Infleqtion Reports Record Q1 2026 Revenue; Raises Outlook

Louisville, Colo., Infleqtion (NYSE: INFQ), a global leader in quantum computing and sensing, has announced its financial results for the first quarter of 2026. The company reported record revenue of $9.5 million, representing a 14% increase compared to the previous year. This growth is driven by 100% organic revenue generated from its quantum portfolio, with significant expansion in sectors such as national security, space applications, and hybrid quantum-AI.

Reflecting confidence in its continued momentum, Infleqtion has raised its full-year 2026 revenue guidance to at least $40 million. The company's management highlighted that this positive outlook is supported by robust customer activity across its quantum computing, sensing, and software business lines.

Financial Highlights

• Record Q1 revenue of $9.5 million, marking 14% growth year over year.
• GAAP loss from operations stood at $33.6 million, with a non-GAAP loss from operations of $13.2 million.
• Cash, cash equivalents, and available-for-sale securities totaled $569 million as of March 31, 2026.
• Net cash used in operations was $19.2 million.

Strategic Progress

Infleqtion has achieved several technical and commercial milestones, including collaborations with NASA on the Quantum Gravity Gradiometer Pathfinder mission and hardware upgrades for the Cold Atom Lab on the International Space Station. Additionally, the company has secured new partnerships for quantum-enabled precision timing with Safran Electronics & Defense and continues to see strong demand for its Quantum Spectrum RF sensing platform.