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

Quantinuum, a trapped-ion quantum computing company backed by Honeywell, began trading on NASDAQ on June 4, 2026, after pricing its IPO at $60 per share and raising $1.68 billion. The company, spun out from Honeywell, builds quantum computers using trapped-ion systems, including its Helios hardware, which relies on charged atoms held in electromagnetic fields for high-accuracy qubits. CEO Rajeeb Hazra emphasized the company’s immediate impact during an appearance on CNBC’s *Squawk Box*, stating, 'It is not 10 to 15 years out. It’s very much now.' His comments challenge skepticism that quantum computing remains a distant scientific project." "Hazra highlighted Quantinuum’s existing customers, including sectors like pharmaceuticals, finance, and chemical development, who are already using its commercially available hardware and software. He framed quantum computing as a critical component of the broader AI-driven transformation in computing, arguing that workloads are increasingly driving value. Despite acknowledging the market’s early stage, he stressed that key performance metrics are hardware accuracy and scalability." "Investors will closely examine Quantinuum’s financials, particularly its revenue growth. The company reported $31 million in projected 2025 revenue and $79 million in bookings, but Q1 2026 revenue was only $1.3 million. This gap reflects a common challenge in deep-tech sectors, where revenue recognition lags behind bookings. Comparable companies like IonQ and D-Wave Quantum also show volatile revenue patterns, with IonQ reporting a 755% year-over-year increase in Q1 2026 revenue to $64.67 million, while D-Wave saw an 81% decline to $2.86 million." "Quantinuum’s growth is partly supported by government backing. The company secured a Letter of Intent from the U.S. Department of Commerce for an R&D grant aimed at scaling its technologies and onshoring supply chains in the U.S. This aligns with Washington’s broader $2 billion quantum initiative, which includes funding for competitors like D-Wave and Rigetti. The initiative underscores the strategic importance of quantum computing as infrastructure for national security and innovation." "For investors seeking exposure, Quantinuum joins a small but growing public market in quantum computing. IonQ, its closest peer, trades at a $26.65 billion market cap with a P/E ratio of 183, while D-Wave has surged 31.69% over the past month. Analysts project IonQ’s stock could reach $67.64, with a 53.5% probability that the U.S. federal government will take a stake in the company by year-end. Quantinuum’s IPO marks a pivotal moment as the sector transitions from theoretical research to commercial application.