Pasqal Holding SA (PSQL) AI Stock Analysis

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Pasqal Holding SA

(NASDAQ:PSQL)

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Positive Factors

Negative Factors

Pasqal Holding SA (PSQL) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $1.20B
Dividend Yield: ―
Average Volume (3M): 743.74K
Price to Earnings (P/E): -71.3
Beta (1Y): 1.29
Revenue Growth: ―
EPS Growth: ―
Country: US
Employees: 3
Sector: General
Sector Strength: 55
Industry: Computer Hardware

Pasqal Holding SA Business Overview & Revenue Model

Company Description

Pasqal Holding SA develops neutral-atom quantum computers and provides a full-stack quantum computing platform. The company designs and manufactures quantum processors based on neutral-atom technology and integrates them with high-performance computi...

Pasqal Holding SA Earnings Call Summary

Earnings Call Date:Sep 24, 2026(Q2-2026)|% Change Since:-39.49%|Next Earnings Date:Sep 30, 2027

Earnings Call SentimentPositive

The call was predominantly positive, emphasizing 14% revenue growth, 34% growth in QPU-related services, EUR 70.4 million of booked and awarded business, major technology demonstrations, strategic customer expansion, improved liquidity, Nasdaq listing, and substantial new financing. The principal negative factors were the wider reported operating and net losses, higher operating cash use, lower cryostat and grant revenue, and the timing and qualification requirements for converting deployments into revenue. Management attributed much of the expense increase to one-off financing, listing, and share-based compensation charges and maintained its technology and commercial roadmap.

Positive Updates

Revenue and QPU Services Growth

First-half 2026 revenue increased 14% year-over-year to EUR 4.9 million from EUR 4.3 million. QPU-related services revenue rose 34%, or EUR 1 million, to EUR 3.9 million, primarily driven by EUR 0.8 million of revenue recognized from the QPU upgrade under the Jülich contract.

Negative Updates

Cryostat Revenue Decline

Cryostat revenue declined to EUR 0.9 million from EUR 1.3 million in the prior-year period, reflecting fewer cryostat deliveries. The company noted that cryostat revenue is recognized when delivery occurs and can fluctuate based on project milestones.

Company Guidance

Pasqal said its roadmap targets digital fault-tolerant quantum computing in 2029, tens of thousands of high-quality qubits by 2030, and systems with tens of thousands of physical qubits and hundreds of logical qubits by the end of the decade; booked and awarded business was EUR 70.4 million, or EUR 70 million in the Q&A, with around half, or around EUR 37 million, representing commercial revenues, of which around EUR 12 million is expected to turn into revenue between now and the end of the year, while the remainder comprises grants and tax credits, with some of it going to turn in 2026/2027 and some programs even longer term.

Pasqal Holding SA Peers Comparison

Overall Rating

Financial Indicators

PSQL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

PSQL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
PSQL	Pasqal Holding Sa	4.52	-5.43	-54.57%
CRAN	Crane Harbor Acquisition Corp. II Class A	10.13	0.23	2.32%
MEVO	M Evo Global Acquisition Corp II Class A	10.04	0.18	1.83%
ILLU	Illumination Acquisition Corp I	9.99	0.07	0.71%
HACQ	HCM IV Acquisition Corp.	10.04	0.11	1.11%
ALOV	Aldabra 4 Liquidity Opportunity Vehicle, Inc. Class A	10.09	0.27	2.70%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Pasqal Holding SA AI Stock Analysis