IQM Quantum Computers Oyj · OMXHEX:IQMX
IQM Quantum Computers Oyj — Q2 & H1 2026 Earnings Presentation
24 slides from IQM Quantum Computers Oyj's earnings presentation, Aug 4, 2026
Slide 1: Q2 & H1 Financial Results
/iqm.tech/ /iqm.tech/ Earnings Presentation Q2 & H1 Financial Results August 4, 2026 PUBLIC
Slide 2: Disclaimer
/iqm.tech/ /iqm.tech/ Disclaimer This presentation contains “forward-looking statements” within the meaning of the U.S. federal securities laws and “forward-looking information” within the meaning of applicable non-U.S. securities laws. These forward-looking statements reflect IQM’s current expectat
Slide 3: Our mission and key facts
/iqm.tech/ /iqm.tech/ Our mission: “We build world leading quantum computers for the well-being of humankind, now and for the future…” Industrial leader Financial momentum Global talent 50+ EUR 8.9M 400+ Systems built H1 2026 revenue1 Employees One of the only European players 47% year over year gro
Slide 4: Three core themes underpinning our success so far this year
Commercial traction Product development Financial strength /iqm.tech/ /iqm.tech/ Three core themes underpinning our success so far this year Commercial traction Systems built and delivered, bookings and growing revenues Product development Consistent delivery against a roadmap scaling toward million
Slide 5: Adoption accelerating across three key archetypes
Product development /iqm.tech/ /iqm.tech/ Adoption is accelerating across three key archetypes, powered by our superconducting speed advantage and recent acquisition NON-EXHAUSTIVE Selected collaborations Quantum Driven by heavy Simulation infrastructure investments from advanced materials science a
Slide 6: A unique and diversified product portfolio
Product development /iqm.tech/ /iqm.tech/ A unique and diversified product portfolio designed to deliver for every customer type 1 Product line Spark Radiance Halocene …still to come Target HPC, research institutes, national HPC, national programs, early HPC, data centers, Customers Universities, la
Slide 7: Open and modular cloud platform IQM Resonance
Product development /iqm.tech/ /iqm.tech/ Our open and modular cloud platform provides state-of-the-art tools for enterprises and developers to accelerate quantum adoption → Multi platform cloud accessible → Multi-language → Multi-vertical use-case libraries Unique to IQM ResonanceTM platform Access
Slide 8: Broad customer base stimulates ecosystem and structural lock in
Commercial traction /iqm.tech/ /iqm.tech/ Broad customer base stimulates ecosystem and creates structural lock in Today 26 17 4 out of Top 10 Total systems sold1 Systems delivered1 supercomputing centers globally as customers Finland IQM has sold, delivered and installed the most quantum Germany sys
Slide 9: Production Quantum: Industrial by Design
Commercial traction /iqm.tech/ Enabled by Production Quantum: Industrial by Design, Built for Data- /iqm.tech/ Center Speed, Scale and Stability Single-Qubit Gate error Readout CZ Error rates 10-1 10-2 10-3 2025/07 2025/09 2025/11 2026/01 2026/03 2026/05 2026/07 Time Continuous error-rate monitoring
Slide 10: Faster innovation cycles through full-stack thinking
Commercial traction /iqm.tech/ /iqm.tech/ Faster innovation cycles are underpinned by full-stack thinking and proprietary infrastructure QPU1 designs Customer Real-world optimised feedback customer usage IQM Fab IQM Assembly Line IQM Data Center T 900m2 Up to 30 IQM Resonance with expansion planned
Slide 11: Quantum AI Duality
Product development /iqm.tech/ Quantum AI Duality: Integrating quantum into AI and HPC while using AI to enhance quantum /iqm.tech/ performance and reliability Contract with a world Class AI Partnering with the leader in AI Factory and accelerated computing In t e g ra t i o n o f AI i n t o H P C &
Slide 12: Proprietary qLDPC code unlocks path to quantum advantage
Product development /iqm.tech/ /iqm.tech/ Proprietary, low-complexity and highly efficient qLDPC code unlocks the path to quantum advantage Surface code BB code Gross code Radial code Directional code Narrow code Tile code Tanner code 4.0 3.5 Less physical qubits w=8 High efficiency per logical qubi
