Quantinuum Sets Industry Record for Hardware Performance with New Quantum Volume Milestone

Customers the first to benefit as Quantinuum extends its lead in full-system quantum computing performance

February 23, 2023

Broomfield, Colorado, February 23rd, 2023Quantinuum, the world’s largest standalone integrated quantum computing company, today announced its H1 generation quantum processors set two performance records in quick succession, with its H1-1 achieving a quantum volume (QV) of 16,384 (214), and then 32,768 (215). The achievements represent a high-water mark for the quantum computing industry, based on the widely recognized QV benchmark, which was originally developed by IBM to reflect a quantum computer’s general capability.

“Quantum volume is crucial to the ongoing development and research necessary to create the bigger and better quantum computers needed to achieve a quantum advantage,” said Paul Smith-Goodson, Analyst, Moor Insights and Strategy. “Quantinuum has prioritized increasing its quantum volume since the start, which has not only benefitted its current applications but set itself up to be the benchmark in achieving quantum advantage.”

This marks the eighth time in less than three years that Quantinuum’s H-Series, which is based on quantum charge coupled device technology, has set an industry benchmark, and fulfills a public commitment made in March 2020 to increase the performance of the H-Series quantum processors, Powered by Honeywell, by an order of magnitude each year for five years.

“This is a remarkable milestone for quantum computing and inline with the technology we have seen from Quantinuum,” said Marco Pistoia, Ph.D., Distinguished Engineer and Head of Global Technology Applied Research, JPMorgan Chase. “As evidenced in our research, we have produced groundbreaking algorithms on their quantum computers for the past several years, which has allowed us at JPMorgan Chase to be on the leading edge of quantum computing. We look forward to continuing to make more breakthroughs in quantum computing together.”

To provide more detail on the underlying technological improvements that led to the new benchmark, Quantinuum revealed details of recent performance enhancements to the H-Series, including reductions in the phase noise of the device’s lasers, reducing two-qubit gate error and memory error, and improvements to elements of the calibration process. Scientists at Quantinuum also shared insights into how the improvements that resulted in the new benchmark reduce the time it takes for algorithms to run, improve the ability to run quantum error correction codes, and lead to better results for the scientists and researchers using the H-Series hardware.

“We are exactly where we expect to be on our roadmap,” said Tony Uttley, President and COO of Quantinuum. “Our hardware team continues to deliver technical improvements right across the board, and our approach of continuously upgrading our quantum computers means that these are felt immediately by our customers.”

A five-digit QV number is very positive for real-time quantum error correction (QEC) because of the low error rates, number of qubits, and very long circuits. QEC is a critical ingredient to large-scale quantum computing and the sooner it can be explored on today’s hardware, the faster it can be demonstrated at large-scale.

“With the technology improving fast, we do everything we can to help our customers and the community understand how we are achieving such rapid progress,” said Jenni Strabley, Senior Director of Offering Management at Quantinuum. “Which is why we have published the data behind the results we announced today. Our goal is to accelerate quantum computing, and that is something we can only achieve as an industry.”

Further details on the Quantum Volume tests: https://quantum-journal.org/papers/q-2022-05-09-707/ 

Quantinuum’s GitHub repository for Quantum Volume data: https://github.com/CQCL/quantinuum-hardware-quantum-volume 

Quantinuum’s GitHub repository for hardware specifications: https://github.com/CQCL/quantinuum-hardware-specifications 

Read more about the Quantum Volume achievements in this blogpost

About Quantinuum

Quantinuum is the world’s largest integrated standalone quantum computing company, formed by the combination of Honeywell Quantum Solutions’ world leading hardware and Cambridge Quantum’s class leading middleware and applications. Science led and enterprise driven, Quantinuum accelerates quantum computing and the development of applications across chemistry, cybersecurity, finance, and optimization. Its focus is to create scalable and commercial quantum solutions to solve the world’s most pressing problems, in fields such as energy, logistics, climate change, and health. The company employs over 480 people including 350 scientists, at nine sites in the US, Europe, and Japan.

About Quantinuum

Quantinuum, the world’s largest integrated quantum company, pioneers powerful quantum computers and advanced software solutions. Quantinuum’s technology drives breakthroughs in materials discovery, cybersecurity, and next-gen quantum AI. With over 500 employees, including 370+ scientists and engineers, Quantinuum leads the quantum computing revolution across continents. 

September 11, 2026
Quantinuum to Participate in the Piper Sandler 5th Annual Growth Frontiers Conference

BROOMFIELD, Colo., September 11, 2026 - Quantinuum Inc. (Nasdaq: QNT) (the “Company”), a leading quantum computing company, today announced that members of its management team will participate in the Piper Sandler 5th Annual Growth Frontiers Conference, taking place September 14–16, 2026, in Nashville, Tennessee.

Quantinuum will participate in a fireside chat and host one-on-one meetings with investors during the conference.

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity. Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally.

The company has a global workforce of approximately 800 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.

