Monitor order intake and system delivery cadence in H2 2026 to assess whether the EUR 42-47M full-year revenue target is achievable. The EUR 102.1M backlog provides visibility, but the company remains pre-revenue at scale with a high cash burn rate relative to current revenue.
Price Chart
Executive Summary
IQM Quantum Computers reported H1 2026 revenue of EUR 8.9M with an operating loss of EUR 60.5M, while maintaining a strong cash position of EUR 309.4M. The company confirmed its full-year 2026 revenue target of EUR 42M-47M and new order intake target of EUR 65M-75M, with a total order backlog exceeding EUR 102.1M as of early August. The results reflect a pre-revenue growth-stage quantum computing company with significant cash runway into Q2 2028, making this a neutral operational update with no earnings surprise to trade against.
Key Financial Metrics
Key Facts
- H1 2026 revenue was EUR 8.9 million
- H1 2026 operating loss was EUR 60.5 million
- Cash balance of EUR 309.4 million as of July 2, 2026
- Order backlog of EUR 69.1 million as of June 30, 2026, growing to over EUR 102.1 million by August 3, 2026
- Full-year 2026 revenue target confirmed at EUR 42 million to EUR 47 million
- Full-year 2026 new order intake target confirmed at EUR 65 million to EUR 75 million
- 17 quantum systems delivered globally since founding, 26 total systems sold
- First US delivery to DOE's Oak Ridge National Laboratory in June 2026
Financial Impact
H1 2026 revenue of EUR 8.9M with EUR 60.5M operating loss; EUR 309.4M cash runway into Q2 2028
Risk Factors
- Pre-revenue at scale with EUR 60.5M H1 operating loss against EUR 8.9M revenue
- Quantum computing commercialization timeline remains uncertain
- Dependence on sovereign and enterprise customer adoption for revenue growth
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3338012 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | 6-K | $10.87 | awaiting T+20 | — | $8.95 (−17.66%) |
Oct 2, 2026 24d ago | 6-K | $10.35 | awaiting T+20 | — | $8.95 (−13.53%) |
Aug 27, 2026 8w ago | EFFECT | $10.81 $10.45 | ▼ −3.33% | ▼ −2.82% | $8.95 (−17.21%) |
Aug 4, 2026 11w ago | 6-K | $9.66 $10.48 | ▲ +8.54% | ▲ +9.78% | $8.95 (−7.30%) |
Aug 4, 2026 12w ago | Press Release | $9.66 $10.48 | ▲ +8.54% | ▲ +9.78% | $8.95 (−7.30%) |
Aug 3, 2026 12w ago | 6-K | $10.00 $10.49 | ▲ +4.90% | ▲ +3.66% | $8.95 (−10.50%) |
Jul 22, 2026 13w ago | Press Release | $11.47 $10.07 | ▼ −12.21% | ▼ −15.10% | $8.95 (−21.97%) |
Jul 20, 2026 14w ago | 6-K | $11.95 $9.80 | ▼ −17.99% | ▼ −20.55% | $8.95 (−25.10%) |
Jul 13, 2026 15w ago | 6-K | $11.70 $9.46 | ▼ −19.15% | ▼ −22.33% | $8.95 (−23.50%) |
Jul 8, 2026 15w ago | 6-K | $11.47 $9.21 | ▼ −19.70% | ▼ −22.98% | $8.95 (−21.97%) |
US Market Status
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