Pasqal Reports Third-Quarter Revenue Decline as QPU Services Revenue Grows

Insider Brief

• Pasqal reported €3.3 million in third-quarter 2026 revenue, down from €5.7 million a year earlier, while QPU-related services revenue increased 53% to €3.1 million.
• The neutral-atom quantum computing company reported €69.8 million in booked and awarded business and €312.8 million in cash and cash equivalents as of September 30, 2026.
• Recent developments include an AI-assisted workflow on Pasqal Cloud, progress in photonic integrated circuit technology for trapped atoms, and partnerships targeting quantum computing applications in industrial chemistry and AI infrastructure.

PRESS RELEASE — Pasqal Holding SA (Nasdaq: PSQL), a global leader in neutral-atom based quantum computing, today provided a third quarter 2026 business update, including key financial and operational metrics.

Third Quarter 2026 Metrics

• Revenue of €3.3 million vs €5.7 million from the year ago period. The prior year period benefited from €3.2 million revenue recognized from QPU sales, while there were no QPU sales realized in the current period.
  • QPU-related services revenue² of €3.1 million vs €2.0 million from the year ago period, an increase of 53% year-over-year.
• Government grant income³ was €1.0 million vs €0.7 million from the year ago period.
• Booked and awarded business⁴ of €69.8 million as of September 30, 2026.
• Cash and cash equivalents of €312.8 million as of September 30, 2026.