Euclid Quick Data Release (Q1) -- Characteristics and limitations of the spectroscopic measurements

The SPE processing function (PF) of the \Euclid pipeline is dedicated to the automatic analysis of one-dimensional spectra to determine redshifts, line fluxes, and spectral classifications. The first \Euclid Quick Data Release (Q1) delivers these measurements for all $H_\mathrm{E}<22.5$ objects identified in the photometric survey. In this paper, we present an overview of the SPE PF algorithm and assess its performance by comparing its results with high-quality spectroscopic redshifts from the Dark Energy Spectroscopic Instrument (DESI) survey in the Euclid Deep Field North. Our findings highlight remarkable accuracy in successful redshift measurements, with a bias of less than $3 \times 10^{-5}$ in $(z_{\rm SPE}-z_{\rm DESI})/(1+z_{\rm DESI})$ and a high precision of approximately $10^{-3}$. The majority of spectra have only a single spectral feature or none at all. To avoid spurious detections, where noise features are misinterpreted as lines or lines are misidentified, it is therefore essential to apply well-defined criteria on quantities such as the redshift probability or the \ha\ flux and signal-to-noise ratio. Using a well-tuned quality selection, we achieve an 89\% redshift success rate in the target redshift range for cosmology ($0.9<z<1.8$), which is well covered by DESI for $z<1.6$. Outside this range where the \ha\ line is observable, redshift measurements are less reliable, except for sources showing specific spectral features (e.g., two bright lines or strong continuum). Ongoing refinements along the entire chain of PFs are expected to enhance both the redshift measurements and the spectral classification, allowing us to define the large and reliable sample required for cosmological analyses. Overall, the Q1 SPE results are promising, demonstrating encouraging potential for cosmology.