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

IQM Quantum Computers (NASDAQ:IQMX) issued its quarterly 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 Price Performance

IQMX stock traded up $0.34 during trading on Friday, hitting $7.85. The company had a trading volume of 213,019 shares, compared to its average volume of 217,373. IQM Quantum Computers has a 52-week low of $7.32 and a 52-week high of $15.10. The firm has a 50 day moving average of $9.79. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of -5.73 and a beta of 0.77.

IQM Quantum Computers News Summary

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

• Positive Sentiment: Commercial momentum strengthened: IQM booked a record €42.2 million in new Q3 orders, including its largest contract to date, and backlog reached €102.5 million—up 52% from the start of the year. Q3 interim report
• Positive Sentiment: Q3 revenue rose 51% year over year to €8.9 million. The company also reaffirmed its FY 2026 revenue outlook, giving investors a measure of guidance stability. Q3 results and outlook
• Neutral Sentiment: IQM reported €260.4 million in cash and cash equivalents at quarter-end, while noting that 31 quantum computers have been sold globally and 17 delivered. These figures provide context on its financial resources and commercial progress. Q3 interim report
• Negative Sentiment: The quarterly loss widened, and IQM reported earnings per share of -$0.93. Continued losses may temper enthusiasm about the company’s revenue and backlog growth. Q3 earnings results

Analysts Set New Price Targets

Several research analysts have issued reports on IQMX shares. Wall Street Zen lowered IQM Quantum Computers from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Rothschild & Co Redburn assumed coverage on IQM Quantum Computers in a report on Monday, July 27th. They issued a “neutral” rating and a $12.88 price target on the stock. BTIG Research began coverage on IQM Quantum Computers in a report on Monday, September 21st. They issued a “buy” rating and a $20.00 price target on the stock. Zacks Research raised IQM Quantum Computers to a “hold” rating in a research note on Tuesday, October 6th. Finally, Weiss Ratings assumed coverage on IQM Quantum Computers in a report on Friday, September 25th. They set a “sell (d)” rating for the company. Two 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. According to data from MarketBeat, IQM Quantum Computers currently has a consensus rating of “Hold” and an average target price of $16.44.

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.