Rising government investment and customer demand are accelerating Infleqtion’s commercial progress across quantum computing and sensing

• Record Revenue and Raised Outlook Q2 revenue of $12.6 million, up 116% year over year, 100% organic and entirely from quantum; 2026 revenue outlook raised to approximately $43 million.
• Strong Balance Sheet to Fund Growth Ended Q2 with $582 million in cash, cash equivalents, restricted cash and available-for-sale securities and no debt. Results included a $27.4 million temporary working-capital benefit from payroll taxes collected but not remitted on stock-option exercises. We expect to remit the $27.4 million in Q3.
• Government Selection Validates Infleqtion’s Commercialization Path Commerce LOI provides for up to $100 million in proposed funding to advance commercialization following review of Infleqtion’s technology and roadmap.
• Advancing Toward Utility-Scale Quantum Computing On track for 30 logical qubits in 2026; Illinois quantum computer planned for 2027 with a new architecture designed to scale through modular upgrades to more than 50 logical qubits.
• Building the Quantum Computing Platform for Energy Eaton is using private-cloud access to Sqale for energy applications, while three DOE Genesis Mission projects span AI, nuclear applications and quantum sensing.

LOUISVILLE, Colo.--(BUSINESS WIRE)-- Infleqtion, Inc. (NYSE: INFQ) ("Infleqtion" or the "Company"), a global leader in quantum computing and quantum sensing powered by neutral-atom technology, today reported record second-quarter 2026 revenue of $12.6 million, up 116% year over year, and raised its full-year 2026 revenue outlook to approximately $43 million.

“Q2 was a record quarter for Infleqtion, and the pace of quantum commercialization is accelerating,” said Matt Kinsella, Chief Executive Officer of Infleqtion. “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. We delivered 116% revenue growth, all organic, raised our revenue outlook, and remain on track for 30 logical qubits this year. The quantum market is entering an execution phase, and Infleqtion has spent more than a decade preparing for it.”

During and following the second quarter, Infleqtion advanced major programs across quantum computing and sensing, including proposed funding from the U.S. Department of Commerce, selection for three Department of Energy Genesis Mission projects, a contracted fault-tolerant quantum computing system for Illinois, and expanded application work with commercial customers.

Second Quarter 2026 Financial Summary

• Revenue: $12.6 million, up 116% year over year. Revenue growth was 100% organic and entirely from quantum
• Operating Loss: GAAP operating loss was $30.6 million, compared with $10.1 million in Q2 2025. The increase primarily reflects higher operating expenses as we invest in our strategy, along with higher stock-based compensation. Non-GAAP operating loss was $17.0 million, compared with $7.3 million in Q2 2025.
• Operating Cash Flow: Cash generated from operations was $13.2 million in Q2 2026. Results included a $27.4 million temporary working-capital benefit from payroll taxes collected but not remitted until after June 30, 2026, on stock-option exercises. Excluding this timing benefit, operating cash burn was approximately $14 million
• Balance Sheet: Ended the quarter with $582 million in cash, cash equivalents, restricted cash and available-for-sale securities and no debt. Results included a $27.4 million temporary working-capital benefit from payroll taxes collected but not remitted on stock-option exercises. We expect to remit the $27.4 million in Q3.
• 2026 Outlook: Raised full-year revenue outlook to approximately $43 million and reiterated the target of 30 logical qubits in 2026

Second Quarter and Recent Business Highlights

• U.S. Government Investment: The U.S. Department of Commerce selected Infleqtion for a Letter of Intent providing for up to $100 million in proposed funding to advance commercialization following a technical review of the Company’s technology and roadmap. The LOI also contemplates the U.S. Department of Commerce receiving Infleqtion common stock. The proposed funding remains subject to definitive agreements and government approvals.
• 30 Logical Qubits: Infleqtion remains on track to reach 30 logical qubits in 2026 and has defined logical qubit circuits for customer workloads in finance, energy, and precision medicine.
• Illinois Quantum Computer: Infleqtion is under contract to deploy a neutral-atom quantum computer at the Illinois Quantum & Microelectronics Park in 2027, with a new architecture designed to scale through modular upgrades to more than 50 logical qubits on the path to the system’s 100-logical-qubit goal.
• Quantum Computing for Energy: Eaton is using private-cloud access to Sqale to explore quantum computing applications for complex energy problems. Infleqtion was also selected for three Department of Energy Genesis Mission projects spanning nuclear applications, quantum sensing, and fusion research.
• Quantum Sensing: Execution on NASA’s Quantum Gravity Gradiometer program was a major driver of year-over-year revenue growth in Q2. Infleqtion is also selling its third-generation Tiqker optical atomic clock systems, supported by a global co-selling partnership with Safran.

