IQM Quantum Computers (Nasdaq: IQMX; Nasdaq Helsinki: IQMX.HE) reported its first results as a dual-listed public company: H1 2026 revenue of €8.87 million (up 47% YoY), an H1 operating loss of €60.54 million (widened from €31.64 million, driven partly by €9.9 million in SPAC/listing transaction costs), and order backlog of €69.1 million at quarter-end, which jumped past €102.1 million as of August 3 after a separate €33 million CSC/LUMI AI Factory contract landed in July. Following its business combination closing July 1, pro-forma cash stood at €309.4 million (~$337.2M), and the company issued formal FY2026 guidance of €42-47 million revenue and €65-75 million order intake. IQM has delivered 17 of 26 sold systems globally, including its first US delivery to Oak Ridge National Laboratory in June.

This is the most complete, guidance-backed earnings report of the three quantum SPAC debuts covered in this batch, real revenue growth, a large disclosed backlog with an actual named contract behind the biggest jump, and formal forward guidance, a meaningfully higher disclosure bar than Horizon Quantum or Xanadu cleared in the same week.

47% H1 revenue growth on a small base and a backlog boosted by one large contract (the €33M CSC deal) landing right after quarter-end is a strong quarter, but also a reminder that a single contract can move these numbers dramatically at this scale. The FY2026 guidance range is the number to hold them to next quarter.

IQM Quantum Computers Plc. “IQM Quantum Computers Reports First Earnings as Public Company, Reporting First Half and Second Quarter 2026 Results, and Initiates FY 2026 Guidance Supported by Over EUR 102 Million Order Backlog.” GlobeNewswire, 4 Aug. 2026, https://markets.businessinsider.com/news/stocks/iqm-quantum-computers-reports-first-earnings-as-public-company-reporting-first-half-and-second-quarter-2026-results-and-initiates-fy-2026-guidance-supported-by-over-eur-102-million-order-backlog-1036404550.