ESPOO, Finland, Aug. 4, 2026 (GLOBE NEWSWIRE) -- IQM Quantum Computers Plc (Nasdaq: IQMX) (“IQM”, “IQM Quantum Computers” or the “Company”), a global leader in full-stack superconducting quantum computers, today reported its financial results for the first half and second quarter of 2026, ended June 30, 2026. IQM, which became the first publicly listed European quantum company on the Nasdaq Stock Market following its recent dual listing, is part of a global field of hardware developers — including IBM, Google, Rigetti, and IonQ — racing to transition quantum computing from laboratory research toward commercially useful systems.

First-half and year-to-date 2026 financial highlights

• Order backlog was EUR 69.1 million as of June 30, 2026.
• An additional EUR 33.0 million was added to backlog since June 30, 2026, bringing total order backlog to over EUR 102.1 million as of Aug. 3, 2026.
• Total revenues for the six months ended June 30, 2026, were EUR 8.9 million.
• Operating loss for the six months ended June 30, 2026, was EUR 60.5 million.
• Cash balance was EUR 309.4 million as of July 2, 2026, inclusive of listing proceeds.

The results reflect the early-commercialization economics typical of the quantum hardware sector, where companies are investing heavily in manufacturing scale-up and R&D well ahead of significant revenue generation.

2026 financial outlook

• Full-year new order intake target: EUR 65 million to EUR 75 million.
• Full-year 2026 revenue target: EUR 42 million to EUR 47 million.

First-half and year-to-date 2026 operational highlights

• IQM expanded into several new markets, including Japan and Spain, through new customer wins and customer engagements.
• The company said it has delivered 17 systems globally to customers since its founding and sold 26 systems in total.
• IQM noted its first U.S. delivery, to the U.S. Department of Energy’s Oak Ridge National Laboratory in Tennessee, in June 2026.
• The company also announced a landmark deal with CSC, under which IQM was selected to integrate a quantum computer into the LUMI AI Factory, connected to one of the world’s leading supercomputers. The Oak Ridge delivery and the CSC–LUMI integration reflect an emerging industry trend of pairing quantum processors directly with classical high-performance computing infrastructure, an approach being pursued by several national labs and HPC centers worldwide.
• IQM said it explored concrete use cases with Deutsche Bahn and demonstrated a hybrid quantum-classical railway scheduling solution using real operational data on its current hardware.
• The company said it made significant progress in error correction, first introducing tile codes and then refining them with “barbell codes,” a novel family of qLDPC error correction codes customized for the IQM Constellation topology. Error correction is widely regarded across the industry as a prerequisite for fault-tolerant quantum computing, and qLDPC codes are an active area of research pursued by multiple academic and industry groups.
• IQM said it invested more than EUR 40 million in the industrial expansion of its proprietary fab, doubling cleanroom capacity to enable production of up to 30 full-stack quantum computers per year.
• Key ecosystem partnerships and collaborations included work with NVIDIA on AI-driven parallel qubit calibration using the NVIDIA Ising open family of AI models to help automate system tuning and improve system uptime.
• The company also cited collaboration with HPE, including integration of IQM’s superconducting quantum computers with HPE Cray HPC infrastructure for hybrid enterprise environments.
• IQM said it significantly strengthened and expanded its board with independent industry professionals and expanded its management team with new hires, including a CTO and COO, as well as a promotion of its Chief Scientist.
• The company hosted its inaugural Capital Markets Day in June 2026. Materials are available on IQM’s website.

“Our public debut marks a historic milestone, demonstrating how technology leadership can capture global capital to transition quantum computing from research excellence into customer-ready computing infrastructure. IQM is operating from a position of verified commercial scale with 26 full-stack quantum computers sold, 17 delivered globally, and proven integration directly alongside AI supercomputers and high-performance data centers. As we execute our product roadmap and scale toward fault-tolerant quantum computing, our focus remains squarely on operational discipline, delivering real-world value, and strengthening our proposition as the partner of choice for sovereign and enterprise compute infrastructure,” said Dr. Jan Goetz, CEO.

“Our successful dual listing has fundamentally transformed our balance sheet, establishing a cash position of EUR 309.4 million that provides a robust financial runway well into the second quarter of 2028. Supported by strong commercial momentum, with our total order backlog surpassing EUR 102.1 million, we are confirming our full-year 2026 plan, with the momentum providing us confidence in our guidance. We are well-capitalized to strategically deploy cash into expanding our internal manufacturing capacity, accelerating on-premise system deliveries, and building long-term, sustainable market leadership in global quantum infrastructure,” said Jan Kuerschner, CFO.

