IQM Quantum Computers Q2 2026 Earnings Call: Complete Transcript

IQM Quantum Computers (NASDAQ: IQMX ) released second-quarter financial results and hosted an earnings call on Tuesday.

Read the complete transcript below.

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The full earnings call is available at Summary IQM Quantum Computers successfully transitioned to public markets, listing on Nasdaq New York and Nasdaq Helsinki, highlighting its global ambitions and financial maturity.

The company reported a robust order backlog of over 102 million euros, indicating strong commercial traction, but recognized only 8.9 million euros in revenue for H1 2026, reflecting the long sales cycle typical in the quantum computing industry.

Strategic initiatives included the acquisition of assets from Qantas 3 GmbH to enhance capabilities in AI-powered quantum simulations, and a collaboration with HPE to integrate quantum computers with HPC environments, emphasizing a hybrid computing approach.

IQM's product portfolio includes on-premise quantum systems and a cloud service, with a focus on scalability and integration into existing data centers, leveraging its proprietary superconducting technology.

The company's financial outlook for 2026 is optimistic, with guidance for 42 to 47 million euros in revenue, heavily weighted to Q4, driven by the delivery of a 150-qubit system.

Management emphasized their commitment to a vertically integrated model and production quantum approach, which they believe offers competitive advantages in speed and scalability.

The company sees its future growth driven by expanding commercial applications, especially in sectors like finance and pharmaceuticals, while maintaining a strong focus on R&D and technological advancements.

IQM's current cash position post-listing ensures a financial runway until Q2 2028, enabling continued investment in strategic and operational milestones.

Full Transcript Investor Relations Good morning.

Welcome to IQM Quantum Computers' first earnings call as a public company following our historic debut on the Nasdaq Global Select Market and Nasdaq Helsinki.

Joining me today are Dr.

Jan Goetz, our Chief Executive Officer, and Jan Kirchner, our Chief Financial Officer.

Before we begin, I'd like to remind everyone that today's discussion may include forward-looking statements including comments on our product roadmap, customer demand, system deliveries, bookings, revenue timing, operating plans, and outlook.

These statements are subject to risks and uncertainties that could cause actual results to differ materially from our current expectations.

Please refer to today's earnings materials, our public filings with applicable regulatory authorities, and our listing prospectus and subsequent stock exchange releases for more information on these risks.

We will also discuss certain non-IFRS measures, and reconciliations to the most comparable IFRS measures are provided in our earnings release.

With that, I'll turn the call over to Jan Goetz.

Jan Goetz, CEO & Co-Founder Thank you, Chiara, and thank you to everyone who is joining us for our first earnings call as a public company.

Our first earnings call and the underlying transaction of going public have been important milestones for IQM.

We officially entered the public markets on July 2nd under the ticker IQMX.

We listed at Global Select Market on Nasdaq New York followed by a listing on Nasdaq Helsinki.

From the announcement in February to trading in July, our go-public transaction was completed in just five months.

The successful closing of the transaction reflects the execution capability and the organizational strength we have built over the years.

Part of building organizational strength, we have also significantly strengthened our board of directors.

We welcomed three new independent board members.

First, Barbara Veneman, former Global Head of IT at Deloitte and a board member at Vanguard.

Second, Juho Sarvikas, CEO of Nasdaq-listed Inseego and former President of Qualcomm North America.

Third, Jeff Tudor, an experienced investor and board professional.

They join our Chairman Serk Pretting, COO of Nasdaq-listed BioNTech, Alex Dol, Co—Founder of PGP Corporation and managing partner at 1011 VC, Hannu Matola, President and CEO of Detection Technology, an experienced board professional, and myself.

Our dual listing in particular marks a historic milestone, showcasing how technology from Europe can capture global investments to turn quantum computing from a research ambition into real products and customer-ready computing infrastructure.

At IQM we have a differentiated business model, we are leading the deployment of quantum computers into data centers, and we have a unique technology approach based on vertically integrated full-stack quantum computers with advanced error correction.

From day one, our founding thesis was to bring working full-stack quantum computers directly into the hands of HPC data centers, connecting quantum computers to AI supercomputers.