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Get filing alertsQuantum Computing reports Q2 revenue surge to $5.6M, completes NHanced acquisition
Filed August 10, 2026 · Period ending August 10, 2026 · ~1 min read
Key Changes
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Q2 2026 revenue reached $5.6M, up from $61K in Q2 2025 and $3.7M in Q1 2026, driven by photonics product sales across aerospace, government, and industrial applications.
Exhibit 99.1 view on EDGAR → -
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Completed NHanced Semiconductors acquisition for $73.1M in cash and stock, plus up to $72M in earnouts, launching Fab 2 ahead of schedule and expanding advanced packaging capabilities.
Exhibit 99.1 view on EDGAR → -
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Q2 net loss narrowed to $11.8M ($0.05/share) from $36.5M ($0.26/share) in Q2 2025, primarily due to smaller warrant derivative mark-to-market loss ($1.7M vs. $28M).
Exhibit 99.1 view on EDGAR → -
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Cash position at $1.3B as of June 30, down from $1.5B at year-end 2025, reflecting $180M deployed across three acquisitions (Luminar Semiconductor, NuCrypt, NHanced).
Exhibit 99.1 view on EDGAR → -
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Contract backlog stood at $42.5M as of June 30, 2026, providing near-term revenue visibility.
Exhibit 99.1 view on EDGAR →
Summary
Quantum Computing Inc. reported a sharp revenue acceleration in Q2 2026, reaching $5.6 million versus just $61 thousand in the year-ago quarter. The growth came primarily from photonics product sales serving aerospace, government, and industrial markets—technologies that support the company's quantum roadmap while generating near-term revenue.
The quarter also saw completion of the NHanced Semiconductors acquisition for $73.1 million upfront (plus potential earnouts up to $72 million), bringing advanced packaging and semiconductor manufacturing capabilities in-house and launching Fab 2 ahead of schedule.
The net loss narrowed substantially to $11.8 million from $36.5 million a year earlier, driven largely by a smaller mark-to-market swing on warrant derivatives ($1.7 million versus $28 million). Cash declined from $1.5 billion at year-end to $1.3 billion, reflecting $180 million deployed across three acquisitions in the first half. With a $42.5 million contract backlog and an expanded manufacturing footprint, the company is positioning for continued revenue growth, though profitability remains a future milestone. Investors should monitor whether the photonics revenue stream scales and whether the NHanced integration delivers the anticipated synergies.
Section-by-Section Diff
Event · Exhibit 99.1
Quantum Computing Inc. reports Q2 2026 revenue of $5.6M (up from $61K in Q2 2025), completes NHanced acquisition, and ends quarter with $1.3B cash.
Added in current filing · view on EDGAR →
As of June 30, 2026, contract backlog was approximately $42.5 million.
Quantum Computing Inc. reported a contract backlog of approximately $42.5 million as of June 30, 2026, indicating future revenue visibility from signed contracts not yet recognized as revenue.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 11, 2026 · How we verify