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Quantinuum shares jump 26% on strong bookings and raised revenue guidance

Quantinuum shares jumped 26% after reporting record $98M in quarterly bookings and raising full-year revenue guidance.

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Quantinuum shares rose 26% on November 6 following a report of record quarterly bookings and an upward revision to its full-year revenue forecast. The company posted $98 million in bookings for the quarter, driven largely by a major agreement with Oracle, while year-to-date orders reached approximately $104 million. Third-quarter revenue jumped 233% to $9.1 million, though the firm still reported an adjusted loss of $0.29 per share.

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Quantinuum shares jump 26% on strong bookings and raised revenue guidance

Shares of Quantinuum soared 26% on November 6 following the company's report of strong bookings and an upward revision to its full-year revenue guidance. The quantum computing firm, formed in 2021 from the merger of Honeywell's and Cambridge Quantum's businesses, cited robust backlog growth as the primary driver for the stock rally. Despite this positive momentum, the stock remains down 37% from its $60 IPO price in June, reflecting the volatile nature of the sector. Analysts are now closely watching whether this growth can sustain the company's valuation amidst broader market uncertainty.

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