Quantum Computing (NASDAQ:QUBT – Get Free Report)‘s stock had its “buy” rating restated by research analysts at Rosenblatt Securities in a research note issued on Monday, Benzinga reports. They presently have a $22.00 price target on the stock. Rosenblatt Securities’ price objective indicates a potential upside of 235.11% from the stock’s previous close.
A number of other brokerages have also recently issued reports on QUBT. Cantor Fitzgerald reiterated a “neutral” rating and set a $10.00 target price on shares of Quantum Computing in a report on Tuesday, August 11th. Lake Street Capital restated a “buy” rating on shares of Quantum Computing in a report on Monday, July 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum Computing in a research report on Monday, September 21st. Wall Street Zen downgraded shares of Quantum Computing from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Wedbush began coverage on shares of Quantum Computing in a research report on Monday, August 3rd. They issued a “neutral” rating and a $12.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.67.
View Our Latest Stock Analysis on QUBT
Quantum Computing Stock Performance Shares of QUBT traded up $0.21 during trading hours on Monday, hitting $6.57. The stock had a trading volume of 5,494,992 shares, compared to its average volume of 13,781,194. The firm has a market cap of $1.49 billion, a P/E ratio of -93.77 and a beta of 3.75. The company’s fifty day simple moving average is $8.19 and its 200 day simple moving average is $8.92. Quantum Computing has a 12-month low of $6.08 and a 12-month high of $18.88. Quantum Computing (NASDAQ:QUBT – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The business had revenue of $5.55 million during the quarter, compared to analysts’ expectations of $5.15 million. As a group, sell-side analysts predict that Quantum Computing will post -0.19 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Quantum Computing Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Quantum Computing in the second quarter valued at $172,020,000. Bank of New York Mellon Corp purchased a new position in shares of Quantum Computing in the second quarter valued at $19,164,000. Pacific Heights Asset Management LLC purchased a new position in shares of Quantum Computing in the second quarter valued at $9,700,000. Focus Financial Network Inc. lifted its stake in shares of Quantum Computing by 402.6% in the second quarter. Focus Financial Network Inc. now owns 911,635 shares of the company’s stock worth $8,843,000 after acquiring an additional 730,240 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Quantum Computing by 393.8% in the first quarter. Renaissance Technologies LLC now owns 667,674 shares of the company’s stock worth $4,574,000 after acquiring an additional 532,451 shares in the last quarter. 4.26% of the stock is owned by institutional investors and hedge funds.
(Get Free Report)
Quantum Computing, Inc (NASDAQ:QUBT), also known as QCi, develops quantum and photonic computing technologies intended to make quantum-based solutions more accessible to commercial, government and research customers. The company focuses on applications involving optimization, machine learning, cybersecurity, artificial intelligence and other complex computational problems.
QCi’s offerings have included software tools and quantum-computing systems designed for optimization and related workloads, including its Qatalyst software platform and Dirac photonic quantum computing systems.
Recommended Stories Five stocks we like better than Quantum Computing Tesla’s Roadster Reveal Hints at 2 Much Bigger Moves The AI Sell-Off Continues—These 3 Stocks Keep Raising Guidance Anyway Mr. Wonderful’s Test for AI Data Center Stocks: Power, Permits, and Tenants Alcoa Beat Earnings, But Can It Escape the Aluminum Bears?
Receive News & Ratings for Quantum Computing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantum Computing and related companies with MarketBeat.com's FREE daily email newsletter.
Quantum Computing Inc. (NASDAQ:QUBT – Get Free Report) has been assigned an average recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $18.67.
A number of research firms recently weighed in on QUBT. Wall Street Zen upgraded shares of Quantum Computing from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 26th. Wedbush initiated coverage on Quantum Computing in a research note on Monday, August 3rd. They issued a “neutral” rating and a $12.00 price objective for the company. Lake Street Capital reiterated a “buy” rating on shares of Quantum Computing in a research report on Monday, July 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum Computing in a report on Monday, September 21st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $22.00 price objective on shares of Quantum Computing in a research report on Monday, June 29th.
Check Out Our Latest Stock Analysis on QUBT
Quantum Computing News Roundup Here are the key news stories impacting Quantum Computing this week: Positive Sentiment: The partnership is QCi’s first commercial customer engagement in the pharmaceutical and biotechnology sectors, providing an important proof point for potential real-world applications of its Dirac-3S quantum optimization machine. INmune Bio and Quantum Computing partnership announcement Positive Sentiment: QCi and INmune Bio will analyze clinical and biomedical datasets to identify biomarkers, patient populations and additional disease indications for XPro1595, INmune Bio’s investigational treatment targeting inflammation. The work could expand QCi’s addressable market into drug discovery and support future projects with INmune Bio. Quantum computing and AI Alzheimer’s drug research partnership Neutral Sentiment: The initial engagement includes options for additional work and will compare QCi’s quantum optimization results with conventional statistical and machine-learning methods. However, the companies did not disclose contract value, expected revenue or a firm commercialization timeline. INmune Bio and QCi collaboration details Negative Sentiment: The research remains exploratory. XPro1595 is not approved, and there is no assurance that the analysis will produce useful treatment candidates, biomarkers or regulatory advances. QCi also cautioned that the performance and value of its quantum technology in biomedical applications remain uncertain. Hedge Funds Weigh In On Quantum Computing Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Quantum Computing during the 2nd quarter valued at approximately $172,020,000. Bank of New York Mellon Corp bought a new stake in Quantum Computing in the second quarter worth $19,164,000. Pacific Heights Asset Management LLC purchased a new stake in Quantum Computing during the second quarter valued at $9,700,000. Focus Financial Network Inc. raised its stake in Quantum Computing by 402.6% during the second quarter. Focus Financial Network Inc. now owns 911,635 shares of the company’s stock valued at $8,843,000 after purchasing an additional 730,240 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Quantum Computing by 393.8% during the first quarter. Renaissance Technologies LLC now owns 667,674 shares of the company’s stock valued at $4,574,000 after purchasing an additional 532,451 shares in the last quarter. Hedge funds and other institutional investors own 4.26% of the company’s stock.
Shares of QUBT opened at $6.84 on Tuesday. The business has a 50-day simple moving average of $8.25 and a two-hundred day simple moving average of $8.91. Quantum Computing has a 52 week low of $6.08 and a 52 week high of $21.44. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -97.70 and a beta of 3.75.
Quantum Computing (NASDAQ:QUBT – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The firm had revenue of $5.55 million during the quarter, compared to analysts’ expectations of $5.15 million. On average, equities analysts anticipate that Quantum Computing will post -0.19 earnings per share for the current fiscal year.
About Quantum Computing (Get Free Report)
Quantum Computing, Inc (NASDAQ:QUBT), also known as QCi, develops quantum and photonic computing technologies intended to make quantum-based solutions more accessible to commercial, government and research customers. The company focuses on applications involving optimization, machine learning, cybersecurity, artificial intelligence and other complex computational problems.
QCi’s offerings have included software tools and quantum-computing systems designed for optimization and related workloads, including its Qatalyst software platform and Dirac photonic quantum computing systems.
See Also Five stocks we like better than Quantum Computing ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle Beyond the GPU: Credo Paves the Next AI Data Superhighway
Receive News & Ratings for Quantum Computing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantum Computing and related companies with MarketBeat.com's FREE daily email newsletter.
Collaboration combines INmune Bio's clinical research with QCi's Dirac-3S quantum optimization machine to identify potential new treatment indications and biomarkers for XPro Initial engagement marks QCi's first commercial customer in pharmaceutical and biotechnology markets, expanding the application of quantum computing to drug development , /PRNewswire/ -- INmune Bio Inc. (Nasdaq: INMB) and Quantum Computing Inc. (Nasdaq: QUBT) today announced a collaboration to apply quantum computing, artificial intelligence (AI) and data analytics to identify new potential applications for XPro (XPro1595), INmune Bio's investigational treatment for Alzheimer's disease and other disease conditions.
The collaboration brings together INmune Bio's data from pre-clinical research through four clinical trials and understanding of disease biology with QCi's Dirac-3S quantum optimization machine. Working with clinical and publicly available biomedical datasets, the companies intend to use quantum computing alongside AI and conventional data analytics to uncover relationships that could help find diseases driven by the same biology XPro targets, and to prioritize those with the greatest potential for success.
The Stage 1 engagement represents QCi's first commercial customer in the pharmaceutical and biotechnology market. The agreement also provides options for additional work as INmune Bio advances its clinical development programs.
"We've built a large clinical dataset on Alzheimer's and other diseases, backed by years of work with XPro," said David Moss, Chief Executive Officer of INmune Bio. "This collaboration allows us to examine patient populations and biomarkers most likely to predict responses by analyzing large data sets. We'll look for the diseases with the greatest potential for success, those whose human biology matches what we've already seen XPro do, starting with rare diseases where trials can be smaller, faster and more capital-efficient, and where qualifying pediatric approvals may earn a Priority Review Voucher."
Together, the companies will build on INmune Bio's research into XPro to explore where its approach to targeting inflammation may offer the greatest potential. XPro is designed to selectively inhibit soluble tumor necrosis factor (TNF), a protein involved in inflammation, while preserving other TNF functions important to the immune system. INmune Bio is investigating its potential in neurological and rare diseases where this targeted approach may offer a therapeutic benefit.
Using its Dirac-3S entropy quantum optimization machine alongside AI and conventional analytics, QCi will look for patterns and relationships across these datasets that could help researchers better understand treatment responses, identify promising patient populations and prioritize new indications for further study.
"This is a great example of what practical quantum computing can look like today," said Yuping Huang, Chairman and Chief Executive Officer of QCi. "INmune Bio has a complex scientific problem and a substantial body of clinical and biological data. Our job is to bring new computing capabilities to that problem and see what we can learn. The potential to help researchers make better decisions about future treatments is exciting, and it opens an important new market for QCi."
An important part of the program will be testing where quantum optimization adds value. The companies plan to compare results from QCi's quantum optimization machine with appropriate conventional statistical and machine-learning methods, evaluating which approaches are best suited to different parts of the analysis.
The work is also intended to establish a repeatable discovery process through quantum computing that INmune Bio can use with additional datasets and potential disease indications.
For INmune Bio, the collaboration offers a new way to evaluate the broader potential of XPro and prioritize future development opportunities. For QCi, it represents an opportunity to showcase how its room-temperature, low-power quantum computing technology can be applied to complex, real-world problems in pharmaceutical research.
About INmune Bio Inc.
INmune Bio Inc. is a publicly traded (NASDAQ: INMB), late-stage biotechnology company focused on developing treatments that target the innate immune system to fight disease. The Company's clinical-development strategy centers on advanced precision medicine, matching drug mechanisms directly to patient biology to optimize clinical outcomes.
INmune Bio is actively advancing two late-stage product platforms toward registrational milestones:
CORDStrom™: A proprietary, pooled, allogeneic, human umbilical cord-derived mesenchymal stromal cell platform engineered to address the historical clinical challenges of donor variability and manufacturing inconsistency. Following successful clinical readouts in RDEB, the platform is transitioning to regulatory filing phases, with an MAA planned for the UK MHRA in 2026 and EU EMA in 2027, alongside a planned U.S. Biologics License Application (BLA) submission. XPro1595™: A Dominant-Negative Tumor Necrosis Factor (DN-TNF) platform designed to selectively neutralize soluble TNF (sTNF) and reduce neuroinflammation without compromising protective immune function. Backed by recently granted FDA Fast Track designation and successful regulatory alignment from an End-of-Phase 2 meeting, XPro1595™ is positioned for an integrated Phase 2b/3 seamless adaptive registrational program in neuroinflammation-enriched early Alzheimer's disease. To learn more about INmune Bio's pipeline and its approach to harnessing the innate immune system, please visit www.inmunebio.com.
About Quantum Computing Inc.
Quantum Computing Inc. (Nasdaq: QUBT) is an integrated quantum photonics company developing and manufacturing technologies that use light to compute complex information, capture hard-to-detect signals and communicate more securely. QCi brings together quantum optics, integrated photonics, semiconductor manufacturing and advanced packaging to create a more direct path from advanced science to practical products.
QCi's portfolio includes quantum machines, photonic chips, components, modules and subsystems, as well as foundry and advanced manufacturing services. Its technologies are designed to operate at room temperature and low power, without the specialized cooling infrastructure required by many quantum approaches. These advantages enable deployment across computing and AI, secure communications, sensing and imaging, aerospace and defense, and other demanding applications.
Headquartered in Hoboken, New Jersey, QCi has operations across the United States. By combining advanced physics, device engineering and scalable manufacturing, QCi is working to make quantum and advanced photonic technologies more accessible and useful in the real world.
To learn more about QCi and its approach to harnessing light for practical quantum computing, please visit www.quantumcomputinginc.com.
Investor and Media Contacts:
For INmune Bio:
David Moss, Chief Executive Officer
(561) 710-0512
[email protected]
Daniel Carlson, Head of Investor Relations
(415) 509-4590
[email protected]
For QCi:
David Moskowtiz, Head of Investor Relations
[email protected]
Karen Jeffers, Director, Marketing and Communications
[email protected]
John Nesbett/Zach Nevas, IMS Investor Relations
[email protected]
Forward Looking Statements:
InMune Bio Inc.
The Company's product candidates remain in clinical development stage and there is no assurance that any specific outcome will be achieved. Any statements contained in this press release related to the development or commercialization of product candidates and other business and financial matters, including without limitation, trial results and data, including Ebstrocel™, XPro™ and INKmune™ trial results, timing of key milestones, future plans or expectations, and the prospects for receiving regulatory approval or commercializing or selling any product or drug candidates, may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations but are subject to several risks and uncertainties. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements because of these risks and uncertainties. CORDStrom™, XPro1595™ (XPro™, pegipanermin), and INKmune™ have either finished clinical trials, are still in clinical trials or are preparing to start clinical trials and have not been approved by the US Food and Drug Administration (FDA), the UK MHRA or any regulatory body and there cannot be any assurance that they will be approved by the FDA, the UK MHRA or any regulatory body or that any specific results will be achieved. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company's ability to produce more drug for clinical trials; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, clinical studies and future product commercialization; and the Company's business, research, product development, regulatory approval, marketing and distribution plans and strategies. These and other factors are identified and described in more detail in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K, the Company's Quarterly Reports on Form 10-Q and the Company's Current Reports on Form 8-K. The Company assumes no obligation to update any forward-looking statements to reflect any event or circumstance that may arise after the date of this release.
