Quantinuum (NASDAQ:QNT) Issues Quarterly Earnings Results, Beats Estimates By $0.70 EPS

Quantinuum (NASDAQ:QNT) posted its quarterly earnings data on Thursday. The company reported ($0.29) EPS for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.70, FiscalAI reports. The company had revenue of $9.05 million for the quarter.

Here are the key takeaways from Quantinuum’s conference call:

• Third-quarter revenue rose 233% year over year to $9.1 million. Quantinuum raised its 2026 revenue outlook to $31 million–$34 million and expects 2027 revenue growth of more than 100%, while targeting over $120 million in full-year 2026 bookings.
• The company reported record logical fidelity on Helios—99.9995%, or five errors per million operations—and said its error-correction results could require 30 times fewer physical qubits to reach target logical error rates. Quantinuum says Sol remains on track for commercial availability in the second half of 2027 and Apollo for 2029.
• Quantinuum signed its largest cloud agreement to date, a multi-year, multi-generation commitment from a global financial institution for access through Apollo and Nexus. It also announced a new hyperscaler agreement and continued expanding its Oracle Cloud collaboration, though it did not detail the new hyperscaler deal’s monetization terms.
• Nexus grew to 215 organizations, up from 180 last quarter, and job submissions increased tenfold over the 12 months through August compared with the prior 12-month period. The company also announced a roadmap intended to carry developers’ applications forward into the fault-tolerant era.
• Adjusted EBITDA loss widened to $80.5 million from $45.3 million a year earlier, while R&D expense more than doubled to $97.5 million as the company invests across its technology stack. Quantinuum ended the quarter with over $1.9 billion in cash and equivalents and no debt.

Quantinuum Stock Up 23.2%

Shares of NASDAQ QNT traded up $6.91 during midday trading on Friday, hitting $36.73. The stock had a trading volume of 2,924,967 shares, compared to its average volume of 2,288,554. The company has a market cap of $9.67 billion and a P/E ratio of -131.18. Quantinuum has a 1-year low of $28.31 and a 1-year high of $86.79. The business has a fifty day moving average of $43.74.

Quantinuum News Roundup

Here are the key news stories impacting Quantinuum this week:

• Positive Sentiment: Quantinuum reported third-quarter revenue growth of 233% year over year and raised its full-year 2026 revenue outlook. Its loss of $0.29 per share was narrower than analysts’ expected $0.99 loss. Quantinuum Q3 results and outlook
• Positive Sentiment: The company cited a record cloud agreement, expanding hyperscaler and Oracle partnerships, and increased adoption of its developer platform—potential signs of stronger future demand. It also reported quantum-computing milestones. Quantinuum Q3 results and outlook
• Neutral Sentiment: Although Cantor Fitzgerald cut its price target to $55 from $90 and Needham lowered its target to $60 from $100, both firms maintained positive ratings—Overweight and Buy, respectively. The reductions may reflect more cautious estimates despite the firms’ continued optimism. Analysts cut forecasts after Q3 results
• Negative Sentiment: The analyst forecast cuts and sharply reduced price targets signal concern about the company’s outlook or valuation, and may weigh on sentiment even as the quarterly results beat expectations.

Institutional Trading of Quantinuum

A number of institutional investors and hedge funds have recently bought and sold shares of QNT. CoreCap Advisors LLC acquired a new stake in Quantinuum in the 3rd quarter valued at $32,000. Fifth Third Bancorp grew its position in Quantinuum by 1,530.2% in the third quarter. Fifth Third Bancorp now owns 1,027 shares of the company’s stock valued at $49,000 after acquiring an additional 964 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Quantinuum by 1,150.0% in the third quarter. IFP Advisors Inc now owns 1,250 shares of the company’s stock valued at $60,000 after purchasing an additional 1,150 shares during the period. Steel Grove Capital Advisors LLC lifted its holdings in Quantinuum by 25.6% in the 3rd quarter. Steel Grove Capital Advisors LLC now owns 5,992 shares of the company’s stock worth $288,000 after buying an additional 1,222 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Quantinuum during the third quarter worth about $97,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein reaffirmed a “hold” rating on shares of Quantinuum in a research note on Wednesday, August 12th. Morgan Stanley upgraded shares of Quantinuum from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $78.00 to $62.00 in a report on Thursday, October 15th. Needham & Company LLC lowered their price objective on shares of Quantinuum from $100.00 to $60.00 and set a “buy” rating for the company in a research note on Friday. Rosenblatt Securities restated a “buy” rating and set a $155.00 price objective on shares of Quantinuum in a report on Thursday, October 22nd. Finally, Cantor Fitzgerald cut their target price on Quantinuum from $90.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday. Thirteen equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.46.

About Quantinuum

Quantinuum is a quantum computing company formed in 2021 through the combination of Honeywell Quantum Solutions and Cambridge Quantum. The company develops full-stack quantum computing technologies designed to support research and commercial applications across industries, including chemistry, materials science, cybersecurity, finance and artificial intelligence.

Its offerings include trapped-ion quantum computers, quantum software and development tools. Quantinuum’s software portfolio includes the TKET quantum compiler, InQuanto quantum chemistry platform, Quantum Origin quantum-enhanced cybersecurity solutions and the Nexus platform for developing and managing quantum applications.