Quantum

Pasqal Reports Third-Quarter Revenue Decline as QPU Services Revenue Grows

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 06/11/2026, 19:49:25 UTC.

Briefings

Pasqal Holding SA reported a third-quarter 2026 revenue decline of 41% to €3.3 million, while QPU-related services revenue grew 53% to €3.1 million. The company booked €69.8 million in business and held €312.8 million in cash as of September 30, 2026. CEO Dr. Wasiq Bokhari highlighted progress on AI workflows and photonic integrated circuits, alongside strategic partnerships with LG CNS, USA Rare Earth, and KACST.

Key points

• Pasqal reported a 41% revenue decline to €3.3 million in Q3 2026, contrasting with a €5.7 million year-over-year increase.
• QPU-related services revenue surged 53% to €3.1 million, driven by consulting and maintenance services rather than realized QPU sales.

Context

Pasqal Holding SA is a global leader in neutral-atom quantum computing, reporting Q3 2026 metrics. The company achieved ISO/IEC 27001:2022 certification and received an EIC Fund Award, reflecting its focus on scaling quantum technologies across enterprise, sovereign, and public sectors.

Limitations

Revenue figures are unaudited and represent booked and awarded business rather than realized sales. Specific customer names and contract values are not disclosed, limiting analysis of commercial traction.

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