Quantum Computing Inc.
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 QCi's ability to use quantum optimization to analyze biomedical data, whether collaboration will generate relevant and valuable insights, the performance of the Dirac-3S in the intended application, the ability of quantum optimization to contribute to the development of new treatments, and that actual results 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.
, /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), a vertically integrated quantum systems company pioneering photonics and semiconductor manufacturing, today announced that Dr. Yuping Huang, Chief Executive Officer and Chris Roberts, Chief Financial Officer, will participate in the Maxim Growth Summit 2026 on October 13 at the Hard Rock Hotel in New York City. Dr. Huang and Mr. Roberts will be available for one-on-one meetings during the conference.
To schedule a one-on-one meeting with QCi, please contact your Maxim representative or register for the conference here.
About Quantum Computing Inc.
Quantum Computing Inc. (Nasdaq: QUBT) is a vertically integrated quantum systems 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 Contacts:
Investor Relations
David Moskowtiz, Head of Investor Relations
[email protected]
Media & Communications
Karen Jeffers, Director, Marketing and Communications
[email protected]
Agency Contact:
IMS Investor Relations
John Nesbett/Zach Nevas
[email protected]
Quantum Computing Inc. describes itself as a "vertically integrated quantum company" built around photonics and semiconductor manufacturing, not just software or cloud access to quantum computers. It's listed on the Nasdaq and has moved from almost no revenue in 2025 to revenues of a few million dollars per quarter in 2026, but it still reports meaningful losses.
In its second‑quarter release, the company highlighted revenue of $5.6 million, up from $61,000 in the same quarter last year, but a net loss of $11.8 million. The top-line growth shows that QCi is no longer just a pre‑commercial story, but the bottom-line losses remind you that this business is still spending heavily to develop its technology and get its manufacturing platform off the ground.
Image source: Getty Images.
What QCi is trying to build The more interesting part of QCi's story lives outside the income statement. The company has been assembling a stack that runs from photonic chips in a fab to full quantum computers and security platforms, as the TechJournal.uk Substack details. It has been doing this largely through a series of acquisitions such as NHanced Semiconductors and other photonics and packaging businesses. Management's "vertically integrated" language reflects the fact that QCi wants to control the critical pieces of quantum computing hardware (think chips, components, and packaging), rather than simply renting time on someone else's machines.
What I have my eyes on is the product side. QCi has announced NeuraWave, a photonic computing platform meant to handle real‑time AI inference at the edge. In other words, it's building hardware that can run complex models close to where data is generated rather than in distant data centers. It also showed off a quantum security system at the ECOC 2026 trade show that could help telecom companies keep their fiber networks safe. The bigger point is that quantum technology is starting to look less like a science project and more like something companies can actually deploy for commercially meaningful uses.
The risks under the promise The problem, in my view, is that QCi is trying to do a lot of hard things at once: scale up its manufacturing, integrate multiple acquisitions, sell new classes of hardware, and educate customers on how to use quantum security and photonic computing. And it's doing all of these things while it's still losing money. That's a lot of execution risk, particularly for a stock that has a history of volatile and sentiment‑driven price moves. It's easy to be bearish about QCi; there isn't much revenue, and its heavy spending and reliance on secondary stock sales to raise operating capital make its current valuation hard to justify.
There's also competitive risk. Quantum computing hardware, quantum security, and edge AI are all crowded spaces, and QCi hasn't yet shown large, recurring deployments at the scale you'd want to see before calling it a durable growth story. Its recent revenue ramp-up is encouraging, but that growth came off an extremely small base, and investors have to assume that more capital spending, more technical risk, and more time will be needed before the company's platform will be mature.
If you're fascinated by quantum hardware and photonics and you accept that this is still a high‑risk, high‑uncertainty space, QCi might be worth a spot on your watch list or in the "small, experimental slice" of a diversified portfolio.
Scales quantum optimization to up to nearly 10,000 variables, a 10x increase over QCi's current 1,000-variable system, while delivering faster performance, production-ready reliability and scalable manufacturing First customer shipment of Dirac-3S upgrade expected in Q4 2026 , /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), a vertically integrated quantum systems company pioneering photonics and semiconductor manufacturing, today announced Dirac-3S, the next-generation of its Dirac-3 quantum optimization machine, marking a significant step toward commercial deployment of QCi's quantum optimization technology.
Dirac-3S advances the platform across three areas – Speed, Scale and Solutions – with faster performance, improved solution quality, increased computing capacity and a modular architecture designed to support customers as their requirements grow. The first customer shipment of Dirac-3S is expected in November 2026.
Speed. Scale. Solutions.
Speed: Dirac-3S is engineered to efficiently solve increasingly complex optimization problems, with practical computation times demonstrated on problems involving up to 9,980 variables while consistently finding the optimal solution. This enables customers to tackle larger problems and explore more possibilities in less time.
Scale: Dirac-3S features a modular architecture designed to scale with customer requirements. The compact 5U base system can be extended with Expansion Modules to support larger and more complex optimization problems, with QCi demonstrating configurations supporting up to 9,980 variables with one Expansion Module. The architecture is designed to accommodate additional Expansion Modules, enabling customers to expand their system as their optimization needs grow. QCi has also advanced the Dirac-3S hardware architecture, manufacturing processes and supply chain to support increased production volumes, consistent product quality and broader commercial deployment. These improvements include enhanced error correction, component control and operational reliability.
Solutions: Dirac-3S is designed to address a broad range of real-world optimization problems on a single platform, through multiple optimization approaches including continuous, integer and higher-order optimization. QCi's latest error-correction techniques are designed to improve solution quality across applications in financial services, logistics and supply chains, manufacturing, energy, telecommunications, scientific research, and aerospace and defense.
The platform can be deployed on-premises or in the cloud and integrated into AI/ML pipelines, enabling organizations to incorporate quantum optimization into existing computational workflows.
"Dirac-3S takes our quantum optimization platform from demonstrating what is possible to delivering a system built for practical commercial use," said Yong Meng Sua, Chief Technology Officer of QCi. "We have increased performance and computing capacity, expanded the size and complexity of problems the system can address through a modular architecture, and advanced the hardware and manufacturing architecture needed to support broader deployment. This gives customers a flexible path to adopt quantum optimization and scale their computing capacity as their needs grow."
Building on the Dirac-3 Foundation
Dirac-3S builds on QCi's first-generation Dirac-3 quantum optimization machine, which has been used by academic researchers exploring quantum optimization algorithms and applications.
"Our experience with the first-generation Dirac-3 quantum optimization machine validated its potential as a powerful tool for solving meaningful optimization problems. QCi's continued innovation with the Dirac-3S, including its expanded computational capabilities, enables us to pursue significantly larger and more complex optimization challenges. We look forward to exploring new research directions and accelerating the development of practical, high-impact applications," said Professor Paul Griffin, Associate Professor, Singapore Management University.
QCi has published a new Technical Review evaluating Dirac-3S across synthetic, graph-based and industry-standard optimization benchmarks, including comparisons with Projected Gradient Descent and commercial classical solver Hexaly. On synthetic problems with known global optima ranging from 2,000 to 9,980 variables, Dirac-3S was the only evaluated solver to achieve the optimal solution across all tested instances, while solution times increased only modestly as problem size approached 9,980 variables. On industry-standard DIMACS maximum-clique benchmarks, Dirac-3S more frequently identified the highest-quality solutions than the other evaluated methods.
QCi has also published a survey paper demonstrating how NP-hard problems can be mapped to simplex formulations native to Dirac-3S, expanding its potential applications across continuous, discrete and combinatorial optimization. The Technical Review, along with the detailed benchmarking methodology and results is available in QCi's Dirac-3S Technical Reference at: https://quantumcomputinginc.com/learn/module/dirac-3s-technical-reference.
To learn more about the Dirac-3S, visit QCi's Dirac-3S webpage.
Quantum Computing Inc. (Nasdaq: QUBT) is a vertically integrated quantum systems 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 Contacts:
Investor Relations
David Moskowtiz, Head of Investor Relations
[email protected]
Media & Communications
Karen Jeffers, Director, Marketing and Communications
[email protected]
Agency Contact:
IMS Investor Relations
John Nesbett/Zach Nevas
[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 timing of the first delivery of a Dirac-3S, the ability of the Dirac-3S to solve larger and more complex problems than the first generation of Dirac-3, deliver higher quality solutions and faster performance, the functionality of the Dirac-3S modular design, and delivering improvements in the performance, system maturity and manufacturability, and that actual results 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.
Foxx Development (NASDAQ:FOXX – Get Free Report) and Quantum Computing (NASDAQ:QUBT – Get Free Report) are both technology companies, but which is the superior stock? We will contrast the two companies based on the strength of their risk, earnings, analyst recommendations, dividends, valuation, institutional ownership and profitability.
Volatility and Risk Foxx Development has a beta of -0.35, indicating that its share price is 135% less volatile than the S&P 500. Comparatively, Quantum Computing has a beta of 3.78, indicating that its share price is 278% more volatile than the S&P 500.
Profitability This table compares Foxx Development and Quantum Computing’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Foxx Development -79.80% N/A -59.35% Quantum Computing N/A N/A N/A Analyst Recommendations This is a summary of recent ratings and recommmendations for Foxx Development and Quantum Computing, as reported by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Foxx Development 1 0 0 0 1.00 Quantum Computing 1 2 4 0 2.43 Quantum Computing has a consensus price target of $18.67, suggesting a potential upside of 117.81%. Given Quantum Computing’s stronger consensus rating and higher probable upside, analysts clearly believe Quantum Computing is more favorable than Foxx Development.
Valuation & Earnings This table compares Foxx Development and Quantum Computing”s top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Foxx Development $65.92 million 0.27 -$9.02 million ($6.87) -0.37 Quantum Computing $680,000.00 2,852.68 -$15.84 million ($0.07) -122.43 Foxx Development has higher revenue and earnings than Quantum Computing. Quantum Computing is trading at a lower price-to-earnings ratio than Foxx Development, indicating that it is currently the more affordable of the two stocks.
Insider and Institutional Ownership 60.4% of Foxx Development shares are held by institutional investors. Comparatively, 4.3% of Quantum Computing shares are held by institutional investors. 31.6% of Foxx Development shares are held by insiders. Comparatively, 12.4% of Quantum Computing shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Summary Quantum Computing beats Foxx Development on 8 of the 13 factors compared between the two stocks.
(Get Free Report)
Foxx Development Holdings Inc. is a consumer electronics and integrated Internet-of-Things solution company catering to both retail and institutional clients. The company currently sells a diverse range of products including mobile phones, tablets and other consumer electronics devices principally in United State and is in the process of developing and distributing end-to-end communication terminals and IoT solutions. Foxx Development Holdings Inc., formerly known as Acri Capital Acquisition Corporation, is based in Austin, TX.
About Quantum Computing (Get Free Report)
Quantum Computing Inc., an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure. The company was formerly known as Innovative Beverage Group Holdings, Inc. Quantum Computing, Inc. was incorporated in 2018 and is based in Hoboken, New Jersey.
Receive News & Ratings for Foxx Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foxx Development and related companies with MarketBeat.com's FREE daily email newsletter.
Key Takeaways QUBT's Q2 revenues surged to $5.6M, driven by government, commercial and educational customers.QUBT expanded through acquisitions, NeuraWave traction and a contract backlog reaching $42.5 million.Rigetti's revenues jumped 185% to $5.1M as it advanced Cepheus-1 and its roadmap toward 1,000 qubits. The quantum computing race is no longer just about who can build the most powerful machine. It is increasingly becoming a contest between companies pursuing different paths to commercial adoption while convincing investors they can turn breakthrough technology into sustainable businesses.
That contrast was on full display during the latest earnings season as Rigetti Computing (RGTI - Free Report) and Quantum Computing Inc. (QUBT - Free Report) outlined sharply different strategies for scaling their businesses. Rigetti doubled down on its superconducting quantum computing roadmap, highlighting progress on its 108-qubit Cepheus-1 system, a modular chiplet architecture aimed at 1,000-qubit systems and growing government-backed initiatives. Meanwhile, QUBT leaned into its room-temperature photonic platform, expanding through acquisitions, semiconductor manufacturing and AI-focused photonics products designed to generate commercial revenue alongside its long-term quantum ambitions.
Both companies reported second-quarter revenues above $5 million, but the drivers behind those results looked very different. Rigetti's 185% revenue jump was fueled by quantum hardware deployments, while QUBT's 9,000% surge reflected contributions from its rapidly expanding photonics and semiconductor businesses. With both stocks competing for investor attention in one of the market's fastest-evolving industries, the bigger question is which execution strategy appears stronger based on their latest updates.
Let's get into more detail.
Image Source: Zacks Investment Research
Rigetti's Growth CatalystsRigetti's second-quarter results reinforced an execution-driven investment case as revenues jumped 185% year over year to $5.1 million, fueled by on-premises Novera QPU sales, while gross margin expanded to 43% from 31% a year ago.
Beyond the financials, the company continued advancing its 108-qubit Cepheus-1 platform, reaffirmed its chiplet-based roadmap toward roughly 1,000 qubits over the next three years, strengthened its government ties through a U.S. Department of Commerce letter of intent for up to $100 million in potential CHIPS Act funding and ended the quarter with $541.3 million in cash, cash equivalents and investments and no debt.
What's Holding Rigetti BackRigetti's biggest challenge remains converting technical milestones into durable commercial scale. Although revenues grew sharply, quarterly sales remain relatively modest at $5.1 million, while operating expenses climbed to $30.3 million as the company continued investing heavily in R&D, chip design, fabrication and refrigeration infrastructure to support higher-qubit systems.
At the same time, management still needs to deliver meaningful improvements in Cepheus-1's gate fidelity and coherence times before progressing toward its 1,000-qubit ambitions, while the proposed CHIPS Act funding remains contingent on a definitive agreement and customary approvals.
QUBT's Growth DriversQuantum Computing’s second quarter highlighted a broader commercialization strategy that extends beyond quantum computing alone. Revenues surged to $5.6 million from just $61,000 a year ago, with contributions from government, commercial and educational customers across its photonics portfolio.
The company accelerated its expansion through the acquisitions of NHanced Semiconductors, Luminar Semiconductor and NuCrypt, strengthening its advanced packaging and semiconductor manufacturing capabilities while launching its Fab 2 initiative.
