IQM Quantum Computers (NASDAQ:IQMX) Issues Quarterly Earnings Results

IQM Quantum Computers (NASDAQ:IQMX) posted its earnings results on Thursday. The quantum computing company reported ($0.93) EPS for the quarter, Zacks reports.

Here are the key takeaways from IQM Quantum Computers’ conference call:

• IQM booked €42.2 million in Q3 orders, lifting its backlog to €102.5 million. The €33 million LUMI-IQ contract and new orders in Brazil and Japan broadened its customer base and included a multi-year path toward error-correction capabilities.
• Nine-month revenue rose 49% year over year to €17.7 million, and IQM reiterated 2026 revenue guidance of €42–€47 million. Meeting that outlook depends heavily on Q4 delivery and customer acceptance of its first 150-qubit systems; the company noted that acceptance timing can shift revenue between quarters, and a separate CESGA delivery is delayed until early 2027.
• IQM reported technical progress toward error correction, including entangling all 54 qubits on an Emerald processor and stable two-qubit gate performance during extended testing. It targets its first error-correction demonstrators in 2027, while emphasizing that these are roadmap milestones rather than completed fault-tolerant systems.
• Q3 operating loss was €171 million, including a €127 million non-cash listing expense and €13.5 million in listing-related transaction costs. Cash stood at €260 million, with management citing a runway into Q2 2028, while operating cash outflow and ongoing investment in R&D and delivery capacity remain important considerations.

IQM Quantum Computers Trading Up 2.0%

NASDAQ:IQMX traded up $0.15 during trading hours on Friday, hitting $7.66. 92,772 shares of the stock traded hands, compared to its average volume of 369,217. IQM Quantum Computers has a 1 year low of $7.32 and a 1 year high of $15.10. The stock has a market capitalization of $2.02 billion, a P/E ratio of -5.62 and a beta of 0.77. The firm has a 50 day moving average of $9.85.

Analyst Upgrades and Downgrades

IQMX has been the topic of a number of research reports. TD Cowen began coverage on IQM Quantum Computers in a research note on Friday, October 2nd. They issued a “buy” rating on the stock. BTIG Research assumed coverage on IQM Quantum Computers in a research report on Monday, September 21st. They set a “buy” rating and a $20.00 target price on the stock. Zacks Research raised IQM Quantum Computers to a “hold” rating in a report on Tuesday, October 6th. Wall Street Zen cut IQM Quantum Computers from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Finally, Weiss Ratings started coverage on IQM Quantum Computers in a research report on Friday, September 25th. They issued a “sell (d)” rating for the company. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.44.

Trending Headlines about IQM Quantum Computers

Here are the key news stories impacting IQM Quantum Computers this week:

• Positive Sentiment: Orders were strong: IQM booked €42.2 million in new orders during Q3, including its largest contract to date. The €102.5 million backlog was up 52% year to date, signaling a growing pipeline of future business. IQM Q3 2026 interim report
• Positive Sentiment: Q3 revenue rose 51% year over year to €8.9 million. The company also reported €260.4 million in cash and cash equivalents at quarter-end, providing resources to fund its operations and growth plans. IQM Q3 results
• Neutral Sentiment: IQM reaffirmed its FY 2026 revenue outlook. Holding guidance steady offers some reassurance, though the reports provided here do not specify the outlook’s figures. IQM Q3 2026 interim report
• Negative Sentiment: The quarter’s loss widened, and IQM reported a loss of $0.93 per share. That continued lack of profitability may temper the positive reaction to higher revenue and orders. IQM Q3 and nine-month results

About IQM Quantum Computers

IQM Quantum Computers is a Finnish quantum-computing company that develops full-stack quantum systems based on superconducting quantum processors. The company provides quantum hardware, control electronics, software and related integration services designed to help research institutions, businesses and public-sector organizations explore quantum applications.

Founded in 2018 by a group of quantum-technology researchers and entrepreneurs, including Chief Executive Officer and co-founder Jan Goetz, IQM has its headquarters in Espoo, Finland.