Translation: Original published in Finnish on 11/05/2026 at 07:10 am EET

Modulight announced on Wednesday, it has received an order worth 1.1 MUSD (~1 MEUR) from a new American quantum computing customer. The order is relatively large given the company's current scale, and contributes to our growth forecasts. The news brings moderate upward pressure to our estimates, which we will update in the near future

Second announced order in quantum technology

According to the press release, the order concerns testing and validation phase units (qualification units) intended for the customer's quantum computing systems. Already in early 2025, the company received an order worth 0.8 MEUR for quantum computing-related prototypes. The newly received order is from a new customer, which is an encouraging sign that Modulight's solutions are generating broader interest in this rapidly developing sector. The company's vertical integration enables the customization of lasers and supply chain reliability, which appears to act as a competitive advantage in quantum technology as well.

The prospect of additional orders brings potential for next year

The order worth ~1.0 MEUR is large by Modulight's standards, as we expect the company's full-year 2026 revenue to be 7.2 MEUR and grow to 9.8 MEUR next year. Modulight says additional orders are possible before the summer of 2027, provided that the qualification of the units now ordered is successful and the project progresses. Although there are always risks associated with the qualification phase of new technology, success and the expansion of the customer relationship would create good conditions for revenue growth in 2027.