IQM Quantum Computers (NASDAQ:IQMX) Releases Quarterly Earnings Results

Key Points

• Commercial momentum improved: IQM booked €42.2 million in Q3 orders, lifting its backlog to €102.5 million. Nine-month revenue rose 49% year over year to €17.7 million.
• 2026 revenue guidance was reaffirmed at €42–€47 million, but achieving it depends on Q4 deliveries and customer acceptance of new systems; some revenue could shift between quarters.
• Profitability remains a concern: IQM reported a quarterly loss of $0.93 per share and a €171 million operating loss, which included substantial non-cash listing expenses. It ended the quarter with about €260 million in cash.

IQM Quantum Computers (NASDAQ:IQMX - Get Free Report) issued its quarterly earnings results on Thursday. The quantum computing company reported ($0.93) EPS for the quarter, Zacks reports.

Here are the key takeaways from IQM Quantum Computers' conference call:

• IQM booked €42.2 million in Q3 orders, lifting its backlog to €102.5 million. The €33 million LUMI-IQ contract and new orders in Brazil and Japan broadened its customer base and included a multi-year path toward error-correction capabilities.
• Nine-month revenue rose 49% year over year to €17.7 million, and IQM reiterated 2026 revenue guidance of €42–€47 million. Meeting that outlook depends heavily on Q4 delivery and customer acceptance of its first 150-qubit systems; the company noted that acceptance timing can shift revenue between quarters, and a separate CESGA delivery is delayed until early 2027.
• IQM reported technical progress toward error correction, including entangling all 54 qubits on an Emerald processor and stable two-qubit gate performance during extended testing. It targets its first error-correction demonstrators in 2027, while emphasizing that these are roadmap milestones rather than completed fault-tolerant systems.
• Q3 operating loss was €171 million, including a €127 million non-cash listing expense and €13.5 million in listing-related transaction costs. Cash stood at €260 million, with management citing a runway into Q2 2028, while operating cash outflow and ongoing investment in R&D and delivery capacity remain important considerations.

IQM Quantum Computers Trading Down 14.7%

NASDAQ IQMX traded down $1.29 during trading on Thursday, hitting $7.51. The company had a trading volume of 310,667 shares, compared to its average volume of 210,997. IQM Quantum Computers has a one year low of $7.51 and a one year high of $15.10. The stock has a fifty day simple moving average of $9.85.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on IQMX shares. Weiss Ratings initiated coverage on IQM Quantum Computers in a research note on Friday, September 25th. They issued a "sell (d)" rating on the stock. BTIG Research assumed coverage on shares of IQM Quantum Computers in a report on Monday, September 21st. They issued a "buy" rating and a $20.00 price target for the company. Rothschild & Co Redburn began coverage on IQM Quantum Computers in a report on Monday, July 27th. They set a "neutral" rating and a $12.88 price objective for the company. Wall Street Zen cut IQM Quantum Computers from a "hold" rating to a "sell" rating in a research note on Saturday, October 3rd. Finally, Zacks Research raised shares of IQM Quantum Computers to a "hold" rating in a research note on Tuesday, October 6th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $16.44.

IQM Quantum Computers News Summary

Here are the key news stories impacting IQM Quantum Computers this week:

• Positive Sentiment: Commercial momentum strengthened: IQM booked EUR 42.2 million in new Q3 orders, bringing its order backlog to EUR 102.5 million, up 52% from the start of the year. Revenue rose 51% year over year to EUR 8.9 million. IQM Quantum Computers Interim Report for Q3 2026
• Positive Sentiment: The company reaffirmed its FY 2026 outlook and reported EUR 260.4 million in cash and cash equivalents at quarter-end, providing financial resources to support operations and growth. IQM Quantum Computers Q3 Loss Widens, Revenue Rises; Reaffirms 2026 Revenue Outlook
• Neutral Sentiment: IQM said it had sold 31 quantum computers globally, with 17 delivered and 17 in production—evidence of commercial activity, though the figures do not by themselves establish the pace of future revenue recognition. IQM Quantum Computers Interim Report for Q3 2026
• Negative Sentiment: Profitability remains a concern: IQM reported a quarterly loss of $0.93 per share, and its Q3 loss widened. That weak bottom-line performance may have overshadowed revenue and backlog growth. IQM Quantum Computers Q3 Loss Widens, Revenue Rises; Reaffirms 2026 Revenue Outlook

IQM Quantum Computers Company Profile

IQM Quantum Computers is a Finnish quantum-computing company that develops full-stack quantum systems based on superconducting quantum processors. The company provides quantum hardware, control electronics, software and related integration services designed to help research institutions, businesses and public-sector organizations explore quantum applications.

Founded in 2018 by a group of quantum-technology researchers and entrepreneurs, including Chief Executive Officer and co-founder Jan Goetz, IQM has its headquarters in Espoo, Finland.

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