Quantinuum Raises Revenue Outlook After Landing Its Largest Cloud Agreement

Insider Brief

• Quantinuum reported third-quarter revenue of $9.1 million, up 233% from a year earlier, and raised its full-year revenue forecast to between $31 million and $34 million.
• The company secured its largest cloud agreement, including access through its planned Apollo system, while Nexus adoption reached 215 organizations.
• Quantinuum reported improved quantum error-correction accuracy and maintained its 2029 Apollo target, while its quarterly net loss widened to $118 million from $52 million.

PRESS RELEASE — Quantinuum secured its largest cloud agreement and raised its annual revenue forecast as customers committed to using future generations of its quantum computers, according to a statement from the company.

The multiyear extension with a leading global financial institution includes committed access through Apollo, the system Quantinuum plans to introduce in 2029, and Nexus, its software platform for developing and running quantum applications.

The deal accompanied broader commercial growth, according to the statement with third-quarter revenue reaching $9.1 million, up 233% from $2.7 million a year earlier. Quantinuum increased its full-year revenue outlook to between $31 million and $34 million, from its previous range of $28 million to $32 million.