Infleqtion reports record Q2 revenue up 116% YoY, raises FY2026 outlook to ~$43M

Infleqtion, Inc.

Q2 revenue $12.6M, up 116% YoY, 100% organic and entirely from quantum.
GAAP operating loss $30.6M vs $10.1M in Q2 2025; non-GAAP operating loss $17.0M vs $7.3M.
Cash and securities $582M, no debt; includes $27.4M temporary payroll-tax benefit on option exercises, remit in Q3.
Raised 2026 revenue outlook to ~$43M; on track for 30 logical qubits in 2026; Illinois quantum computer planned 2027.
Commerce LOI up to $100M proposed funding for commercialization; selected for three DOE Genesis Mission projects.

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