Pasqal Reports Third Quarter Business Update

Pasqal reported Q3 2026 revenue of €3.3 million, down from €5.7 million year-over-year due to no QPU sales in the current period, though QPU-related services revenue increased 53% YoY. The company maintains €312.8 million in cash and €69.8 million in booked and awarded business. Recent highlights include ISO/IEC 27001 certification, AI-assisted workflow launch, strategic partnerships with LG CNS and USA Rare Earth, and technological advances in photonic integrated circuits for neutral-atom quantum computing.