QUBT ve 2. čtvrtletí zvýšila tržby na 5,6 mil. USD z 61 tis. USD před rokem, ale ztráta 11,8 mil. USD a provozní náklady ve výši 21,8 mil. USD ukazují, že ziskovost zůstává problémem.
Key Takeaways Quantum Computing's Q2 revenues surged to $5.6 million from $61 thousand a year earlier.Operating expenses more than doubled to $21.8 million, driven by payroll and acquisition costs. Quantum Computing's net loss narrowed to $11.8 million, while liquidity totaled $1.3 billion. Quantum Computing (QUBT - Free Report) or QCi’s second-quarter 2026 revenues totaled $5.6 million, up sharply from $61 thousand in the year-ago quarter and $3.7 million in the first quarter of 2026. Revenues were generated across QCi’s integrated portfolio of quantum and photonics technologies, products and services, serving a diverse mix of government, educational and commercial customers.
Growth was primarily driven by sales of photonics products that support the company’s quantum technology roadmap while also addressing existing aerospace, government and industrial applications. QCi exited the quarter with $42.5 million in contract backlog and $1.3 billion in cash, cash equivalents and investments, providing substantial liquidity to support its growth initiatives.
Despite the significant improvement in revenues and a strong liquidity position, profitability remains a key concern as the higher sales base has yet to translate into positive gross or operating results. Operating expenses totaled $21.8 million compared with $10.2 million in the second quarter of 2025, up 114%. This increase was largely due to higher headcount and related payroll costs for research and development efforts, sales and marketing and acquisition-related transaction expenses of $7.3 million. QCi reported a net loss of $11.8 million in the second quarter of 2026, narrowing from a net loss of $36.5 million in the prior-year period.
Peer UpdateRigetti (RGTI - Free Report) reported total revenues of $5.1 million, up 185.3% year over year. The company ended the second quarter of 2026 with a strong cash position and no debt, providing flexibility to continue investing behind its technology roadmap and customer opportunities. However, Rigetti’s revenue profile remains tied to the timing of system deliveries and milestone-based development work rather than recurring commercial usage. Operating loss for the quarter was $28.1 million compared with $19.9 million in the prior-year quarter.
D-Wave Quantum’s (QBTS - Free Report) second-quarter revenues were essentially flat at $3.1 million. Yet, first-half bookings surged 1,120%, including a $20 million system sale. QBTS’ remaining performance obligations were up 668%, with about 57% expected to be recognized within 12 months. Bookings have not yet translated into reported revenues at the same pace. The adjusted EBITDA loss widened to $37.1 million. QBTS’ GAAP operating expenses rose 93% year over year.
QUBT’s Share Price PerformanceOver the past year, QCi’s shares have plunged 47.4% compared with the industry’s 11.7% decline.
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QUBT’s Expensive ValuationQUBT currently trades at a forward 12-month price-to-sales (P/S) of 38.78X compared with the industry’s median of 4.09X.
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QUBT Stock Estimate TrendOver the past 30 days, QCi’s loss per share estimate for 2026 has moved south.
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QUBT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
QCi ve 2. čtvrtletí zvýšila tržby na 5,6 mil. USD, ale stále vykázala hrubou ztrátu asi 1,2 mil. USD. Provozní náklady vyskočily o 114 % na 21,8 mil. USD.
Key Takeaways QCi posted $5.6M in Q2 revenues but still recorded a gross loss of about $1.2M. QCi's operating expenses jumped 114% to $21.8M on payroll, marketing and acquisition costs. QCi spent about $180M on three buyouts, enhancing capabilities while rising integration and execution risks. Quantum Computing Inc. (QUBT - Free Report) or QCi faces a key risk as its strong revenue growth has not yet translated into positive profitability. Second-quarter 2026 revenues rose to $5.6 million from just $61,000 a year ago, but the company still reported a gross loss of about $1.2 million.
This indicates that current production volumes are not yet high enough to absorb manufacturing-related fixed costs efficiently. The company is working toward scalable commercial manufacturing and higher production volumes, which could help improve gross margins over time.
Second-quarter operating expenses also surged 114% year over year to $21.8 million, mainly due to higher personnel and payroll costs for research and development, increased sales and marketing spending, and about $7.3 million in acquisition-related transaction expenses.
QCi used approximately $180 million in cash, including transaction expenses, to acquire Luminar Semiconductor, NuCrypt and NHanced Semiconductors during the first half of 2026. These deals not only expanded QCi’s technology and manufacturing capabilities but also introduced integration and execution risks. Increasing production volumes, converting backlog into revenues and controlling expenses will therefore be critical to the company’s path toward profitability.
Peer UpdateD-Wave Quantum (QBTS - Free Report) revenues remain uneven because large system contracts still shape reported results, even as recurring commercial usage is improving underneath. Second-quarter 2026 revenues remained essentially flat year over year, while first-half revenues declined to $5.93 million from $18.10 million in the prior-year period, primarily because the year-ago period benefited from a major system sale.
Expense intensity also remains high as D-Wave funds both near-term commercialization and a multi-year technology roadmap. Second-quarter 2026 operating expenses rose 93% year over year, while first-half operating cash outflow increased to $73.5 million from $34.6 million, reflecting a 112% jump.
Rigetti’s (RGTI - Free Report) revenue profile remains tied to the timing of system deliveries and milestone-based development work rather than recurring commercial usage. Revenues reached $5.1 million in the second quarter of 2026, up from $1.8 million a year earlier, driven mainly by sales of 9-qubit Novera systems and related products.
However, concentration remains high, with one customer accounting for 64% of second-quarter 2026 revenues and another for 16%. Rigetti continues to fund a large research and infrastructure program against a small revenue base. Operating expenses rose 48% year over year to $30.3 million, including a 53% increase in R&D to $20.7 million.
QUBT’s Share Price PerformanceOver the past year, QCi’s shares have plunged 47.9% compared with the industry’s 11.7% decline.
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QUBT’s Expensive ValuationQUBT currently trades at a forward 12-month price-to-sales (P/S) of 34.61X compared with the industry’s median of 4.09X.
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QUBT Stock Estimate TrendOver the past 30 days, QCi’s loss per share estimate for 2026 has moved south.
