Honeywell’s quantum computing unit, Quantinuum, is preparing for a U.S. initial public offering with a potential $20 billion valuation. A Reuters Breakingviews analysis on May 22, 2026, highlighted a disconnect between this target and the unit's current financials.
Quantinuum reported a net loss of $136.6 million for the first quarter of 2026. The unit generated $5.2 million in revenue during that same three-month period.
The U.S. Department of Commerce issued a letter of intent for quantum research funding to Quantinuum on May 21. Honeywell shares rose nearly 3% on Thursday following the announcement. The stock gained an additional 1.66% on Friday to trade at $227.52.