IQM Quantum Computers Oyj is a global leader in superconducting quantum computers. The company provides on-premises full-stack quantum computers and a cloud platform to access its systems. It partners with a diverse range of customers globally, including leading high-performance computing centers, research laboratories, universities, and enterprises requiring full access to quantum hardware and software.
IQM Quantum Computers Oyj generates revenue through the sale of on-premises quantum computer systems, cloud access via its IQM Resonance service and third-party platforms like AWS Braket, and professional services such as training, maintenance, and technical support. Its primary products include the IQM Spark, a five-qubit system for education and research; the IQM Radiance, an upgradeable platform spanning 20 to 150 qubits for high-performance computing environments; and the IQM Halocene, a next-generation system designed to scale beyond 150 qubits with quantum error correction capabilities. Revenue is derived from a global customer base, with a significant portion coming from public sector contracts, including those with universities, national research institutions, and programs such as the EuroHPC Joint Undertaking.
The company operates through the following segments:
- Quantum Computing Systems: This segment encompasses the design, development, manufacturing, and sale of superconducting quantum computers and related hardware. It includes the IQM Spark system, which is a five-qubit quantum computer tailored for education and research environments, and the IQM Radiance system, an upgradeable platform with configurations from approximately 20 to 150 qubits used in high-performance computing centers. The segment also covers the IQM Halocene system, the company’s next-generation architecture designed to scale beyond 150 qubits and support advanced quantum applications through integrated quantum error correction capabilities.
- Cloud and Software Services: This segment delivers quantum computing access through the IQM Resonance cloud platform, which provides users with direct access to IQM’s quantum systems via the IQM portal and third-party cloud services such as Amazon Web Services’ Braket. It includes software tools and development environments that support open-source frameworks like Qrisp™, which IQM co-develops with research partners to enable broader developer engagement. The segment also offers pulse-level access and error mitigation integration, allowing customers full control over the quantum error correction stack for transparent, non-black-box workflows that support ecosystem development and co-innovation.
IQM Quantum Computers Oyj is a prominent player in the superconducting quantum computing sector, competing with major technology companies and specialized quantum firms such as Google, IBM, Microsoft, Rigetti Computing, IonQ, Quantinuum, Xanadu Quantum Technologies, Pasqal, Atom Computing, and Alice & Bob. The company differentiates itself through its vertically integrated infrastructure, which spans chip design, fabrication, system assembly, and data center operations, enabling tight feedback loops and improved system reliability. Its technological strengths include a demonstrated two-qubit gate fidelity of 99.93% and a proprietary quantum error correction protocol that requires 10x fewer physical qubits per logical qubit than the surface code, enhancing scalability and efficiency.
IQM Quantum Computers Oyj serves a diverse global customer base that includes leading high-performance computing centers, research laboratories, universities, and enterprises across Europe, APAC, North America, and the Middle East. Specific customer engagements include collaborations with CSC – IT Center for Science, which operates the Finnish supercomputer LUMI, VTT, the technical research center of Finland, and LRZ, a high-performance computing and research infrastructure center in Germany. The company also partners with institutions such as Technical University Munich, CEA Leti, Fraunhofer, UC Berkeley, and IMRE in Singapore. In 2025, IQM generated revenue from 22 unique customers, with four customers each contributing 10% or more of total revenue during the year.