Slide 13: High-quality QPU and fast qubit couplers; over 99.9% fidelity
Product development /iqm.tech/ /iqm.tech/ High-quality QPU and fast qubit couplers to enable QEC Over 99.9% fidelity achieved through proprietary tunable coupler solutions and pulse control optimisation 2Q fidelity 99.93 % [1] Coupler Qubit 1 Qubit 2 qubit Earnings Presentation PUBLIC Q2 & H1 2026 S
Slide 14: IQM Pulla expands our software toolkit
Product development /iqm.tech/ /iqm.tech/ IQM Pulla expands our software toolkit Greater transparency and control for developers Applications and algorithms tooling Dynamical Classical Qubit QAOA Benchmarks decoupling feedforward selector Pulla Unified pulse-level compilation engine Earnings Present
Slide 15: Recap: Consistently delivering on technical milestones
/iqm.tech/ /iqm.tech/ Recap: Consistently delivering on technical milestones 2022 2023 2024 2025 2026 2027 2028 2030+ Foundation Quantum Utility Quantum Advantage Drug discovery, catalyst and fertilizers design, carbon Simulation Short to medium-sized molecular simulations and Medium size molecular
Slide 16: Governance update: Management
/iqm.tech/ /iqm.tech/ Governance update: Management DR. JAN GOETZ DR. SØREN HEIN JAN KUERSCHNER SYLWIA BARTHEL DE DR. JUHA VARTIAINEN DR. CRAIG CIESLA Chief Executive Officer Chief Operations Officer Chief Financial Officer WEYDENTHAL Chief Global Affairs Officer Chief Technology Officer & Co-Founde
Slide 17: Governance update: Board of Directors
/iqm.tech/ /iqm.tech/ Governance update: Board of Directors Current and earlier associations Alex Hannu Jan Sierk Barbara Juho Jeff Doll Martola Goetz Poetting Venneman Sarvikas Tuder Appointed 12/06/2026 Appointed 01/07/2026 Appointed 01/07/2026 Director Director Director Chairman Director Director
Slide 18: Financial Results Q2 & H1 2026
/iqm.tech/ /iqm.tech/ Financial Results Q2 & H1 2026 Earnings Presentation PUBLIC Q2 & H1 2026
Slide 19: Strong commercial momentum and continued revenue growth
Financial strength /iqm.tech/ /iqm.tech/ Strong commercial momentum and continued revenue growth Q2 and H1 2026 Revenue Commentary EURm H1 2026 Revenue: EUR 8.9M 8.9 47% year over year growth from H1 2025 6.7 6.0 Higher quantum computer sales 5.2 and progress in projects recognized over time Global
Slide 20: Growing revenue backlog driven by new customer wins
Financial strength /iqm.tech/ /iqm.tech/ Growing revenue backlog driven by recent new customer wins EURm Revenue Backlog Commentary FY 2025 H1 2026 After Q2 2026 EURm Transparent bridge from confirmed orders to 33 102 69 revenue1 11 67 69 Backlog growth of 52% YTD (31) (9) driven by a significant ne
Slide 21: Selected recent customer wins and partnerships
Financial strength /iqm.tech/ /iqm.tech/ Selected recent customer wins and partnerships Announced post quarter-end, on 8th July 2026 & GLOBAL · TECH POLAND & JAPAN · F I N L A N D · H P C , R E S E A R C H July 2026 Apr 2026 Apr 2026 GERMANY · ACADEMIA Feb 2026 PARTNERSHIP ENTERPRISES CSC - LUMI AI
Slide 22: Significant scaling investments
Financial strength /iqm.tech/ /iqm.tech/ Significant scaling investments EURm Q2 2026 Q2 2025 YoY H1 2026 H1 2025 YoY Commentary Revenue 6.7 5.2 28 % 8.9 6.0 47 % • Revenue growth was driven by accelerating system Cost of Revenue (3.6) (3.2) 15 % (5.3) (3.6) 45 % deliveries across multiple geographi
Slide 23: Well-capitalized to continue executing product roadmap and scaling
Financial strength /iqm.tech/ /iqm.tech/ Well-capitalized to continue executing ambitious product roadmap & scaling Financials summary Capital Commercial Momentum Continued R&D Investment Guidance Strength Strong revenue growth Strong cash position Meaningful investment in next- Full year 2026 guida
Slide 24: Take the 'fast lane' to Quantum advantage
/iqm.tech/ /iqm.tech/ Take the ‘fast lane’ to Quantum advantage IQM Quantum Computers Earnings Presentation PUBLIC Q2 & H1 2026
IQM Quantum Computers — Q2 & H1 2026 Earnings Presentation on 6ix