Reporting financial results for the first time as a public company, Quantinuum (QNT) reported a loss that met views while revenue slightly beat Wall Street targets. Quantinuum stock rose as the company also announced a quantum system sale to Oracle (ORCL).
Quantinuum in June raised $1.68 billion in an upsized initial public offering.
"This was a good first quarter post-IPO," said Morgan Stanley ***** yst Joseph Moore in a report. "Bookings are tracking better, there is revenue upside both this year and next, which suggests both conservatism in the original outlook and incremental commercial activity."
With the Oracle deal, management now expects at least $120 million of total bookings in fiscal 2026, up from $81 million in bookings as of June 30.
Meanwhile, Oracle plans to deploy a Oracle will deploy a Quantinuum "Helios" system at a cloud computing data center.
#quantinuum #june
Quantinuum in June raised $1.68 billion in an upsized initial public offering.
"This was a good first quarter post-IPO," said Morgan Stanley ***** yst Joseph Moore in a report. "Bookings are tracking better, there is revenue upside both this year and next, which suggests both conservatism in the original outlook and incremental commercial activity."
With the Oracle deal, management now expects at least $120 million of total bookings in fiscal 2026, up from $81 million in bookings as of June 30.
Meanwhile, Oracle plans to deploy a Oracle will deploy a Quantinuum "Helios" system at a cloud computing data center.
#quantinuum #june
2 months ago
