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Neutral-atom quantum hardware developer Pasqal has achieved a technical milestone by trapping individual neutral atoms using laser light generated and routed directly through a Photonic Integrated Circuit (PIC). Developed in collaboration with its subsidiary Aeponyx—acquired less than 18 months prior—the demonstration replaces traditional free-space bulk optical tables with solid-state silicon nitride photonic chips, addressing a major physical scaling bottleneck in neutral-atom quantum computing architectures. In the proof-of-concept demonstration, Pasqal generated four optical micro-traps (optical tweezers) via a single photonic chip inside a quantum processing unit (QPU), successfully trapping and holding four individual rubidium atoms. The integrated photonic platform matched the trapping [...]

Quantum Computing Inc. (QCi) (NASDAQ: QUBT) has announced its financial results for the second quarter ended June 30, 2026. The Hoboken-based integrated photonics and quantum manufacturing company highlighted accelerating revenue growth, key commercial system deliveries, and its third strategic acquisition of the year. The table below summarizes key GAAP financial metrics for Q2 2026 compared with the prior quarter (Q1 2026) and the year-ago quarter (Q2 2025). Amounts in $M (except per share)Q2'2026Q1'2026Q2'2025% vs Q1'2026% vs Q2'2025Revenue$5.55$3.69$0.061+50.4%+8,998.4%Operating Expenses$21.85$19.83$10.20+10.2%+114.2%Operating Loss($23.01)($20.55)($10.17)+12.0%+126.3%Net Loss($11.75)($4.05)($36.48)+190.1%-67.8%Cash and Short-Term Investments$954.17*$986.11*$304.30*-3.2%+213.6% *Note: Cash and Short-Term Investments strictly aggregates Cash and Cash Equivalents ($189.15M) and Short-Term Investments ($765.02M), totaling $954.17M [...]

Qunnect and Monarch Quantum have announced a strategic partnership aimed at accelerating the commercialization, miniaturization, and scalable manufacturing of entanglement-based quantum networking hardware. The collaboration combines Qunnect’s field-deployed entanglement distribution technology with Monarch Quantum’s expertise in photonic system engineering, product packaging, and scalable manufacturing. Together, the companies plan to build modular, ruggedized variants of Qunnect’s Carina turnkey entanglement platform. Monarch has expertise in robotic, machine-vision guided manufacturing to improve cost, size, and reliability. In a photonic system it is important to reduce photon losses in the system as much as possible. Monarch's expertise in co-packaged optics and precise, repeatable, and reliable [...]

German quantum communications developer Quantum Optics Jena GmbH (QOJ) has announced that its ELVIS quantum key distribution (QKD) system has completed an independent security evaluation under the ISO/IEC 23837 international standard. Conducted over a three-month testing period by independent cybersecurity assessment firm TÜV Informationstechnik GmbH (TÜVIT), the evaluation subjected the entanglement-based hardware platform to six targeted security assessments, discovering no major vulnerabilities or exploitable side-channel weaknesses. While QKD provides theoretical security grounded in the laws of quantum mechanics, commercial implementations remain vulnerable to hardware side-channel attacks. Adversaries frequently target physical hardware components—such as lasers, single-photon detectors, modulators, and optical splitters—rather than [...]

D-Wave Quantum Inc. (NASDAQ: QBTS) has reported its financial results for the second quarter ended June 30, 2026. The Palo Alto-based leader in quantum annealing and gate-model technology highlighted significant commercial traction, peer-reviewed technical breakthroughs published in Nature, and expanded multi-chip roadmaps for both system modalities. The table below summarizes key GAAP financial metrics for Q2 2026 compared with the prior quarter (Q1 2026) and the year-ago quarter (Q2 2025). Amounts in $MQ2'2026Q1'2026Q2'2025% vs Q1'2026% vs Q2'2025Revenue$3.08$2.86$3.10+7.6%-0.6%Operating Expenses$54.98$56.55$28.48-2.8%+93.1%Operating Loss($53.28)($54.73)($26.50)-2.7%+101.0%Net Loss($48.03)($18.36)($167.33)+161.6%-71.3%Cash and Investments$546.22*$588.40*$819.30*-7.2%-33.3% *Note: Cash and Investments aggregates Cash and Cash Equivalents ($296.64M) and Marketable Investment Securities ($249.57M), totaling $546.22M as of [...]

