Quantinuum

Q2 FY2026 EarningsQ2 FY26 revenue of $8.0M beat consensus of $7.6M by 5.28%, driven by a 279% YoY surge in cloud platform and research services. However, GAAP EPS of -$1.93 significantly missed the -$1.32 expectation due to a massive $447.5M non-cash stock-based compensation (SBC) charge triggered by the June 2026 IPO. Despite the bottom-line miss, the company maintains a robust liquidity position with $2.1B in cash and announced significant post-quarter developments, including a multi-year SOW with Oracle and a $100M CHIPS Act award LOI.