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QUBT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
IonQ oznámila tržby za 2. čtvrtletí ve výši 80,1 milionu USD, meziročně o 287 % vyšší, a zvýšila výhled tržeb pro rok 2026 na 280–290 milionů USD. QUBT ve stejném období zvedla tržby na 5,6 milionu USD z 61 000 USD.
Key Takeaways IONQ posted $80.1M in Q2 revenues, up 287%, while QUBT rose to $5.6M from $61,000.QUBT's Fab 2, NeuraWave, Dirac-3 and $42.5M backlog broaden its commercial opportunity.Analyst targets imply 125.18% upside for QUBT versus 67.54% for IONQ, favoring QUBT. After a volatile stretch for quantum stocks, second-quarter 2026 results from IonQ (IONQ - Free Report) and Quantum Computing Inc. (QUBT - Free Report) or QCi, both offer long-term opportunity. IonQ clearly delivered the larger headline numbers. Revenues reached $80.1 million, up 287% year over year, while management raised 2026 revenue guidance to $280 million-$290 million.
Yet QUBT may have delivered the more intriguing strategic quarter. Revenues jumped to $5.6 million from just $61,000 a year earlier. QCi also added Fab 2 through NHanced, prepared NeuraWave for deployment and installed Dirac-3 at a global consulting firm. The company ended June with $1.3 billion in cash, equivalents and investments. Its backlog was $42.5 million.
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Over the past 30 days, IONQ shares have gained 24.9%, compared with 12.1% for QUBT. Investors are still giving greater weight to IONQ’s stronger revenue growth and near-term commercialization progress. However, QUBT’s latest quarter points to a broader strategy, spanning photonics, chip manufacturing and quantum computing. While these businesses are still at different stages of commercialization, they give QUBT multiple potential sources of future revenues.
Let's get into more detail.
QUBT: Investment CaseQUBT’s second-quarter revenues jumped to $5.6 million from $61,000 a year earlier and $3.7 million in the first quarter. Cash, cash equivalents and investments were $1.3 billion. The company also completed its NHanced Semiconductors acquisition, launching Fab 2 and expanding advanced packaging and U.S.-based semiconductor manufacturing. Commercial validation is emerging through the deployment of its Dirac-3 optimization machine, NeuraWave’s commercial readiness and a Planck Dynamics agreement that could support deployments of up to 100 systems with potential value exceeding $10 million, subject to milestones.
Headwinds for QUBTThe biggest concern is that QUBT remains at a very early revenue scale relative to its ambitious technology portfolio. Despite the revenue surge, second-quarter operating expenses more than doubled to $21.8 million, including $7.3 million of acquisition-related costs. The company also spent approximately $180 million on its three 2026 acquisitions, reducing cash and investments from roughly $1.5 billion at year-end 2025. With a $42.5 million backlog, investors still need evidence that acquisitions, manufacturing expansion and photonics products can translate into sustained, scalable revenues rather than primarily increasing costs and complexity.
IonQ: Investment CaseIonQ enters the second half of 2026 with a substantially larger and faster-growing commercial revenue base than QUBT. Second-quarter revenues surged 287% year over year to $80.1 million, while organic revenue growth reached 132%. Commercial customers accounted for about 60% of revenues, international revenue for about 50% and multi-product revenue for about 25%. RPO increased 297% year over year and IonQ raised 2026 revenue guidance to $280-$290 million, excluding SkyWater. Its acquisition of SkyWater also creates a vertically integrated U.S. quantum platform, while recent DARPA, NRO, Sandia and Canadian initiatives broaden its exposure to government, defense, networking and sensing markets.
Headwinds for IONQIonQ’s growth remains expensive. Second-quarter adjusted EBITDA loss was $120.3 million, while GAAP net loss reached $1.87 billion, largely driven by a noncash warrant mark-to-market impact. SkyWater-related spending also increased near-term costs. Excluding SkyWater spending, adjusted EBITDA loss would have been $95.6 million. More importantly, the $1.8-billion SkyWater acquisition raises execution and integration demands even as IonQ accelerates its hardware roadmap.
2026 Estimates: IONQ Vs. QUBTFor the full year, the Zacks Consensus Estimate for IONQ’s bottom line is pegged at a loss of $1.19 per share, implying a 34.6% improvement over the 2025 reported figure.
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In contrast, the Zacks Consensus Estimate for QUBT’S 2026 bottom line is pegged at a loss of 18 cents per share, implying a 63.6% widening over the 2025 reported loss.
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Technical Analysis: IONQ Vs. QUBTAs of Aug. 21, both stocks remained near their 50- and 200-day SMAs. IonQ traded slightly above its 50-day SMA and essentially at its 200-day SMA, signaling a relatively balanced trend after its recent recovery.
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QUBT, on Aug, 21, was also just above its 50-day SMA but remained below its 200-day SMA, indicating weaker longer-term momentum.
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Bullish Price Target for QUBT over IONQBased on short-term price targets offered by 12 analysts, the average price target for IonQ represents an increase of 67.54% from the last closing price of $41.53.
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Based on short-term price targets offered by six analysts, the average price target for QUBT represents an increase of 125.18% from the last closing price of $8.14.
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Final Take: IONQ or QUBT?Despite IONQ’s stronger revenue growth and commercialization progress, QUBT’s substantially higher 125.18% price-target upside makes it more attractive at present. This view also aligns with its Zacks Rank #3 (Hold), versus IONQ’s Zacks Rank #4 (Sell). Investors may consider booking profits in IONQ after its strong recent run, particularly given its elevated valuation, significant losses and integration risks following the SkyWater deal. Meanwhile, QUBT’s strategic expansion, strong liquidity and higher upside support a hold stance while investors await further execution. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Quantum Computing Inc. zvýšila tržby ve 2. čtvrtletí 2026 na 5,6 milionu USD z 61 tisíc USD a objednávková kniha dosáhla zhruba 42,5 milionu USD. Společnost také dodala systém Dirac-3 globální poradenské firmě.
