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Get filing alertsInfleqtion reports record Q2 revenue of $12.6M (up 116% YoY), raises 2026 outlook to ~$43M
Filed August 12, 2026 · Period ending August 12, 2026 · ~1 min read
Key Changes
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Q2 2026 revenue of $12.6M, up 116% year-over-year, 100% organic and entirely from quantum products; full-year 2026 revenue outlook raised to approximately $43M
Exhibit 99.1 view on EDGAR → -
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U.S. Commerce Dept issued LOI for up to $100M in proposed funding to advance commercialization, following technical review; LOI also contemplates Commerce receiving Infleqtion common stock; subject to definitive agreements and approvals
Exhibit 99.1 view on EDGAR → -
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Under contract to deploy neutral-atom quantum computer at Illinois Quantum & Microelectronics Park in 2027, with new architecture designed to scale through modular upgrades to >50 logical qubits toward 100-qubit goal
Exhibit 99.1 view on EDGAR → -
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Ended Q2 with $582M in cash/equivalents/securities and no debt; disclosed $27.4M temporary working-capital benefit from payroll taxes on stock-option exercises, to be remitted in Q3; Q2 operating cash burn ~$14M excluding timing benefit
Exhibit 99.1 view on EDGAR → -
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Eaton using private-cloud access to Sqale quantum platform for energy applications; selected for three DOE Genesis Mission projects spanning nuclear, quantum sensing, and fusion research
Exhibit 99.1 view on EDGAR →
Summary
Infleqtion reported record second-quarter 2026 revenue of $12.6 million, more than doubling year-over-year with 100% organic growth from quantum products, and raised its full-year 2026 revenue outlook to approximately $43 million. The company also disclosed a Letter of Intent from the U.S.
Department of Commerce for up to $100 million in proposed funding to advance commercialization, following a technical review of Infleqtion's technology and roadmap. The LOI contemplates the Commerce Department receiving Infleqtion common stock and remains subject to definitive agreements and government approvals.
The company ended Q2 with $582 million in cash and no debt, though results included a $27.4 million temporary working-capital benefit from payroll taxes on stock-option exercises that will be remitted in Q3. Excluding this timing benefit, operating cash burn was approximately $14 million in the quarter. Infleqtion is under contract to deploy a neutral-atom quantum computer at the Illinois Quantum & Microelectronics Park in 2027, featuring a new architecture designed to scale through modular upgrades to more than 50 logical qubits on the path to a 100-qubit goal. The company also expanded its energy-sector presence through Eaton's use of its Sqale platform and three DOE Genesis Mission project selections.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Infleqtion announced Q2 2026 financial results; full details in press release Exhibit 99.1.
Added in current filing · verify on EDGAR →
On August 12, 2026, Infleqtion, Inc. (the “Company”) announced its financial results for the quarter ended June 30, 2026.
The company disclosed financial results for the quarter ended June 30, 2026. The 8-K does not provide specific figures; detailed results are contained in the press release furnished as Exhibit 99.1, which is not included in the body text provided.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 13, 2026 · How we verify