Pasqal Reports Third Quarter Business Update
Globe Newswire•06/11/2026•07:00 ET
0
Key Highlights
- ➤Revenue €3.3 million, down from €5.7 million year-over-year
- ➤QPU-related services revenue €3.1 million, up 53% year-over-year
- ➤Booked and awarded business reached €69.8 million as of September 30
- ➤Cash and cash equivalents totaled €312.8 million as of September 30
- ➤Pasqal signed a three-year MOU with LG CNS for quantum-AI integration
Expert Statements
Wasiq Bokhari, Chief Executive Officer of Pasqal
“In the third quarter, we have been focused on the execution of our key priorities. Although the order book and revenue do not show it yet, we have made important progress in our technology roadmap, scaling on-chip photonic control and bringing AI-assisted workflows to Pasqal Cloud. On the commercial front, we see increased traction with our reference customers and have broadened our reach across our three priority verticals. We have increased our pipeline of opportunities across enterprise, sovereign, and public sector customers, which gives us confidence in growing our booked and awarded business. Looking forward to the balance of 2026 and into 2027, we will maintain a disciplined investment approach to scale our capital-efficient business.”
PARIS and NEW YORK, Nov. 06, 2026 (GLOBE NEWSWIRE) -- Pasqal Holding SA (Nasdaq: PSQL), a global leader in neutral-atom based quantum computing, today provided a third quarter 2026 business update, including key financial and operational metrics.
Third Quarter 2026 Metrics(1) * Revenue of €3.3 million vs €5.7 million from the year ago period. The prior year period benefited from €3.2 million revenue recognized from QPU sales, while there were no QPU sales realized in the current period. * QPU-related services revenue(2) of €3.1 million vs €2.0 million from the year ago period, an increase of 53% year-over-year.
Get started
Create a free account to read the full story.