Key Takeaways QUBT's revenues surged, backlog hit $42.5 million, and Dirac-3 was delivered to a global firm.QNT's revenues jumped 279%, with $81 million in year-to-date bookings and a $28-$32 million outlook.QUBT and QNT offer differentiated growth paths as investors demand stronger commercial evidence. The quantum-computing trade has entered a more demanding phase in the second half of 2026. After a powerful rally earlier this year, investors are increasingly looking beyond qubit milestones and government support toward revenue visibility, cash requirements and commercialization. This shift comes as the macro backdrop becomes less favorable for high-risk growth stocks within the quantum computing space.
Against this backdrop, two pure-play quantum computing stocks outside the sector's leading names that are showing notable commercial momentum are Quantum Computing Inc. (QUBT - Free Report) or QCi and Quantinuum Inc. (QNT - Free Report) . Let’s delve deeper.
A Cooling Labor MarketThe Federal Reserve kept the federal funds target range at 3.5%-3.75% at its July 29 meeting, while inflation remains elevated. Going by the BLS’ July CPI report, released in August 2026, the July Consumer Price Index (CPI) rose 3.4% year over year, with core CPI up 2.5%, while the energy index increased 14.7% for the 12 months ending July. The labor market is also cooling. July nonfarm payrolls declined 23,000, with unemployment at 4.1%, according to the BLS’ August-released Employment Situation Summary report.
Higher Yields, Persistent Inflation and Fiscal Risks Add PressureThe macro backdrop is becoming less forgiving for long-duration, speculative technology stocks. The BEA's latest Personal Income and Outlays report showed the personal consumption expenditures (PCE) price index rising 3.7% year over year in June, while core PCE increased 3.3%. Although the headline PCE index fell 0.1% month over month, underlying inflation remains well above the Federal Reserve's 2% target, limiting the scope for rapid monetary easing.
Producer-price pressures add to the challenge. July Producer Price Index (PPI) rose 4.7% year over year, although the index was unchanged month over month. Prices excluding food, energy and trade services also rose 4.7% over the 12 months ended in July, suggesting that cost pressures remain elevated.
Image Source: The U.S. Bureau of Economic Analysis (BEA)
At the same time, real consumer spending increased 0.4% in June, according to the BEA, indicating that the U.S. economy still has an important source of resilience. That makes the backdrop less about an outright economic downturn and more about persistent inflation, elevated borrowing costs and a higher hurdle for speculative investments.
The bond market is adding another layer of pressure. Reuters reported on Aug. 21 that U.S. long-term yields remained elevated, with the 30-year Treasury yield around 5.25%, as investors weighed inflation, fiscal deficits and a U.S. debt load that has surpassed $40 trillion. Oil prices also climbed amid renewed Middle East tensions, increasing the risk that energy inflation could complicate the Fed's policy path.
For quantum stocks, the message is increasingly clear- technological promise alone is no longer enough. Investors want evidence that bookings, partnerships and technical milestones can translate into scalable commercial revenue.
Why IONQ and QBTS Are Under PressureThe pressure on prime-line pureplay quantum stocks like IonQ (IONQ - Free Report) and D-Wave Quantum (QBTS - Free Report) is therefore not necessarily a rejection of quantum technology. It reflects the widening gap between ambitious long-term opportunities and near-term financial execution. IonQ delivered an impressive 287% year-over-year increase in its second-quarter revenues and raised its 2026 revenue outlook to $280-$290 million. However, its valuation remains lumpy, while the company continues to invest heavily in expansion and integration following the SkyWater acquisition. IONQ currently has a Zacks Rank #4 (Sell).
D-Wave faces a different challenge. First-half bookings surged 1,120% year over year, but second-quarter revenue was only $3.1 million, essentially flat from a year earlier. The disparity shows the sector's key bottleneck- turning bookings, pilots and technical advances into recurring revenue at scale. QBTS also carries a Zacks Rank #4 right now.
Government Support is Strong - But Commercialization Still MattersWashington continues to support the strategic development of quantum computing. A June 22 White House executive order called for a national effort to develop a powerful quantum computer and accelerate quantum capabilities for commercial applications. The Department of Energy subsequently launched its Quantum Genesis initiative targeting scientifically relevant, fault-tolerant quantum computers.
These initiatives strengthen the industry's long-term opportunity, but government support does not eliminate execution risk. Quantum companies still face hardware-scaling, error-correction, manufacturing, data-preparation and customer-adoption bottlenecks.
QUBT: Diversification Creates a Different Growth ProfileQuantum Computing or QCi’s second-quarter 2026 revenues jumped to $5.6 million from $61,000 a year earlier, while contract backlog reached approximately $42.5 million. The company also completed its NHanced Semiconductors acquisition and delivered its Dirac-3 quantum optimization system to a global consulting firm. Importantly, QUBT is building exposure across quantum photonics, semiconductors and quantum optimization rather than relying on a single hardware pathway.
The stock currently carries a Zacks Rank #3 (Hold). Based on short-term price targets offered by six analysts, the average price target for QCi comes to $18.33, representing an increase of 125.2% from the last closing price of $8.14.
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QNT: Commercial Momentum Is AcceleratingQuantinuum offers another differentiated route into quantum computing, with an enterprise-focused full-stack model spanning hardware, software and applications. Its second quarter revenue increased 279% year over year, while the company raised its 2026 revenue outlook to $28-$32 million and reported year-to-date bookings of $81 million. Its Helios system also demonstrated near-five-nines logical fidelity, strengthening its technology proposition. Quantinuum's planned integration with Oracle Cloud Infrastructure provides another potential avenue for enterprise adoption. With more than $2 billion of cash, cash equivalents and short-term investments after its IPO, QNT has substantial resources to fund development. Its key risk remains valuation and the long path to profitability.
The stock also carries a Zacks Rank #3. Based on short-term price targets offered by 12 analysts, the average price target for Quantinuum comes to $97.17, representing an increase of 77% from the last closing price of $54.90. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
QUBT prodala, dodala a nainstalovala svůj systém Dirac-3 u globální poradenské firmy. Zároveň NeuraWave dosáhl připravenosti k nasazení a rámcová dohoda s Planck Dynamics může přesáhnout 10 milionů USD.
Key Takeaways QUBT sold, delivered and installed its Dirac-3 quantum optimization machine at a global consulting firm. QUBT's NeuraWave reached deployment readiness, combining photonic and digital computing for AI inference. QUBT's Planck Dynamics framework deal could exceed $10 million as specified customer milestones are met. Quantum Computing Inc. or “QCi” (QUBT - Free Report) expanded customer adoption across its quantum optimization and photonic computing platforms. The company successfully sold, delivered and installed its Dirac-3 quantum optimization machine at a leading global consulting firm. The Dirac-3 system will support enterprise customers on complex optimization applications, including portfolio optimization.
