Quantum Computing (NASDAQ:QUBT) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Quantum Computing (NASDAQ:QUBT) announced 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. During the same quarter in the prior year, the company posted $0.01 EPS.

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 Stock Performance

QUBT traded down $0.24 during trading on Tuesday, hitting $6.62. The stock had a trading volume of 1,954,000 shares, compared to its average volume of 13,257,461. Quantum Computing has a twelve month low of $5.39 and a twelve month high of $14.45. The company has a market capitalization of $1.50 billion, a PE ratio of -94.53 and a beta of 3.95. The stock has a 50 day simple moving average of $7.53 and a two-hundred day simple moving average of $8.59.

Wall Street Analysts Forecast Growth

Several analysts have commented on QUBT shares. Ascendiant Capital Markets raised their price objective on Quantum Computing from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Rosenblatt Securities reiterated a “buy” rating and set a $22.00 target price on shares of Quantum Computing in a research note on Monday, October 19th. Cantor Fitzgerald reissued a “neutral” rating and issued a $10.00 price objective on shares of Quantum Computing in a research note on Tuesday, August 11th. Wedbush restated a “neutral” rating on shares of Quantum Computing in a research note on Tuesday. Finally, Wall Street Zen upgraded Quantum Computing from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 31st. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.67.

Key Headlines Impacting Quantum Computing

Here are the key news stories impacting Quantum Computing this week:

• Positive Sentiment: Q3 revenue surged to $9.5 million from $384,000 a year earlier, beating estimates and exceeding revenue from the first half of 2026. The company said acquired photonics and advanced-packaging businesses helped drive sales. Third-quarter 2026 financial results
• Positive Sentiment: QCi ended the quarter with approximately $1.3 billion in cash, investments and accrued interest and reported a contract backlog of about $39.1 million, providing resources and potential future business. QUBT reports $9.5 million third-quarter revenue
• Positive Sentiment: Management said it achieved its 2024–2026 roadmap objectives and expects to ship its first Direct3S quantum optimization machine in Q4, offering potential execution catalysts. Q3 2026 earnings call highlights
• Negative Sentiment: The company reported a $15.1 million net loss, or $0.07 per share, missing the cited consensus estimate of a $0.04 loss per share. Operating expenses rose to $29 million from $10.5 million a year earlier, while gross profit was only $428,000, a 4.5% gross margin. These costs and thin margins may have weighed on the market’s reaction despite the revenue beat. Q3 earnings flash

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.