IQM Books €42.2 Million in Orders as Quarterly Revenue Rises 51% in Q3 2026

thequantuminsider.com Nov 5, 2026

IQM Books €42.2 Million in Orders as Quarterly Revenue Rises 51% in Q3 2026

Curated by Shubham · TechCapsules · Nov 5, 2026

AI-summarised brief · reviewed before publication

IQM reported a 51% rise in Q3 2026 revenue to €8.9 million, driven by a €33 million contract for its Halocene quantum platform. New orders totaled €42.2 million, boosting the backlog to €102.5 million, up 52% from the year’s start. The company expanded sales to South America and Japan, maintaining its full‑year revenue forecast of €42–47 million. Net loss widened to €152.6 million, largely due to a €127.1 million share‑listing expense, while research and sales spending increased.

💡 Why It Matters

· The surge in orders signals growing commercial confidence in quantum computing, positioning IQM as a key supplier for AI and scientific research worldwide.
· This momentum could accelerate the deployment of error‑corrected quantum systems, reshaping high‑performance computing and advanced materials discovery.

Capsules Quantum Computing

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Horizon Quantum Plans to Acquire Entropica Labs for $27 Million

Horizon Quantum Holdings Ltd. (Nasdaq: HQ) announced a non‑binding letter of intent to acquire Singapore‑based quantum software firm Entropica Labs for roughly $27 million, payable in Horizon Quantum Class A ordinary shares. The deal focuses on Entropica’s expertise in quantum error correction and fault tolerance. Completion hinges on due diligence, audits, definitive agreements, and customary closing conditions. The acquisition would expand Horizon Quantum’s software infrastructure portfolio and strengthen its position in the emerging quantum computing market.

💡 The purchase signals a strategic push toward advanced quantum error‑correction capabilities, a critical hurdle for practical quantum systems. It also underscores the growing consolidation trend in the quantum software sector, potentially accelerating commercial deployment of quantum technologies.

thequantuminsider.com · Nov 5

Majorana qubits explained: The Quantum Kid goes inside Microsoft’s quantum lab

The Quantum Kid’s new episode takes 10‑year‑old Kai through Microsoft’s Lyngby quantum lab, where the company builds Majorana chips that aim to protect quantum information from errors. Vice President Lauri Sainiemi guides him from atom‑by‑atom material growth in a molecular beam epitaxy chamber, through nanowire patterning in a clean room, to cryogenic testing in ultra‑cold “chandelier” fridges. The episode highlights Microsoft’s recent launch of Majorana 2, which promises a thousand‑fold increase in qubit reliability and a 2029 target for a scalable quantum computer.

💡 By turning theoretical Majorana physics into tangible hardware, Microsoft could set a new standard for error‑resistant qubits, potentially accelerating the arrival of practical quantum computing.

thequantuminsider.com · Nov 5

FCA to Test Quantum Machine Learning for Fraud and Money Laundering Detection

The UK Financial Conduct Authority will establish a Quantum Experimentation Group in early 2027 to assess quantum computing’s role in detecting money laundering and fraud. The regulator invites financial firms, quantum technology companies, and national research labs to join by 31 December 2026. Participants will test quantum machine learning on an FCA‑generated synthetic dataset, overcoming data access barriers. The initiative aims to identify practical applications, evaluate technical limits, and inform future regulatory guidance on quantum technologies in financial services.

💡 By pioneering regulator‑led quantum trials, the FCA sets a precedent for integrating cutting‑edge tech into crime‑prevention frameworks, potentially reshaping compliance standards across the industry.

thequantuminsider.com · Nov 5

Quantinuum Maps Nexus Expansion Ahead of Planned 2029 Fault-Tolerant Computer

Quantinuum announced a roadmap to evolve its Nexus platform into the quantum industry’s first developer environment tailored for the fault‑tolerant era, aligning software upgrades with its 2029 Apollo computer. The plan will automate error correction, resource management, and deployment across hybrid quantum‑classical workflows, expanding support for applications that combine both paradigms. Since its 2024 launch, Nexus has grown to over 200 organizations, a 45% increase in 2026, and job submissions have risen more than tenfold year over year. The company’s full‑stack approach aims to translate hardware advances into immediate customer capabilities.

💡 By integrating fault‑tolerant features into a unified development platform, Quantinuum lowers the barrier for enterprises to adopt quantum technology, potentially accelerating real‑world applications that rely on reliable, large‑scale quantum processors.

thequantuminsider.com · Nov 5

Oak Ridge National Laboratory, IBM And AMD Launch New Co-Design Platform for…

IBM, Oak Ridge National Laboratory’s Quantum Science Center, and AMD announced a co‑design platform that tightly couples IBM’s quantum processors with Oak Ridge’s Umbra high‑performance computing system. The initial deployment links IBM’s 120‑qubit Nighthawk quantum computer to Umbra’s AMD Instinct MI355X GPUs and 5th‑Gen EPYC CPUs, providing the classical resources needed to test quantum error‑correction algorithms, decoding strategies and workflow orchestration. The collaboration targets the Department of Energy’s Quantum Genesis Mission goal of achieving 100 logical qubits capable of 100,000 hard operations by late 2028. IBM has already demonstrated up to 70 logical qubits and 438 hard operations, highlighting the need for a roughly 230‑fold increase in operation count. Researchers will use the platform to evaluate scalable integration of quantum and classical computing and to build more reliable quantum systems.

💡 By uniting leading quantum hardware with cutting‑edge classical supercomputing, the platform creates a testbed that can accelerate the leap from experimental error correction to practical, large‑scale quantum computation.

quantumcomputingreport.com · Nov 5

University of Cologne Uncovers Spectroscopic Evidence of Topological Superconductivity in TI Josephson…

Physicists at the University of Cologne, together with theorists from RWTH Aachen, performed tunneling spectroscopy on BiSbTeSe₂‑based topological‑insulator Josephson junctions and observed a phase‑controlled closing and reopening of the induced superconducting gap. The experiment, published in Science Advances, provides the first local spectroscopic confirmation of the 2008 Fu‑Kane model, demonstrating that Majorana‑compatible zero‑energy modes can appear without applying destructive Zeeman fields. By embedding a 50 nm planar junction in an RF‑SQUID loop, the team varied the superconducting phase φ with out‑of‑plane flux and recorded a 130 µeV gap at φ = 0 that vanished near φ = π, producing a zero‑bias feature. Dual tunnel probes tracked vortex‑induced phase periodicities, confirming localization of zero‑energy states at phase gradients. The authors note that the current energy resolution (≈30 µeV) limits proof of a truly gapless transition and propose using niobium electrodes and charge‑sensing electrometry to achieve the 4π‑periodic parity flips required for topological qubits.

💡 Demonstrating phase‑tuned gap closure without magnetic fields offers a cleaner route to Majorana modes, sidestepping the false‑positive signals that have plagued nanowire approaches.