IQM Quantum Computers Reports Q2 2026 Results; Revenue Backlog Hits EUR 102 Million
IQM Quantum Computers reported a revenue backlog of EUR 102 million, marking a 52% increase year-to-date. The company’s Q2 results reflect strong commercial momentum despite ongoing operating losses, highlighting its position as a key player in the quantum computing sector.
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IQM Quantum Computers announced a Q2 2026 revenue backlog of EUR 102 million, up 52% from the beginning of the year. The company reported first-half revenue of EUR 8.9 million, alongside an operating loss of EUR 60.5 million.
IQM has delivered 17 quantum computers and signed a significant EUR 33 million contract with CSC for deploying its Halocene H4 system. The firm’s cash position improved to EUR 309 million following its public listing in July 2026, supporting its aggressive investment in R&D and manufacturing. Despite positive momentum, the company faces risks tied to project-based revenue recognition and customer concentration in government sectors.
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