The Next Quantum Computing IPO CEO Just Told CNBC ‘It Is Not 10 to 15 Years Out. It’s Very Much Now’

Quantinuum, the Honeywell-backed trapped-ion quantum computing company, began trading connected the NASDAQ contiguous aft pricing its IPO astatine $60 per stock and raising $1.68 billion. On CNBC's Squawk Box this morning, CEO Rajeeb Hazra delivered the enactment that volition specify the debut: "It is not 10 to 15 years out. It's precise overmuch now. And we volition lone spot acceleration going forward."

That is simply a bold framing connected a time erstwhile investors are besides digesting the company's early-stage financials. It is besides a nonstop situation to the long-running skeptic presumption that quantum is inactive a subject project.

The Debut

Quantinuum was spun retired of Honeywell, which remains a bulk shareholder post-IPO. The institution builds trapped-ion quantum computers, including hardware called Helios. Trapped-ion systems usage charged atoms held successful electromagnetic fields arsenic qubits, an attack valued for precocious gross fidelity and accuracy. It is the aforesaid wide architecture utilized by IonQ (NYSE:IONQ), making IonQ the closest nationalist comparable for investors trying to triangulate Quantinuum's positioning.

The "Very Much Now" Thesis

Hazra's transportation leans connected customers alternatively than theory. "We person customers contiguous that are utilizing our commercially disposable hardware and software, our afloat stack, to get started with their quantum travel connected transforming, whether it's their merchandise acceptable is pharma, their merchandise acceptable is fiscal instruments, their merchandise acceptable is caller chemicals," helium said. He besides tied quantum straight to the AI buildout: "We are successful a transformative infinitesimal for the computing manufacture arsenic AI and workloads instrumentality implicit and thrust expanding amounts of value."

He acknowledged the signifier of the market, calling it "early days of a monolithic industry," wherever the KPIs are hardware show and accuracy.

The Profitability Question

Here is wherever investors volition scrutinize the story. Quantinuum reported 2025 gross of $31 cardinal and 2025 bookings of $79 million, but Q1 2026 gross was lone $1.3 million. The spread betwixt booked commitments and recognized gross is the cardinal tension. Lumpy gross is emblematic for pre-mass-commercialization heavy tech, and the nationalist comps amusement the aforesaid signifier successful antithetic forms. IonQ posted Q1 FY26 gross of $64.67M, up 755% YoY, portion D-Wave Quantum (NYSE:QBTS) reported Q1 FY26 gross of $2.86M, down 81% YoY against a pugnacious prior-year system-sale comp.