@indigozxmbie, I believe so; it's definitely not optimized yet, since it's still in the alpha phase of development. I turned settings down to medium-high (with exception of view distance) on my GTX 970 to reach stable 40-60fps.
If anyone's interested in joining up in Squad, give me a shout on Steam! TGxReconZeroCP, I'd love to join up with others if anyone has decided to pick it up.