NeuraWave, its next-generation photonic reservoir computing platform, also reached deployment readiness. This platform combines photonic and digital computing to deliver fast, energy-efficient AI inference and advanced signal processing for edge computing applications across defense, telecommunications, robotics, healthcare industrial monitoring and other markets.
QCi entered into a framework agreement with Planck Dynamics to support the deployment of almost multiple dozens of NeuraWave photonic reservoir computing systems as customer milestones are achieved. The agreement represents an important commercial validation of NeuraWave’s readiness to address emerging AI infrastructure requirements with a potential aggregate program value in excess of $10 million, subject to the achievement of specified customer milestones and other conditions.
QCi also received an order from a leading university for its quantum-secure communications system, supporting further research and signaling continued customer traction.
Peer UpdateRigetti (RGTI - Free Report) will deliver a 9-qubit Novera system to the Pittsburgh Supercomputing Center’s TangleLab testbed, expanding its quantum-HPC collaboration. The company is also fulfilling on-premises systems, including a 108-qubit program for C-DAC in India, amid continued demand from universities, national labs and research organizations.
D-Wave Quantum (QBTS - Free Report) announced several new and renewed commercial and research customer engagements, including AT&T, Nasdaq Verafin, Oki Electric, Shionogi, Unisys, and one of the world’s largest gambling and entertainment companies. The company also announced a forthcoming gate-model quantum computing simulator, which is expected to be the first specifically designed for error-aware programming.
QUBT’s Share Price PerformanceOver the past year, QCi’s shares have plunged 43.1% compared with the industry’s 12.6% decline.
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QUBT’s Expensive ValuationQUBT currently trades at a forward 12-month price-to-sales (P/S) of 41.05X compared with the industry’s median of 4.10X.
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QUBT Stock Estimate TrendOver the past 30 days, QCi’s loss per share estimate for 2026 has moved south.
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QUBT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
QUBT zakončila 2. čtvrtletí 2026 s aktivy kolem 1,64 mld. USD a likviditou 1,3 mld. USD. Na akvizice Luminar Semiconductor, NuCrypt a NHanced Semiconductors utratila asi 180 mil. USD v hotovosti.
Key Takeaways QUBT ended Q2 2026 with about $1.64 billion in total assets and $1.3 billion in liquidity.QUBT used about $180 million in cash to acquire Luminar Semiconductor, NuCrypt and NHanced Semiconductors.
QUBT's liabilities rose to $47.2 million, while stockholders' equity remained about $1.6 billion.
Quantum Computing Inc. (QUBT - Free Report) or “QCi” continues to maintain a strong, well-capitalized balance sheet, providing substantial financial flexibility as the company integrates its recent acquisitions and invests in its broader quantum, photonics, semiconductor, and advanced manufacturing strategy.
The company ended the second quarter of 2026 with total assets worth approximately $1.64 billion, which remained unchanged compared with the first quarter. This indicates that QCi’s overall financial position remained largely unchanged despite significant strategic investments and acquisition activity during the first half of 2026.
Liquidity remained substantial. Cash, cash equivalents and investments totaled approximately $1.3 billion compared with $1.4 billion as of March 31, 2026. The reduction in the company’s cash and investment position primarily reflects capital deployment toward strategic expansion initiatives rather than a significant deterioration in underlying liquidity. During the first half of 2026, QCi completed the acquisitions of Luminar Semiconductor, Inc., NuCrypt, and NHanced Semiconductors, Inc., using approximately $180 million in cash, including transaction-related expenses, to complete these transactions.
Total liabilities increased to approximately $47.2 million from $23.4 million at the end of the first quarter. However, the liabilities remain much lower than the cash levels. Stockholders’ equity remained approximately $1.6 billion, underscoring the company’s strong capitalization following its recent financing and investment activities.
Peer UpdateRigetti (RGTI - Free Report) exited the first quarter of 2026 with cash, cash equivalents and short-term available-for-sale investments of $418.2 million compared with $443.5 million at the end of the fourth quarter of 2025. The company ended the quarter with no debt on its balance sheet, underscoring a solid solvency position. This means Rigetti has ample liquidity to fund its operations and roadmap execution without near-term financing pressure, which is a valuable cushion in an industry where research and development costs remain high.
D-Wave Quantum (QBTS - Free Report) reported cash and cash equivalents of $338.2 million and marketable investment securities of $250.2 million for the first quarter. Operating cash outflow was $45 million in the first quarter, while investing cash outflow included $250.8 million of cash consideration for the Quantum Circuits acquisition. Even after that step-down, the balance sheet supports continued investment in R&D, sales coverage and system installations. Leap Cloud entered 2026 with utilization below 50%, leaving ample capacity headroom, while additional annealing systems can be deployed within months at relatively modest cost.
QUBT’s Share Price PerformanceOver the past year, QCi’s shares have plunged 44.3% compared with the industry’s 15% decline.
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QUBT’s Expensive ValuationQUBT currently trades at a forward 12-month price-to-sales (P/S) of 70.21X compared with the industry’s median of 4.10X.
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QUBT Stock Estimate TrendOver the past 30 days, QCi’s loss per share estimate for 2026 has moved south.
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QUBT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Quantum Computing Inc. (QUBT - Free Report) came out with a quarterly loss of $0.05 per share in line with the Zacks Consensus Estimate. This compares to a loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this company would post a loss of $0.05 per share when it actually produced a loss of $0.02, delivering a surprise of +60%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Quantum Computing Inc., which belongs to the Zacks Internet - Software industry, posted revenues of $5.55 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 18.11%. This compares to year-ago revenues of $0.06 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Quantum Computing Inc. shares have lost about 10.5% since the beginning of the year versus the S&P 500's gain of 13.3%.
What's Next for Quantum Computing Inc.?While Quantum Computing Inc. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Quantum Computing Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.05 on $6.25 million in revenues for the coming quarter and -$0.14 on $21.67 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
A2Z Cust2Mate Solutions Corp. (AZ - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 12.
