Quantinuum provides both quantum hardware and software. Its H1-1 processor runs any quantum program, and TKET is an architecture-independent stack that lets developers design circuits usable on different quantum devices. It adds quantum-secure protection by delivering encryption keys hardened for quantum threats at the device level. Its goal is to help real-world problems like fast drug development, new materials design, and supply-chain optimization, while keeping data safe from evolving cyber threats.
Company Size
501-1,000
Company Stage
IPO
Headquarters
Cambridge, United Kingdom
Founded
2021
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D-Wave Quantum and Quantinuum are experiencing significant share price declines as investor appetite for speculative quantum computing stocks wanes. QBTS has fallen 27.7% over three months, whilst QNT dropped 25.1%. The Federal Reserve raised its benchmark rate by 25 basis points to 3.75%-4.00% on 16 September, its first increase since July 2023. Combined with Brent crude exceeding $100 per barrel and 10-year Treasury yields nearing 5%, the macro environment has turned hostile for high-duration technology stocks. D-Wave reported second-quarter revenues of $3.1 million, flat year over year, though bookings rose 59%. Its adjusted EBITDA loss widened 85% as development spending increased. Quantinuum's second-quarter revenues jumped 279%, with projected 2026 revenues of $28-$32 million. However, its adjusted EBITDA loss reached $68 million. Management does not expect positive free cash flow until later this decade.
Sandia, Quantinuum, and NVIDIA introduce QUOPS framework to benchmark physical and logical quantum performance. A research collaboration led by Sandia National Laboratories, in partnership with Quantinuum and NVIDIA, has introduced the Quantum Universal Operations Performance System (QUOPS). Detailed in a multi-institution paper published on arXiv (arXiv:2609.12146), QUOPS is an architecture-agnostic benchmarking framework designed to measure integrated quantum computer performance across both physical- and logical-qubit platforms, addressing limits in traditional component-level metrics such as raw qubit count or isolated gate fidelities. QUOPS evaluates full system execution - incorporating compilation, error correction, syndrome decoding, and error mitigation - by executing randomized layers of arbitrary-angle single-qubit rotations, RP(θ), and CNOT gates across varying circuit widths (w) and depths. The benchmark yields two top-level system metrics: Q (QUOPS score), which defines the maximum circuit size s = 2 x w x depth successfully executed within a utility-motivated geometric volume (w[2] <= s <= w[3]) at a minimum mean process polarization threshold of 1/√e ≈ 61%; and Ω (QUOPS rate), which measures the net operational throughput in executed operations per second while accounting for sampling overheads from error mitigation or postselection. The publication provides direct cross-platform baseline measurements across leading hardware: Quantinuum's Helios-1 achieved a physical score of Q = 1,504 (1,824 under leakage postselection), Google's Willow achieved Q = 216 at 2.0 x 10[7] QUOPS/s, and IBM's ibm_boston reached Q = 204 at 3.1 x 10[5] QUOPS/s. Additionally, the team executed QUOPS on a fully fault-tolerant logical architecture using up to 8 Steane-encoded [[7,1,3]] logical qubits on Helios-1, demonstrating logical Clifford+T circuit execution with active magic-state injection and syndrome extraction to achieve Q = 40 at Ω = 4.9 QUOPS/s. By mapping resource requirements for canonical utility challenge problems into effective QUOPS circuit sizes - estimating targets of Q ≈ 2.5 x 10[8] for factoring RSA-2048 and Q ≈ 3.4 x 10[8] for FeMoco energy eigenvalue calculations - the framework quantifies the 5-order-of-magnitude gap remaining between contemporary hardware and utility-scale application requirements, establishing a standardized metric for government procurement, hardware roadmaps, and fault-tolerant architectural verification. Review the technical overview on Quantinuum here, access the peer-reviewed preprint on arXiv here, and inspect open-source benchmark implementations on GitHub here. September 14, 2026
