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Backlog rose to more than €102 million after the second quarter, though revenue remains heavily weighted toward the second half of 2026. IQM reaffirmed its targets of €42 million–€47 million in revenue and €65 million–€75 million in order intake.
IQM reported €6.7 million in second-quarter revenue but a €30.9 million operating loss, reflecting heavy research and development and listing-related costs. Following its Nasdaq listing, the company held €309.4 million in cash, which management said provides funding through the second quarter of 2028.
The company is expanding production and advancing its technology roadmap, including error correction and hybrid quantum-classical computing with HPE. On-premises quantum systems remain the main revenue source, while commercial adoption is still developing beyond IQM's primarily scientific and government customer base.
IQM's Nasdaq Debut Could Change the Quantum Race for D-Wave
#company
Backlog rose to more than €102 million after the second quarter, though revenue remains heavily weighted toward the second half of 2026. IQM reaffirmed its targets of €42 million–€47 million in revenue and €65 million–€75 million in order intake.
IQM reported €6.7 million in second-quarter revenue but a €30.9 million operating loss, reflecting heavy research and development and listing-related costs. Following its Nasdaq listing, the company held €309.4 million in cash, which management said provides funding through the second quarter of 2028.
The company is expanding production and advancing its technology roadmap, including error correction and hybrid quantum-classical computing with HPE. On-premises quantum systems remain the main revenue source, while commercial adoption is still developing beyond IQM's primarily scientific and government customer base.
IQM's Nasdaq Debut Could Change the Quantum Race for D-Wave
#company
1 day ago