This company is expected to post quarterly loss of $0.16 per share in its upcoming report, which represents a year-over-year change of +48.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
A2Z Cust2Mate Solutions Corp.'s revenues are expected to be $3.4 million, up 193.1% from the year-ago quarter.
Quantum Computing Inc. ve 2. čtvrtletí zvýšila tržby na 5,6 milionu USD z 61 tisíc USD před rokem. Zároveň dokončila akvizici NHanced Semiconductors a uzavřela čtvrtletí s 1,3 miliardy USD v hotovosti, peněžních ekvivalentech a investicích.
Q2 revenue increases to $5.6 million from $61 thousand in Q2 '25 Company completes strategic acquisition of NHanced Semiconductors, Inc., launching Fab 2 to advance key roadmap initiatives and expand U.S.-based manufacturing capabilities Ends quarter with $1.3 billion in cash, cash equivalents and investments , /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), a vertically integrated quantum company pioneering photonics and semiconductor manufacturing, today released financial results for the three months ended June 30, 2026.
Dr. Yuping Huang, Chief Executive Officer of QCi, commented, "During the second quarter, we continued to execute on our strategy of making our quantum products smaller, more practical and more accessible. Our room-temperature photonic architecture continues to differentiate QCi by providing a pathway to practical quantum systems with significantly lower complexity, cost and power requirements than competing approaches. At the same time, we are expanding the capabilities of fast prototyping and volume production that not only support our future quantum roadmap but also address growing commercial markets today.
"With the acquisition of NHanced Semiconductors, Inc. ("NHanced") – our third acquisition this year – we launched Fab 2 ahead of schedule, significantly expanding our advanced packaging and semiconductor manufacturing capabilities and accelerating our transition toward scalable, cost-effective production of miniaturized nanophotonic quantum technologies. During the quarter, we also brought NeuraWave, our next-generation photonic reservoir computing platform, to commercial readiness, and subsequently entered into a framework agreement with Planck Dynamics. This agreement supports the deployment of our NeuraWave systems for next-generation AI applications, providing strong market validation of our photonic computing technology.
"In addition, we successfully delivered and installed our Dirac-3 quantum optimization machine at a leading global consulting firm for use with its enterprise customers on complex optimization applications, including portfolio optimization. This deployment represents another important commercial milestone for QCi and demonstrates growing market demand for practical quantum optimization solutions.
"We also received a purchase order from a world-leading university for our quantum secure communications system. This order represents continued commercial traction for our quantum communications portfolio and further recognition of our technology by a premier research institution.
"Supported by a strong balance sheet, we remain well positioned to continue integrating our recent acquisitions, expand our commercial and government customer base and invest in the technologies and manufacturing capabilities that support both our commercial businesses and our long-term quantum roadmap. As we look to the second half of 2026, we stay focused on executing our roadmap and delivering on our mission of putting quantum into the hands of everybody."
Second Quarter 2026 Financial Highlights
Second quarter 2026 revenues totaled $5.6 million compared to $61 thousand in the second quarter of 2025, and $3.7 million in the first quarter of this year. Second quarter revenue was generated across QCi's integrated portfolio of quantum and photonics technologies, products and services, serving a diverse range of government, educational, and commercial customers. Revenue was primarily driven by sales of photonics products that support QCi's quantum technology roadmap while also addressing a broad range of existing aerospace, government and industrial applications. Operating expenses totaled $21.8 million compared to $10.2 million in the second quarter of 2025, up 114%. The year-over-year increase was largely due to higher headcount and related payroll costs for research and development efforts, sales and marketing, and acquisition-related transaction expenses of $7.3 million. Interest and other income totaled $13 million compared to $1.8 million in the second quarter of 2025. The increase was due to interest income generated from the Company's larger cash and investment positions. The Company reported a net loss of $11.8 million, or a loss of $0.05 per basic share for the second quarter of 2026, compared to a net loss of $36.5 million or a loss of $0.26 per basic share, for the prior year period. The main reasons for the decrease in net loss were the change in fair value of a derivative liability, and higher revenue and interest income. In the second quarter of 2025 the Company realized a $28 million non-cash loss on the mark-to-market valuation of the Company's warrant derivative liability, compared with a mark-to-market loss of only $1.7 million in the second quarter of 2026. As we have previously disclosed, the derivative liability is related to the merger with QPhoton in June 2022 and warrants issued with that transaction. Total assets as of June 30, 2026 were approximately $1.6 billion, relatively unchanged compared to December 31, 2025. Cash, cash equivalents and investments totaled approximately $1.3 billion as of June 30, 2026, compared to approximately $1.5 billion at year-end 2025. The cash balance reported at the end of the second quarter reflects our acquisitions of Luminar Semiconductor, Inc., NuCrypt, and NHanced Semiconductors, for which we used approximately $180 million in cash, including transaction expenses. Total liabilities as of June 30, 2026 were $47.2 million, an increase of $26.5 million compared to year-end 2025. As of June 30, 2026, the Company had stockholders' equity totaling $1.6 billion. As of June 30, 2026, contract backlog was approximately $42.5 million. Second Quarter 2026 Operational Highlights
Sold and Delivered Dirac-3 Quantum Optimization System: During June, QCi successfully sold, delivered and installed its Dirac-3 quantum optimization machine at a leading global consulting firm. The Dirac-3 system will support enterprise customers on complex optimization applications, including portfolio optimization. This represents an important commercial milestone for QCi's quantum optimization business. Achieved Deployment-Ready NeuraWave: During the second quarter, QCi announced that NeuraWave, its next-generation photonic reservoir computing platform, reached deployment readiness. NeuraWave combines photonic and digital computing to deliver fast, energy-efficient AI inference and advanced signal processing for edge computing applications across defense, telecommunications, robotics, healthcare industrial monitoring and other markets. Executed Framework Agreement with Planck Dynamics for NeuraWave Deployment: During the second quarter, QCi entered into a framework agreement with Planck Dynamics supporting the deployment of up to multiple dozens of NeuraWave photonic reservoir computing systems as customer milestones are achieved. The agreement represents an important commercial validation of NeuraWave's readiness to address emerging AI infrastructure requirements and establishes a commercial framework with a potential aggregate program value in excess of $10 million, subject to the achievement of specified customer milestones and other conditions. Acquisition of NHanced Semiconductors, Inc.: During the second quarter, QCi completed the acquisition of NHanced Semiconductors, Inc., a U.S.-based advanced packaging foundry, for a combination of cash and QCi stock valued at $73.1 million, and up to an additional $72.0 million if certain performance targets are achieved. The NHanced acquisition launches Fab 2 ahead of schedule, significantly expanding QCi's advanced packaging, semiconductor manufacturing and photonic integration capabilities while broadening the customer base served by these capabilities. Received Purchase Order from A World-Leading University For Quantum Secure Communications System: During the second quarter, QCi received an order from a leading university for its quantum secure communications system. The order reflects continued commercial traction and growing recognition of QCi's quantum communications technology and will support the university's research and development efforts to evaluate quantum-secure communications solutions as part of its work to advance secure networks of the future. Expanded Industry Engagement: During the second quarter, QCi participated in eight industry conferences and events, including The Economist Commercialising Quantum Global 2026 conference, Quantum Tech World conference and the Optica Quantum Industry Summit, strengthening customer relationships, strategic partnerships and QCi's visibility across the photonics and quantum technology ecosystem. Earnings Conference Call
The Company will host its second quarter 2026 call today, Monday, August 10, 2026, at 4:30 p.m. ET. To access the live webcast of the conference call, visit the QCi Investor Relations page at https://quantumcomputinginc.com/investor-relations. Investors may also access the webcast via the following link: https://www.webcaster5.com/Webcast/Page/3051/54283.
