Where it fits in a quantum computer
Sells on-premises superconducting quantum computers built on chips from its proprietary fab: 26 systems sold and 17 delivered since its 2018 founding, including a first U.S. delivery to Oak Ridge National Laboratory in June 2026, and it is investing more than €40 million to double cleanroom capacity to up to 30 full-stack systems a year. H1 2026 revenue was €8.9 million, the order backlog passed €102 million by Aug 3, and it targets €42–47 million of 2026 revenue (Aug 4, 2026).
What the evidence establishes
Quantum-computing evidenceDisclosed: IQM’s listing and H1 2026 results releases describe its fab expansion, systems sold and delivered, backlog and guidance.
An explicit quantum-computing product, design-in, supply role, program or partnership, such as a part sold for quantum computers or a named quantum-computer customer. For a maker, it means the company’s own quantum computers or processors. This does not establish revenue, market share, volumes or future sourcing.
Listed as a quantum-computer maker for its own systems, not as a supplier of the parts inside.
| Component role | Full-stack superconducting computers from its own fab |
|---|---|
| Evidence | Disclosed: IQM’s listing and H1 2026 results releases describe its fab expansion, systems sold and delivered, backlog and guidance. |
| How we know | Disclosed The company’s own filing, release, annual report, product page or investor record describes the quantum-computing role. Where customers are unnamed, the listing says so. |
| Primary source | IQM Quantum Computers — supporting disclosure Company or official disclosure; vendor claims are attributed to their source. |
| Checked | . This is the research review date, not the source publication or quote time. |
Keep in perspective
The H1 2026 operating loss was €60.5 million and the 2026 revenue range is guidance, not a result. IQM does not give system sizes or prices behind the 26 systems sold.
Specialist business exposure. This describes the breadth or role of the business; it is not an investment rating. A quantum-computing product, design-in or partnership does not by itself establish material quantum revenue, market share, or future returns.
Connections to the assembly
These links explain the technology relationship. The model is illustrative and does not represent an actual manufacturer’s bill of materials.
Qubit chip
A silicon die patterned with about a hundred superconducting transmon qubits, the tunable couplers between them and a readout resonator for each. The quantum state lives in these circuits.
Scope of the company links: The qubit die. Makers that design and fabricate their own superconducting chips come first: IBM (Nighthawk links 120 qubits with 218 tunable couplers; wafers made at a 300 mm facility in Albany, where its company Anderon runs a pure-play quantum wafer foundry), Google (105-qubit Willow from its Santa Barbara fab), Rigetti (Fab-1, chiplet-based Cepheus systems, Novera QPUs sold to others), IQM (chips from its own clean room), D-Wave (superconducting annealing QPUs whose wafers SkyWater makes), AWS (the Ocelot cat-qubit prototype) and Fujitsu (a 256-qubit chip co-developed with RIKEN). IonQ is mapped only because it has owned SkyWater, D-Wave’s wafer foundry, since July 31, 2026. GlobalFoundries (a quantum foundry business launched in May 2026 with photonic, ion-trap and spin-qubit partners, developing superconducting processes) and STMicroelectronics (Quobly’s silicon spin-qubit devices in Crolles) are foundries, and Intel’s 12-qubit Tunnel Falls is a silicon spin chip. Trapped-ion, neutral-atom and photonic machines use different hardware and sit under makers. QuantWare, Oxford Quantum Circuits, Quobly and Qolab are private; research fabs such as imec and MIT Lincoln Laboratory are not companies and are not mapped.
Related research
Companies with overlapping sector exposure. Their products and evidence may differ; this is not a list of equivalent investments.
- G
Alphabet (Google)
GOOGL · NASDAQWillow superconducting chip from its own Santa Barbara fab
Quantum-computing evidence - a
Amazon
AMZN · NASDAQOcelot cat-qubit chip prototype and Amazon Braket
Quantum-computing evidence - AM
Applied Materials
AMAT · NASDAQMaterials and wafer-level fab for superconducting qubits
Quantum-computing evidence - DW
D-Wave Quantum
QBTS · NASDAQAdvantage2 annealers and gate-model superconducting QPUs
Quantum-computing evidence - Fu
Fujitsu
6702.T · TSE256-qubit superconducting computer developed with RIKEN
Quantum-computing evidence