IQM Quantum Computers (NASDAQ:IQMX) Releases Earnings Results

IQM Quantum Computers (NASDAQ:IQMX) posted its earnings results on Thursday. The quantum computing company reported ($0.93) earnings per share 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 Price Performance

NASDAQ IQMX traded down $1.29 during trading on Thursday, hitting $7.51. 310,667 shares of the stock traded hands, compared to its average volume of 210,997. The company has a 50-day moving average of $9.85. IQM Quantum Computers has a 12-month low of $7.51 and a 12-month high of $15.10.

Analyst Ratings Changes

IQMX has been the topic of a number of recent research reports. Zacks Research raised IQM Quantum Computers to a “hold” rating in a research note on Tuesday, October 6th. BTIG Research began coverage on IQM Quantum Computers in a research report on Monday, September 21st. They issued a “buy” rating and a $20.00 target price for the company. Rothschild & Co Redburn assumed coverage on shares of IQM Quantum Computers in a research note on Monday, July 27th. They set a “neutral” rating and a $12.88 price objective on the stock. TD Cowen initiated coverage on IQM Quantum Computers in a report on Friday, October 2nd. They issued a “buy” rating on the stock. Finally, Wall Street Zen cut shares of IQM Quantum Computers from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.44.

IQM Quantum Computers News Summary

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

• Positive Sentiment: Commercial momentum strengthened: IQM booked EUR 42.2 million in new Q3 orders, bringing its order backlog to EUR 102.5 million, up 52% from the start of the year. Revenue rose 51% year over year to EUR 8.9 million. IQM Quantum Computers Interim Report for Q3 2026
• Positive Sentiment: The company reaffirmed its FY 2026 outlook and reported EUR 260.4 million in cash and cash equivalents at quarter-end, providing financial resources to support operations and growth. IQM Quantum Computers Q3 Loss Widens, Revenue Rises; Reaffirms 2026 Revenue Outlook
• Neutral Sentiment: IQM said it had sold 31 quantum computers globally, with 17 delivered and 17 in production—evidence of commercial activity, though the figures do not by themselves establish the pace of future revenue recognition. IQM Quantum Computers Interim Report for Q3 2026
• Negative Sentiment: Profitability remains a concern: IQM reported a quarterly loss of $0.93 per share, and its Q3 loss widened. That weak bottom-line performance may have overshadowed revenue and backlog growth. IQM Quantum Computers Q3 Loss Widens, Revenue Rises; Reaffirms 2026 Revenue Outlook

IQM Quantum Computers Company Profile

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.