Commercial traction also improved with the rollout of the NeuraWave photonic AI platform, the installation of a DIRAC-3 optimization system at a global consulting firm, a multi-unit NeuraWave framework agreement with Planck Dynamics and a contract backlog that reached $42.5 million, backed by a cash and investment position of roughly $1.3 billion.
What Could Slow QUBT's MomentumQUBT's rapid expansion also brings meaningful execution risks as the company integrates multiple acquisitions while scaling manufacturing and commercialization simultaneously. Operating expenses more than doubled to $21.8 million, due to higher R&D spending, personnel costs, sales and marketing investments and acquisition-related expenses.
The company remains heavily dependent on government-funded work, with management indicating that roughly 70%-80% of current business comes from government subcontracting, while contract timing remains lumpy and backlog is expected to be recognized over 12 to 18 months rather than translating into immediate revenue.
In addition, management is evaluating another $50-$100 million of potential investment to enhance NHanced's manufacturing capabilities, adding another layer of capital deployment and integration complexity.
2026 Estimates: RGTI Vs. QUBTThe Zacks Consensus Estimate for RGTI’s 2026 bottom line is pegged at a loss of 19 cents per share, implying a 70.3% improvement over the 2025 reported figure.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for QUBT’s 2026 bottom line is pegged at a loss of 19 cents per share, implying a 72.7% decline over the 2025 reported loss.
Image Source: Zacks Investment Research
Bullish Price Target for QUBT Over RGTIBased on short-term price targets offered by six analysts, the average price target for QUBT represents an increase of 103.8% from the last closing price of $9.16.
Image Source: Zacks Investment Research
Based on short-term price targets offered by 11 analysts, the average price target for RGTI represents an increase of 79.1% from the last closing price of $16.50.
Image Source: Zacks Investment Research
Final Take: RGTI or QUBT?The latest earnings season highlighted two very different execution stories. QUBT paired revenue growth with expanding commercial traction through acquisitions, a growing photonics business, a $42.5 million backlog and a sizeable $1.3 billion cash position, while Rigetti's quarter centered on advancing its superconducting roadmap, government partnerships and long-term technology milestones. Analyst sentiment also reflects a wider upside outlook for QUBT, with its average price target implying 103.8% upside from recent levels compared with 79.1% for Rigetti.
The two stocks entered the next phase with different outlooks. QUBT currently carries a Zacks Rank #3 (Hold), reflecting a more balanced near-term earnings outlook, while Rigetti carries a Zacks Rank #5 (Strong Sell), indicating weaker earnings expectations. Although QUBT appears better positioned from a commercialization and analyst-sentiment standpoint, both companies remain high-risk plays in an emerging industry where execution, customer adoption and technology milestones will likely remain the key factors to watch.
You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
NEW YORK, Sept. 28, 2026 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Quantum Computing Inc. (NASDAQ: QUBT) breached their fiduciary duties to shareholders.
Quantum Computing and IonQ are advancing distinct quantum platforms, but profitability, execution risks and valuation shape their contrasting investment cases.
Key Takeaways QUBT is launching Fab 2 after acquiring NHanced Semiconductors and its fabrication expertise.Fab 2 could help QUBT scale TFLN-on-Silicon Photonics and 2.5D/3D heterogeneous integration.QUBT expects expanded U.S. manufacturing to strengthen supply chains and support advanced photonic chips. Quantum Computing Inc. (QUBT - Free Report) or QCi is expanding its manufacturing infrastructure with the launch of Fab 2 following the acquisition of NHanced Semiconductors. The acquisition adds semiconductor and nanophotonics fabrication capabilities, advanced packaging expertise and specialized engineering talent.
NHanced brings expertise in integration, hybrid bonding, chiplet architectures, silicon interposers and photonics device integration. This 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 scaling of QCi's TFLN-on-Silicon Photonics technologies.
The expanded manufacturing footprint could help QCi increase production flexibility and operational excellence as it scales its technology portfolio. In addition, the expanded U.S.-based manufacturing capabilities are expected to strengthen supply-chain resilience and support the development of advanced photonic chips for applications across quantum computing, artificial intelligence, networking, secure communications and defense.
Peer UpdateRigetti’s (RGTI - Free Report) Fab-1 facility in Fremont, CA, gives the company direct control over quantum processor design, fabrication and testing. The dedicated 150-millimeter line supports rapid iteration of superconducting qubits and reduces dependence on shared research facilities or outsourced foundries. Rigetti expects future chiplets to increase in size, potentially including 36-qubit modules, while retaining the chiplet architecture as systems scale toward 1,000 qubits and beyond. The company is also investing in the surrounding infrastructure needed to support that roadmap. Purchases of property and equipment totaled $16.4 million in the first half of 2026 compared with $8.2 million in the first half of 2025, with spending tied primarily to process equipment, quantum computing refrigerators and development tools.
IonQ’s (IONQ - Free Report) acquisition of SkyWater transforms a planned manufacturing relationship into direct ownership of a U.S.-based semiconductor foundry. The transaction totaled about $1.8 billion of consideration, including $741.3 million in cash, and gives IonQ internal access to semiconductor fabrication while preserving SkyWater’s merchant foundry model for external quantum customers. QPUs designed with electronic qubit control were built at SkyWater and returned as fully featured chips, providing an operating proof point for the model. Further, the acquisition of Nexus Photonics adds integrated photonics capabilities that IonQ plans to use in the miniaturization and mass manufacturing of quantum systems.
QUBT’s Share Price PerformanceOver the past year, QCi’s shares have plunged 57.4% compared with the industry’s 6% decline.
Image Source: Zacks Investment Research
QUBT’s Expensive ValuationQUBT currently trades at a forward 12-month price-to-sales (P/S) of 43.10X compared with the industry’s average of 4.39X.
Image Source: Zacks Investment Research
QUBT Stock Estimate TrendOver the past 30 days, QCi’s loss per share estimate for 2026 has moved south.
Image Source: Zacks Investment Research
QUBT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways QUBT's Dirac-3 applies EQC to complex optimization problems at room temperature. QUBT's EQC approach may reduce cryogenic cooling and isolation needs while supporting scalability. QUBT signed a three-year HBKU deal for Dirac-3 cloud access and an installation in Qatar. Quantum Computing Inc. (QUBT - Free Report) or QCi is advancing its quantum computing strategy through Entropy Quantum Computing (“EQC”). Traditional quantum systems rely on costly error correction and highly controlled environments, while EQC uses quantum entropy and decoherence as resources for computation. This approach could reduce the need for cryogenic cooling and isolation while enabling integrated photonic systems designed for greater scalability and operational flexibility.
Leveraging the EQC approach, QCi’s Dirac-3 platform is a third-generation, rack-mountable system designed to solve complex, real-world optimization problems at room temperature. The platform reflects QCi’s focus on applying EQC to practical computing applications without relying on the highly controlled environments typically associated with conventional quantum systems.
Further supporting the development and adoption of its quantum technology, QCi signed a three-year Framework Agreement with Hamad Bin Khalifa University (“HBKU”) in Qatar. Under the agreement, QCi will provide HBKU with cloud-based access to the Dirac-3 system, along with an installation in Qatar to support the country’s quantum ecosystem and regional leadership.
Quantum Technologies Used by QUBT’s PeersIonQ’s (IONQ - Free Report) commercialization thesis remains tied to technical milestones that can move IonQ from prototype systems toward repeatable semiconductor-based deployments. By the second quarter of 2026, IonQ had progressed through three rounds of tape-outs for its first semiconductor quantum chip and received 256-qubit prototypes, which met the critical quality metrics required for production-grade systems. IONQ also reported key elements of its walking-cat architecture and quantum error-correction work on a Tempo engineering system.
Rigetti’s (RGTI - Free Report) superconducting qubit platform is built around an in-house modular chiplet design intended to scale systems without relying on ever-larger monolithic processors. Its 36-qubit Cepheus system uses four 9-qubit chiplets, while Cepheus-1-108Q uses 12 interconnected 9-qubit chiplets and became generally available in April 2026.
The 108-qubit system is currently operating at about 99.1% median two-qubit gate fidelity, 99.9% median single-qubit fidelity and gate speeds near 60 nanoseconds. Smaller systems continue to provide a development path for higher fidelity. 36-qubit system reached 99.6% median two-qubit fidelity, while the 9-qubit system reached 99.8% at 40-nanosecond gate speeds using its adiabatic CZ gate scheme.
QUBT’s Share Price PerformanceOver the past year, QCi’s shares have plunged 52.4% compared with the industry’s 10.9% decline.
Image Source: Zacks Investment Research
QUBT’s Expensive ValuationQUBT currently trades at a forward 12-month price-to-sales (P/S) of 40.24X compared with the industry’s average of 4.20X.
Image Source: Zacks Investment Research
QUBT Stock Estimate TrendOver the past 30 days, QCi’s loss per share estimate for 2026 has moved south.
Image Source: Zacks Investment Research
QUBT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
When I first covered Quantum Computing in early 2025, I struggled to figure out what this pre-commercial outfit really was. Quantum? Quantum adjacent? Now, I know. Yes, it definitely is quantum. It sold its first Dirac-3 quantum offering. Its closest peer is D-Wave's annealing approach. But Dirac-3 works with light and works at room temperature. QUBT is more than just quantum. It's evolving into a serious photonics company. Its TFLN chips offer an optics-based alternative to silicon. An acquisition adds a second fab facility.
First-time live demonstration combines quantum encryption and authentication on a single platform, alongside quantum key distribution and advanced instrumentation for secure optical communications HOBOKEN, N.J., Sept. 18, 2026 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), a vertically integrated quantum company pioneering photonics and semiconductor manufacturing, today announced it will showcase, for the first time, an integrated quantum security platform that brings encryption and authentication together in a single solution, at the ECOC Exhibition 2026, September 21–23 at FYCMA in Málaga, Spain.
Partnership supports ongoing quantum research reflective of specific focus area at the University, executive education, industry applications, and workforce development in Qatar
, /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), a vertically integrated quantum company pioneering photonics and semiconductor manufacturing, today announced it has signed a three-year Framework Agreement with Hamad Bin Khalifa University, Qatar (HBKU) to collaborate in quantum computing, quantum sensing, and quantum communications.
The partnership in a specific focus area for HBKU establishes a foundation for joint academic research, executive education programs, industry-focused projects, applications development, and co-marketing initiatives to accelerate the adoption of quantum technologies across Qatar and beyond. Moreover, QCi and HBKU will work together to develop practical quantum solutions that address real-world challenges while building the next generation of quantum talent and leadership.
"Quantum technologies will have their greatest impact when they move beyond the laboratory and into practical applications that create measurable value for industry and society," said Yong Meng Sua, CTO of QCi. "We are excited to collaborate with HBKU to advance research, educate future leaders, and explore real-world use of quantum computing, sensing, and communications. This partnership aligns directly with QCi's mission to make quantum technologies accessible, scalable, and impactful for organizations around the world."
QCi will provide on-cloud Dirac-3 system access to HBKU, as well as installation in Qatar to support the quantum ecosystem and leadership in the region. The Dirac-3 platform is designed to solve complex optimization problems using entropy quantum computing techniques that can be deployed through the cloud without requiring specialized quantum expertise. The alliance with HBKU will provide students, researchers and industry partners with hands-on access to quantum technologies while helping identify new opportunities for commercialization and adoption. QCi and HBKU are already collaborating on educational initiatives to help business and government leaders understand the opportunities and implications of emerging quantum technologies.
Since launching HBKU's Qatar Center for Quantum Computing (QC2), the University's growing capabilities have already translated into application, as demonstrated by the establishment of Qatar's first quantum-safe communication link in collaboration with national partners. HBKU has continued building relationships across the quantum ecosystem, while developing talent and research infrastructure at the same time.
"Through this agreement, we are creating new opportunities to further advance quantum research while building the knowledge and skills necessary to support the adoption of quantum technologies across Qatar's innovation ecosystem," said Dr. Saif Al-Kuwari, Director of Qatar Center for Quantum Computing at Hamad Bin Khalifa University. "We look forward to working with QCi to develop meaningful research, educational programs, and industry collaborations that will contribute to the growth of the global quantum economy."
Pouya Dianat, Chief Product Officer of QCi, added, "One of the most important factors in accelerating quantum adoption is helping business leaders understand where these technologies can create practical value. Our collaboration with HBKU combines academic excellence, executive education, and industry engagement to help bridge that gap and identify high-impact opportunities for quantum solutions."
The agreement reflects both organizations' commitment to advancing quantum innovation through collaboration among academia, industry, and government stakeholders. Over the next three years, QCi and HBKU expect to pursue a range of initiatives, including joint research, executive education, industry applications, technical workshops, and quantum-focused events.
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.
About Hamad Bin Khalifa University
Innovating Today, Shaping Tomorrow
Hamad Bin Khalifa University (HBKU), a member of Qatar Foundation for Education, Science, and Community Development (QF), is a leading, innovation-centric university committed to advancing education and research to address critical challenges facing Qatar and beyond. HBKU develops multidisciplinary academic programs and national research capabilities that drive collaboration with leading global institutions. The university is dedicated to equipping future leaders with an entrepreneurial mindset and advancing innovative solutions that create a positive global impact.
For more information about HBKU, its colleges, research institutes, and initiatives, please visit www.hbku.edu.qa.
To stay up to date on our social media activities, follow our accounts on: LinkedIn, Instagram, X, and Facebook.
For any media inquiries, please contact: [email protected].
Company Contacts:
Investor Relations
David Moskowtiz, Head of Investor Relations
[email protected]
Media & Communications
Karen Jeffers, Director, Marketing and Communications
[email protected]
Agency Contact:IMS Investor Relations
John Nesbett/Zach Nevas
[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 development of practical quantum solutions, identifying opportunities for commercialization of quantum technologies, and developing meaningful research educational programs for quantum technologies, and that actual results 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.
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.
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
QUBT Stock Estimate TrendOver the past 30 days, QCi’s loss per share estimate for 2026 has moved south.
Image Source: Zacks Investment Research
QUBT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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.
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
QUBT Stock Estimate TrendOver the past 30 days, QCi’s loss per share estimate for 2026 has moved south.
Image Source: Zacks Investment Research
QUBT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The argument for quantum computing investors is largely focused on hardware, as companies race to achieve increasingly impressive qubit counts and error rates. Although technologies are still largely untested in commercial applications, there is also a great deal of debate over which architecture—from annealing to trapped-ion and more—is most promising.
