integrate a quantum computer into the LUMI AI Factory, connected to one of the world’s leading supercomputers
- Concrete use-cases exploration with Deutsche Bahn that demonstrated a hybrid quantum-classical railway scheduling solution using real operational data on today’s IQM hardware
- Significant advancements in error correction, first introducing tile codes and further refining them with the “barbell codes”—a novel family of qLDPC error correction codes customized for the IQM Constellation topology, showing strong improvement in efficiency
- More than EUR 40 million investment into industrial expansion of our proprietary fab, doubling cleanroom capacity to enable the production of up to 30 full-stack quantum computers per year
- Key ecosystem partnerships and collaborations including with NVIDIA, conducting AI-driven parallel qubit calibration using the NVIDIA Ising open family of AI models, helping automate system tuning and improve system uptime
- Collaboration with HPE including integrating IQM ’s superconducting quantum computers with HPE Cray HPC infrastructure for hybrid enterprise environments
- Significantly strengthened and expanded board with independent industry professionals as board members
- Expanded management team with experienced key new hires, including CTO, COO and promoting Chief Scientist
- Hosted successful inaugural Capital Markets Day in June 2026. Materials are available on IQM ’s website – Link
“Our public debut marks a historic milestone, demonstrating how technology leadership can capture global capital to transition quantum computing from research excellence into customer-ready computing infrastructure. IQM is operating from a position of verified commercial scale with 26 full-stack quantum computers sold, 17 delivered globally, and proven integration directly alongside AI supercomputers and high-performance data centers. As we execute our product roadmap and scale toward fault-tolerant quantum computing, our focus remains squarely on operational discipline, delivering real-world value, and strengthening our proposition as the partner of choice for sovereign and enterprise compute infrastructure,” said Dr. Jan Goetz, CEO.
“Our successful dual listing has fundamentally transformed our balance sheet, establishing a cash position of EUR 309.4 million that provides a robust financial runway well into the second quarter of 2028. Supported by strong commercial momentum, with our total order backlog surpassing EUR 102.1 million, we are confirming our full-year 2026 plan, with the momentum providing us confidence in our guidance. We are well-capitalized to strategically deploy cash into expanding our internal manufacturing capacity, accelerating on-premise system deliveries, and building long-term, sustainable market leadership in global quantum infrastructure,” said Jan Kuerschner, CFO.
This release contains a summary of IQM Quantum Computers Oyj’s financial results for the first half and second quarter of 2026. The summary focuses on group-level financial information and the Company’s outlook. Detailed financial information and notes are available in the financial report accompanying this release and on the Company’s website at https://investors.iqm.tech/ . We encourage investors to review the tables and notes in the full report as well.
Conference Call and Webcast
IQM will host a conference call today, August 4, 2026, at 8:00 AM EDT to discuss its second quarter and first half 2026 financial results and full-year 2026 outlook.
You can listen to a live audio webcast of the conference call at https://edge.media-server.com/mmc/p/k7j4grx5 or the “Events & Presentations” section of the Company’s Investor Relations website at https://investors.iqm.tech/ . A replay of the conference call will be available at the same locations following the conclusion of the call for one year.