Quantinuum finalizes $100 million CHIPS Act R&D award to accelerate trapped-ion manufacturing. Trapped-ion quantum hardware developer Quantinuum (NASDAQ: QNT) has finalized a definitive agreement with the U.S. Department of Commerce's CHIPS Research and Development Office to receive $100 million in direct federal R&D funding under the CHIPS and Science Act. Following the initial letter of intent announced in May 2026, the finalized award provides capital to strengthen domestic semiconductor manufacturing capabilities, advance integrated optics, and scale fault-tolerant quantum computers built on Quantinuum's Quantum Charge-Coupled Device (QCCD) architecture. The federal funding supports specific supply chain expansion initiatives designed to transition trapped-ion processing units from discrete optical setups toward volume-manufacturable semiconductor platforms. Quantinuum is enlisting GlobalFoundries to fabricate its next-generation ion traps and control electronics using 300mm wafer semiconductor fabrication lines. Simultaneously, the company is partnering with Monarch Quantum to develop and manufacture integrated photonic light engines, co-packaged lasers, and optical components engineered to replace bulk free-space laser optics. By shifting trap fabrication to commercial foundries and integrating optical control directly onto the chip, the collaborative effort aims to reduce physical component complexity, improve gate reproducibility, and establish a resilient domestic supply chain for utility-scale quantum hardware. The transaction represents Quantinuum's participation in the broader $2 billion federal CHIPS Act initiative designed to secure U.S. semiconductor and quantum hardware manufacturing sovereignty. Review the official press release here, access its previous coverage of the initial U.S. Department of Commerce CHIPS Act Quantum Allocations here, and examine its analysis of GlobalFoundries' Onshore Quantum Hardware Manufacturing Unit here. September 8, 2026
Quantinuum secures USD$100M CHIPS award for quantum computer manufacturing. The project will leverage partnerships to expand Quantinuum's U.S. supply chain 2 hours ago Quantinuum (NASDAQ: QNT) has finalized an agreement with the U.S. Department of Commerce for USD$100 million in federal quantum computing funding. The company said Tuesday the award will support research and domestic manufacturing for its trapped-ion quantum computers. Additionally, the funding comes through the CHIPS and Science Act. Quantinuum plans to use the money to develop technology needed for large-scale, fault-tolerant quantum computers. The agreement follows a letter of intent announced in May. Meanwhile, the project will expand Quantinuum's U.S. supply chain through partnerships with GlobalFoundries Inc. (NASDAQ: GFS) and Monarch Quantum. The companies will supply semiconductor, laser and optical technologies for future quantum systems. Quantinuum builds computers that use electrically charged atoms, called ions, as quantum bits or qubits. Conventional computers store information as bits representing either zero or one. Quantum computers work differently because qubits can represent combinations of zero and one while calculations are underway. Consequently, researchers can manipulate groups of qubits to tackle certain problems differently from conventional machines. Quantinuum traps individual ions using electromagnetic fields and controls them with precisely aimed lasers. The ions act as qubits while their quantum states carry information through a calculation. However, quantum states are extremely fragile, and environmental disturbances can introduce errors into calculations. Fault-tolerant systems use error-correction techniques designed to detect and repair those mistakes without destroying the quantum information. Quantinuum said the federal award will help develop the manufacturing infrastructure required to scale that approach. Additionally, the company wants to improve the reliability and repeatability of components used across its machines. Quantinuum building supply chain needed to scale fault-tolerant systems. GlobalFoundries will become one of several foundries producing Quantinuum's next-generation ion traps and supporting electronics. The partnership will also focus specifically on manufacturing components using 300-millimetre wafer technology. GlobalFoundries chief executive Tim Breen said semiconductor manufacturing expertise could help Quantinuum make its trapped-ion hardware more scalable and reliable. He also connected the partnership to expanding American quantum technology manufacturing. Meanwhile, Monarch Quantum plans to develop and manufacture lasers and optical components for Quantinuum's systems. The companies aim to replace complicated optical arrangements with more integrated photonics technology. Monarch Quantum chief executive Timothy Day said large trapped-ion systems require scalable and dependable optical hardware. Further, the partnership aims to strengthen the domestic supply chain supporting those components. Quantinuum chief executive Rajeeb Hazra described the award as recognition of the company's trapped-ion technology. He said Quantinuum and its partners are building the supply chain needed to scale fault-tolerant systems.