To participate in the call by phone, dial (888) 506-0062 approximately five minutes prior to the scheduled start time. International callers please dial (973) 528-0011. Callers should use access code: 222858.
A replay of the teleconference will be available until August 24, 2026, and may be accessed by dialing (877) 481-4010. International callers may dial (919) 882-2331. Callers should use conference ID: 54283.
About Quantum Computing Inc.
Quantum Computing Inc. (Nasdaq: QUBT) is a vertically integrated quantum company pioneering photonics and semiconductor manufacturing, and delivering accessible, scalable, and cost-effective quantum machines, photonics products, and advanced packaging. The Company provides foundry services for photonic chips and semiconductor manufacturing and offers a vertically integrated portfolio spanning photonics and electronic components, subsystems, and full-stack systems.
Designed to operate at room-temperature with low-power requirements, QCi's technologies enable practical deployment across high-growth markets, including high-performance computing, artificial intelligence, cybersecurity, aerospace and defense, and advanced sensing and imaging.
Headquartered in Hoboken, New Jersey, QCi also has operations in Arizona, California, Illinois, Indiana, Massachusetts, North Carolina and Virginia. By combining advanced materials, device engineering, and scalable manufacturing, QCi delivers integrated quantum, photonics, and semiconductor technologies, accelerating commercialization and real-world adoption.
Company Contact:
John Nesbett/Zach Nevas
IMS Investor Relations
[email protected]
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our expectations of future results, operational expansion and business strategy are forward-looking statements. The words "believe," "may," "will," "estimate," "potential," "continue," "anticipate," "intend," "expect," "strategy," "future," "could," "would," "project," "plan," "target," and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to, future demand for quantum and photonic products, the Company's ability to scale its technology and manufacturing capabilities, the Company's ability to integrate and benefit from recent acquisitions, and the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC's website at www.sec.gov and the Investor Relations section of our website at https://quantumcomputinginc.com/investor-relations, which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
QUANTUM COMPUTING INC.
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income
(Unaudited, in thousands, except per share data)
Three Months Ended
June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Revenue
$ 5,551
$ 61
$ 9,242
$ 100
Cost of revenue
6,717
35
11,129
61
Gross (loss) profit
(1,166)
26
(1,887)
39
Operating expenses
Research and development
8,428
5,975
15,397
8,960
Sales and marketing
1,932
680
3,529
1,352
General and administrative
11,487
3,542
22,750
8,184
Total operating expenses
21,847
10,197
41,676
18,496
Loss from operations
(23,013)
(10,171)
(43,563)
(18,457)
Non-operating income (expense)
Interest and other income
12,954
1,843
26,449
3,539
Interest expense
(12)
(58)
(183)
(116)
Change in fair value of derivative liability
(1,682)
(28,096)
1,494
(4,466)
Loss before income tax provision
(11,753)
(36,482)
(15,803)
(19,500)
Income tax provision
-
-
-
-
Net loss attributable to common stockholders
(11,753)
(36,482)
(15,803)
(19,500)
Other comprehensive loss:
(945)
-
(4,767)
-
Total comprehensive loss
$ (12,698)
$ (36,482)
$ (20,570)
$ (19,500)
Loss per share:
Basic
$ (0.05)
$ (0.26)
$ (0.07)
$ (0.14)
Diluted
$ (0.05)
$ (0.26)
$ (0.07)
$ (0.14)
Weighted average shares used in computing net
loss per common share:
Basic
224,727
141,401
224,355
138,326
Diluted
224,727
141,401
224,355
138,326
QUANTUM COMPUTING INC.
Condensed Consolidated Balance Sheets
(Unaudited, in thousands, except par value data)
June 30, 2026
December 31,
2025
Assets
Current assets:
Cash and cash equivalents
$ 189,150
$ 737,880
Accounts receivable, net
6,856
519
Inventory
12,837
352
Short term investments
765,020
379,421
Accrued interest receivable
7,542
3,634
Prepaid expenses and other current assets
6,906
11,914
Total current assets
988,311
1,133,720
Property and equipment, net
42,898
12,971
Operating lease right-of-use assets
23,146
2,353
Intangible assets, net
29,107
6,500
Goodwill
181,455
55,573
Long-term investments
369,284
403,121
Accrued interest receivable - long term
3,920
4,551
Other non-current assets
1,082
131
Total assets
$ 1,639,203
$ 1,618,920
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
$ 4,078
$ 778
Accrued expenses
6,951
9,135
Deferred revenue
3,774
395
Other current liabilities
3,797
766
Total current liabilities
18,600
11,074
Derivative liability
6,279
7,773
Operating lease liabilities
21,102
1,808
Other non-current liabilities
1,184
—
Total liabilities
47,165
20,655
Commitments and Contingencies (see Note 10)
Stockholders' equity:
Preferred stock, $0.0001 par value, 1,550 shares Series A Preferred authorized; no shares issued and
outstanding as of June 30, 2026 and December 31, 2025, respectively; 3,080 shares of Series B Preferred
Stock authorized; no shares issued and outstanding as of March 31, 2026 and December 31, 2025,
respectively
-
-
Common stock, $0.0001 par value, 450,000 shares authorized; 226,319 and 224,165 shares issued and
outstanding as of June 30, 2026 and December 31, 2025, respectively
Quantum Computing Inc. koupila NHanced Semiconductors za 73,1 milionu USD, čímž posiluje domácí výrobu čipů a urychluje rozjezd Fab 2. Firma také získala objednávku na pět systémů NeuraWave s dodáním v roce 2026.