This release contains a summary of IQM Quantum Computers Oyj’s financial results for the first half and second quarter of 2026. The summary focuses on group-level financial information and the company’s outlook. Detailed financial information and notes are available in the financial report accompanying this release and on the company’s website at . Investors are encouraged to review the tables and notes in the full report.

Conference call and webcast

IQM will host a conference call today, Aug. 4, 2026, at 8:00 AM EDT to discuss its second-quarter and first-half 2026 financial results and full-year 2026 outlook.

A live audio webcast will be available at or in the “Events & Presentations” section of the company’s Investor Relations website at . A replay will be available at the same locations for one year after the call.

About IQM Quantum Computers

IQM Quantum Computers (Nasdaq: IQMX) is a global leader in superconducting quantum computers, delivering full-stack quantum systems and cloud platform access to enterprises, research institutions, universities, high-performance computing centers, and national laboratories worldwide. IQM’s on-premises deployment model gives customers direct ownership and control of their quantum infrastructure. Founded in 2018 and headquartered in Finland, with major operations in Munich, IQM employs over 400 people and operates across Europe, Asia, and North America. IQM is the first publicly listed European quantum company on the Nasdaq Stock Market.

Contacts

Media contact: Michael Bruce, PR Manager, press@iqm.tech

Investor contact: Blair Robertson, Vice President, Strategy & Corporate Development, Investor Relations Officer, investors@iqm.tech

Key operating metrics

In addition to the measures presented in its consolidated financial statements, IQM uses Order Backlog and Order Intake as indicators of future revenues from existing signed orders. The company says this approach provides management with a transparent bridge from confirmed orders to revenue, linking sales performance with revenue realization, while remaining consistent with the external definition of backlog as confirmed, not yet recognized orders.

IQM says Order Backlog represents the value of binding customer orders that have been confirmed but not yet recognized as revenue at a point in time. The company calculates Order Backlog as the point-in-time balance of Order Intake less recognized revenue. Order Intake represents the total monetary value of binding customer orders signed during the period, excluding pipeline or expected orders, and reflects new business secured and future revenue generation.

These metrics are presented for supplemental informational purposes only, should not be considered substitutes for financial information presented in accordance with IFRS Accounting Standards, and may differ from similarly titled metrics used by other companies. In this release, IQM provided its Order Backlog both as of June 30, 2026 and Aug. 3, 2026. In future releases, the company said it intends to provide only quarterly Order Backlog and does not undertake to provide post-quarter updated information.

Cautionary language and forward-looking statements

Certain statements in this release that are not historical facts are forward-looking statements. These statements may be identified by terms and phrases such as “believe,” “expect,” “intends,” “outlook,” “may,” “will,” and similar expressions. Forward-looking statements in this release include, among other things, statements regarding IQM’s strategies, future or anticipated market or competitive position, business plans and future performance, including the company’s cash runway and outlook for the third quarter and full-year 2026.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those anticipated. These include, but are not limited to, expectations, plans, benefits or outlook related to strategies, projects, programs, product launches, growth management, licenses, intellectual property, sustainability and other ESG targets, operational key performance indicators and decisions on market exits or expansions; expectations, plans or benefits related to future performance of the business, including the expected impact, timing and duration of potential global pandemics, geopolitical conflicts and general or regional macroeconomic conditions on the business, supply chain, market changes, demand and customers’ businesses; expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, order backlog, order intake, income, margins, cash flows, cost savings, receivables, operating expenses, provisions, impairments, tariffs, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, value creation and revenue generation in any specific region; the ability to execute, and expectations, plans or benefits related to transactions, investments and changes in organizational structure and operating model, including the expansion of manufacturing and production capacity; expectations related to the commercialization and market acceptance of quantum technology and the timing and progress of product development; and other risks and uncertainties discussed in the “Risk Factors” section of IQM’s prospectus pursuant to Rule 424(b)(3) filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 5, 2026, IQM’s prospectus approved by the Finnish Financial Supervisory Authority (the “FIN-FSA”) on July 1, 2026, and other filings made from time to time with the SEC or the FIN-FSA.

These statements are based on management’s best assumptions and beliefs in light of the information currently available. IQM anticipates that subsequent events and developments may cause its views to change. The company disclaims any obligation to update forward-looking statements in this press release except as required by law. These forward-looking statements should not be relied upon as representing IQM’s views as of any date subsequent to the date of this release.