Quemix Inc., a Tokyo-based quantum software and algorithm startup and consolidated subsidiary of TerraSky Co., Ltd., announced it has secured an investment from Honda Motor Co., Ltd. The funding, provided through Honda's global open innovation initiative, Honda Xcelerator Ventures, aims to accelerate the practical deployment of quantum computing for next-generation materials development. This investment builds on an established and successful research partnership between Quemix and Honda. In May 2025, the two companies jointly developed a novel quantum state readout technique, which was followed in June 2026 by a breakthrough quantum algorithm designed to exponentially accelerate Density Functional Theory calculations, a cornerstone [...]

Shanghai-based photonic quantum firm TuringQ has officially initiated pre-IPO tutoring with the Shanghai branch of the China Securities Regulatory Commission, positioning itself as a leading contender in the race to become China’s first publicly listed quantum computing company. Advised by Guotai Haitong Securities, the move reflects both a broader rush among Chinese hard-tech enterprises to tap public capital markets and a pivotal transition for the domestic quantum ecosystem from early-stage venture funding toward commercialization. Founded in February 2021 by legal representative Jin Xianmin and controlled by Shanghai Siliang Quantum Technology, TuringQ has distinguished itself by focusing on photonic quantum architectures rather [...]

Installation of an integrated-photonics surface ion trap into an experimental vacuum system. The National Science Foundation (NSF) has selected a multidisciplinary team led by the University of California, Los Angeles (UCLA) to receive $4 million in funding. Awarded through the NSF’s National Quantum Virtual Laboratory (NQVL) initiative, the grant will support a new project titled FTL: Accelerating Fault-Tolerant Quantum Logic. The project’s central objective is to design a fault-tolerant quantum computer capable of deploying 60 logical (error-protected) qubits, establishing a blueprint for digital quantum simulations that exceed the capabilities of current classical supercomputers. Addressing Environmental Noise Through Logical Qubit Design Contemporary [...]

Horizon Quantum has appointed Amanda Chew as Chief Product Officer (CPO), effective August 17, 2026. Chew joined the company in 2020 as Product Manager and subsequently held the positions of Director of Product and Vice President of Product. Prior to Horizon Quantum, she held management roles at Microsoft. In her new capacity, Chew will manage Horizon Quantum's product development and software infrastructure strategies. Quantum Computing Inc. (QCi) has promoted Mark Batzdorf to Senior Vice President, Finance. Batzdorf joined QCi following its acquisition of Luminar Semiconductor and has since managed finance operations for the company's photonics unit. In his expanded role, he [...]

Rigetti Computing, Inc. (Nasdaq: RGTI) has reported its financial results for the second quarter ended June 30, 2026. The Berkeley-based superconducting quantum developer highlighted sequential and year-over-year revenue expansion, a potential $100 million U.S. government funding award under the CHIPS Act, and expanding hybrid high-performance computing (HPC) deployments. The table below summarizes key GAAP financial metrics for Q2 2026 compared with the prior quarter (Q1 2026) and the year-ago quarter (Q2 2025). Amounts in $MQ2'2026Q1'2026Q2'2025% vs Q1'2026% vs Q2'2025Revenue$5.14$4.40$1.80+16.8%+185.3%Operating Expenses$30.25$27.33$20.45+10.7%+47.9%Operating Loss($28.06)($25.95)($19.88)+8.1%+41.1%Net Loss($52.61)$33.11($39.65)N/M+32.7%Cash and Investments$541.295*$569.00*$589.80*-4.9%-8.2% *Note: Cash and Investments aggregates Cash and Cash Equivalents ($27.76M), Short-term Available-for-Sale Investments ($365.95M), and Long-term Available-for-Sale [...]