Pasqal Revenue Rose 14% As Quantum Services Grew 34%

Pasqal Holding SA reported €3.9 million in quantum processing unit-related services revenue for the first half of 2026, a 34 percent increase year-over-year that significantly outpaced the company’s overall 14 percent revenue growth. The neutral-atom quantum computing firm, listed on Nasdaq as PSQL, saw total revenue reach €4.9 million during the period ending June 30, 2026. “During the first half of 2026, we continued to deepen our engagement with our customers of choice,” said Chief Executive Officer Dr. Wasiq Bokhari, citing expanding relationships with organizations like NVIDIA, Google, and Crédit Agricole.

QPU Services Drive 34% Revenue Growth in First Half 2026

Pasqal’s quantum processing unit-related services revenue reached €3.9 million. This surge in services revenue demonstrates a shift from research-focused engagements to practical applications, as customers increasingly use Pasqal’s systems for real-world problem solving, the company says. The company’s ability to monetize access to its quantum hardware is a key indicator of its progress toward commercial viability in a nascent industry.

A substantial portion of Pasqal’s reported operating loss of €59.2 million stemmed from factors beyond core operational spending, with €37.5 million attributed to share-based payments and one-time charges related to becoming a publicly traded company. Of that €37.5 million, €27.3 million was allocated to share-based payment charges during the first half of 2026, a considerable increase from the €1.0 million recorded during the same period in 2025.