Quantinuum Inc (NASDAQ:QNT) on Thursday posted upbeat results for the third quarter.
The company reported quarterly losses of 29 cents per share which beat the analyst consensus estimate of losses of 36 cents per share. The company reported quarterly sales of $9.050 million which beat the analyst consensus estimate of $8.048 million.
Quantinuum raised its FY2026 sales guidance from $28.000 million-$32.000 million to $31.000 million-$34.000 million.
“In the third-quarter, we extended our technology leadership in the critical area of fault-tolerance, added to our customer base, and expanded our routes to market,” said Rajeeb Hazra, President and Chief Executive Officer of Quantinuum. “This accelerated momentum is supporting our raised revenue outlook for 2026 and giving us more confidence than ever in the opportunity in front of us.”
Quantinuum shares jumped 8.1% to $32.23 in pre-market trading.
These analysts made changes to their price targets on Quantinuum following earnings announcement.
- Needham analyst N. Quinn Bolton maintained the stock with a Buy and lowered the price target from $100 to $60.
- Cantor Fitzgerald analyst Troy Jensen maintained the stock with an Overweight rating and cut the price target from $90 to $55.
Considering buying QNT stock? Here’s what analysts think:
Photo via Shutterstock
Recent Comments