Quantinuum Q3 Revenue Jumps 233% to $9.1M, Lifts 2026 Outlook
Broomfield – November 05, 2026 -- Quantinuum Inc. (Nasdaq: QNT) raised its full-year 2026 revenue outlook to $31 million to $34 million, up from $28 million to $32 million, after third-quarter revenue rose 233% year-over-year to $9.1 million from $2.7 million.
Losses widen as margins improve
GAAP gross margin reached 33.3%, compared with negative 43.5% a year earlier. Adjusted gross margin was 74.6%, up 853 basis points year-over-year.
Losses grew alongside revenue. Adjusted EBITDA loss was $80 million, against $45 million in the prior-year period. GAAP net loss was $118 million, against $52 million, or $0.46 per Class A share. Adjusted net loss per share was $0.29. Cash and cash equivalents stood at $1.94 billion on September 30, 2026.
CEO Rajeeb Hazra said the momentum gives the company "more confidence than ever" in its opportunity.