IQM Confirms 2026 Outlook After Public Listing, Citing More Than €102 Million in Orders

IQM reaffirmed its 2026 financial outlook after reporting first-half results, highlighting an order backlog that exceeded €102 million following its recent listing despite continued operating losses.

The company reported first-half revenue of €8.9 million, an operating loss of €60.5 million and a cash balance of €309.4 million following proceeds from its public listing.

IQM expanded its commercial and technical footprint during the first half by delivering its first quantum computer to the U.S. Department of Energy’s Oak Ridge National Laboratory, announcing new customer wins, increasing manufacturing capacity and advancing quantum error-correction research.

IQM Quantum Computers said its public listing has strengthened its financial position and allowed it to reaffirm its 2026 outlook, according to a statement from the company.

The Finnish quantum computing pioneer’s second-quarter and first-half 2026 report tells a familiar story of growing commercial activity alongside continued heavy investment and significant operating losses typical of the emerging industry.

The company reported first-half 2026 revenue of €8.9 million and an operating loss of €60.5 million, while highlighting a rapidly expanding order backlog that exceeded €102.1 million as of Aug. 3, following its recent Nasdaq listing. The figures point toward both the commercial progress and the capital-intensive nature of companies seeking to build quantum computing businesses before the technology reaches broad commercial adoption.

The results mark IQM‘s first financial report since becoming a publicly traded company on Nasdaq under the ticker IQMX. The company said proceeds from the listing increased its cash balance to €309.4 million as of July 2, giving it funding to continue expanding manufacturing capacity, product development and international operations.

IQM also initiated full-year guidance, projecting new order intake between €65 million and €75 million and revenue between €42 million and €47 million.