IQM Quantum Reports Q3 2026 Revenue Growth and Significant Order Backlog Increase
IQM Quantum (IQMX) reported strong third-quarter 2026 financial results, characterized by a 51% year-over-year revenue increase to EUR 8.9 million. The company's order backlog surged to EUR 102.5 million, a 52% increase since the start of the year, driven largely by new contracts in Japan, Brazil, and the significant LUMI-IQ error-correction system contract valued at EUR 33 million. Despite an operating loss of EUR 171.2 million—impacted heavily by a noncash share-based listing expense of EUR 127.1 million—the company maintains a robust liquidity position with EUR 260.4 million in cash, providing a financial runway into Q2 2028. Management issued full-year revenue guidance between EUR 42 million and EUR 47 million, contingent on the successful customer acceptance of upcoming 150-qubit systems.