Quantinuum Q3: revenue up 233% and a new logical memory fidelity record

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Quantinuum has reported strong growth alongside a technical milestone. Quantum Computing Report says the company's third quarter revenue rose 233 percent year on year to $9.05 million, and it raised its full year revenue forecast to between $31 million and $34 million

The company reported a net loss of $117.85 million for the quarter and holds $1.94 billion in cash. It expects bookings above $120 million for the year and is targeting more than 100 percent growth in 2027

On the technical side, its Helios system reached 99.9995 percent logical memory fidelity in October, an error rate of five in a million. The article describes this as about 100 times better than the best published result on any other physical qubit type

Its next machine, Sol, is due in the second half of 2027 and targets 100 logical qubits, while key cryogenic parts for Apollo, due in 2029, have been validated. A Helios system in Singapore should be commissioned next spring, and active Nexus organisations rose from 180 to 215

Revenue is still small compared with the losses, which is normal for a company building such ambitious hardware. The logical fidelity figure is the real headline, because reliable logical qubits are the foundation of useful quantum computers. The figures are company reported and forward looking, so watching delivery against the roadmap will matter

Is Quantinuum the frontrunner in quantum computing? And how important are logical qubit records compared with revenue?

Quantinuum Reports Q3 2026 Results: Revenue Soars 233% to $9.1M, Full-Year Outlook Raised, and Back-to-Back Logical Fidelity Records - Quantum Computing Reportquantumcomputingreport.com