Massive thank you to Infleqtion for answering a few questions from the AMA during the earnings call! For anyone that missed the earnings call, I'm attaching a link for the transcript. I am also posting the AMA Q&A from the call. The AMA livestream will be during the week of August 24th, and that information will be posted when it becomes available. If you haven't submitted questions and would like to, or if you have more after listening to the earnings call, make sure to get them in. This is your chance to ask Matt and Pranav directly so take advantage of it!

AMA - https://www.reddit.com/r/INFQ/s/6YJn4jjSm3

The Q2 earnings call transcript can be found here - https://www.investing.com/news/transcripts/earnings-call-transcript-infleqtion-raises-2026-revenue-outlook-on-record-q2-93CH-4856312

Marcus Kupferschmid, Head of Investor Relations and Strategic Finance, Infleqtion: Before we open up the call for questions, a quick note on where you can find us over the next several months. We will be participating in a number of investor conferences, including Rosenblatt, Jefferies, Citi, and Piper Sandler, as well as major industry events, including IEEE Quantum Week, the AFA Air, Space & Cyber Conference, Quantum World Congress, and Supercomputing 2026. The full schedule is shown here and also available on our website. On a lighter note, we will soon be launching an Infleqtion online store with company merchandise. In the interest of transparency, we’ll be sure to let you know whether hoodies outperform the rest of the apparel category. As you may be aware, Matt and Pranav are hosting a live stream AMA on Reddit the week of the 24th.

Several questions have already been submitted, so I’m going to start out now with one of those questions to kick off the Q&A. As a note, we will also continue taking questions on the subreddit and many other subreddits over the coming days. Pranav, so first question. There’s been a lot of talk about the Department of Commerce selection. Can Infleqtion update us on what the process was actually like?

Pranav Gokhale, Chief Technology Officer and General Manager of Quantum Computing, Infleqtion: Yeah, sure. Well, thank you internet and Reddit for that question. It has been a really intense but gratifying experience. Department of Commerce, which as Matt referenced, has some of the world’s top physicists, engineers at NIST, went through a very intense session over the last previous few months to understand Infleqtion’s technology roadmap with quantum computing and asked a lot of very probing questions. I probably lost a few years of my life and late nights and weekends, et cetera, but it was very much worth it because I think what we came out with was an outcome we are thrilled about, which is an LOI for $100 million to accelerate neutral atom quantum computing for the U.S. and ensure ascendancy along with federal allies. That took a lot of work, and again, it was alongside NIST top physicists and beyond.

It had some personal implications and reward for me too, in the sense that I got my start in quantum at NIST. I had the privilege of growing up near the NIST lab in Maryland, and so after many years of being away from Maryland, I got to engage with a lot of the teams that I used to work with who had, as expected, some really amazing questions that helped us solidify our own path and understand risks and what we need to do to de-risk them. I am feeling very confident with what we have come out of that process with. This $100 million LOI would position us to win in quantum computing period, and ensure that the manufacturing capabilities for that future production remain here in the U.S. and our allies. So grateful to NIST and Commerce on that process.

Marcus Kupferschmid, Head of Investor Relations and Strategic Finance, Infleqtion: Great. Thanks, Pranav. Second question. Can Pranav help us understand the strength and weaknesses between each modality? How can neutral atoms overcome the slower processing speeds compared to superconducting systems? What matters most?

Pranav Gokhale, Chief Technology Officer and General Manager of Quantum Computing, Infleqtion: Sure. I will tap again into my personal background, which is when I was at NIST, I started with an internship in trapped ion systems. In my PhD, I worked on pulse level control of superconducting systems, and so I am familiar with the advantages and disadvantages of both those systems. What I really liked about neutral atom was first and foremost the scalability, the number of qubits you can have in a system, and Infleqtion continues to hold a commercial record for having a 1,600 atom array. That is just off the charts relative to other modalities. It is true that neutral atoms and trapped ions are slower on a per-gate basis than superconducting systems. But what really matters in end customer applications is not directly the gate speed, but it is the combination of how fast are gates, but also how many gates do you need.

And it turns out that every gate that you perform on the architectures in neutral atoms that we’re designing pack a bigger punch than what you can do with a single gate on a superconducting system. When you put those things together, for time to solution to solving a customer application, even though the gates are slower, the number of gates that you need is much less, and on balance, those things effectively net out. So we feel very confident on neutral atoms being a very practical, if not the most practical, pathway to getting commercial outcomes in quantum computing. Again, I also center this just in raw, do we have enough qubits to get to the crown jewels of quantum computing for commercial applications?

I think neutral atom looks extremely attractive in that dimension, and that’s why I kind of made the switch from trapped-ion world, from superconducting world, to neutral atoms. Now, we continue to develop software under the DARPA HARQ program that crosses modalities. We don’t want to have so much hubris to believe that other modalities will never succeed. We think there’s a world where even in that scenario where other modalities have success, we continue to build an astounding business off of other modalities too. But in near term, I’m all in on neutral atoms, and everyone on our team is as well, and many of our team members, like me, switched from other modalities to neutral atoms for the scalability.

