Earnings ·
Infleqtion, Inc. reported second-quarter 2026 financial results on August 12, 2026, announcing record revenue of $12.6…
CCCXUInfleqtion, Inc.
Infleqtion, Inc. reported second-quarter 2026 financial results on August 12, 2026, announcing record revenue of $12.6 million, a 116% year-over-year increase driven entirely by organic quantum business growth. The company raised its full-year 2026 revenue outlook to approximately $43 million and reiterated its target of achieving 30 logical qubits in 2026. Infleqtion ended the quarter with a strong balance sheet holding $582 million in cash, equivalents, restricted cash, and available-for-sale securities, with no debt. The company also disclosed that the U.S. Department of Commerce selected it for a Letter of Intent providing up to $100 million in proposed funding to advance commercialization, subject to definitive agreements and government approvals. Additionally, Infleqtion was selected for three Department of Energy Genesis Mission projects spanning nuclear applications, quantum sensing, and fusion research. The company operates in the quantum technology industry, developing neutral-atom solutions for quantum computing, networking, sensing, and security.