thequantuminsider.com
Pasqal Reports Third-Quarter Revenue Decline as QPU Services Revenue Grows
Pasqal Holding SA reported €3.3 million in third‑quarter 2026 revenue, a decline from €5.7 million a year earlier, while QPU‑related services revenue rose 53% to €3.1 million. The company logged €69.8 million in booked and awarded business and held €312.8 million in cash and equivalents as of September 30, 2026. Key developments include an AI‑assisted workflow on Pasqal Cloud, progress in photonic integrated circuits for trapped atoms, and new partnerships targeting industrial chemistry and AI infrastructure.