Broomfiled, CO, August 11, 2026 -- Quantinuum Inc. a leading quantum computing company, today announced financial results for the second quarter ended June 30, 2026.

"Our second quarter performance demonstrated strong execution against our strategy. We delivered critical R&D breakthroughs to advance our platform roadmap and enhance our competitive position, strengthened our supply chain and manufacturing capabilities, and increased our developer ecosystem engagement," said Rajeeb Hazra, President and CEO of Quantinuum. "As a result, we are seeing accelerating commercial momentum for the business, reflected in the second quarter results and the improved full-year outlook. With over $2 billion in cash, we have the capability to invest to accelerate our business plans, while maintaining a disciplined approach to capital allocation to ensure sustainable long-term growth and profitability."

Second Quarter 2026 Financial Highlights

• Completed industry’s first traditional initial public offering, raising $1.7 billion in gross proceeds

• Revenue was $8 million, +279% year-over-year, versus $2 million in the prior-year period

• GAAP gross margin was (64.4%), up 27 percentage points versus the prior-year period

• Adjusted gross margin was 62%, down 60 basis points versus the prior-year period

• GAAP net loss was $597 million, compared with a net loss of $57 million in the prior-year period

• Adjusted EBITDA loss was $68 million, compared with a loss of $43 million in the prior-year period

• GAAP net loss per share attributable to Class A common stockholders was $1.93

• Adjusted net loss per share was $0.28

• Cash & cash equivalents, and short-term investments were $2.1 billion as of June 30, 2026

Adjusted EBITDA, Adjusted Gross Margin and Adjusted net loss per share are non-GAAP financial measures defined under “Non-GAAP Financial Measures.” For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures, refer to the Appendix tables at the end of this press release.

Second Quarter and Recent Business Highlights

Commercial Highlights

• Announced an industry-first strategic partnership with Oracle to deploy Helios on Oracle Cloud Infrastructure’s (OCI) AI data center to enable hybrid quantum-AI workloads as an OCI service. By operating on-premises within OCI’s infrastructure, Helios is anticipated to be able to integrate seamlessly with existing OCI compute, networking, storage, identity, and data services under the same governance and access controls customers already use.

• Announced strategic collaboration with HPE to establish a framework for combining quantum computing with HPC and AI environments and engage enterprise customers on hybrid quantum-classical solutions for high-value scientific and industrial use cases.

R&D Milestones

Product Technology and Supply Chain

• Demonstrated industry-leading near five-nines logical fidelity on Helios, with a novel QEC code family, reinforcing Quantinuum’s leadership in fault tolerance.

• Progressing towards the launch of Sol in 2027, with Sol’s trap chip back from fabrication and advancing through product validation.

• Apollo remains on schedule for 2029, with significant progress made across key architectural subsystems through prototyping.

• Signed a new joint development agreement with a leading global electronics manufacturer to co-develop the infrastructure, systems engineering, and manufacturing capabilities required for future generations of quantum computers.

• Entered into a letter of intent with the U.S. Department of Commerce’s CHIPS R&D Office to strengthen onshore supply chains and accelerate U.S. leadership in trapped-ion quantum computing.

Ecosystem

• Accelerated Nexus adoption, with 180 organizations now using the cloud-based developer platform to build new quantum applications.

• Launched Guppy Playpond, a frictionless web-based environment set up for developers to learn writing and testing code in Guppy, to increase adoption of this next-generation quantum programming language.

• Expanded the Quantinuum Startup Partner Program with Qedma, integrating its error suppression and mitigation software into Quantinuum’s Nexus platform, giving enterprise and scientific users an additional optimization layer that can improve accuracy for large, complex workloads.

Application Research

• Invented a new parallel quantum phase-estimation algorithm for faster and more precise determination of molecular properties, with broad applications including pharmaceuticals, life-sciences, and energy.

• Demonstrated, with NVIDIA and a Fortune 100 pharma company, how AI-driven quantum simulation can potentially enhance molecular property characterization in pharmaceutical applications.

• Simulated complex magnetic materials with accuracy beyond the practical capabilities of the most advanced classical computers, with applicability to improving maglev and MRI systems.

Financial Outlook

• Establishing first formal guidance as a public company, with 2026 revenue expected to be in the range of $28 to $32 million.