Quantinuum inks Oracle Cloud partnership, reports Q2

Quantinuum said it will deploy its Helios quantum computer in US Oracle Cloud Infrastructure data centers for hybrid quantum and AI workloads.

Under the multi-year agreement, Oracle Cloud customers will be able to directly access Quantinuum's Helios alongside Oracle's high-performance computing and GPU infrastructure. The move highlights how hybrid infrastructure for classical compute and quantum is emerging.

In a statement, the companies said "Quantinuum and Oracle plan to explore how hybrid quantum-AI infrastructure could address some of the most computationally intensive challenges facing enterprises and broaden access for universities and research institutions advancing scientific discovery and education."

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The companies said they expect AI infrastructure, supercomputing and quantum computing to converge.

Helios will be deployed on-premises in an Oracle Cloud data center and be tightly integrated with components such as networking, compute, storage, identity management and data services. Oracle will purchase the Helios system. Terms of the purchase weren't disclosed.

Quantinuum also has a partnership with HPE.

Separately, Quantinuum reported second quarter results. The earnings were the first report since Quantinuum's IPO.

The company reported a second quarter net loss of $597 million, or $1.93 a share, on revenue of $8 million, up 279% from a year ago. The company's non-GAAP loss in the quarter was 28 cents a share. Wall Street was looking for a loss of 28 cents a share in the second quarter on revenue of $7.6 million.

Quantinuum CEO Rajeeb Hazra said the company "delivered critical R&D breakthroughs to advance our platform roadmap and enhance our competitive position, strengthened our supply chain and manufacturing capabilities, and increased our developer ecosystem engagement."

As for the outlook, Quantinuum said its 2026 revenue will be between $28 million to $32 million.

Here's what Hazra said on the earnings call:

• "Our hardware road map continues to advance to plan, hardened by the derisking approach we have undertaken to prove out the critical technologies for building very large-scale fault-tolerant quantum computers like Apollo in 2029 via intermediate generation of commercial systems such as Helios and Sol. We are on track for the release of Sol in 2027, a system designed to provide 192 physical qubits and 100 logical qubits with a logical error rate of 10 to the power minus 5 or 99.999% logical fidelity. Sol is the first commercial system on our road map to use the 2-dimensional QCCD trap chip."
• "The first of the product candidate Sol traps manufactured by Honeywell, now Honeywell Aerospace, came back from the fab and is being put through a full validation suite and no showstoppers have been found so far."
• "During the second quarter, we strengthened our industrial advantage by strengthening our supply chain and scaling our manufacturing ecosystem...In the second quarter, we also signed a new joint development agreement with a leading global electronics manufacturer, a major acceleration in scaling our manufacturing foundation."
• "The clearest trend we've seen in quantum adoption is via the convergence of quantum computing, AI and high-performance computing. Customer use cases increasingly require quantum computing capabilities integrated into the on-premises high-performance computing enterprise environments or the public cloud infrastructures already widely in use."