Slide 1: Company Update
Company Update APRIL 8, 2026 investors@infleqtion.com 1 | 2026 Infleqtion. All rights reserved
Slide 2: Disclaimers and Forward-Looking Statements
Disclaimers and Forward-Looking Statements This presentation and the related webcast contain forward-looking statements. All statements other than statements of historical fact contained in this presentation and the related webcast are forward-looking statements, including but not limited to: statem
Slide 3: Disclaimers and Forward-Looking Statements (cont.)
Disclaimers and Forward-Looking Statements (cont.) Forward-looking statements represent Infleqtion management’s beliefs and assumptions only as of the date such statements are made. The Company does not undertake, and expressly disclaims any duty, to update any statements made in this presentation a
Slide 4: Broad Neutral Atom Platform for the Quantum Era
Neutral National Security and Resilience Atoms Space and Frontier AI and Machine Learning Quantum Precision Energy Computing Timing Optimization Cybersecurity Inertial RF Broad Neutral Atom Platform Sensing Sensing Life Sciences and for the Quantum Era Drug Discovery Materials Science Quantum Finan
Slide 5: Infleqtion Advantage
Infleqtion Advantage Infleqtion engineers world-class neutral atom quantum computers, precision sensors, and software for governments, corporations, and research institutions worldwide. Our unique advantages Nobel Prize Global Scaled Winning Customers in US, $32.5 million of Technology UK, Japan, Au
Slide 6: Neutral Atoms: Best Path to Commercial Advantage
Neutral Atoms: Best Path to Commercial Advantage Neutral Atom Trapped Ion Superconducting Photonics Thousands of qubits ✓ ✓ in a single core Applications demonstrated with ✓ ✓ logical qubits Room temperature ✓ ✓ operation(1) Reconfigurable any- ✓ ✓ to-any connectivity Enables broad ✓
Slide 7: One Technology: Serving Large, Growing Markets
One Technology: Serving Large, Growing Markets ONE NEUTRAL ATOM CORE MULTIPLE LARGE MARKETS Quantum Computers ~$130B 2040 TAM(1) LASERS Quantum Sensors ~$30B+ 2040 TAM (1) Neutral Atoms: Natural Advantage, Commercially Scalable Note: (1) As of June 2025 – McKinsey, Quantum Technology Monitor (2025).
Slide 8: Multiple Products: Powerful Platform Leverage
Multiple Products: Powerful Platform Leverage We deliver orders of magnitude improvement in computing and sensing applications to fill critical gaps in classical systems Core Compute Sensing Software Infleqtion’s neutral atom core First in Earth’s Orbit Neutral atom Contextual Machine Next-generatio
Slide 9: Quantum Computing: Leading the Path to Scale
Quantum Computing: Leading the Path to Scale Commercial record for Industry-leading neutral Only public company to Delivering real-world value today; neutral atom systems atom performance reach logical qubits exponential impact as hardware scales 1,600 99.73% 12 Proprietary Software Stack Physical q
Slide 10: Quantum Sensing: Commercial Leadership Today
Quantum Sensing: Commercial Leadership Today Infleqtion Addresses Key Sensing Markets • Superior precision beyond classical systems • Unlocking national security and commercial applications • Strong & growing demand Solving Critical Customer Needs • The most flexible and adaptable sensing modality G
Slide 11: Trusted Quantum Partner To Leading Institutions
Trusted Quantum Partner To Leading Institutions Infleqtion has sold hundreds of quantum cores through sensors & computing systems State of Illinois Leading partners across diverse industries Defense and Materials Aerospace Cybersecurity Discovery Energy Artificial Government Optimization Intelligenc
Slide 12: Our Quantum Platform Leadership Is Exoterrestrial
Our Quantum Platform Leadership Is Exoterrestrial Firsts on the G R O U N D First under the S E A First quantum computer installation at the National Sea trial of hybrid navigation Quantum Computing Centre systems on Royal Navy's experimental vessel Only foreign company to be selected to participate
Slide 13: Tangible proof points of our Technology Leadership
Tangible proof points of our Technology Leadership BREAKTHROUGHS CUSTOMER PROGRAMS1 March 26, 2026 March 16-19, 2026 Record dual-species entangling fidelity for path to fast logical Infleqtion showcases Sqale QPU as part of hybrid quantum qubits workflows enabled by NVQLink at NVIDIA GTC March 16, 2
Slide 14: Quantum Unlocks Capabilities and New Markets
Quantum Unlocks Capabilities and New Markets Hybrid solutions overcome today’s bottlenecks (runtime, energy) for important applications + QPUs + Calculate “probability” across complex scenarios to unlock optimization problems) Multiple joint Computational throughput demonstrations of RSA: ~1 week(2)
Slide 15: AI Exemplifies the Need for Breakthrough Compute
AI Exemplifies the Need for Breakthrough Compute LIMITS OF CURRENT AI Memory and Low-quality Physical AI can’t capture context limits training data complete dynamics QUANTUM OPPORTUNITY Contextual Machine Quantum sensors QPUs enable accurate Learning (CML) enable higher-quality world models for depl