Key Takeaways QUBT acquired NHanced to expand U.S. semiconductor manufacturing and accelerate Fab 2 rollout. Quantum Computing secured a Planck Dynamics deal for five NeuraWave systems, with 2026 delivery expected. QUBT is broadening its quantum portfolio through manufacturing expansion and edge AI initiatives. Quantum Computing Inc. (QUBT - Free Report) or "QCi" has pursued several strategic initiatives to strengthen its manufacturing capabilities and broaden its quantum technology portfolio. The company acquired NHanced Semiconductors, Inc. (NHanced), for a combination of cash and QCi stock valued at $73.1 million, subject to customary adjustments and up to an additional $72.0 million if certain performance targets are achieved.
This acquisition marks a significant step in QCi's strategy to build a stronger domestic semiconductor manufacturing base. The acquisition builds on the successful launch of Fab 1 in Tempe, AZ, and accelerates the rollout of Fab 2, allowing the company to scale its manufacturing capacity years ahead of its original plan.
Also, photonic reservoir computing has emerged as an important computing architecture for edge AI, enabling efficient processing of data directly at the point of generation. Driven by this demand, QCi recently received a purchase order and entered into a framework agreement with Planck Dynamics to deploy QCi’s NeuraWave photonic reservoir computer as a foundational platform for next-generation AI applications. Under the terms of the agreement, QCi received an initial purchase order for five NeuraWave systems, with delivery expected during 2026.
Peer UpdateD-Wave Quantum Inc. (QBTS - Free Report) announced its forthcoming gate-model quantum computing simulator, which is expected to be the first of its kind designed for error-aware programming. QBTS continues to advance its annealing platform through Advantage2 and the Leap cloud service.
Rigetti Computing, Inc. (RGTI - Free Report) announced that it has signed a letter of intent (LOI) with the U.S. Department of Commerce for an award of up to $100 million in funding over three years to accelerate superconducting quantum computing R&D. Rigetti achieved a two-qubit gate fidelity as high as 99.9% at 28-nanosecond gate speed on a prototype platform using its new proprietary adiabatic CZ scheme.
QUBT’s Share Price PerformanceOver the past year, QCi’s shares have plunged 55.1% compared with the industry’s 16.3% decline.
Image Source: Zacks Investment Research
QUBT’s Expensive ValuationQUBT currently trades at a forward 12-month price-to-sales (P/S) of 71.25X compared with the industry’s median of 5.25X.
Image Source: Zacks Investment Research
QUBT Stock Estimate TrendIn the past 30 days, QCi’s loss per share estimate for 2026 has remained unchanged at 14 cents.
Image Source: Zacks Investment Research
QUBT currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Quantum Computing Inc. dokončila akvizici NHanced Semiconductors za 73,1 mil. USD s možností dalších 72,0 mil. USD při splnění cílů. Transakce rozšiřuje výrobní kapacity a urychluje přechod k komerční produkci.
Strategic acquisition launches Fab 2 to accelerate key roadmap initiatives and expands manufacturing capabilities , /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, quantum optics and integrated photonics technology company, today announced the completion of acquiring NHanced Semiconductors, Inc. ("NHanced"), for a combination of cash and QCi stock valued at $73.1 million, subject to customary adjustments, and up to an additional $72.0 million if certain performance targets are achieved (the "Transaction").
The acquisition marks an important step in QCi's transition from research-driven innovation and prototyping to scalable commercial production. By adding semiconductor and nanophotonics fabrication capabilities, advanced packaging expertise and specialized engineering talent, QCi is strengthening its operational capabilities and manufacturing readiness. Advanced photonics technology and manufacturing are at the core of QCi's commercialization roadmap. The recent acquisition and successful integration of Luminar Semiconductor Inc. have installed world-class expertise and fabrication in laser, light detection, photonic packaging, and testing at QCi. This acquisition will provide the foundation for scalable chip-manufacturing of the Company's quantum and photonics technologies, supporting commercialization efforts and advancing its vision of a vertically integrated platform spanning research, development and manufacturing. It positions QCi to address growing market demand across quantum computing, sensing, networking, and photonics markets while accelerating the path from innovation to market deployment. Aside from its quantum technology and product portfolio, QCi now also offers leading-edge services, products, and solutions in semiconductor and nanophotonics manufacturing, lasers, detectors, testing, and packaging.
"The acquisition of NHanced significantly enhances our nanophotonics manufacturing capabilities and strengthens QCi's ability to execute its long-term growth strategy. Last year, we successfully completed and operationalized Fab 1, a pioneering, small-scale manufacturing facility in Tempe, Arizona. Today, we are delivering on our commitment to launch Fab 2 and expand our manufacturing capabilities and capacity years ahead of our original timeline. By adding proven fabrication assets and deep technical expertise, we are accelerating commercialization across all verticals and substantially advancing the development and scaling of our thin-film lithium niobate (TFLN) photonic integrated circuit platform. The expanded manufacturing footprint will increase production flexibility, enhance operational resilience and support future revenue growth. The Transaction accelerates our path to commercial-scale production and reflects our commitment to strategically investing in infrastructure that drives long-term growth and shareholder value. We look forward to welcoming the talented NHanced team to QCi and combining our strengths to advance the commercialization of quantum and photonic technologies," said Yuping Huang, CEO of QCi.
