Quantinuum
Builds trapped-ion quantum systems with cloud software, applications and cybersecurity products.
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Profile
Combines trapped-ion quantum systems, cloud access, developer software, applications and cybersecurity products, earning revenue through subscriptions, deployments, licenses and services. A hardware-led, software-enhanced model spans a single reportable segment and depends on both cloud partners and specialized ion-trap manufacturing.
Combines trapped-ion quantum systems with control software, cloud orchestration, developer tools, applications and cybersecurity products. Helios, available through its cloud and on premises, is the current flagship system; H2 remains deployed in commercial and research environments. Nexus provides a shared environment for quantum projects, while Guppy, TKET and Lambeq support program development. InQuanto addresses computational chemistry, and Quantum Origin supplies software-generated quantum randomness.
Generates revenue from cloud access, on-premises systems, software licenses, research and application-development services, and selective intellectual-property monetization. Most revenue comes from customers outside the United States and is recognized over time. Its hybrid model directs workloads across CPUs, GPUs and quantum processors, while critical ion-trap manufacturing, cloud partners, export controls and government security commitments shape operations.
Company facts
Key statistics
Year to date −17.3% · Average volume (30d) 1.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 12, 2026 | Bernstein | Reiterate | Hold | $95 | |
| Aug 12, 2026 | Jefferies | Target | $90 | $85 | |
| Jun 29, 2026 | Craig-Hallum | Initiate | Buy | $100 | |
| Jun 29, 2026 | Needham | Initiate | Buy | $100 | |
| Jun 29, 2026 | Cantor Fitzgerald | Initiate | Overweight | $90 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | −$0.26 | −$0.28 | −8.0% | $7.6M | $8.0M | +5.0% | +27.97% |
| May 8, 2026Q1 FY26 | — | −$0.46 | — | — | $5.2M | — | — |
Financial highlights
| 3 quarters | — | — | — | Q1 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $19.1M | $5.2M | $8.0M | |
| Gross profit | — | — | — | $17.6M | $3.4M | −$2.3M | |
| Operating income | — | — | — | −$29.9M | −$137.7M | −$555.0M | |
| Net income | — | — | — | −$30.5M | −$16.7M | −$175.5M | |
| Diluted EPS | — | — | — | −$0.88 | −$0.48 | −$1.93 | |
| Gross margin | — | — | — | 92.3% | 65.1% | -28.9% | |
| Operating margin | — | — | — | -156.6% | -2,628.9% | -6,939.6% |
Balance sheet, Jun 30, 2026Cash & short-term investments $2.11B · Total debt $29.9M · Total assets $3.23B · Shareholders' equity $413.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 36.89M · Float —
Float — provider float and free-float percent disagree.
The provider's float, free-float percent and share count do not reconcile, so the float is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Capital World Investors | 4.56M | 12.36% | 13F | Aug 12, 2026 |
| Citadel Advisors LLC | 2.30M | 6.23% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 2.26M | 6.12% | 13F | Aug 7, 2026 |
| Capital Research Global Investors | 1.75M | 4.76% | 13F | Aug 12, 2026 |
| Defiance Etfs, LLC | 1.22M | 3.29% | 13F | Aug 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- IBM
Full-stack quantum systems and cloud platform for enterprise accounts.
- IonQ
Closest public trapped-ion full-stack quantum platform rival.
- Microsoft
Quantum cloud ecosystem and emerging full-stack hardware alternative.
- Alphabet Class A
Superconducting and neutral-atom quantum hardware with Cirq tools.
- Amazon
Cloud control point for quantum development, QPU access, and billing.
- Rigetti Computing
Superconducting QPUs and cloud access for quantum R&D customers.
- Infleqtion
Neutral-atom systems and cross-platform workflow software.
- D-Wave Quantum
Annealing and hybrid optimization alternative for enterprise spend.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Quantinuum | $50.25 | +0.62% | $13.14B | — | — | 993.2 | — |
| IBM | $235.80 | +0.10% | $221.96B | 20.8 | 18.4 | 3.2 | +1.1% |
| IonQ | $39.41 | +0.56% | $14.63B | — | — | 59.4 | +286.8% |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Rigetti Computing | $15.68 | +0.51% | $5.18B | — | — | 388.1 | +185.3% |
| Infleqtion | $12.82 | +0.20% | $2.79B | — | — | 126.4 | — |
| D-Wave Quantum | $17.01 | +0.03% | $6.25B | — | — | 502.6 | −0.6% |
| Median | 21.1 | 26.0 | 35.4 | +19.6% |