Slide 16: Quantum Computing Roadmap On Track
Quantum Computing Roadmap On Track On track with prior guidance 2024 2025 2026 2028 2030 Error Loss Error Infleqtion Utility Detection Correction Correction Point Scale Target Actual Logical Qubits 2 8→ 8 12 30+ 100+ 1,000+ Physical Qubits 1,600 Exceeded 4,000 10,000 100,000 roadmap Gate Performance
Slide 17: Quantum Software: Accelerating Time to Value
Quantum Software: Accelerating Time to Value Superstaq is unlocking near and long-term value in complex systems across CPUs, GPUs, and QPUs Deep Quantum Expertise • hardware + algorithms + physics Proprietary Tools • Superstaq compilation and specialized quantum software tools Hardware Awareness • S
Slide 18: Our Quantum System Deployments
Our Quantum System Deployments Sqale now available on cloud directly via Delivered Superstaq (cirq and qiskit open-source frontends) and via CUDA-Q First system installed & operational at NQCC Delivered Only foreign company selected for Moonshot program Planned 50+ Logical Qubit System anticipated 1
Slide 19: Delivering Value Today, Quantum Advantage Ahead
Delivering Value Today, Quantum Advantage Ahead Today 2028 Quantum-inspired AI/ML: Navigation, sensor fusion, spectrum CPU/GPU awareness enabled Quantum readiness services Batteries Magnets (rare-earth) Fuel Cell, Catalytic Chemistry Material Superconductors (power grid, MRI) Science QPU Fuel (rocke
Slide 20: Case Study: Classical-Enabled Quantum in Defense
Case Study: Classical-Enabled Quantum in Defense Project: SAPIENT (Secure AI for Position, Navigation, Timing) • Quantum-inspired technology stack for sensor data fusion to detect and mitigate GPS denial • Forward compatibility w/ quantum sensors in core design, including Infleqtion’s atomic clock,
Slide 21: Milestone for Quantum & Infleqtion: Golden Dome
Milestone for Quantum & Infleqtion: Golden Dome Infleqtion selected for MDA SHIELD $151 Billion IDIQ Mission Critical Applications & Applicable Solutions Tiqker - Enhanced radar capabilities QRF - Detect hypersonic threat emissions Distributed Timing - Continued operation under GPS denial Contextual
Slide 22: QGG: Space-Based Quantum Sensing Win
QGG: Space-Based Quantum Sensing Win • Space Proven Heritage: Operational on the ISS since 2018 • NASA Validation: Selected by NASA JPL for QGG Pathfinder: $20M booked to date • Precision Advantage: Higher-sensitivity, more stable gravity sensing from orbit • Platform Leverage: Extends across Infleq
Slide 23: UK Commits Up to £2B to Quantum
UK Commits Up to £2B to Quantum • ProQure to support large-scale quantum computer deployment in the early 2030s • Over £400M for sensing, navigation, and enabling capabilities • Infleqtion delivered the UK’s only operational 100-qubit system at the NQCC • Infleqtion completed several government-back
Slide 24: Key Takeaways: Technology, Execution, Capital
• One Neutral Atom platform + many products across sensing and compute Technology → • Leading on quantum metrics that matter • Only publicly traded company with Logical Qubits KEY TAKEAWAYS • Pioneer and first mover in a winning modality • Robust partnerships and customer base Execution → • Strong &
Slide 25: 2025: A Pivotal Year for Infleqtion
2025: A Pivotal Year for Infleqtion Historical Revenue • Delivered $32.5 million in revenue. All ($ in millions) organic growth. All quantum business. - New program awards and growing customer demand 3x in 2 years $32.5 • Added key contracts with NASA (QGG), $28.8 Department of War, and ARPA-E • Exp
Slide 26: Recapping 2025 Financials
Recapping 2025 Financials Revenue Operating Income(1) Cash Flow ($ in millions) ($ in millions) ($ in millions) 32.5 FY 2024 FY 2025 FY 2024 FY 2025 Geo Mix 28.8 4% Other 11% APAC 13% U.K. (24.1) (28.1) (32.5) (35.7) 72% U.S. (35.3) (36.0) (53.0) FY 2024 FY 2025 GAAP Non-GAAP Cash Flow Cash Flow Ope
Slide 27: Well-Capitalized to Execute Strategy
Well-Capitalized to Execute Strategy Raised $516M(1) net of fees in Feb 26; $516M $63M(2) balance exiting 2025 Highly capital efficient model and modality to deliver commercially relevant solutions and scale $63M FY25 cash burn of $36; modestly higher consumption expected in FY26 Dec 25 Feb 26 Net P
Slide 28: Broad Neutral Atom Platform for the Quantum Era
Neutral National Security and Resilience Atoms Space and Frontier AI and Machine Learning Quantum Precision Energy Computing Timing Optimization Cybersecurity Inertial RF Broad Neutral Atom Platform Sensing Sensing Life Sciences and for the Quantum Era Drug Discovery Materials Science Quantum Finan
Slide 29: Appendix
APPENDIX 29 | 2026 Infleqtion. All rights reserved
Slide 30: GAAP to Non-GAAP reconciliation
GAAP to Non-GAAP reconciliation Figures in $millions 2024 2025 Stock-based compensation included in following: Cost of revenue 0.1 0.3 Research and development 0.4 0.4 SG&A 3.2 2.4 Total stock-based compensation 3.7 3.1 GAAP Operating income (loss) (53.0) (35.3) Add back: Stock-based compensation 3.
Slide 31: 31 | 2026 Infleqtion. All rights reserved
31 | 2026 Infleqtion. All rights reserved