Quantum Computing (NASDAQ:QUBT) Announces Earnings Results

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

QUBT traded up $0.53 on Monday, hitting $6.86. The company had a trading volume of 11,248,048 shares, compared to its average volume of 13,312,824. Quantum Computing has a 52-week low of $5.39 and a 52-week high of $14.45. The stock has a fifty day simple moving average of $7.55 and a 200-day simple moving average of $8.62. The firm has a market capitalization of $1.55 billion, a P/E ratio of -97.99 and a beta of 3.95.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on QUBT shares. Ascendiant Capital Markets boosted their target price on Quantum Computing from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Wall Street Zen raised Quantum Computing from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 31st. Wedbush assumed coverage on shares of Quantum Computing in a report on Monday, August 3rd. They issued a “neutral” rating and a $12.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum Computing in a report on Monday, September 21st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $10.00 price objective on shares of Quantum Computing in a research report on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.67.

Quantum Computing Company Profile

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.