Quantinuum (NASDAQ:QNT) Posts Quarterly Earnings Results, Beats Expectations By $0.70 EPS

Quantinuum (NASDAQ:QNT) posted its quarterly earnings results on Thursday. The company reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.99) by $0.70, FiscalAI reports. The firm had revenue of $9.05 million for the quarter.

Here are the key takeaways from Quantinuum’s conference call:

• Third-quarter revenue rose 233% year over year to $9.1 million. Quantinuum raised its 2026 revenue outlook to $31 million–$34 million and expects 2027 revenue growth of more than 100%, while targeting over $120 million in full-year 2026 bookings.
• The company reported record logical fidelity on Helios—99.9995%, or five errors per million operations—and said its error-correction results could require 30 times fewer physical qubits to reach target logical error rates. Quantinuum says Sol remains on track for commercial availability in the second half of 2027 and Apollo for 2029.
• Quantinuum signed its largest cloud agreement to date, a multi-year, multi-generation commitment from a global financial institution for access through Apollo and Nexus. It also announced a new hyperscaler agreement and continued expanding its Oracle Cloud collaboration, though it did not detail the new hyperscaler deal’s monetization terms.
• Nexus grew to 215 organizations, up from 180 last quarter, and job submissions increased tenfold over the 12 months through August compared with the prior 12-month period. The company also announced a roadmap intended to carry developers’ applications forward into the fault-tolerant era.
• Adjusted EBITDA loss widened to $80.5 million from $45.3 million a year earlier, while R&D expense more than doubled to $97.5 million as the company invests across its technology stack. Quantinuum ended the quarter with over $1.9 billion in cash and equivalents and no debt.

Quantinuum Trading Down 8.9%

Shares of QNT traded down $2.93 during mid-day trading on Thursday, reaching $29.82. The company had a trading volume of 3,906,401 shares, compared to its average volume of 2,191,558. The business’s 50 day moving average price is $43.74. Quantinuum has a 1-year low of $28.31 and a 1-year high of $86.79.

Wall Street Analysts Forecast Growth

QNT has been the subject of several research analyst reports. Jefferies Financial Group set a $85.00 price objective on shares of Quantinuum in a research report on Wednesday, August 12th. Morgan Stanley raised Quantinuum from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $78.00 to $62.00 in a report on Thursday, October 15th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Quantinuum in a research note on Wednesday, August 12th. Weiss Ratings initiated coverage on Quantinuum in a research note on Monday, August 31st. They issued a “sell (d)” rating on the stock. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 price target on shares of Quantinuum in a report on Wednesday, August 12th. Thirteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.23.

Hedge Funds Weigh In On Quantinuum

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC acquired a new stake in Quantinuum in the third quarter valued at approximately $32,000. IFP Advisors Inc grew its stake in shares of Quantinuum by 1,150.0% during the third quarter. IFP Advisors Inc now owns 1,250 shares of the company’s stock worth $60,000 after buying an additional 1,150 shares during the last quarter. Steel Grove Capital Advisors LLC increased its holdings in shares of Quantinuum by 25.6% during the third quarter. Steel Grove Capital Advisors LLC now owns 5,992 shares of the company’s stock worth $288,000 after buying an additional 1,222 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Quantinuum by 52.8% during the third quarter. SBI Securities Co. Ltd. now owns 6,778 shares of the company’s stock worth $326,000 after buying an additional 2,343 shares in the last quarter. Finally, Canton Hathaway LLC increased its holdings in shares of Quantinuum by 21.5% during the third quarter. Canton Hathaway LLC now owns 22,748 shares of the company’s stock worth $1,093,000 after buying an additional 4,023 shares in the last quarter.

About Quantinuum

Quantinuum is a quantum computing company formed in 2021 through the combination of Honeywell Quantum Solutions and Cambridge Quantum. The company develops full-stack quantum computing technologies designed to support research and commercial applications across industries, including chemistry, materials science, cybersecurity, finance and artificial intelligence.

Its offerings include trapped-ion quantum computers, quantum software and development tools. Quantinuum’s software portfolio includes the TKET quantum compiler, InQuanto quantum chemistry platform, Quantum Origin quantum-enhanced cybersecurity solutions and the Nexus platform for developing and managing quantum applications.