JP Morgan maintains Quantinuum at Overweight, lowers price target to $80 from $97

IonQ shares rose 10% after reporting a 336% revenue increase to $173.8M in Q3, beating estimates. The company raised 2026 guidance to $505M-$515M. SkyWater contributed $83.5M, but IonQ's Platform segment grew 127%. Gross margin slipped to 21.9%. Quantinuum also raised its outlook.

Quantinuum (QNT) reported Q3 R&D expenses of $97.5M, up from $42.4M a year earlier, with $1.9B in cash and no debt. CEO Raj Hazra confirmed progress on Sol and Apollo quantum systems, targeting commercial availability in 2027 and 2029, respectively. The company secured a $100M DoC CHIPS award and expanded cloud partnerships, including a multiyear deal with an unnamed financial institution.

Quantinuum (QNT) shares rose 4.3% after-hours on Thursday. The quantum computing firm reported a Q3 adjusted loss of $0.29 per share, with revenue up 233% YoY. It also raised its full-year guidance.

Quantinuum Inc. (QNT) filed an SEC Form 8-K — Results of Operations and Financial Condition. Quantinuum Reports Third Quarter 2026 Results and Raises Full-Year Revenue Outlook • Third-Quarter Revenue Grew 233% Year-Over-Year; Raised FY2026 Revenue Outlook • Extended Fault-Tolerance Industry Leadership with Back-to-Back World Records, Validating Most Credible Path to Univ

Quantinuum Inc. (QNT) reported Q3 2026 revenue of $9.1M, up 233% YoY. The company raised its full-year revenue outlook to $31-34M. Key achievements include securing major cloud agreements, expanding enterprise reach, and setting industry records in fault-tolerant quantum computing. GAAP net loss was $118M, with cash reserves of $1.94B.

IBM, AMD, and Oak Ridge National Laboratory are collaborating on a research platform pairing IBM's 120-qubit Nighthawk quantum computer with classical systems to advance quantum error correction. Quantinuum aims to make fault tolerance invisible by 2029, while Intel acquires Classiq for $1.9-2.3B to build a full-stack quantum computing business.