EarningsQ2 2026 Earnings Report
MX:QUBT Q2 2026 EPS Results
Actual EPS-$0.86
Consensus EPS-$0.60
Beat/MissMissed by -$0.26
One Year Ago EPS-$4.48
MX:QUBT Q2 2026 Revenue Results
Actual Revenue$95.61M
Expected Revenue$88.74M
Beat/MissBeat by +$6.87M
YoY Revenue Growth+9000.00%
Earnings Announcement Details
QuarterQ2 2026
Date08/10/2026
TimeAfter Close
Conference CallMonday, August 10, 2026
MX:QUBT Upcoming Earnings
Quantum Computing's next earnings date is estimated for November 18, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:QUBT Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated significant strategic progress: major acquisitions to expand manufacturing and packaging capabilities, commercialization milestones (Dirac-3 delivery, Neurawave readiness and orders), a materially larger revenue base year-over-year, and a strong balance sheet (~$1.3B cash/investments). At the same time, the business is investing heavily—operating expenses rose 114%—reports a continued net loss (albeit improved due to noncash derivative valuation), faces lumpy revenue recognition and integration/CAPEX needs, and remains concentrated in government subcontracting. On balance the update shows strong momentum and financial flexibility to execute the growth strategy, tempered by near-term expense and execution risks.Company Guidance
Large YoY Revenue Increase
Revenue for Q2 2026 was $5.6M versus $61K in Q2 2025, representing an approximately 9,000%+ year-over-year increase and a sequential increase of ~51% from Q1 2026 ($3.7M).
Commercial Product Milestones and Orders
Dirac-3 delivered and installed at a global consulting firm; Neurawave declared commercially ready; initial purchase order from Planck Dynamics for 5 Neurawave systems with potential aggregate program value > $10M; purchase order from a leading university for Quantum secure communications system.
Strategic Acquisitions and Manufacturing Scale-Up
Completed three strategic acquisitions (including Enhanced Semiconductor, Luminar Semiconductor, and NuCrypt) in H1 2026, enabling Fab-2 launch, expanding advanced packaging, photonics, and US-based semiconductor manufacturing capabilities and bringing experienced engineering talent.
Strong Balance Sheet and Large Cash/Investment Position
Total assets approx. $1.6B and cash, cash equivalents and investments approx. $1.3B as of 06/30/2026, providing financial flexibility to fund acquisitions, R&D, and manufacturing expansion despite acquisition spend.
Improved Net Loss Driven by Derivative Valuation
Net loss for Q2 2026 was $11.8M (loss of $0.05 per share) versus a $36.5M loss ($0.26 per share) in Q2 2025; major improvement driven by a much smaller mark-to-market derivative loss in Q2 2026 ($1.7M) versus $28M in Q2 2025.
Backlog and Contract Visibility
Contract backlog of approximately $42.5M as of June 30, 2026, representing multi-quarter revenue visibility across 12–18 month project horizons and providing a baseline of future work.
Higher Interest and Other Income from Larger Cash Position
Interest and other income rose to $13M in Q2 2026 from $1.8M in Q2 2025, an increase of ~622%, reflecting returns on a materially larger cash and investment balance.
Commercial Go-To-Market Investments
Hired a new Chief Revenue Officer and plans to expand the salesforce to accelerate commercial penetration across government and commercial markets.
MX:QUBT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed