Quantum Computing Inc., an integrated photonics company, provides quantum machines to commercial and government markets in the United States. The company develops thin-film lithium niobate chips for optical devices, such as electro-optical modulators, periodically poled devices for frequency conversion, and micro-ring resonator cavities markets. It is also developing the entropy quantum computer (EQC), a quantum application of Core Photonics Technology, designed to solve complex optimization problems. In addition, the company offers Emucore, a reservoir computing machine that can be reprogrammed after manufacturing and optimized for recurrent neural network applications; Neurawave, a photonics based reservoir computer; LiDAR, which allows machines to see through dense fog and provide image fidelity at great distances in environments, such as snow, ice, and water; the quantum photonic vibrometer, an instrument for remote vibration detection, sensing, and inspection; and quantum networks and quantum authentication products. The company was formerly known as Innovative Beverage Group Holdings, Inc. Quantum Computing, Inc. was founded in 2001 and is based in Hoboken, New Jersey.
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Quantum Computing Inc. posts 9,000% revenue jump
Quantum Computing Inc. reported second-quarter revenue of $5.6 million, more than 9,000% higher than the $61,000 it posted a year earlier, according to its SEC filing. Revenue grew 51% from the first quarter's $3.7 million, driven by photonics product sales across government, educational, and commercial customers. Net loss narrowed to $11.8 million from $36.5 million a year earlier, helped by a shrinking paper loss on warrant derivatives, while the company ended the quarter with a $42.5 million order backlog and $1.3 billion in cash. The quarter also included the acquisition of NHanced Semiconductors, which launched a second chip fabrication facility and contributed to a 114% rise in operating expenses to $21.8 million. The stock traded near $9 on Friday, Aug. 21, part of a rally that lifted seven quantum computing stocks, including D-Wave Quantum, Rigetti Computing, IonQ, Infleqtion, IQM Quantum Computers, and IBM.
Quantum Stocks Face Reality Check as QUBT and QNT Stand Out
Quantum computing stocks are entering a more demanding phase in the second half of 2026 as investors shift focus from qubit milestones to revenue visibility and commercialization. Quantum Computing Inc. reported second-quarter revenue of $5.6 million, up from $61,000 a year earlier, with a contract backlog of approximately $42.5 million, while Quantinuum's second-quarter revenue rose 279% year over year and it raised its 2026 revenue outlook to $28-$32 million. IonQ posted a 287% year-over-year revenue increase and raised its 2026 outlook to $280-$290 million, but carries a Zacks Rank #4, while D-Wave's first-half bookings surged 1,120% yet second-quarter revenue was only $3.1 million, essentially flat. Analysts' average price targets imply upside of 125.2% for Quantum Computing Inc. and 77% for Quantinuum.
Quantum stocks surge after Q2 results show significant improvement
Quantum computing stocks surged on Friday after second-quarter earnings reports showed significant revenue gains across the sector. D-Wave climbed 7% after BMO Capital Markets initiated coverage with an Outperform rating and a $35 price target, citing an addressable market opportunity of $450 billion to $850 billion. Rigetti jumped 9% as system and component sales reached $4.1 million, up from zero a year earlier, while Quantum Computing leaped 8% after revenue rose to $5.6 million from $65,000. IQM Quantum Computers popped 7% after second-quarter revenue increased 27% year over year to $7.8 million and it guided full-year revenue of $49 million to $55 million, and Infleqtion surged 9% on a 112% year-over-year revenue jump. IonQ increased 7.5% after announcing a partnership with the Canadian Microelectronics Corporation to expand quantum computing access to Canada-based researchers and businesses.
Quantum Computing Inc. says 70-80% of revenue tied to government contracts
Quantum Computing Inc. disclosed that roughly 70 to 80 percent of its revenue is tied to government contracting, primarily through subcontracting arrangements. CFO Christopher Roberts revealed the figure during the company's latest earnings release, which showed second quarter 2026 revenue of 5.6 million dollars, up from 61 thousand dollars a year earlier. The growth was driven by the Luminar Semiconductor, NuCrypt, and NHanced Semiconductors acquisitions rather than organic demand. The company remains in the early stages of monetization, with contract structures typically running 12 to 18 months and causing uneven quarterly revenue.
Quantum Computing Inc. outlines $50M–$100M capex plan for NHanced Fab 2 upgrades
Quantum Computing Inc. outlined a capital expenditure plan of $50 million to $100 million for upgrades at its newly acquired NHanced Semiconductors facility, part of its Fab 2 initiative. CFO Christopher Roberts said the spending range is probably closer to $75 million but noted the company is still in the planning stages and unlikely to spend near that amount this year. The disclosure came during the company's second-quarter 2026 earnings call, where CEO Dr. Yuping Huang highlighted the completion of the NHanced acquisition, which launched Fab 2 ahead of schedule and expands advanced packaging and semiconductor manufacturing capabilities. The company also reported that its NeuraWave photonic reservoir computing platform reached commercial readiness, with a framework agreement from Planck Dynamics carrying a potential aggregate program value of more than $10 million. Q2 revenue rose to $5.6 million from $3.7 million in the prior quarter, while contract backlog increased to $42.5 million from $16 million.
Quantum Computing Inc. May Disappoint Investors in Q2 Earnings
Quantum Computing Inc. is poised to disappoint investors when it reports second-quarter earnings on August 10, as its recent revenue growth has been driven largely by acquisitions rather than organic expansion of its own quantum products. The company posted first-quarter revenue of $3.7 million, up from $39,000 a year earlier, but much of that increase came from buying Luminar Semiconductor and NuCrypt, while operating expenses surged 139% to $19.8 million and it recorded a net loss of $4.1 million despite holding about $1.4 billion in cash and investments. With a contract backlog of roughly $16 million and revenue estimates around $4.7 million for the second quarter, the company still faces low manufacturing utilization and ongoing integration challenges that may prevent it from demonstrating the commercial progress investors expect. If the results show only a slight revenue increase and continued heavy losses without clear scaling of its photonic foundry or Dirac systems, the stock could fall.
Quantum Computing stock rises on D-Wave's AT&T deal
Quantum Computing shares gained 5.8% through 12:45 p.m. ET Monday, lifted by news that rival D-Wave Quantum secured a contract with AT&T. D-Wave announced that AT&T will use its annealing quantum computing technology to optimize network operations, including AI-driven data traffic and outage detection. AT&T is also evaluating other D-Wave technologies as part of a broader innovation strategy involving quantum computing, AI, and software-defined infrastructure. Investors may be speculating that Quantum Computing could similarly win business from AT&T or other telecom giants, though the company has yet to land major contracts. Analysts forecast Quantum Computing's revenue will jump to more than $41 million this year, a tenfold increase from trailing-12-month levels.
Kuehn Law investigates Quantum Computing Inc. officers and directors for potential fiduciary breaches
Kuehn Law, PLLC is investigating whether certain officers and directors of Quantum Computing Inc. breached their fiduciary duties to shareholders. The investigation concerns potential self-dealing, and shareholders may be entitled to damages and corporate governance reforms. Long-term QUBT stockholders are encouraged to contact Justin Kuehn, Esq. at justin@kuehn.law or (833) 672-0814 for a free consultation with no obligation. The firm pays all case costs and does not charge its investor clients, but shareholders should act immediately as there may be limited time to enforce their rights.
Lake Street Reiterates Buy on Quantum Computing with $16 Target
Lake Street reiterated a Buy rating on Quantum Computing Inc. with a price target of $16. The firm cited the company's recent acquisition of NHanced Semiconductors, completed on June 23 and valued at $73.1 million in cash and stock plus up to $72.0 million in additional earnout payments. Lake Street views the deal as a follow-on to the Luminar Semiconductor acquisition that closed in February, together deepening Quantum Computing's photonics manufacturing and advanced-packaging capabilities. Management is framing the acquisition as the launch of Fab 2, arriving years ahead of the company's roadmap, and the firm believes it can accelerate the shift from research and prototyping toward scalable commercial production.
IonQ Tumbles 8%, D-Wave, Rigetti, Quantum Computing Drop 6% as Risk-Off Ripple Effects Hit Speculative Quantum Stocks
IonQ stock tumbled 8% while D-Wave, Rigetti, and Quantum Computing each declined 6% as Strait of Hormuz tensions and an oil spike triggered broad risk-off selling across quantum stocks. IonQ shares fell to $39.52, D-Wave to $18.85, Rigetti to $15.60, and Quantum Computing to $8.18, with no company-specific news driving the moves. The NASDAQ 100 tracking QQQ ETF was down 1.48%, and the Defiance Quantum ETF limited its drop to 2.42%, far less than the 6% to 8% losses in pure-play names. IonQ carries a beta of 3.23 and a trailing P/E ratio of 103x, amplifying losses despite a 755% year-over-year revenue surge in Q1.