While this debate assumes that the company building the most powerful quantum device will win the market, it obscures the element that may be poised to actually generate increasing revenue for companies, including D-Wave Quantum Inc. NASDAQ: QBTS, Rigetti Computing NASDAQ: RGTI, and Quantum Computing Inc. NASDAQ: QUBT: the software and cloud layer, and more specifically, Quantum Computing as a Service, or QCaaS.
Get D-Wave Quantum alerts:
We're in a Noisy Middle PeriodPart of the reason that QCaaS seems to matter now is that the quantum computing industry is in a noisy middle period in which machines are able to operate with up to around 1,000 qubits, but in which errors still remain frequent. Fault-tolerant quantum computing appears to be years off, making it likely that hardware won't fully scale in the near- to medium term.
Instead, access to quantum tools may be more easily monetized to allow clients to run hybrid classical-quantum systems and to complete vital tasks on quantum processors without actually owning the hardware.
D-Wave's QCaaS Paves the WayD-Wave has one of the strongest cases for QCaaS, as evidenced in large part by its significant bookings this year and, in particular, in the latest quarter. It has negotiated some 8-figure enterprise QCaaS agreements, which are a boon alongside its hardware system sales; the latter are lumpy, which may have contributed to the company's overall disappointing performance last quarter.
D-Wave Quantum Today
$16.54 -0.66 (-3.84%)
As of 09/1/2026 04:00 PM Eastern
$12.75▼
$46.75$36.27
The big bright spot for D-Wave amid disappointing revenue performance last quarter was its commercial metrics, as more than 37% of QCaaS revenue was from production applications, or companies using quantum computing for live and operational workloads. This figure is key because it represents a customer base that is perhaps most likely to rely on a quantum computing firm for stable, repeat business, thus generating recurring subscription revenue.
D-Wave may have the advantage that it does thanks to its quantum annealing hardware, which is designed specifically for optimization efforts that appeal to enterprise customers not needing fault-tolerant quantum computing yet. It's also the reason investors might want to think of D-Wave increasingly as a software or service provider in addition to its hardware offerings.
Rigetti's Cloud Offerings Are in ProgressRigetti takes a different approach, building revenue by making major quantum computers and then integrating them into clouds. The company does generate cloud revenue, but what Rigetti is really doing is providing access to its hardware, not operating as a software-based recurring revenue firm.
Rigetti Computing Today
RGTI
Rigetti Computing
$14.99 -0.67 (-4.28%)
As of 09/1/2026 04:00 PM Eastern
$12.53▼
$58.15$30.67
At the same time, Rigetti has shown more meaningful progress than D-Wave this year. Revenue and gross margin both improved considerably year over year (YOY) for the last quarter, with the former coming close to tripling.
Still, Rigetti's revenue model seems to be more heavily dependent on hardware and achieving major tech milestones, such as its 108-qubit system that it is aiming for in 2026 and the 150-plus system by the end of the year.
Despite the apparently stronger Q2 2026, Rigetti may have a more difficult time adapting to a QCaaS-first approach than D-Wave.
Quantum Computing Is a Higher-Risk Play OverallAs the smallest company on this list with a very thin revenue history, Quantum Computing Inc. seems to be relying even more heavily on its ability to scale its architecture. In a speculative industry, QUBT stands out, and Wall Street analysts agree: QUBT shares are a Hold overall, despite forecasts suggesting that the share price could surge by about 130%.
Quantum Computing Today
QUBT
Quantum Computing
$7.90 -0.33 (-4.01%)
As of 09/1/2026 04:00 PM Eastern
$6.18▼
$25.84$18.67
QCaaS seems to be far away for Quantum Computing, despite the fact that its unique photon-based architecture has potential. The company may appeal to investors seeking a diversified approach to the hardware side of quantum and looking to bet on photonic computing as the architecture that will ultimately become the winning approach.
To be sure, all of these companies represent fairly speculative bets at this point. However, it appears that D-Wave may be the best situated for a QCaaS-forward approach, while Rigetti lies somewhere in the middle, and Quantum Computing is least prepared to build software-like recurring revenue streams. Still, the industry is changing rapidly and becoming increasingly differentiated, and a new leader in the QCaaS race may emerge in the future.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in D-Wave Quantum Right Now?Before you consider D-Wave Quantum, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and D-Wave Quantum wasn't on the list.
While D-Wave Quantum currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Bank of New York Mellon Corp bought a new stake in Quantum Computing Inc. (NASDAQ:QUBT – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 1,975,697 shares of the company’s stock, valued at approximately $19,164,000. Bank of New York Mellon Corp owned about 0.88% of Quantum Computing at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FWL Investment Management LLC acquired a new stake in shares of Quantum Computing in the 2nd quarter valued at about $33,000. Triumph Capital Management purchased a new position in shares of Quantum Computing during the third quarter worth approximately $45,000. International Assets Investment Management LLC acquired a new position in shares of Quantum Computing in the 4th quarter valued at $26,000. Tucker Asset Management LLC acquired a new position in shares of Quantum Computing in the 4th quarter valued at $29,000. Finally, Horizon Investments LLC purchased a new stake in Quantum Computing in the 3rd quarter valued at $55,000. 4.26% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth Several research analysts have issued reports on the stock. Wedbush initiated coverage on shares of Quantum Computing in a research report on Monday, August 3rd. They set a “neutral” rating and a $12.00 price objective on the stock. Lake Street Capital reiterated a “buy” rating on shares of Quantum Computing in a research note on Monday, July 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum Computing in a report on Wednesday, June 24th. Ascendiant Capital Markets upped their price target on Quantum Computing from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $10.00 price target on shares of Quantum Computing in a report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Quantum Computing presently has a consensus rating of “Hold” and a consensus target price of $18.67.
View Our Latest Stock Report on QUBT Quantum Computing Price Performance Shares of NASDAQ:QUBT opened at $8.23 on Tuesday. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -117.55 and a beta of 3.74. Quantum Computing Inc. has a 12 month low of $6.18 and a 12 month high of $25.84. The business’s 50 day simple moving average is $8.62 and its 200-day simple moving average is $8.86.
Quantum Computing (NASDAQ:QUBT – Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The firm had revenue of $5.55 million during the quarter, compared to analyst estimates of $5.15 million. On average, equities analysts anticipate that Quantum Computing Inc. will post -0.18 earnings per share for the current year.
Quantum Computing Company Profile (Free Report)
Quantum Computing Inc (NASDAQ: QUBT) is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.
The company’s flagship product, Qatalyst, is a quantum-inspired optimization platform that applies advanced heuristic solvers to address complex combinatorial problems in logistics, supply chain management, finance and other data-intensive fields.
Recommended Stories Five stocks we like better than Quantum Computing Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season Insiders Are Betting Big on These 3 Healthcare Stocks 3 Stocks for Investors Who Still Believe Cash Is King Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason Want to see what other hedge funds are holding QUBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quantum Computing Inc. (NASDAQ:QUBT – Free Report).
Receive News & Ratings for Quantum Computing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantum Computing and related companies with MarketBeat.com's FREE daily email newsletter.
, /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), a vertically integrated quantum company pioneering photonics and semiconductor manufacturing, today announced that Dr. Yuping Huang, Chief Executive Officer and Chris Roberts, Chief Financial Officer, will participate in the Lake Street Capital Markets 10th Annual Best Ideas Growth (Big10) Conference being held on September 10 at the Metropolitan Club in New York City. Dr. Huang and Mr. Roberts will be available for one-on-one meetings during the conference.
To schedule a one-on-one meeting with QCi, please contact your Lake Street representative.
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.
QCi Investor Relations Contacts:
IMS Investor Relations
John Nesbett/Zach Nevas
[email protected]
David Moskowtiz, Head of Investor Relations
[email protected]
QCi Media & Communications Contact:
Karen Jeffers, Director, Marketing and Communications
[email protected]
Key Takeaways Quantum Computing's NHanced deal accelerates Fab 2 and expands advanced packaging capabilities. NuCrypt adds quantum optics, RF-photonics and signal-processing patents to Quantum Computing's IP. The acquisitions could broaden Quantum Computing's secure communications and computing opportunities. Quantum Computing Inc. (QUBT - Free Report) or 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 acquisition of NHanced Semiconductors strengthens its long-term growth prospects by accelerating the launch of Fab 2 and expanding its advanced packaging, semiconductor manufacturing and photonic integration capabilities.
QCi announced the completion of its acquisition of NuCrypt, LLC, a quantum communications technology company, in a $5 million transaction to be paid through a combination of cash and QCi common stock. NuCrypt’s patent portfolio spans quantum optics, RF-photonics and photonic signal processing, strengthening QCi’s intellectual property position and technology depth. Over the long term, these capabilities could expand the company’s opportunities in secure communications and advanced computing applications and support broader commercialization of its technology portfolio.
These developments are expected to act as a tailwind for QCi’s long-term growth prospects.
Peer UpdateRigetti (RGTI - Free Report) signed a letter of intent 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 continues to target a path toward systems with approximately 1,000 qubits, 99.9% two-qubit gate fidelity, and gate speeds below 50 nanoseconds over roughly a three-year time horizon. To support this roadmap, the company has continued investing in dilution refrigeration capacity and related infrastructure designed to accommodate higher-qubit-count systems.
IonQ (IONQ - Free Report) successfully closed the SkyWater and Nexus acquisitions, which extended IonQ’s full-stack quantum platform and merchant supplier leadership to the United States and allied ecosystem. IonQ also made significant strides toward demonstrating its 256-qubit quantum computer and publishing results on its quantum error-correction technology. These developments are expected to serve as a tailwind for IonQ’s long-term growth prospects.
QUBT’s Share Price PerformanceOver the past year, QCi’s shares have plunged 44.5% compared with the industry’s 13.9% decline.
Image Source: Zacks Investment Research
QUBT’s Expensive ValuationQUBT currently trades at a forward 12-month price-to-sales (P/S) of 37.85X compared with the industry’s median of 4.09X.
Image Source: Zacks Investment Research
QUBT Stock Estimate TrendOver the past 30 days, QCi’s loss per share estimate for 2026 has moved south.
Image Source: Zacks Investment Research
QUBT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways QUBT is favored for its more favorable price target despite similar recent gains. QUBT gains traction from Dirac-3 sales, NeuraWave readiness and expanded photonic capabilities. Rigetti faces technical hurdles, rising costs and uneven revenues despite its hardware roadmap. Quantum Computing (QUBT - Free Report) or QCi and Rigetti (RGTI - Free Report) are widely followed pure-play quantum computing companies focused on developing quantum hardware and driving commercial adoption. QCi is focused on integrated photonics, quantum optics and advanced semiconductor manufacturing. Its products are designed to operate at room temperature with relatively low power requirements, targeting applications in optimization, AI, sensing, imaging and cybersecurity. Key offerings include the Dirac Entropy Quantum Computer, NeuraWave photonic reservoir computing platform, photonic sensing systems and quantum-secured communication solutions, alongside photonic-chip foundry and advanced packaging services.
Rigetti develops and operates superconducting quantum computers, using a vertically integrated approach that spans chip design, fabrication, systems and cloud delivery. Its products include the Novera QPU, the 84-qubit Ankaa-3 system and the newer 36-qubit Cepheus-1-36Q, which uses its proprietary multi-chip architecture. The company also provides cloud access through Rigetti Quantum Cloud Services (“QCS”) and offers foundry and professional services.
Per a Fortune Business Insights report, the global quantum computing market size was valued at $1.39 billion in 2025. The market is projected to grow from $1.82 billion in 2026 to $17.89 billion by 2034, exhibiting a CAGR of 33.0% during the period.
Over the past month, shares of QUBT and RGTI have gained 8.1% and 9.7%, respectively.
Image Source: Zacks Investment Research
Recent Developments Supporting QCi’s GrowthQCi expanded customer traction across its quantum optimization and photonic computing platforms, including the sale and installation of a Dirac-3 system for enterprise applications, such as portfolio optimization.
NeuraWave reached deployment readiness, supported by a framework agreement with Planck Dynamics representing more than $10 million in potential value. The company also acquired NHanced Semiconductors to accelerate Fab 2 and expand advanced packaging and photonic integration capabilities.
QUBT Stock’s Drawbacks In the second quarter, operating expenses totaled $21.8 million, more than 3.5X revenues. Operating expenses also increased 114% year over year. This large gap between revenues and spending is the fundamental reason behind the company remaining unprofitable. QUBT attributed the increase in operating expenses partly to higher personnel/payroll costs associated with R&D.
Estimates: QUBT vs. RGTIThe Zacks Consensus Estimate for QUBT’s 2026 bottom line is pegged at a loss of 18 cents per share, implying a 63.6% decline from the prior-year reported loss.
Image Source: Zacks Investment Research
For the full year, the Zacks Consensus Estimate for RGTI’s bottom line is pegged at a loss of 19 cents per share, implying a 70.3% improvement from the 2025 reported figure.
Image Source: Zacks Investment Research
Rigetti’s Technology Roadmap Supports GrowthRigetti signed a letter of intent with the U.S. Department of Commerce for up to $100 million in funding to accelerate superconducting quantum R&D. The company is also fulfilling on-premises system orders, including Novera-based systems and a 108-qubit system for C-DAC in India, while advancing a planned investment of up to $100 million in the U.K. Rigetti continues to target systems with roughly 1,000 qubits, 99.9% two-qubit gate fidelity and sub-50-nanosecond gate speeds over the next three years.
Headwinds Facing RGTI Rigetti continues to face technical, financial and commercialization headwinds. Cepheus-1-108Q operated at approximately 99.1% median two-qubit gate fidelity, while its 25-30 microsecond coherence times highlight the need for further improvement.
Second-quarter operating expenses amounted to $30.3 million, up 48.5% year over year, widening the operating loss to $28.1 million from $19.9 million. Revenues remain lumpy, as the timing of system deliveries and government-funded projects affects quarterly performance, while commercial adoption remains largely focused on research applications.
Bullish Price Target for QUBT Over RGTIBased on short-term price targets, the average price target for QCi is $18.33. The average price target represents an increase of 116.67% from the last closing price.
Image Source: Zacks Investment Research
Based on short-term price targets, the average price target for Rigetti is $29.55. The average price target represents an increase of 74.44% from the last closing price.
