Quantum Computing (NASDAQ:QUBT) Announces Earnings Results

Quantum Computing (NASDAQ:QUBT) released its quarterly earnings results on Monday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03), FiscalAI reports. The business had revenue of $9.50 million for the quarter, compared to the consensus estimate of $7.61 million.

Here are the key takeaways from Quantum Computing’s conference call:

• Q3 revenue reached a record $9.5 million, up from $384,000 a year earlier and largely driven by acquired photonics businesses. Gross margin was 4.5%, while operating expenses rose to $29 million and the company reported a $15.1 million net loss.
• QCi ended the quarter with about $1.3 billion in cash, cash equivalents, and investments and said its liquidity should fund operations for at least 12 months. The company plans roughly $70–$80 million of investment in its NHanced-related manufacturing expansion, with much of that spending expected by March 2027.
• The company announced Dirac-3S, an optimization system designed for problems with up to 9,980 variables, and expects its first customer shipment in Q4. Management said its published tests showed better time-to-solution and solution quality than Hexaly on most tested problems, while acknowledging results varied by problem and further application testing is needed.
• Contract backlog was about $39.1 million; management said awards and revenue are lumpy and backlog typically converts over 12–18 months. Roughly 70% is currently tied to aerospace and government work, and the company did not provide revenue guidance, though it expects a solid backlog heading into 2027.
• QCi said it has completed the objectives in its 2024–2026 technology roadmap and is shifting focus toward scaling manufacturing and commercial deployments. Management expects to demonstrate heterogeneous integrated circuits within 12–18 months, but emphasized that integration, production scaling, and customer adoption remain ongoing work.

Quantum Computing Trading Up 8.4%

NASDAQ QUBT traded up $0.53 on Monday, reaching $6.86. The company’s stock had a trading volume of 11,248,048 shares, compared to its average volume of 13,312,824. The firm has a market cap of $1.55 billion, a PE ratio of -97.99 and a beta of 3.95. The business has a 50-day moving average price of $7.55 and a 200 day moving average price of $8.62. Quantum Computing has a 52 week low of $5.39 and a 52 week high of $14.45.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on QUBT shares. Wall Street Zen raised Quantum Computing from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $10.00 target price on shares of Quantum Computing in a report on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Quantum Computing in a research report on Monday, September 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $22.00 price target on shares of Quantum Computing in a research report on Monday, October 19th. Finally, 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 report on Wednesday, August 26th. Four investment 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. Based on data from MarketBeat.com, Quantum Computing presently has an average rating of “Hold” and a consensus price target of $18.67.

About Quantum Computing

Quantum Computing Inc (QCi) develops quantum computing hardware and software, with a focus on photonics and systems designed to operate at room temperature. The company aims to make quantum technology more accessible for commercial and research applications.

Its offerings include the Dirac quantum computing systems and software for optimization problems. QCi also develops photonic technologies for applications such as quantum sensing and cybersecurity.

The company serves customers and organizations pursuing quantum computing and related technologies.