Microsoft Accelerates Quantum-Safe Program, Targets 2029 Transition to Post-Quantum Cryptography
Microsoft has accelerated its Quantum Safe Program, advancing its target to transition critical products and services to post-quantum cryptography by 2029. The company cited rapid advances in quantum research and the growing risk of harvest now, decrypt later attacks as key reasons for the accelerated timeline. As part of the initiative, Microsoft plans to integrate NIST-standardized post-quantum cryptography algorithms across its product portfolio, expand crypto-agility, modernize certificate trust chains, and deploy hybrid cryptography with TLS 1.3. The move highlights a broader investment theme where quantum computing's first major commercial opportunity may lie in securing infrastructure against future quantum-enabled cyber threats, with governments and enterprises worldwide accelerating their own post-quantum cryptography roadmaps. Among pure-play quantum companies, Quantum Computing Inc. is noted for its quantum cybersecurity portfolio and recent acquisition of NuCrypt, with analysts projecting an average price target of $18.33, implying roughly 111% upside from the latest closing price.
IonQ vs. Quantum Computing Inc.: Which Quantum Computing Stock Is a Better Buy in 2026?
IonQ and Quantum Computing Inc. present contrasting investment cases in the quantum computing sector. IonQ reported fiscal 2025 revenue of $130.0 million, a 201.9% increase, but posted a net loss of $510.4 million, while Quantum Computing Inc. generated just $682,000 in revenue with a net loss of $18.7 million. Both companies carry no debt, with IonQ holding a current ratio of 15.5x and Quantum Computing Inc. at 102.4x. IonQ faces regulatory scrutiny over its pending $1.8 billion SkyWater Technologies acquisition and high short interest of 22%, whereas Quantum Computing Inc. contends with supply chain risks and integration challenges from recent acquisitions. The analysis concludes IonQ is the better buy due to its consistent revenue growth and customer traction.
IonQ Exits Q1 2026 with $3.1 Billion in Cash and Investments
IonQ exited the first quarter of 2026 with approximately $3.1 billion in cash, cash equivalents, restricted cash, and investments, one of the strongest balance sheets in the quantum computing industry. Remaining performance obligations rose to $470 million as of March 31, 2026, up from $370 million at the end of 2025, signaling greater revenue visibility. Management reaffirmed its 2026 adjusted EBITDA loss guidance of $310 million to $330 million, with a first-quarter adjusted EBITDA loss of $96.8 million implying continued elevated cash burn, though the company's liquidity position supports internal funding without near-term financing risk. Peer Quantum Computing ended the quarter with about $1.4 billion in cash and investments, while Rigetti held $418.2 million with no debt. IonQ shares have gained 32.8% over the past year, but the stock trades at a forward 12-month price-to-sales ratio of 59.44 times, far above the industry median of 4.45 times, and carries a Zacks Rank of 4, or Sell.
QUBT vs. QBTS: Which Quantum Computing Stock Is the Better Pick Now?
Quantum Computing Inc. and D-Wave Quantum have outperformed the industry over the past year, with shares down 3.4% and 8.9% respectively against a 16.3% industry decline. Quantum Computing Inc. reported first-quarter revenues of $3.7 million, up from $39,000 a year earlier, while D-Wave's bookings surged 1,994% year over year. Quantum Computing Inc. holds a strong balance sheet with about $1.4 billion in cash and investments, total assets of about $1.6 billion, and stockholders' equity of approximately $1.6 billion, while D-Wave ended the quarter with $338.2 million in cash and $250.2 million in marketable securities. Based on short-term price targets, Quantum Computing Inc.'s average target of $18.33 implies a 99.67% upside, compared to D-Wave's average target of $38.31 implying a 68.32% increase. Quantum Computing Inc. carries a Zacks Rank #2, or Buy, and D-Wave holds a Zacks Rank #3, or Hold.
Investors Begin Separating Quantum Computing Winners From Losers
Investors are increasingly distinguishing between quantum computing companies based on commercial progress rather than scientific promise, with IonQ gaining ground while D-Wave, Rigetti, and Quantum Computing Inc. declined over the past six months. IonQ has generated positive returns, whereas D-Wave Quantum, Rigetti Computing, and Quantum Computing Inc. have all moved lower despite ongoing technological announcements. The shift was partly catalyzed by Nvidia CEO Jensen Huang's January 2025 warning that practical quantum computing may be decades away, though Nvidia itself deepened quantum investments through CUDA-Q and hybrid computing initiatives. Analysts note that major infrastructure players like Microsoft, Amazon, Alphabet, IBM, and Nvidia may capture more quantum value than pure-play hardware companies by profiting regardless of which architecture wins. The market is now rewarding evidence of revenue growth, customer adoption, and a credible path to commercialization.