Filing Flows › Infleqtion (INFQ) › Q2 2026
Infleqtion (INFQ) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 18, 2026
Infleqtion (INFQ) reported revenue of $13.5M for the second quarter 2026 (Q2 2026), +157% from a year earlier and +43% from the quarter before. Operating margin was -220.5%, net loss $24.7M (182.4% of revenue).
Infleqtion, Q2 2026: revenue $13.5M (+156% year over year), operating margin -220.5%, net loss $24.7M, operating cash flow $13.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.5M | +43% | +157% |
| Operating profit | −$29.9M | — | — |
| Net earnings | −$24.7M | — | -1351% |
| Operating cash flow | $13.2M | — | — |
| Free cash flow | $11.8M | — | — |
What changed
Revenue was $13.5M in Q2 2026, up 157% year over year and up 43% from the previous quarter. Service was the largest line at 77% of revenue. Service added $8.6M year over year (up 504%), 105% of the total change. Product declined 11%.
Gross margin was 16.0%, up 3.2 points from Q2 2025. Operating costs exceeded revenue by $29.9M, an operating margin of -220.5%. Operating expenses grew 189% against revenue growth of 157%. The quarter ended with a net loss of $24.7M, narrower than the previous quarter's $29.7M loss. Non-operating items added $5.2M, -21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $13.2M. Non-cash charges added back $1.0M of depreciation and amortization and $12.1M of share-based compensation. Working capital and other items added $24.8M. Capital expenditures of $1.4M left free cash flow of $11.8M.
Questions
What was Infleqtion's revenue in the second quarter 2026?
Infleqtion (INFQ) reported revenue of $13.5M for the second quarter 2026 (Q2 2026), +157% from a year earlier and +43% from the quarter before.
Was Infleqtion profitable in the second quarter 2026?
Operating loss was $29.9M (-220.5% of revenue) and net loss $24.7M.
Source: Infleqtion 10-Q on SEC EDGAR.