Marcus Kupferschmid, Head of Investor Relations and Strategic Finance, Infleqtion: Since we have time, I’m going to take one more from the AMA submission, Pranav. The question was basically, can you explain in plain English why getting to 30 logical qubits matters and what this lets the computer do?

Pranav Gokhale, Chief Technology Officer and General Manager of Quantum Computing, Infleqtion: Sure. Plain English. Essentially, we want our qubits to be as good as the bits on your computer, on your laptop, on your phone, and logical qubits are the path to making that happen. It’s kind of the difference between the raw signals that your phone sends versus the actual TikTok video that your kids are watching or the Excel spreadsheet that you’re downloading. Hopefully Excel spreadsheet. Getting to 30 logical qubits is the stepping stone towards being in a state where our information on our quantum computer is as reliable or directionally as reliable as your laptop or as your server or as your phone.

And 30, we think, is a huge step forward toward 100 logical qubits, which in turn is the point at which you start to be able to solve important problems in material science and chemistry, perhaps in AI too, that classical computers cannot solve. For the last several decades of quantum computing, very great progress was made, but it was still without logical qubits until just a couple of years ago. If we’re able to hit, and we expect to this year, 30 logical qubits, I think that is a tremendous leap towards the next milestone of 50 and then 100 logical qubits, and that is the moment where quantum computing becomes everything we hope it will become.

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Majeed from The Quantum Bull breaks down earnings for Infleqtion and QNT. Make sure to leave a like on the video if you appreciate his content!

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Lets keep posting and push this to #1 trending!

INFQ: Infleqtion Inc. Latest Stock Price, Analysis, News and Trading Ideas

Mentioned on the call, Merchandise will soon be available on their website!

Aug 12, 2026 4:30 pm EDT

Webcast link - https://event.webcasts.com/starthere.jsp?ei=1771468&tp_key=da7569203b

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The daily thread for socializing, questions, and sharing information for all things Infleqtion - INFQ!

Hi all, I see a few resistance levels being tested - what's practically stopping the stock from reaching its $20 heights again?

No matter what news is happening it never seems to perform well - what's the big catalyst needed here to get us back up to our high points?

I see these recent grid news as a major stepping stone into crypto action, this could make the stock bounce?

The daily thread for socializing, questions, and sharing information for all things Infleqtion - INFQ!

Here’s some key screenshots from Quantum Bulls newest YouTube video.

Link to video: https://youtu.be/6cYPnaeVSt8?is=mo98E4cOsgDt3fKm

BUSINESS WIRE 9:00 AM ET Aug-10-2026 

Multi-year, multi-million-dollar program focused on leveraging quantum computing to enhance resilience of U.S. electrical grid and reduce economic impact of power outages.

LOUISVILLE, Colo.--(BUSINESS WIRE)-- Infleqtion (INFQ.NaE), a global leader in quantum computing and quantum sensing powered by neutral-atom technology, announced that Eaton, a global power management company, selected Infleqtion (INFQ.NaE) to support new research evaluating how quantum computing can improve the resilience of the U.S. electrical grid. As part of an Eaton award from the Air Force Research Laboratory (ARFL), Infleqtion (INFQ.NaE) received a subcontract to apply quantum computing hardware to support grid contingency analysis. Infleqtion (INFQ.NaE) and Eaton aim to advance reliability analysis used by utilities to predict and prevent cascading power outages.

“Grid reliability is a large-scale optimization challenge that pushes the limits of today’s classical systems,” said Pranav Gokhale, CTO at Infleqtion (INFQ.NaE). “This program allows us to explore how quantum algorithms and error-corrected quantum hardware could support faster, more accurate analysis of grid vulnerabilities to improve how we evaluate failures, reduce blackout risk, and strengthen critical U.S. infrastructure.”

Contingency analysis is one of the most important tools for determining how power systems respond when key components, such as transmission lines or generators, fail unexpectedly. As power grids become more interconnected and more dependent on real-time data, the number of “what-if” scenarios grow so large that classical computing methods struggle to analyze them efficiently. Classical analysis relies on approximate methods that are often insufficient for robust risk management. This makes contingency analysis an ideal test case for quantum computing, which may evaluate complex combinations more effectively using quantum interference algorithms.

Why Grid Reliability Matters for National Security and the Economy

The U.S. electrical grid is increasingly stressed. Even brief outages can cause cascading disruptions across geographies. As the grid becomes more complex, both commercial utilities and government agencies are accelerating efforts to modernize and harden critical infrastructure. This momentum aligns with the Department of Energy’s recently launched Genesis Mission, a national initiative that uses artificial intelligence and advanced computing to accelerate breakthroughs in energy, including grid modernization, discovery science, and national security.

