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Infleqtion Slides 11% After Quantum RF Reveal, Targets $40M Revenue

5/17/2026

Summary

Story summary

Infleqtion (NYSE: INFQ) fell 10.95% to $12.44 on May 16, 2026 as markets closed for the weekend.
Infleqtion reported $9.5 million revenue, a $30.3 million net loss, and a 2026 revenue target of $40 million.
The company said government contracts accounted for 85% of sales.
Infleqtion unveiled its Quantum Spectrum RF platform, which includes defense projects in the United States and marks the achievement of 12 logical qubits, targeting 30 this year and 100 by 2028.

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Story summary

Infleqtion (NYSE: INFQ) fell 10.95% to $12.44 on May 16, 2026 as markets closed for the weekend.
Infleqtion reported $9.5 million revenue, a $30.3 million net loss, and a 2026 revenue target of $40 million.
The company said government contracts accounted for 85% of sales.
Infleqtion unveiled its Quantum Spectrum RF platform, which includes defense projects in the United States and marks the achievement of 12 logical qubits, targeting 30 this year and 100 by 2028.