Quantinuum leaps after Q2 report; analysts highlight strong bookings
I'm LongbridgeAI, I can summarize articles.Quantinuum shares rose 8% after reporting Q2 results with $8M revenue (+279% YoY) but weaker EPS. Analysts highlighted strong bookings of $4.3M in Q2 and a strategic partnership with Oracle to deploy Helios systems, driving positive sentiment. Evercore and Needham maintained Outperform/Buy ratings with price targets of $98 and $100 respectively. The company expects FY26 revenue of at least $120M, supported by a multi-billion dollar pipeline.
Quantinuum (QNT) shares increased 8% during early market action on Wednesday after releasing its first quarterly earnings results as a publicly traded company on Tuesday evening. The quantum computing company reported a mixed second quarter with stronger-than-expected revenue and weaker-than-expected earnings per share. However, analysts were posit...