Image Source: Zacks Investment Research
Final Take: QUBT or RGTI?Both QCi and Rigetti benefit from the exposure to the rapidly expanding quantum computing market, but their investment cases differ. QCi offers commercialization potential through its photonic technology, customer traction and foundry expansion, but high spending and losses remain concerns. Rigetti’s hardware roadmap and government support are encouraging, though technical hurdles, rising costs and uneven revenues pose risks.
QUBT carries a Zacks Rank #3 (Hold), while RGTI has a Zacks Rank #5 (Strong Sell). Given the stronger Zacks Rank and a more favorable price target, investors may prefer QUBT over RGTI despite both stocks posting similar recent gains. Despite RGTI’s improving loss estimate, its weaker rank signals greater near-term risk. Therefore, investors may consider retaining QUBT while exiting RGTI.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
BlackRock Inc. bought a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,733,975 shares of the company’s stock, valued at approximately $172,020,000. BlackRock Inc. owned 7.86% of Quantum Computing as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of QUBT. International Assets Investment Management LLC bought a new position in shares of Quantum Computing in the 4th quarter worth $26,000. Rhumbline Advisers bought a new stake in Quantum Computing during the first quarter valued at about $28,000. Tucker Asset Management LLC purchased a new position in Quantum Computing in the fourth quarter valued at about $29,000. State of Wyoming purchased a new position in Quantum Computing in the second quarter valued at about $29,000. Finally, FWL Investment Management LLC bought a new position in Quantum Computing in the second quarter worth about $33,000. Institutional investors own 4.26% of the company’s stock.
Quantum Computing Stock Performance Shares of QUBT stock opened at $8.65 on Friday. Quantum Computing Inc. has a fifty-two week low of $6.18 and a fifty-two week high of $25.84. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of -123.55 and a beta of 3.74. The stock’s 50-day simple moving average is $8.72 and its 200-day simple moving average is $8.88.
Quantum Computing (NASDAQ:QUBT – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The company had revenue of $5.55 million for the quarter, compared to analysts’ expectations of $5.15 million. As a group, equities analysts forecast that Quantum Computing Inc. will post -0.18 earnings per share for the current year. Wall Street Analysts Forecast Growth Several analysts have commented on the stock. Wall Street Zen lowered shares of Quantum Computing from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Cantor Fitzgerald reiterated a “neutral” rating and set a $10.00 price objective on shares of Quantum Computing in a research note on Tuesday, August 11th. Ascendiant Capital Markets increased their target price on shares of Quantum Computing from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday. Rosenblatt Securities restated a “buy” rating and issued a $22.00 target price on shares of Quantum Computing in a research note on Monday, June 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Quantum Computing in a research note on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.67.
View Our Latest Analysis on QUBT
(Free Report)
Quantum Computing Inc (NASDAQ: QUBT) is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.
The company’s flagship product, Qatalyst, is a quantum-inspired optimization platform that applies advanced heuristic solvers to address complex combinatorial problems in logistics, supply chain management, finance and other data-intensive fields.
Further Reading Five stocks we like better than Quantum Computing Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape SEC Probe Puts Wall Street Leverage Risk Back in Focus A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole Five Below’s Turnaround Is Working—But Has the Stock Run Too Far? Want to see what other hedge funds are holding QUBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quantum Computing Inc. (NASDAQ:QUBT – Free Report).
Receive News & Ratings for Quantum Computing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantum Computing and related companies with MarketBeat.com's FREE daily email newsletter.
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.
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
QUBT, on Aug, 21, was also just above its 50-day SMA but remained below its 200-day SMA, indicating weaker longer-term momentum.
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
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.
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.
Image Source: Zacks Investment Research
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.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Friday’s tape in quantum computing reveals how to own the theme. Five pure-play names are rallying together while the sector’s flagship ETF barely registers the move, and that gap matters more than any single price on the board.
Infleqtion (NYSE:INFQ) stock is up 10% to $13.82 in Friday midday trading, leading the pure-play group higher. Meanwhile, Rigetti Computing (NASDAQ:RGTI) stock is climbing 9% to $17.56, riding the same sector bid. Additionally, IonQ (NYSE:IONQ | IONQ Price Prediction) stock is rallying 7% to $44.62 alongside its peers.
D-Wave Quantum (NYSE:QBTS) stock is advancing 7% to $20.06, matching the group move. Notably, Quantum Computing Inc. (NASDAQ:QUBT) stock is rising 7% to $8.75, rounding out the group’s advance.
However, Defiance Quantum ETF (NASDAQ:QTUM) shares are up 0.5% to $149.87, essentially flat against a group-wide bid in the names it holds. So, what’s driving these quantum-computing stocks today?
Sector Rotation Drives the Group Higher Friday’s move traces to theme rotation across quantum computing. There’s no Friday announcement at Infleqtion, Rigetti Computing, IonQ, D-Wave Quantum, or Quantum Computing Inc. Five separate pure plays rising together between 7% and 10% is the classic signature of a group trade.
The sector has been positioning around anticipated federal contract flow, including U.S. Department of Commerce letters of intent for up to $100 million in proposed funding to both Infleqtion and Rigetti Computing, plus White House executive orders elevating quantum as a national priority. The bid reflects investors leaning into that pipeline rather than reacting to any single filing or press release.
Fund Divergence Is the Real Signal Defiance Quantum ETF shares moved 0.5% while five of the pure-play quantum names it holds rose 7% or more. A fund that barely registers a day like this cannot be holding those pure plays at meaningful weight, meaning its exposure sits mostly in larger, more diversified computing and semiconductor businesses.
Year-to-date figures confirm the point. The ETF’s shares were up 37% year to date through Thursday’s close, while every pure play named here was negative over the same stretch. Whatever produced the fund’s 2026 gain, it was not these stocks.
2026 Scorecard Frames the Bounce Every established pure play came into Friday underwater for the year. IonQ stock was down 7% year to date through Thursday’s close, and Quantum Computing Inc. stock was down 21%.
Rigetti Computing stock was down 27% year to date through Thursday’s close, and D-Wave Quantum stock was down 28%. Infleqtion has no 2026 year-to-date comparison because it listed on February 17, and shares are still trading below the $15.59 debut price after closing Thursday at $12.55.
A 7% to 10% session reads as a bounce off a bad year rather than a breakout. Shares of Infleqtion were up 27% over the past month through Thursday’s close, so the Friday move continues a shorter-term recovery in a name still below its listing level.
Infleqtion’s Backdrop Predates the Move Infleqtion’s recent news flow predates today’s tape. On August 17, Infleqtion reported updated Q2 2026 results showing revenue of $13.5 million, up 157% year over year, the company said 100% organic and entirely from quantum. The company raised its full-year 2026 revenue outlook to $45.1 million from $43 million.
The revision came from an accounting adjustment on two government contracts, and Infleqtion filed a Form 12b-25 late-filing notice, so the raise is not clean operating upside. GAAP operating loss widened to $29.9 million from $10.4 million a year earlier, while the company said it remains “on track for 30 logical qubits this year”. CEO Matt Kinsella said “the pace of quantum commercialization is accelerating.”
On August 18, Infleqtion opened the Colorado Quantum Innovation Center in Louisville, Colorado as its global headquarters. A day later, Infleqtion outlined a 2027 Colorado field test of its quantum gravity gradiometry technology aimed at mapping critical mineral deposits. Infleqtion systems are already in use by the U.S. Department of War, NASA and the UK Royal Navy.
What to Watch Now Friday’s rally in quantum is built on anticipation of government contract awards, not on anything announced today. Investors can watch for signs that the Commerce Department’s letters of intent with Infleqtion and Rigetti Computing convert into definitive agreements, since the group’s bid depends on that pipeline landing.
Position sizing should reflect that these pure plays carry high beta, negative earnings, and a fund like Defiance Quantum ETF that is not tracking their day-to-day moves. Traders could look for signs that the group holds its gains into Friday’s close, because a fade would confirm this session is momentum-driven rather than the start of a durable re-rating.
Contact [email protected] for any questions or corrections.
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.
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
QUBT Stock Estimate TrendOver the past 30 days, QCi’s loss per share estimate for 2026 has moved south.
Image Source: Zacks Investment Research
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 pairs rising customer traction and $1.3 billion in liquidity with heavy losses, leaving shareholders advised to stay put while new buyers wait.
Early August brought the latest round of earnings reports for quantum computing companies, along with a chance for investors to see if any pure-play firms have begun to differentiate themselves from the competition. Results were uneven across the industry, with firms like IonQ Inc. NYSE: IONQ getting a share price boost after strong results while others, like D-Wave Quantum NASDAQ: QBTS, had a more difficult time.
The earnings season didn't end with major players in the quantum space, however, and two smaller names also reported results. Quantum Computing Inc. NASDAQ: QUBT and Infleqtion Inc. NYSE: INFQ both reported standout growth figures, but each company also struggles as a smaller firm with mounting expenses in a competitive space. The question for investors will be whether either or both of these companies has shown enough earnings potential to challenge larger firms like D-Wave and IonQ at this stage.
Get Quantum Computing alerts:
Quantum Computing's Revenue and Expenses Tests Yield Mixed ResultsAt $2 billion in market value, Quantum Computing is at a critical middle stage in terms of its growth. The company stood out early in the year for its excellent cash position, which facilitated multiple acquisitions that are anticipated to help drive production growth. The test of this latest earnings period was whether the firm would be able to keep its operating expenses in check and grow its still-thin revenue.
Quantum Computing Today
QUBT
Quantum Computing
$8.94 -0.07 (-0.75%)
As of 10:21 AM Eastern
This is a fair market value price provided by Massive. Learn more.
$6.18▼
$25.84$18.33
Quantum Computing was partially successful in those goals. The bad news first: expenses are still mounting, and at a rate likely to make investors nervous. Operating expenses more than doubled year over year (YOY) to nearly $22 million, although about a third of those expenses were related to acquisitions. On the positive side, however, the company still ended the quarter with about $1.3 billion in cash and other investments, so its reserves are strong even after some major purchases.
On a brighter note, the company's revenue continues to grow, reaching $5.6 million in Q2 after hitting $3.7 million in Q1. The backlog isn't huge but should support activity through Q3 2027 regardless of future contracts. So far, Quantum Computing has not folded under the pressure, but investors will certainly be asking many of the same questions in future earnings periods as well.
Infleqtion Also Struggles With Widening LossesInfleqtion is only slightly bigger than Quantum Computing, but the company stands out for its unique neutral-atom technology and focus on quantum sensing, which should allow it to scale production more easily than some of its rivals.
Infleqtion Today
$13.20 +0.34 (+2.60%)
As of 10:21 AM Eastern
This is a fair market value price provided by Massive. Learn more.
$8.52▼
$27.50$20.60
This company's revenue growth trajectory was also confirmed by its Q2 2026 earnings results. The firm announced 116% YOY revenue improvement to $12.6 million.
Like Quantum Computing above, however, Infleqtion must deal with significant costs to run its business. GAAP operating losses of almost $31 million were more than triple a year earlier, another red flag for some investors.
Infleqtion's balance sheet had $582 million in cash and equivalents as of the end of Q2, which is better than some rivals but does not help it to stand out compared to cash-rich companies like Quantum Computing and D-Wave.
Comparison Against the Bigger PlayersIonQ has emerged as a favorite among the bigger players for its strong revenue, ambitious guidance, strategic acquisitions, and evidence of success at scaling. So long as smaller companies, including Quantum Computing and Infleqtion, continue to struggle with expenses and losses while reporting small revenue, they are unlikely to rival IonQ for the time being.
D-Wave, a mid-tier player, had ground to lose in the Q2 earnings season, and it may have done just that. Revenue came in well below analyst predictions and actually slid backward slightly YOY. Plus, revenue was lower on an absolute basis than either of the smaller companies above. An advantage that D-Wave has, however, is its stellar bookings growth, which could forecast substantial revenue success in the future. For the time being, though, as sales remain quite lumpy and volatile from quarter to quarter, a company like D-Wave may be likely to take some steps forward and others backward in its earnings reports.
For investors, the decision is whether a bet on the quantum computing industry as a whole remains the safest way to gain exposure, or whether it makes more sense to target individual firms. IonQ is doing what it can to distinguish itself from the rest of the field, but otherwise, even smaller names can point to noteworthy earnings successes that may justify further investor interest.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Quantum Computing Right Now?Before you consider Quantum Computing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quantum Computing wasn't on the list.
While Quantum Computing currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
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.
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
QUBT Stock Estimate TrendOver the past 30 days, QCi’s loss per share estimate for 2026 has moved south.
Image Source: Zacks Investment Research
QUBT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways QCi targets growth through Dirac-3, NeuraWave and Planck Dynamics, backed by a $42.5M backlog.QCi's average analyst price target implies 104.8% upside from its $8.95 closing price.Quantinuum's Q2 revenues jumped 279%, with 2026 guidance of $28-$32M and $2B in liquidity. The quantum computing industry made further progress toward commercialization in the second quarter of 2026, with enterprise adoption, government support and capital availability strengthening across the space. McKinsey's April 2026 Quantum Technology Monitor points to accelerating commercialization, with more than 300 organizations worldwide engaging with quantum computing and early movers transitioning from pilots to applications embedded in end-to-end workflows.
The report also found that one-third of the large global companies it analyzed allocated more than $10 million to quantum computing initiatives in 2025, with spending focused largely on use-case development, integration with existing technology stacks and internal capabilities.
The quarter also saw significant developments in commercial infrastructure and funding. IonQ’s (IONQ - Free Report) 60% of second-quarter revenues came from commercial customers. IonQ also made progress on its 256-qubit system, quantum error correction, quantum networking and the integration of SkyWater Technology and Nexus Photonics into its full-stack strategy. D-Wave's (QBTS - Free Report) 62.4% of second-quarter revenues came from commercial customers, up from 45.1% a year earlier. More significantly, first-half bookings reached $35.5 million, up 1,120% year over year, including a $20 million system sale, while remaining performance obligations rose 668% to $40.7 million.
Against this backdrop, two stocks stand out in August for their more than 75% short-term price-target upside following their second-quarter releases. These are Quantum Computing Inc. (QUBT - Free Report) or QCi and Quantinuum (QNT - Free Report) .
