Quantum

IQM Books €42.2 Million in Orders as Quarterly Revenue Rises 51% in Q3 2026

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 05/11/2026, 09:49:25 UTC.

Briefings

IQM reported a 51% revenue increase to €8.9 million in Q3 2026, driven by €42.2 million in new orders led by a €33 million contract for its Halocene quantum computing platform. The company expanded sales to South America and Japan, with a backlog of €102.5 million at year-end. Despite strong commercial momentum, the quarterly net loss widened to €152.6 million due to a €127.1 million share-listing expense and increased R&D spending.

Key points

• IQM booked €42.2 million in new orders in Q3 2026, led by a major Finnish computing project for its Halocene quantum computing platform.
• The company's backlog reached €102.5 million at September 30, up 52% from the start of 2026, with 31 quantum computers sold globally and 17 delivered.

Context

IQM is a Finnish quantum computer maker expanding into new markets including South America and Japan. The company maintains a full-year revenue forecast of €42 million to €47 million, though quarterly net loss widened significantly due to share-listing costs. The Halocene platform is designed for quantum error correction and is on track to become Europe's first superconducting quantum computer with logical qubits.

Limitations

Evidence is limited to the unaudited quarterly report for Q3 2026, with no additional background on the company's history or competitors. Some figures like the full-year revenue forecast are estimates, and the company's future performance beyond Q3 remains uncertain.

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