Infleqtion raises Q2 revenue to $13.5 million

• Infleqtion updated Q2 2026 revenue to $13.5 million from $12.6 million after changing revenue-recognition timing for two government contracts.
• GAAP operating loss was revised to $29.9 million, while Infleqtion said the accounting changes had no impact on cash or underlying business assumptions.
• Infleqtion raised its 2026 revenue outlook to approximately $45.1 million from $43 million to reflect the non-cash accounting adjustments.

Infleqtion (NYSE:INFQ) updated Q2 2026 revenue to $13.5 million, up 157% year-over-year, after adjusting revenue recognition for two government contracts.

The revised figure increased from the $12.6 million initially reported on August 12, while GAAP operating loss improved to $29.9 million from the previously reported $30.6 million.

Infleqtion said the revisions shifted revenue between reporting periods without affecting cash, while its non-GAAP operating loss was updated to $16.2 million from $17 million previously.

Infleqtion now expects approximately $45.1 million of 2026 revenue versus $43 million previously.

Infleqtion ended Q2 with approximately $582 million in cash, restricted cash and available-for-sale securities and said it had no debt, while maintaining its 2026 target of 30 logical qubits.

The company has also been selected for proposed U.S. Commerce Department funding of up to $100 million and is working on quantum programs involving NASA, the Department of Energy and Eaton.