Image Source: Zacks Investment Research
Quantum Stocks Rally in Q2 & Then Face a Sharp July ResetThe markets reflected this improving commercial narrative during April-June. The Defiance Quantum ETF (QTUM - Free Report) rallied 51.3% over the April to June period, banking on the consolidated gains that came as investors increasingly focused on bookings, system sales, enterprise partnerships and technology milestones rather than quantum computing's longer-term potential alone. The June IPO of Quantinuum added another important development to the public-market landscape, with the company raising $1.68 billion and becoming one of the largest publicly traded pure-play quantum companies.
However, the strong second-quarter rally quickly gave way to a broad reset in July, as shown in the following chart. The decline followed substantial gains in the preceding quarter and reflected high valuation sensitivity of speculative technology stocks.
Share Price Performance in July
Image Source: Zacks Investment Research
August Positioning: Fundamentals Are Becoming More ImportantThe major pure plays have now reported second-quarter results, giving investors more evidence on revenue growth, customer adoption, liquidity and technology execution. D-Wave's second-quarter revenues missed expectations despite a sharp increase in bookings, while Rigetti reported strong revenue growth. IonQ also reported substantial revenue growth. The results showed a key shift in the sector. Investors are increasingly looking for evidence of commercial conversion rather than relying solely on technology milestones.
2 Stocks with 75%+ Target Price in AugustQCi: Quantum Computing enters the second half of 2026 with several potential growth drivers. In the near term, the Dirac-3 deployment, NeuraWave’s commercial readiness and its Planck Dynamics agreement could expand customer adoption, with the latter carrying potential program value above $10 million subject to milestones. The $42.5 million backlog and $1.3 billion cash position provide funding for continued execution. For the longer term, the NHanced acquisition and the launch of Fab 2 expand QCi’s advanced packaging and semiconductor manufacturing capabilities, supporting its strategy to scale photonic and quantum technologies. The key catalysts will be converting these deployments into recurring revenues while integrating its acquisitions and controlling rising operating costs.
Based on short-term price targets offered by six analysts, the average price target for QCi represents an increase of 104.8% from the last closing price of $8.95. QCi carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
Quantinuum: The company entered the second half of 2026 with accelerating commercial activity. Second-quarter 2026 revenues jumped 279% year over year, while the company issued 2026 revenue guidance of $28-$32 million. In the near term, the Oracle partnership to deploy Helios through Oracle Cloud Infrastructure could broaden enterprise access, while its HPE collaboration targets integration of quantum computing with HPC environments. Quantinuum also demonstrated near-five-nines logical fidelity on Helios, advancing its error-correction efforts.
For the longer term, its planned Sol system in 2027 and Apollo roadmap are aimed at scaling quantum capabilities. With more than $2 billion in liquidity following its IPO, Quantinuum has substantial resources to fund this roadmap, although profitability remains a longer-term objective.
Based on short-term price targets offered by 12 analysts, the average price target for QNT represents an increase of 76.2% from the last closing price of $56.1. Quantinuum carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
California State Teachers Retirement System grew its position in shares of Quantum Computing Inc. (NASDAQ:QUBT – Free Report) by 32.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 252,002 shares of the company’s stock after buying an additional 61,790 shares during the quarter. California State Teachers Retirement System owned 0.11% of Quantum Computing worth $1,726,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Two Sigma Investments LP increased its position in shares of Quantum Computing by 2.5% during the third quarter. Two Sigma Investments LP now owns 40,705 shares of the company’s stock valued at $749,000 after acquiring an additional 1,001 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Quantum Computing by 9.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,515 shares of the company’s stock valued at $86,000 after buying an additional 1,057 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Quantum Computing by 43.5% in the third quarter. NewEdge Advisors LLC now owns 5,030 shares of the company’s stock worth $93,000 after purchasing an additional 1,525 shares in the last quarter. FWL Investment Management LLC bought a new stake in Quantum Computing during the 2nd quarter valued at $33,000. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of Quantum Computing by 47.1% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 5,823 shares of the company’s stock valued at $107,000 after purchasing an additional 1,864 shares during the period. Hedge funds and other institutional investors own 4.26% of the company’s stock.
Key Quantum Computing News Here are the key news stories impacting Quantum Computing this week:
Positive Sentiment: Rosenblatt Securities maintained a Buy rating, providing supportive analyst coverage. Rosenblatt Securities Remains a Buy on Quantum Computing Positive Sentiment: Second-quarter revenue surged to $5.55 million from $61,000 a year earlier, while the net loss narrowed year over year. Management is positioning QUBT for commercial manufacturing in photonics, semiconductors and packaging, with a reported $42.5 million contract backlog. Quantum Computing Q2 Earnings Call Centers on Commercial Scaling Positive Sentiment: The company completed its NHanced acquisition, potentially expanding its advanced semiconductor manufacturing capabilities and revenue base. Quantum Computing’s Q2 Revenue Rockets Year Over Year Neutral Sentiment: Cantor Fitzgerald reaffirmed its Neutral/Hold rating but raised or maintained a $10 price target, implying potential upside from recent trading levels. Quantum Computing Gets a Hold from Cantor Fitzgerald Neutral Sentiment: Recent coverage highlights improving revenue and narrower losses as a possible business inflection point, but QUBT remains unprofitable and its long-term investment case is still dependent on successful commercialization. Quantum Computing Results May Indicate Inflection Point Negative Sentiment: Q2 earnings showed a larger-than-expected per-share loss of $0.05 versus the $0.03 consensus, while higher costs and negative gross profit continue to pressure profitability. QUBT Q2 Loss Matches, Revenues Beat Negative Sentiment: Analysts and commentators caution that QUBT’s roughly $2 billion valuation may be difficult to justify if revenue growth relies heavily on acquisitions, while integrating LSI, NuCrypt and NHanced and scaling the Arizona thin-film facility create significant execution and capital risks. Quantum Computing: A $2B Valuation Built on Bought Revenue Wall Street Analysts Forecast Growth A number of brokerages have weighed in on QUBT. Wall Street Zen lowered Quantum Computing from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Ascendiant Capital Markets increased their target price on shares of Quantum Computing from $27.00 to $30.00 and gave the company a “buy” rating in a report on Monday, June 15th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $22.00 price target on shares of Quantum Computing in a research note on Monday, June 29th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $10.00 price objective on shares of Quantum Computing in a research note on Tuesday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum Computing in a report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Quantum Computing presently has an average rating of “Hold” and a consensus target price of $18.33.
Check Out Our Latest Stock Analysis on Quantum Computing
Quantum Computing Price Performance Shares of Quantum Computing stock opened at $8.92 on Thursday. Quantum Computing Inc. has a 1 year low of $6.18 and a 1 year high of $25.84. The firm’s 50-day moving average is $9.07 and its 200 day moving average is $8.98. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of -127.41 and a beta of 3.74.
Quantum Computing (NASDAQ:QUBT – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The business had revenue of $5.55 million for the quarter, compared to analyst estimates of $5.15 million. On average, equities analysts expect that Quantum Computing Inc. will post -0.14 EPS for the current fiscal year.
Quantum Computing Company Profile (Free Report)
Quantum Computing Inc (NASDAQ: QUBT) is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.
The company’s flagship product, Qatalyst, is a quantum-inspired optimization platform that applies advanced heuristic solvers to address complex combinatorial problems in logistics, supply chain management, finance and other data-intensive fields.
Featured Stories Five stocks we like better than Quantum Computing GE Vernova’s AI Power Boom Faces a Profit Test Cardinal Health Earnings: Can Perfection Get Priced In Twice? Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand Legacy Jet Builders Stall While Embraer Accelerates to New Highs
Receive News & Ratings for Quantum Computing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantum Computing and related companies with MarketBeat.com's FREE daily email newsletter.
Amundi purchased a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 73,429 shares of the company’s stock, valued at approximately $503,000.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Quantum Computing by 38.1% in the 4th quarter. Vanguard Group Inc. now owns 16,841,423 shares of the company’s stock worth $172,793,000 after purchasing an additional 4,643,818 shares during the period. Marex Group plc grew its stake in shares of Quantum Computing by 255.6% in the fourth quarter. Marex Group plc now owns 8,272,153 shares of the company’s stock valued at $84,872,000 after buying an additional 5,945,679 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Quantum Computing in the third quarter valued at about $123,014,000. Geode Capital Management LLC raised its holdings in shares of Quantum Computing by 45.5% during the 4th quarter. Geode Capital Management LLC now owns 4,565,192 shares of the company’s stock valued at $46,846,000 after buying an additional 1,428,120 shares during the period. Finally, State Street Corp raised its holdings in shares of Quantum Computing by 44.1% during the 4th quarter. State Street Corp now owns 4,344,023 shares of the company’s stock valued at $44,570,000 after buying an additional 1,329,433 shares during the period. Institutional investors and hedge funds own 4.26% of the company’s stock.
Wall Street Analysts Forecast Growth A number of equities analysts have weighed in on QUBT shares. Wedbush assumed coverage on Quantum Computing in a report on Monday, August 3rd. They issued a “neutral” rating and a $12.00 price target for the company. Wall Street Zen lowered shares of Quantum Computing from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Ascendiant Capital Markets boosted their target price on shares of Quantum Computing from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Quantum Computing in a research note on Wednesday, June 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $10.00 price objective on shares of Quantum Computing in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Quantum Computing has a consensus rating of “Hold” and a consensus target price of $18.33.
Check Out Our Latest Stock Analysis on Quantum Computing
Key Headlines Impacting Quantum Computing Here are the key news stories impacting Quantum Computing this week:
Positive Sentiment: Second-quarter revenue surged to $5.55 million from $61,000 a year earlier and exceeded the roughly $5.15 million analyst estimate. Revenue also increased from $3.7 million in the first quarter, driven primarily by photonics product sales to government, education and commercial customers. Quantum Computing Inc. Reports Second Quarter 2026 Financial Results Positive Sentiment: Management is shifting from research toward commercial manufacturing, supported by the completed NHanced Semiconductors acquisition, the launch of Fab 2, photonics and semiconductor capabilities, and a reported $42.5 million contract backlog. The company also highlighted progress on its Dirac-3 system and NeuraWave platform. Quantum Computing Q2 Earnings Call Centers on Commercial Scaling Positive Sentiment: QCi ended the quarter with approximately $1.3 billion in cash, cash equivalents and investments, providing substantial funding for manufacturing expansion and product development. Neutral Sentiment: Cantor Fitzgerald reaffirmed its Neutral rating while maintaining a $10 price target, modestly above the stock’s recent trading level. Cantor Fitzgerald Rating Neutral Sentiment: The reported short-interest entry shows zero shares and a zero-day short-interest ratio, but the data appears unreliable because it also reports an undefined percentage change. It provides no meaningful trading signal. Negative Sentiment: QUBT remained loss-making, reporting a net loss of approximately $11.8 million and a loss of $0.05 per share. Operating expenses more than doubled year over year to $21.8 million, while gross-loss pressure continues to raise concerns about the path to profitability. QUBT Q2 Loss and Revenue Results Negative Sentiment: Reported insider activity over the past six months shows two sales totaling 78,262 shares and no purchases, a modest negative sentiment indicator. Quantum Computing Stock Performance NASDAQ:QUBT opened at $8.95 on Wednesday. The stock has a 50-day simple moving average of $9.12 and a 200 day simple moving average of $9.00. Quantum Computing Inc. has a one year low of $6.18 and a one year high of $25.84. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of -127.84 and a beta of 3.74.
Quantum Computing (NASDAQ:QUBT – Get Free Report) last issued its earnings results on Monday, August 10th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $5.55 million during the quarter, compared to the consensus estimate of $5.15 million. On average, equities research analysts forecast that Quantum Computing Inc. will post -0.14 EPS for the current fiscal year.
About Quantum Computing (Free Report)
Quantum Computing Inc (NASDAQ: QUBT) is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.
The company’s flagship product, Qatalyst, is a quantum-inspired optimization platform that applies advanced heuristic solvers to address complex combinatorial problems in logistics, supply chain management, finance and other data-intensive fields.
Featured Articles Five stocks we like better than Quantum Computing Atlassian Just Pulled Off the Software Comeback Wall Street Wanted AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Receive News & Ratings for Quantum Computing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantum Computing and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEShort Interest in Western Uranium Corporation (OTCMKTS:WSTRF) Rises By 451.4%
NEXT HEADLINE »Western Copper and Gold (NYSEAMERICAN:WRN) Shares Cross Above Fifty Day Moving Average – Here’s Why
Key Takeaways QUBT is moving from research and prototyping toward scalable commercial manufacturing.NHanced adds advanced packaging and semiconductor capacity, with Fab 2 handling about 60,000 wafers a year.About 70%-80% of QUBT's business comes from government contracts. Quantum Computing Inc. (QUBT - Free Report) framed its second-quarter earnings call around a shift from research and prototyping toward commercial manufacturing. CEO, president and chairman Yuping Huang said that the quantum roadmap is supported by revenue-producing photonics, semiconductor and advanced-packaging capabilities.
Revenues of $5.6 million topped the Zacks Consensus Estimate of $4.70 million. The company reported a loss of $0.05 per share, which matched the consensus estimate.
QUBT Targets a Two-Engine Growth ModelHuang described two complementary growth engines. QUBT plans to advance room-temperature photonic quantum systems while expanding commercial photonics and semiconductor offerings.
He said those products can generate revenue today while building the manufacturing base for future quantum systems. That linkage remains central to the strategy.
NeuraWave reached commercial readiness, and Planck Dynamics ordered five systems. Huang said that the framework could expand to multiple dozens and more than $10 million in program value as milestones are achieved.
QCi Adds Scale Through NHancedHuang said that the NHanced Semiconductors acquisition accelerated Fab 2 and expanded advanced packaging, photonic integration and semiconductor manufacturing. The operation also adds customers and production flexibility.
A Rosenblatt Securities analyst asked how NHanced changed capital needs. CFO Christopher Roberts said that the facility can handle roughly 60,000 wafers annually, while upgrades are in planning at $50 million to $100 million, probably closer to $75 million.
Roberts said that QCi does not expect to spend anywhere near that amount this year. QCi ended June with about $1.3 billion in cash and investments after using roughly $180 million for three acquisitions.
QUBT Sees Broader DIRAC-3 OpportunityA Rosenblatt Securities analyst asked about expanding DIRAC-3 capacity. Huang said that QUBT has made progress increasing functionality and supported variables, with further news expected in the coming months.
