Infleqtion, Inc. (INFQ) Earnings Call Transcripts

Infleqtion, Inc.'s Latest Earnings Call - April 8, 2026

Infleqtion, Inc. reported its full-year 2025 results, marking its first earnings call as a public company. Revenue for the year was $32.5 million, driven entirely by its Quantum business, with significant contributions from national security use cases. The company narrowed its GAAP operating loss to $35.3 million from $53 million in 2024. For 2026, Infleqtion provided guidance for approximately $40 million in revenue, signaling continued momentum and technical progress, particularly in quantum computing with a target of 30 logical qubits.

Reported metrics

Guidance from management

For 2026, Infleqtion guides to approximately $40 million in revenue, reflecting continued business momentum. The company is on track to deliver 30 logical qubits in 2026.

What management said

Thanks, Ilan. And with that, let's turn to guidance. For 2026, we are guiding to revenue of approximately $40 million. That outlook reflects continued momentum across the business, building on the programs and partnerships we established in 2025. And as Pranav noted earlier, we remain on track to deliver 30 logical qubits in 2026. We view that milestone as an important indicator of our technical progress. Infleqtion...

Yes. All I can say, thanks, Matt, is that if you think about our long-term business model, you think about it, we believe that it's really best-in-class semiconductor gross margin. That's what you need to think about long term. But as mentioned in the short term, it's going to be based on historical gross margins.

What analysts pressed on

Analysts expressed interest in the balance between sensing and computing revenue, the impact of geopolitical events on product demand, and the company's disciplined approach to OpEx. There were questions about the urgency of transitioning to quantum-safe encryption.

Main topics on the call

• Quantum Computing Progress — Infleqtion achieved 12 logical qubits in 2025 and aims for 30 in 2026, with a target of 100 by 2028. The company is focusing on logical qubits as a key metric for progress. 'Logical qubits are the key to the kingdom in q...
• Revenue Composition — In 2025, approximately 70% of revenue came from the U.S., with 30% from the U.K., 11% from APAC, and 4% from the rest of the world. Revenue was entirely organic and from the Quantum segment.
• Strategic Partnerships — Infleqtion announced a partnership with Safran for a quantum-enabled precision timing solution. The company also collaborates with NASA and has systems deployed on the International Space Station.
• Financial Performance — The company reduced its GAAP operating loss to $35.3 million from $53 million in 2024. Non-GAAP operating loss improved to $28.1 million from $35.7 million. Cash burn was approximately $36 million.

Read the full Infleqtion, Inc. transcript (April 8, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 2 Infleqtion, Inc. earnings call transcripts on record, spanning March 11, 2026 to April 8, 2026. The most recent call on file is dated April 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

INFQ

Exchange

NYSE

Country

US

Sector

Information Technology

Industry

Technology Hardware, Storage and Peripherals

Calls on record

2

First call

March 11, 2026

Most recent

April 8, 2026