NHanced is a U.S-based advanced packaging foundry specializing in integration, hybrid bonding, chiplet architectures, silicon interposers and photonics device integration. Its expertise in advanced semiconductor packaging and manufacturing complements QCi's photonic and quantum portfolio, creating opportunities to accelerate commercialization and scale next-generation quantum and photonics solutions enabled by the 2.5D/3D heterogeneous integration and scale-up of QCi's TFLN-on-Silicon Photonics technologies.
The acquisition is expected to strengthen domestic manufacturing capabilities, bolster supply-chain resilience and support the development of advanced photonic chips for applications spanning quantum computing, artificial intelligence, networking, secure communications and defense technologies. This acquisition bridges the gap between quantum innovation and scalable semiconductor products, helping bring next-generation photonics and quantum solutions to market more efficiently.
"Joining forces with QCi marks an exciting new chapter for our company, our employees and our technology. Over the years, we have built a world-class semiconductor platform with a focus on innovation, manufacturing, excellence and customer success. By combining our expertise with QCi's vision for photonic and quantum technologies, we believe we can accelerate the commercialization and manufacturing of next-generation solutions and create greater value for customers and partners. We are proud of what our team has accomplished and look forward to contributing to QCi's mission," said Bob Patti, CEO of NHanced.
NHanced will operate as a wholly owned subsidiary of QCi, remaining committed to supporting its current customers and partners, including those within the quantum ecosystem, and will continue to provide the products, services and technical expertise its customers rely on today while pursuing new opportunities for growth and innovation.
Rosenblatt served as financial advisor, and Wilson Sonsini Goodrich & Rosati, Professional Corporation served as legal counsel, to QCi. Needham & Company served as financial advisor, and Taft Stettinius & Hollister LLP served as legal counsel, to NHanced.
About Quantum Computing Inc.
Quantum Computing Inc. (Nasdaq: QUBT) is a quantum optics and integrated photonics company focused on delivering accessible, scalable, and cost-effective quantum machines and photonic solutions. The Company provides foundry services for thin-film lithium niobate ("TFLN") photonic chips and offers a vertically integrated portfolio spanning photonics components, subsystems, and full-stack systems.
Designed to operate at room-temperature with low-power requirements, QCi's technologies enable practical deployment across high-growth markets, including high-performance computing, artificial intelligence, cybersecurity, aerospace and defense, and advanced sensing and imaging.
Headquartered in Hoboken, New Jersey, QCi has operations in Arizona, California, Illinois, Massachusetts and Virginia. By combining advanced materials, device engineering, and scalable manufacturing, QCi delivers integrated quantum and photonics technologies, accelerating commercialization and real-world adoption.
Company Contact:
John Nesbett/Zach Nevas
IMS Investor Relations
[email protected]
Forward-Looking Statements
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements and forecasts, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "enhance," "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief, or current expectations of QCi and members of its management as well as the assumptions on which such statements are based. Any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the occurrence of any event, change or other circumstances under which the anticipated benefits of the Transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of NHanced, diversion of management's attention from ongoing business operations and opportunities, operating costs and business disruption following the Transaction, exposure to potential litigation, the integration of NHanced's products and technologies with QCi, and the acceleration of QCi's development roadmap, supply chain risks, NHanced customer retention risks, and that actual results (including revenue growth and value creation) may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward- looking statements to reflect changed conditions.
Společnost QUBT vykázala rekordní tržby ve výši 3,7 mil. USD za 1. čtvrtletí 2026 a zakončila období s backlogem 16 mil. USD a zhruba 1,4 mld. USD v hotovosti a investicích. Průměrný cenový cíl analytiků naznačuje 73,9% růst.
Key Takeaways QUBT posted record $3.7M first-quarter 2026 revenues, driven by Luminar Semiconductor and NuCrypt buyouts.Quantum Computing ended the quarter with a $16M contract backlog and about $1.4B in cash and investments.QUBT regained its 50-day moving average, while analysts' average price target implies 73.9% upside. Quantum Computing Inc. (QUBT - Free Report) or QCi has delivered a modest 6.2% gain over the past two months, trailing the broader Computer & Technology sector's 11.8% advance and the company’s direct peer IonQ’s (IONQ - Free Report) 23.2% growth. The relative underperformance stands in contrast to the company's improving fundamentals, raising an important question for investors: Is it time to book profits, or does the stock still have room to run? Let’s find out.
QUBT: 60-day Price Performance
Image Source: Zacks Investment Research
The fundamental picture for QCi has strengthened meaningfully in recent months. The Zacks Consensus Estimate for second-quarter 2026 and the current year has risen over the past 60 days, reflecting growing confidence in the company's execution.
Estimates for first-quarter loss per share have narrowed by 1 cent to a loss of 5 cents per share in the past 60 days. The same for the current year has narrowed by 10 cents to a loss of 14 cents per share in the said time frame.
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The upward estimate revisions follow a solid first-quarter 2026 report, in which QUBT posted record revenues of $3.7 million, driven primarily by the Luminar Semiconductor and NuCrypt acquisitions. The company ended the quarter with a $16 million contract backlog and approximately $1.4 billion in cash, cash equivalents and investments.
QUBT management also reiterated its strategy of transitioning from a technology innovator to a volume manufacturer through Fab 2, expanding commercial deployments, advancing next-generation quantum hardware and strengthening its integrated photonics platform.
QUBT 50-and-200-Day SMAs
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While the fundamental outlook has improved, the technical setup also suggests the rally may not be fully mature yet. QUBT has regained its 50-day simple moving average, reflecting improving short-term momentum, but the shares continue to trade below the 200-day moving average, a closely watched long-term resistance level. Any significant move above that threshold could support bullish sentiment.
Upbeat Target Price TooBased on short-term price targets from six analysts, the average price target for Quantum Computing represents a 73.9% increase over the last closing price of $10.54.
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Our TakeQUBT appears well-positioned for additional upside. Rising earnings estimates, a strong balance sheet, expanding commercialization efforts and favorable quantum computing tailwinds support its long-term growth story. The stock's recent underperformance relative to the broader technology sector also suggests that much of its improving fundamental outlook may not yet be fully reflected in the share price. Backing this optimism, QUBT currently carries a Zacks Rank #2 (Buy), making the stock worth considering for investors seeking exposure to the fast-growing quantum computing space. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