A Cantor Fitzgerald analyst asked how DIRAC-3 differs from other optimization approaches. Huang said that the room-temperature photonic system uses quantum effects for difficult optimization problems, with benchmarking showing advantages versus other approaches.
Huang said that wider adoption requires smaller size, weight, power and cost, more variables and better solution quality. He noted that QUBT does not yet have a gate-based quantum machine.
QCi Flags Backloaded Revenue TimingRoberts said that QCi is still not providing formal guidance. He continues to stand by models showing $20 million to $25 million of 2026 revenues before NHanced.
For NHanced, Roberts discussed a contribution range of $7 million to $16 million. He said technical completion and customer acceptance make quarterly timing difficult.
Roberts advised modelers to err toward backloading revenue. He said recent NHanced results were affected by business-mix changes and funding on a large Navy contract being pushed to next year.
QUBT's Backlog Remains Government-HeavyA Lake Street Capital Markets analyst asked about the $42.5 million June-end backlog. Roberts said that it had not changed much over the following 40 days and moves unevenly.
He said the contracts generally run 12 to 18 months. The current backlog would extend into the third quarter of next year if no additional business were added.
Roberts said that roughly 70% to 80% of QUBT’s business comes from government contracting, mainly through subcontracts. Commercial business ranks second, while education is a distant third.
QCi Expands Commercial Sales EffortAn Ascendiant Capital Markets analyst asked whether commercial expansion would require more sales investment. Roberts said that new chief revenue officer Susan Hunt plans key hires across commercial and government sales.
Huang said that the change reflects an inflection point in technology and manufacturing readiness. He said QCi is prepared to address the market at greater scale.
Roberts said that the company intends to emphasize sales and build backlog faster. Huang tied that effort to broader commercialization of QCi’s technology and products.
QUBT Keeps Focus on Integration and ScaleHuang said that second-half priorities center on integrating recent acquisitions and moving from research-driven innovation toward scalable production. He also said QUBT will keep evaluating targeted acquisitions that strengthen its path to scale.
The earnings call kept near-term attention on manufacturing capacity, product readiness and customer execution. Huang maintained the longer-term focus on commercializing quantum technologies alongside photonics and semiconductor capabilities.
QCi's Zacks Signals Remain MixedPresently, QUBT carries a Zacks Rank #3 (Hold). Its Value Score of F, Growth Score of C, Momentum Score of D and VGM Score of F place it below the A or B grades Zacks identifies as stronger style signals. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks says Rank #3 can be held, but better Style Scores are preferable, with the strongest framework combining Rank #1 or #2 stocks with A or B scores. QUBT’s Zacks Rank can change as earnings estimates are revised after the just-reported results.
Key Takeaways QUBT's Q2 loss matched estimates as revenues jumped 9,000% to $5.55 million and beat consensus by 18.1%. Photonics product sales drove QUBT's revenue surge, while contract backlog reached $42.50 million at June 30. QUBT's operating expenses rose 114.3% to $21.85 million, while net loss narrowed to $11.75 million. Quantum Computing Inc. (QUBT - Free Report) or “QCi” reported a second-quarter 2026 loss of 5 cents per share, matching the Zacks Consensus Estimate and narrowing 80.8% from a loss of 26 cents a year ago.
Revenues surged 9,000.0% year over year from $61,000 to $5.55 million and beat the consensus mark by 18.1%, driven mainly by photonics product sales. Additionally, contract backlog reached $42.50 million as of June 30.
Following the March 2 announcement, QUBT’s shares fell 0.1% in yesterday’s after-market trading session. This fall was due to investors’ concern about the company incurring a loss despite growth in revenues.
QUBT's Revenue Mix Gains ScaleSecond-quarter sales came from a broad mix of government, educational and commercial customers. Management said all business units contributed, with revenues primarily stemming from photonics products used in QCi's quantum roadmap and existing industrial applications.
Government work remains the largest end market. On the earnings call, management said roughly 70-80% of current business comes from government contracting, mainly through subcontracts, with commercial demand ranking second and education a distant third.
Quantum Computing's Cost Base ExpandsThe company posted a gross loss of $1.17 million versus a gross profit of $26 thousand a year earlier. Research and development expenses totaled $8.43 million, sales and marketing costs amounted to $1.93 million, and general and administrative expenses reached $11.49 million.
Operating expenses rose 114.3% year over year to $21.85 million. The increase reflected higher personnel and payroll costs tied to research and development, sales and marketing, along with $7.30 million of acquisition-related transaction expenses.
QUBT Advances Commercial Quantum ProductsDuring June, QCi sold, delivered and installed its Dirac-3 quantum optimization machine at a leading global consulting firm. The system is intended to support enterprise customers on complex optimization applications, including portfolio optimization.
NeuraWave reached deployment readiness during the quarter. QUBT also entered into a framework agreement with Planck Dynamics that included an initial order for five systems and could support multiple dozens of units, with potential aggregate program value exceeding $10.00 million, if specified milestones are achieved. A leading university also ordered QCi's quantum secure communications system for research and development work.
Quantum Computing Adds Manufacturing CapacityQCi completed the NHanced Semiconductors acquisition for cash and stock valued at $73.10 million, plus up to $72.00 million tied to performance targets. The deal launched Fab 2 ahead of schedule and added advanced packaging, semiconductor manufacturing and photonic integration capabilities. NHanced was QCi's third acquisition during the first half of 2026.
Management said the NHanced facility can currently process roughly 60,000 wafers annually. Planned upgrades are still being evaluated, with potential spending estimated at $50-$100 million, likely closer to $75 million, and little of that amount expected to be spent this year.
Quantum Computing Retains Financial FlexibilityCash, cash equivalents and investments totaled about $1.30 billion as of June 30, down from about $1.40 billion as of March 31. The company used approximately $180 million in cash, including transaction expenses, for the Luminar Semiconductor, NuCrypt and NHanced acquisitions.
Interest and other income increased to $12.95 million from $1.84 million. The mark-to-market loss on the warrant derivative liability fell to $1.68 million from $28.10 million, helping narrow the quarterly net loss to $11.75 million from $36.48 million a year earlier.
Our View on QUBT Stock Quantum Computing ended the second quarter of 2026 with loss in line with estimates and revenues beating the same. The year-over-year revenue growth was supported by rising photonics sales and expanding commercial activity. The quarter featured the NHanced Semiconductors acquisition, a Dirac-3 deployment and further commercialization of the NeuraWave photonic computing platform.
On a negative note, elevated operating costs and a gross loss continue to pressure profitability.
QUBT’s Zacks Rank & Key Picks Quantum Computing currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Computer and Technology sector are AppFolio (APPF - Free Report) , Amkor Technology (AMKR - Free Report) and Amphenol (APH - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of AppFolio have plunged 14.2% year to date. The Zacks Consensus Estimate for APPF’s 2026 earnings is pegged at $6.90 per share, up 2.2% over the past 30 days, indicating an increase of 30.4% year over year.
Shares of Amkor Technology have jumped 41.5% year to date. The Zacks Consensus Estimate for AMKR’s 2026 earnings is pegged at $2.62 per share, up 17.5% over the past seven days, indicating a rise of 74.7% year over year.
Amphenol shares have surged 26.8% year to date. The Zacks Consensus Estimate for APH’s 2026 earnings is pegged at $5.25 per share, up 7.8% over the past seven days, indicating an increase of 57.2% year over year.
2 Quantum Stocks That Could Challenge IonQ’s LeadershipQuantum Computing NASDAQ: QUBT reported second-quarter 2026 revenue of $5.6 million, up from $61,000 a year earlier and $3.7 million in the first quarter, as photonics product sales contributed across its government, educational and commercial customer base.
Chief Financial Officer Chris Roberts said the quarter’s revenue primarily came from photonics products used in the company’s quantum roadmap as well as existing industrial applications. He said government business, largely performed as a subcontractor to prime contractors in civil, aerospace and defense programs, currently represents about 70% to 80% of the company’s business. Commercial markets rank second, while educational customers represent a smaller portion, he said.
Get Quantum Computing alerts:
Financial Results and Backlog 2 Quantum Stocks Are Drawing Capital as AI Infrastructure Hits a WallThe company reported a net loss of $11.8 million, or $0.05 per share, compared with a net loss of $36.5 million, or $0.26 per basic share, in the second quarter of 2025. Roberts attributed much of the year-over-year improvement to a lower non-cash mark-to-market loss associated with warrant derivative liabilities related to the company’s 2022 merger with QPhoton.
Operating expenses rose 114% to $21.8 million from $10.2 million a year earlier. The increase reflected higher personnel and payroll costs for research and development, sales and marketing, as well as approximately $7.3 million in acquisition-related transaction costs.
A Quantum Shift: Why Speculative Money Is Ditching AIInterest and other income totaled $13 million, up from $1.8 million in the prior-year period, driven by interest generated from a larger cash position. At June 30, the company held approximately $1.3 billion in cash, cash equivalents and investments, down from about $1.5 billion at the end of 2025. Roberts said the decrease included roughly $180 million of cash used for the acquisitions of Luminar Semiconductor, NuCrypt and NHanced Semiconductors, including transaction expenses.
Total assets were approximately $1.6 billion, while total liabilities were $47.2 million. Contract backlog stood at approximately $42.5 million at June 30.
Roberts said backlog had not changed substantially in the roughly 40 days after quarter-end, though contract activity can occur unevenly. He said the contracts in backlog generally extend over 12 to 18 months and would support operations into the third quarter of 2027 or longer if no additional business were received.
Acquisitions Expand Manufacturing Capabilities Chief Executive Officer and Chairman Yuping Huang said the company completed three acquisitions during the first half of 2026 to expand its commercialization efforts, technical capabilities, manufacturing capacity and engineering staff.
In the second quarter, Quantum Computing completed its acquisition of NHanced Semiconductors, an independent U.S.-based advanced packaging foundry. Huang said the deal enabled the company to launch its Fab 2 initiative ahead of schedule and added capabilities in hybrid bonding, chiplet architectures, silicon interposers, photonic device integration and advanced semiconductor packaging.
Roberts said NHanced can currently process roughly 60,000 wafers annually, representing a substantial capacity increase over the company’s Fab 1 facility in Tempe, Arizona. The company is evaluating upgrades at the NHanced facility that could require capital expenditures in a range of $50 million to $100 million, with Roberts identifying approximately $75 million as a current planning estimate. He said the company does not expect to spend close to that amount this year.
Regarding revenue contribution, Roberts said Quantum Computing continues to support models projecting $20 million to $25 million of 2026 revenue for the company prior to the NHanced acquisition. He said NHanced’s contribution could fall between $7 million and $16 million, depending on the timing of project delivery and customer acceptance. He noted that NHanced generated about $16 million in the first half of 2025, but its more recent figures have been affected by business mix changes and the postponement of funding on a large U.S. Navy contract.
Commercial Developments Huang said the company reached commercial readiness in April for NeuraWave, its photonic reservoir computing platform designed for artificial intelligence inference and signal processing at the edge. The platform combines photonic and digital computing and targets applications in defense, telecommunications, autonomous vehicles, robotics, healthcare and industrial monitoring.
During June, the company delivered and installed a Dirac-3 quantum optimization machine at a global consulting firm. Huang said the system will support the customer’s enterprise engagements involving complex optimization challenges, including portfolio optimization.
The company also reached a framework agreement with Planck Dynamics that included an initial order for five NeuraWave systems. Huang said the agreement could provide a path to deployment of multiple dozens of systems as customer milestones are met, with a potential aggregate program value exceeding $10 million.
Quantum Computing additionally received an order from a university for its quantum secure communications system, which the institution plans to evaluate as part of research and development related to quantum-secure networking.
Technology Roadmap and Sales Expansion Management said it remains focused on two growth areas: advancing room-temperature photonic quantum systems and expanding commercial offerings in photonic components, lasers, detectors, photonic integrated circuits, thin-film lithium niobate technologies, optical packaging, advanced packaging and semiconductor foundry services.
Huang said the company has made progress in expanding the number of variables supported by its Dirac-3 optimization system, though he did not provide specific technical details. He said the company expects to share further news in coming months.
Huang also said the company is developing technology for a gate-based quantum machine using single photons, while emphasizing that it does not yet have a gate-based product. He described photon-photon interaction, component integration and the need to combine lasers, single-photon detectors and control electronics into a self-contained chip-scale system as key engineering considerations.
Roberts said Quantum Computing recently hired Susan Hunt as chief revenue officer and plans to add sales personnel in commercial and government markets. Huang said the company believes its technology and manufacturing capabilities have reached an inflection point that supports broader commercial expansion.
About Quantum Computing (NASDAQ:QUBT)Quantum Computing Inc NASDAQ: QUBT is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.
The company's flagship product, Qatalyst, is a quantum-inspired optimization platform that applies advanced heuristic solvers to address complex combinatorial problems in logistics, supply chain management, finance and other data-intensive fields.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Quantum Computing Right Now?Before you consider Quantum Computing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quantum Computing wasn't on the list.
While Quantum Computing currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
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.
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. (NASDAQ:QUBT) posted its second-quarter results after Monday’s closing bell with a slightly wider-than-anticipated per share loss.
Here’s a look at the details inside the report.
QUBT stock is moving. Watch the price action here. Quantum Computing Q2 Details Quantum Computing reported quarterly losses of five cents per share which missed the consensus estimate for losses of four cents, according to Benzinga Pro data.
Quarterly revenue clocked in at $5.55 million which beat the analyst consensus estimate of $5.15 million and was up from only $61,000 in the same period last year.
“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,” said Dr. Yuping Huang, CEO of Quantum Computing.
“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,” Dr. Huang added.
Read Next
QUBT Stock Price Activity: According to data from Benzinga Pro, Quantum Computing stock was down 1.91% to $8.76 in Monday’s extended trading.
Photo: Shutterstock
Market News and Data brought to you by Benzinga APIs
If I had to pick one quantum computing stock that looks set up for disappointment after its upcoming earnings, Quantum Computing Inc. (QUBT +3.25%) would be near the top of the list.
The company has a genuinely interesting photonics story, but the way the numbers line up heading into Q2 earnings (coming on Monday, Aug. 10) makes it easy for reality to fall short of the hopes built up around it.
Image source: Getty Images.
