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Quantum-Si incorporated (QSI) Q1 2026 Earnings Call Transcript

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Quantum-Si reported Q1 2026 financial results on May 7, highlighting CEO Jeff Hawkins’ strategic focus on commercializing its single-molecule protein sequencing platform, with early adopter partnerships driving revenue growth. Revenue reached $12.5M, up 40% YoY, driven by pre-orders for its Platinum chip, though net losses narrowed slightly to $28M amid R&D expansion and scaling production capacity. The company secured $50M in new funding, extending its runway through 2027, with key investors emphasizing confidence in its long-term roadmap for disrupting genomics and drug discovery markets. CFO Jeff Keyes noted supply chain improvements reduced chip production costs by 15%, accelerating timelines for full-scale commercial launch expected in late 2026 or early 2027. Analysts pressed on competitive differentiation, with Hawkins citing proprietary quantum tunneling tech as a moat against rivals like Illumina, targeting FDA clearance for clinical diagnostics by mid-2028.
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Quantum-Si incorporated (QSI) Q1 2026 Earnings Call Transcript

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SA Transcripts159.84K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Quantum-Si incorporated (QSI) Q1 2026 Earnings Call May 7, 2026 4:30 PM EDT Company Participants Risa LindsayJeffrey Hawkins - President, CEO & DirectorJeffry Keyes - CFO & Treasurer Conference Call Participants Scott Henry - Alliance Global Partners, Research DivisionMichael KingPuneet Souda - Leerink Partners LLC, Research DivisionCharles WallaceKyle Mikson - Canaccord Genuity Corp., Research Division Presentation Operator Good day, and thank you for standing by. Welcome to the Quantum-Si First Quarter 2026 Earnings Call and Business Update. [Operator Instructions]. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Risa Lindsay. Risa, go ahead.

Risa Lindsay Good afternoon, everyone, and thank you for joining us. Earlier today, Quantum-Si released financial results for the first quarter ended March 31, 2026. A copy of the press release is available on the company's website. Joining me today are Jeff Hawkins, our President and Chief Executive Officer; as well as Jeff Keyes, our Chief Financial Officer. Before we begin, I would like to remind you that management will be making certain forward-looking statements within the meaning of the federal securities laws. These statements involve material risks and uncertainties that could cause actual results or events to materially differ from those anticipated. Additional information regarding these risks and uncertainties appears in the section entitled Forward-Looking Statements of our press release. For a more complete list and description of risk factors, please see the company's filings made with the Securities and Exchange Commission. This conference call contains time-sensitive information that is accurate only as of the live broadcast date today, May 7, 2026. Except as required by law, the company disclaims any intention or obligation to update or revise any forward-looking statements. During this call, we will also be referring to certain financial measures that are not prepared in accordance

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Source: Seeking Alpha