Contacts

Investor & Media Contact

Shub Mukherjee - Investor Contact - investors@quantinuum.com

Aaron Sorenson - Media Contact - press@quantinuum.com

This is some text inside of a div block.
All
This is some text inside of a div block.
All
This is some text inside of a div block.
All
September 8, 2026
Quantinuum Finalizes $100 Million CHIPS R&D Award with U.S. Department of Commerce to Advance Trapped-Ion Quantum Computer Manufacturing in the US
  • The federal funding supports critical R&D and U.S. quantum semiconductor manufacturing capabilities needed to scale fault-tolerant trapped-ion quantum computing.
  • Company partnering with GlobalFoundries to fabricate next-gen ion traps and control electronics, and Monarch Quantum to develop and manufacture reliable lasers and optical components.

Washington, D.C. – September 8, 2026 – Quantinuum (Nasdaq: QNT), a leading quantum computing company, today announced it has finalized an agreement with the U.S. Department of Commerce’s CHIPS Research and Development Office for $100 million in federal funding deployed through the CHIPS and Science Act. The award, which follows a letter of intent announced in May, supports R&D and U.S. quantum semiconductor manufacturing capabilities needed to deploy large-scale, fault-tolerant trapped-ion quantum computers.

Quantinuum, which was the only company with a trapped-ion based architecture to be awarded CHIPS R&D funding, develops the world’s most accurate commercial1 computers with industry-leading error correction fidelity.2  The company leverages established semiconductor manufacturing processes to help ensure reliability, repeatability, and scalability of the company’s current and future quantum computers.

“This award is a validation of Quantinuum’s leadership in trapped-ion quantum computing," said Dr. Rajeeb Hazra, President and CEO of Quantinuum. “Together with our domestic partners, we are building the technology and supply-chain foundation needed to scale fault-tolerant systems and strengthen America's leadership in this strategically important field.”        

The award will support R&D that the company expects to help strengthen and diversify its supply chain, adding onshore partners GlobalFoundries and Monarch Quantum. GlobalFoundries will be one of several of Quantinuum’s foundries enlisted to fabricate its next-generation ion traps and other electronics, specifically focused on using 300mm wafer technology; Monarch Quantum plans to develop and manufacture scalable, reliable lasers and optical components required for Quantinuum’s trapped-ion systems.

“As quantum computing moves closer to commercial scale, manufacturing will be critical to unlocking its full potential,” said Tim Breen, CEO of GlobalFoundries. “GlobalFoundries is proud to partner with Quantinuum to help scale their trapped-ion technology. By bringing our expertise in high-volume, differentiated semiconductor manufacturing, we're helping create a path to more scalable, reliable quantum hardware and advancing the next generation of American innovation.”

“The road to large-scale, trapped-ion quantum computers relies on moving away from complex, sprawling optical setups to scalable, reliable integrated photonics engines," said Dr. Timothy Day, CEO of Monarch Quantum. "We are honored to expand our partnership with Quantinuum to advance their hardware roadmap and to help strengthen U.S. leadership in quantum computing manufacturing and supply chain resilience.”

Together, these efforts are intended to reduce system complexity and improve component robustness, reliability, and reproducibility, ultimately supporting the continued scaling of trapped-ion quantum computers, while strengthening domestic capability across critical photonics and semiconductor manufacturing.

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.3  Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally. The company has a global workforce of over 800 employees, including top scientists and researchers. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore. For more information, please visit www.quantinuum.com.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. For additional information on these and other risks that could affect Quantinuum’s forward-looking statements, see Quantinuum’s risk factors discussed in its filings with the U.S. Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the period ended June 30, 2026, as such risk factors may be updated from time to time. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

1 Based on physical two-qubit gate fidelity as of December 31, 2025, according to the 2025 Ransford et al. study.
2 As of February 25, 2026, according to the 2026 Dasu et al. study.
3 As of December 31, 2025.

This is some text inside of a div block.
All
This is some text inside of a div block.
All
This is some text inside of a div block.
All
September 4, 2026
Quantinuum to Participate in the Bernstein 23rd Annual Pan-European Strategic Decisions Conference

BROOMFIELD, Colo., September 4, 2026 - Quantinuum Inc. (Nasdaq: QNT) (the “Company”), a leading quantum computing company, today announced that members of its management team will participate in the Bernstein 23rd Annual Pan-European Strategic Decisions Conference, taking place September 9–10, 2026, in London, United Kingdom.

Quantinuum will participate in a fireside chat and host one-on-one meetings with investors during the conference.

About Quantinuum

Quantinuum is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of trapped-ion based quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity. Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets, as well as academic and research institutions globally.

The company has a global workforce of approximately 800 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.

Contacts

Investor & Media Contact

Shub Mukherjee - Investor Contact - investors@quantinuum.com

Aaron Sorenson - Media Contact - press@quantinuum.com

This is some text inside of a div block.
All
This is some text inside of a div block.
All
This is some text inside of a div block.
All