IQM Quantum Computers Reports Q3 Revenue Growth and Higher Backlog
IQM reported Q3 2026 revenue of EUR 8.9 million, up 51% year over year, and booked EUR 42.2 million in new orders. Its order backlog reached EUR 102.5 million as of September 30, up 52% from the start of the year. The company reaffirmed full-year 2026 guidance.
IQM Quantum Computers reported Q3 2026 revenue of EUR 8.9 million, representing a 51% increase year-over-year. The company booked EUR 42.2 million in new orders during the quarter, bringing its total order backlog to EUR 102.5 million as of September 30, 2026, a 52% increase from the start of the year. Cash and cash equivalents stood at EUR 260.4 million at the end of the period. Management reaffirmed its full-year 2026 guidance and noted that 31 quantum computers have been sold globally to date, with 17 delivered and 17 currently in production.
The company also expanded its footprint to a fourth continent with its first sale in South America to the Eldorado Research Institute.