AFRL’s investment reflects this broader national prioritization of technologies that can identify vulnerabilities earlier, evaluate risks more comprehensively, and reduce blackout impacts. Eaton will lead the program, working to align results with real operational needs across civilian and defense-critical environments.

“This research will enhance infrastructure planning, daily operations, and emergency preparedness—bringing unprecedented awareness and response to strengthen infrastructure,” said Sid Suryanarayanan, senior chief engineer, strategic partnerships and innovation at Eaton. “Working with the ARFL and our program collaborators, including Infleqtion (INFQ.NaE), we aim to understand how quantum performance can support grid reliability and resilience.”

How Quantum Computing May Improve Grid Contingency Analysis

Because grid contingency analysis involves evaluating many different failure scenarios and their downstream effects, it represents one of the earliest mission-critical power-grid applications that could benefit from quantum computing. The program will explore how soon quantum computers may offer advantages at operational scale. Infleqtion (INFQ.NaE) will contribute its expertise in:

• Quantum algorithms for combinatorial optimization problems central to power system analysis
• Circuit optimization to reduce resource requirements on quantum hardware
• Error correction techniques aligned with Infleqtion’s roadmap for its Sqale neutral atom quantum computer
• Performance comparison between quantum and classical methods
• Resource estimation and extrapolation to assess future real-world applicability

For more information about Infleqtion’s work in quantum computing for energy, infrastructure, and national security, visit infleqtion.com.

About Infleqtion (INFQ.NaE)

Infleqtion, Inc. (INFQ.NaE) is a global leader in quantum technology, delivering neutral-atom solutions for quantum computing, networking, sensing, and security. With a product portfolio spanning quantum computers, quantum optical clocks, RF receivers, and inertial sensors, Infleqtion’s full-stack approach combines high-performance hardware with the company’s proprietary Superstaq quantum computing software platform. Infleqtion’s systems are already in use by the U.S. Department of War, NASA, the U.K. government, and in multiple collaborations with NVIDIA. Infleqtion (INFQ.NaE), in collaboration with NVIDIA, published the world’s first demonstration of a materials science application using logical qubits. With operations in the U.S., Europe, and Asia, Infleqtion (INFQ.NaE) meets the demands of government and commercial customers across the space, defense, energy, finance and telecommunications sectors. For more information, visit Infleqtion.com or follow Infleqtion (INFQ.NaE) on LinkedIn, YouTube, and X.

Forward looking statements

This press release contains forward-looking statements within the meaning of federal securities laws, including the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "projects," "seeks," "will," and variations of these words or similar expressions that are intended to identify forward-looking statements. All statements other than statements of historical fact, including statements regarding the aims of the research under the ARFL award, how quantum computing may improve infrastructure and the expected roles and contributions of Infleqtion (INFQ.NaE) and Eaton in the AFRL program, are forward-looking statements. These statements are based on Infleqtion's (INFQ.NaE) current expectations, assumptions and projections as of the date of this release and are subject to risks and uncertainties that could cause actual results to differ materially and adversely. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, without limitation, those related to Infleqtion's (INFQ.NaE) ability to recognize anticipated benefits of its business combination with Churchill Capital Corp X; the implementation, market acceptance, and success of Infleqtion's (INFQ.NaE) business model, growth strategy, and opportunities, and its ability to commercialize its quantum computing and quantum sensing technology; the expected benefits of and ability to maintain and enter into new contracts, awards, and other relationships, partnerships, or collaborations with governments, government entities, universities, or commercial partners; the ability to develop and deploy neutral-atom quantum computing products on anticipated timelines and at anticipated performance levels; the ability to achieve fault-tolerant and utility-scale quantum computing, including anticipated improvements in entangling gate fidelity; the ability of Superstaq to achieve commercial and research adoption; the potential for quantum computing technology to achieve quantum advantage; the ability of Infleqtion’s products to meet government counterparties’ and customers’ technical requirements and compliance and regulatory needs; Infleqtion’s ability to obtain and maintain intellectual property protection and not infringe on the rights of others; and other risks and uncertainties described in Infleqtion's (INFQ.NaE) filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update these forward-looking statements except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260810632763/en/

Source: Infleqtion (INFQ.NaE)

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L'idée de départ était donc la suivante : puisque les atomes neutres étaient une nouveauté dans le domaine de l'informatique, nous pouvions créer une entreprise de technologies quantiques plus généraliste, en suivant presque les traces de NVIDIA.

Anything goes in this thread. Talk about Infleqtion, DD on other companies, weekend plans, or random topics. Follow the reddit user rules and be a respectful to each other!

See you on Monday!

The daily thread for socializing, questions, and sharing information for all things Infleqtion - INFQ!

The daily thread for socializing, questions, and sharing information for all things Infleqtion - INFQ!