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IQM Quantum Q3 backlog up 52%, reaffirms 2026 guidance

Nov 5, 2026, 1:11 AM EST1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Positive backlog growth, record new orders, and a solid cash position reinforce earnings visibility and strategic expansion, lifting near-term sentiment.

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What happened, with direct paths to the underlying reporting

IQM Quantum reported Q3 2026 results with a EUR 102.5 million backlog, up 52% YTD, and EUR 42.2 million in new Q3 orders. Revenue rose 51% YoY to EUR 8.9 million, while cash reached EUR 260.4 million. The company reaffirmed FY2026 guidance as it signs its largest contract and expands globally, signaling durable demand for its quantum hardware.

Q3 new orders EUR 42.2m; YTD orders EUR 52.9m; backlog EUR 102.5m.
Q3 revenue EUR 8.9m, +51% YoY; cash EUR 260.4m.
31 quantum computers sold globally; 17 delivered, 17 in production.
FY2026 guidance reaffirmed; largest contract to date; expansion across four continents.

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