Quantinuum finalizes $100 million CHIPS R&D award with U.S. Department of Commerce to advance trapped-ion quantum computer manufacturing in the US. Sep 08, 2026, 07:30 ET * The federal funding supports critical R&D and U.S. quantum semiconductor manufacturing capabilities needed to scale fault-tolerant trapped-ion quantum computing. * Company partnering with GlobalFoundries to fabricate next-gen ion traps and control electronics, and Monarch Quantum to develop and manufacture reliable lasers and optical components. WASHINGTON, Sept. 8, 2026 /PRNewswire/ - Quantinuum (Nasdaq: QNT), a leading quantum computing company, today announced it has finalized an agreement with the U.S. Department of Commerce's CHIPS Research and Development Office for $100 million in federal funding deployed through the CHIPS and Science Act. The award, which follows a letter of intent announced in May, supports R&D and U.S. quantum semiconductor manufacturing capabilities needed to deploy large-scale, fault-tolerant trapped-ion quantum computers. Quantinuum, which was the only company with a trapped-ion based architecture to be awarded CHIPS R&D funding, develops the world's most accurate commercial[[1]] computers with industry-leading error correction fidelity.[[2]] The company leverages established semiconductor manufacturing processes to help ensure reliability, repeatability, and scalability of the company's current and future quantum computers. "This award is a validation of Quantinuum's leadership in trapped-ion quantum computing," said Dr. Rajeeb Hazra, President and CEO of Quantinuum. "Together with our domestic partners, we are building the technology and supply-chain foundation needed to scale fault-tolerant systems and strengthen America's leadership in this strategically important field." The award will support R&D that the company expects to help strengthen and diversify its supply chain, adding onshore partners GlobalFoundries and Monarch Quantum. GlobalFoundries will be one of several of Quantinuum's foundries enlisted to fabricate its next-generation ion traps and other electronics, specifically focused on using 300mm wafer technology; Monarch Quantum plans to develop and manufacture scalable, reliable lasers and optical components required for Quantinuum's trapped-ion systems. "As quantum computing moves closer to commercial scale, manufacturing will be critical to unlocking its full potential," said Tim Breen, CEO of GlobalFoundries. "GlobalFoundries is proud to partner with Quantinuum to help scale their trapped-ion technology. By bringing our expertise in high-volume, differentiated semiconductor manufacturing, we're helping create a path to more scalable, reliable quantum hardware and advancing the next generation of American innovation." "The road to large-scale, trapped-ion quantum computers relies on moving away from complex, sprawling optical setups to scalable, reliable integrated photonics engines," said Dr. Timothy Day, CEO of Monarch Quantum. "We are honored to expand our partnership with Quantinuum to advance their hardware roadmap and to help strengthen U.S. leadership in quantum computing manufacturing and supply chain resilience." Together, these efforts are intended to reduce system complexity and improve component robustness, reliability, and reproducibility, ultimately supporting the continued scaling of trapped-ion quantum computers, while strengthening domestic capability across critical photonics and semiconductor manufacturing. About Quantinuum Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry's highest accuracy levels based on average two-qubit gate fidelity.[[3]] Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally. The company has a global workforce of over 800 employees, including top scientists and researchers. Quantinuum's headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore. For more information, please visit www.quantinuum.com. Cautionary Statement Concerning Forward-Looking Statements This press release contains certain statements that may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future," "will," "seek," "foreseeable," the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. For additional information on these and other risks that could affect Quantinuum's forward-looking statements, see Quantinuum's risk factors discussed in its filings with the U.S. Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the period ended June 30, 2026, as such risk factors may be updated from time to time. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. [[1]] Based on physical two-qubit gate fidelity as of December 31, 2025, according to the 2025 Ransford et al. study. [[2]] As of February 25, 2026, according to the 2026 Dasu et al. study. [[3]] As of December 31, 2025.