QCI's first-quarter 2026 results read like a classic early‑stage deep-tech profile. Revenue jumped from $39,000 a year ago to $3.7 million, driven mostly by acquiring Luminar Semiconductor and NuCrypt, not by organic growth in its existing quantum products. Operating expenses soared to $19.8 million, up 139%, as the company added people and absorbed transaction costs. It still posted a net loss of $4.1 million despite ending the quarter with about $1.4 billion in cash, cash equivalents, and investments on the balance sheet.
That mix of tiny revenue, big losses, and huge cash is unusual. It creates an expectation that QCI will turn that war chest into visible traction fast.
Today's Change
(
3.25
%) $
0.29
Current Price
$
9.06
Quantum Computing Inc. is in the early stages Underneath those numbers is a broad but early business. QCI is positioning itself as a vertically integrated photonics and quantum optics company, with room‑temperature quantum optimization systems in its Dirac line, reservoir‑computing hardware for machine learning, thin‑film lithium niobate photonic chips, and sensing and cybersecurity devices. It runs Fab 1 in Arizona to manufacture TFLN photonic integrated circuits and has won contracts, including one from NIST, to design and fabricate those chips. As of March 31, the contract backlog was about $16 million, which does give some visibility into future demand.
The problem is that backlog and acquisitions do not automatically translate into clean, high‑margin quantum revenue. QCI itself has said that Fab 1 has only begun small‑batch manufacturing and that gross margins remain low due to underutilization and high overhead. Integration of Luminar and NuCrypt is still ongoing, with overlapping roles and engineering challenges around achieving the needed quality for photonics‑based quantum devices. Pre‑Q2 commentary pegs revenue estimates around $4.7 million, which would be a modest step up from Q1.
If the actual print shows only a slight increase, continued heavy losses, and no clear evidence that the photonic foundry or Dirac systems are scaling with paying customers, I think investors who bought the stock for a near‑term quantum growth story will be disappointed.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Quantum computing stocks entered August at what looks like a reset point. All three US-listed pure-plays cooled sharply from their late-spring highs: IonQ (NYSE:IONQ | IONQ Price Prediction) slid from $69.28 on June 1 to $41.72 by August 4, Rigetti Computing (NASDAQ:RGTI) dropped from $25.63 to $17.45, and D-Wave Quantum (NYSE:QBTS) slipped from $29.18 to $21.83 over the same window. The last week has already snapped back hard, with all three up roughly 20% or more in seven sessions.
The setup matters because IBM’s CEO has publicly framed 2026 as the year the industry could deliver its first credible commercial quantum advantage benchmark. Positioning ahead of that milestone is the entire August thesis. These names carry extreme valuations relative to revenue and burn hundreds of millions of dollars a year, so this is speculative capital only. With that framing established, here is where the risk/reward looks most interesting.
IonQ (NYSE: IONQ): The Scale Leader IonQ is the only pure-play quantum name with a nine-figure revenue base, and Q1 numbers reinforced that gap. Revenue hit $64.67 million, up 755% year over year and 30% above the midpoint of guidance. Management raised FY2026 revenue guidance to $260 million to $270 million, and remaining performance obligations grew 554% year over year to $470 million, a leading indicator that revenue visibility is durable.
CEO Niccolo de Masi framed the quarter this way: "We are raising our revenue expectations for the full year to $270 million at the high end, based upon the strong and growing demand for our leading quantum computers." The first 256-qubit system sale to University of Cambridge and DARPA HARQ selection add validation. Retail is leaning back in: r/wallstreetbets sentiment on IONQ has flipped from a bearish 35 score on July 14 to Very Bullish 88 readings across early August, driven by chatter around the completed SkyWater Technology acquisition.
Risk: The burn is enormous. FY2026 adjusted EBITDA loss guidance sits at negative $310 million to negative $330 million, Q1 operating cash flow was negative $151.02 million, and stock-based comp alone hit $128.52 million in the quarter. Polymarket traders currently price just a 16% probability that IonQ beats its Q1 earnings report, a reminder that near-term GAAP results can whipsaw.
Rigetti Computing (NASDAQ: RGTI): The Balance-Sheet Fortress Rigetti Computing offers the cleanest liquidity profile in the group. The company sits on $569 million in cash and investments with zero debt as of Q1 2026, versus a market cap that leaves a very long runway for R&D. Q1 revenue nearly tripled to $4.4 million from $1.47 million a year earlier, and the 108-qubit Cepheus-1-108Q system went generally available on Rigetti QCS, Amazon Braket, Microsoft Azure Quantum, and qBraid.
CEO Subodh Kulkarni called Cepheus-1-108Q "one of the most powerful generally available gate-based quantum computers in the world". Prototype fidelity data is impressive too: two-qubit gate fidelities as high as 99.9% and median 99.8% at 40 nanosecond gate speeds. Add in the up to $100 million UK investment plan to deploy a 1,000+ qubit system and Rigetti has a credible path forward without near-term financing pressure.
_________________________________
What's Your Number...?Here's a question most people 5y from retirement can't answer: at your current savings rate, how much do you need, and how long will it actually last? A good advisor can put a date on that in a single meeting. SmartAsset's free quiz matches you with up to three fiduciary advisors serving your area, so you can get YOUR retirement number now (sponsor)
__________________________________________
Risk: Revenue is tiny and lumpy. Full-year 2025 revenue came in at $7.09 million, down from $10.79 million in 2024, and the full-year operating loss was $84.66 million. Composite prediction sentiment on RGTI currently reads neutral at 45.81 with medium confidence, reflecting the wide gap between technical progress and commercial traction.
D-Wave Quantum (NYSE: QBTS): The Dual-Platform Bet D-Wave Quantum is the only name in the group running both annealing and gate-model architectures. The bookings line tells the story: Q1 bookings surged to $33.40 million, up nearly 2,000% year over year, anchored by a $20 million Florida Atlantic University system agreement and a $10 million enterprise QCaaS deal with an undisclosed Fortune 100 company. Remaining performance obligations grew 563% year over year to $42.4 million, with 54% expected to convert to revenue inside 12 months.
CEO Alan Baratz framed the differentiation this way: "As the only quantum computing company pursuing both annealing and gate-model quantum computing systems, we believe that D-Wave is uniquely positioned to participate in the full addressable quantum computing market." Composite prediction sentiment on QBTS registers bullish at 63.59 with medium confidence, the strongest reading of the three.
Risk: Reported revenue is jarring. Q1 2026 revenue fell 81% year over year to $2.86 million against a tough comp, and the gate-model roadmap stretches to 2032 for 100 logical qubits. This is a multi-year execution story where investors are being asked to underwrite a 2028-to-2032 payoff.
What to Watch Next The near-term catalyst path runs through IONQ’s Q2 earnings report, IBM’s next quantum advantage benchmark disclosure, and any incremental federal contract flow. Polymarket is also tracking an 18.5% probability that the US federal government takes a stake in IonQ, an outcome that would re-rate the entire group. Position sizing should reflect the speculative nature of this basket. The upside case is a genuine commercial quantum advantage moment; the downside case is another sharp drawdown of the magnitude seen in June.
If You’ve Been Thinking About Retirement, Pay Attention (sponsor) Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance, and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor. Here’s how:
Answer a Few Simple Questions.
Get Matched with Vetted Advisors
Choose Your Fit
Why wait? Start building the retirement you’ve always dreamed of. Get started today! (sponsor)
Bank of New York Mellon Corp lifted its position in shares of Quantum Computing Inc. (NASDAQ:QUBT – Free Report) by 72.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,022,604 shares of the company’s stock after purchasing an additional 428,418 shares during the period. Bank of New York Mellon Corp owned 0.45% of Quantum Computing worth $7,005,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Alyeska Investment Group L.P. acquired a new position in Quantum Computing in the 3rd quarter valued at $123,014,000. Marex Group plc lifted its holdings in shares of Quantum Computing by 255.6% during the fourth quarter. Marex Group plc now owns 8,272,153 shares of the company’s stock worth $84,872,000 after buying an additional 5,945,679 shares in the last quarter. Vanguard Group Inc. raised its stake in Quantum Computing by 38.1% in the 4th quarter. Vanguard Group Inc. now owns 16,841,423 shares of the company’s stock worth $172,793,000 after purchasing an additional 4,643,818 shares in the last quarter. Defiance ETFs LLC bought a new stake in Quantum Computing in the 4th quarter valued at about $33,071,000. Finally, Mubadala Investment Co PJSC bought a new position in shares of Quantum Computing during the fourth quarter worth approximately $16,286,000. 4.26% of the stock is owned by institutional investors and hedge funds.
Quantum Computing Price Performance Shares of Quantum Computing stock opened at $8.74 on Tuesday. The company’s 50 day moving average price is $9.48 and its two-hundred day moving average price is $9.14. The firm has a market capitalization of $1.97 billion, a P/E ratio of -31.21 and a beta of 3.74. Quantum Computing Inc. has a fifty-two week low of $6.18 and a fifty-two week high of $25.84.
Quantum Computing (NASDAQ:QUBT – Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $3.69 million during the quarter, compared to the consensus estimate of $3.13 million. On average, analysts expect that Quantum Computing Inc. will post -0.14 earnings per share for the current year.
Analysts Set New Price Targets QUBT has been the topic of a number of analyst reports. Wedbush initiated coverage on Quantum Computing in a research report on Monday. They set a “neutral” rating and a $12.00 price target on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $22.00 target price on shares of Quantum Computing in a research report on Monday, June 29th. Wall Street Zen lowered Quantum Computing from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum Computing in a research note on Wednesday, June 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $10.00 price objective on shares of Quantum Computing in a research report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.33.
Read Our Latest Stock Analysis on Quantum Computing
About Quantum Computing (Free Report)
Quantum Computing Inc (NASDAQ: QUBT) is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.
The company’s flagship product, Qatalyst, is a quantum-inspired optimization platform that applies advanced heuristic solvers to address complex combinatorial problems in logistics, supply chain management, finance and other data-intensive fields.
Further Reading Five stocks we like better than Quantum Computing SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control Why Rare Earth Processing Could Be the Real 2027 Opportunity The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?
Receive News & Ratings for Quantum Computing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantum Computing and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEBank of New York Mellon Corp Sells 81,205 Shares of Newell Brands Inc. $NWL
NEXT HEADLINE »Bangor Savings Bank Increases Stock Holdings in iShares Core MSCI EAFE ETF $IEFA
There’s no denying it: the quantum-computing sector has been unwound. Over the past month, pure-play quantum stocks have sold off sharply as investors pulled capital out of high-multiple and often pre-profit tech. For example, IonQ (NYSE:IONQ | IONQ Price Prediction) shares are down 39% over the trailing month, with the stock changing hands midday Wednesday at $32.86.
Rigetti Computing (NASDAQ:RGTI) shares are down 30% over the same stretch, and D-Wave Quantum (NYSE:QBTS) shares are also down 30%. Meanwhile, Quantum Computing (NASDAQ:QUBT) shares have slid 24% in a month. The pain has been broad, but not uniform.
Sector-Wide De-Risking Drives the Slide The selloff in IonQ, Rigetti, D-Wave, and Quantum Computing shares looks less like a company-specific story and more like a sentiment reset across speculative tech. Investors have trimmed exposure to high-multiple, pre-profit names as AI-infrastructure and semiconductor valuations were re-priced. Quantum pure-plays sit at the far end of that risk spectrum.
The valuation setup makes the reaction easier to understand. IonQ stock carries a trailing 12-month P/E ratio of 84.26x, while Rigetti, D-Wave, and Quantum Computing stocks have no meaningful trailing 12-month P/E ratios because they were unprofitable during that time frame. When multiples reset, names anchored to future-scale narratives can take the biggest hit.
The fundamentals reinforce that story. IonQ posted Q1 2026 revenue of $64.67 million, up 755% year over year (YoY), but its adjusted EBITDA loss guide for the year sits at -$330 million to -$310 million. D-Wave reported Q1 2026 revenue of $2.86 million, down 81% YoY on lumpy system-sale timing, though bookings jumped 2,000% YoY. Rapid growth, deep losses, and heavy stock-based compensation are difficult for investors who want to see profits.
The Bull Case Hasn’t Vanished Recent catalysts complicate the “more pain” thesis. IonQ received final regulatory approval to complete its acquisition of SkyWater Technology (NASDAQ:SKYT), a large U.S.-based semiconductor foundry, with closing expected Friday, July 31. IonQ frames the combination as a vertically integrated, full-stack quantum platform with a secured domestic chip supply.
D-Wave shares popped earlier in the month after AT&T (NYSE:T) agreed to expand use of D-Wave’s quantum computing technology across its network operations. Rigetti stock and peers rallied in sympathy. AT&T stock, for context, is up 10% over the past month, a reminder that defensive telecom is exactly what quantum is not.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and IonQ didn't make the cut. Grab the names FREE today.
Moreover, policy tailwinds remain in play for IonQ, Rigetti, D-Wave, and Quantum Computing. In May, the U.S. Department of Commerce signed letters of intent to provide more than $2 billion in federal incentives to nine quantum-related companies in exchange for minority equity stakes. That kind of federal support gives the sector a structural bid the broader market lacks.
The ETF Is Holding Up Better The Defiance Quantum ETF (NASDAQ:QTUM) is down 16% over the past month, well less than the pure-plays. The QTUM ETF‘s basket spans quantum and adjacent computing names, so single-stock blowups get diluted. It’s not leveraged, and it carries an expense ratio of 0.4%, offering thematic exposure without single-name volatility.
Concentration risk cuts the other way for the pure-plays. The prediction markets on Polymarket peg IonQ’s odds of beating its next quarterly print at just 6.5%, even as Wall Street analysts hold an average price target of $68.41 on IonQ stock. That gap between crowd sentiment and sell-side optimism is where the next move gets decided.
What to Watch Next Traders can watch for the SkyWater deal close on July 31, IonQ’s Q2 2026 earnings report on August 5, and D-Wave and Rigetti reports on August 6. Given the beta profile, investors may want to size their positions carefully.
The next two weeks could define whether this correction is a pause or the start of a deeper reset for IonQ, Rigetti, and D-Wave. You can monitor the QTUM ETF as a sector barometer, and pay close attention to guidance updates alongside the headline prints.
For now, the setup rewards patience over conviction. Traders chasing bounces should respect the volatility, while long-term believers may find better entries if the sector-wide de-risking continues into August.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and IonQ didn't make the cut. Grab the names FREE today.
QBTS heads into Q2 earnings with strong bookings, revenue visibility and liquidity, while investors watch if execution kept pace through the June quarter.
