Infleqtion Inc (NYSE:INFQ) reported financial results for the second quarter after the market close on Wednesday. Here’s what you need to know from the report.
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Infleqtion Q2 Key Metrics
Infleqtion reported second-quarter revenue of $12.63 million, beating analyst estimates of $10.64 million, according to Benzinga Pro. The neutral-atom quantum computing and sensing company posted a second-quarter loss of 12 cents per share, missing estimates for a loss of 5 cents per share.
Total revenue climbed 116% on a year-over-year basis, driven entirely by quantum. Infleqtion said it generated $13.2 million in cash from operations during the second quarter and ended the period with $582 million in cash, cash equivalents, restricted cash and available-for-sale securities.
“Q2 was a record quarter for Infleqtion, and the pace of quantum commercialization is accelerating. Governments are putting dates and dollars behind quantum, and we are building applications with customers now as they prepare for the next generation of quantum systems,” said Matt Kinsella, CEO of Infleqtion.
“The quantum market is entering an execution phase, and Infleqtion has spent more than a decade preparing for it.”
Infleqtion raised its full-year 2026 revenue guidance from $40 million to $43 million, versus estimates of $41.83 million. The company also said it’s currently on track to reach 30 logical qubits this year.
Infleqtion management is currently discussing the quarter on an earnings call that started at 4:30 p.m. ET.
INFQ Shares Slip After Hours
INFQ Price Action: Infleqtion shares were down 2.10% in after-hours Wednesday, trading at $12.10 at the time of publication, according to Benzinga Pro.
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Photo: courtesy of Infleqtion.