Quantum Corporation (QMCO) Q3 2026 Earnings Call Transcript
D-Wave Quantum Inc. NYSE: QBTS is off to a dynamite start to 2026 in many ways. The company began the year by closing on its $550-million acquisition of Quantum Circuits, a move that solidifies its growing presence in the traditional gate-model quantum tech space.
Quantum Computing Inc. claims a unique approach to commercializing quantum technology faster than competitors, but its financials tell a different story. Despite a $2 billion market cap, the company generated less than $550,000 in revenue over the past 12 months while burning tens of millions annually.
The Undercovered Dozen series spotlights 12 less-covered stocks highlighted in recent Seeking Alpha articles. This week's edition covers articles published between Feb. 6 and Feb. 12, offering fresh investment ideas. The series aims to inspire discussion and help investors discover overlooked opportunities in the market.
Quantum Computing Inc. QUBT or QCi holds a meaningful and differentiated competitive advantage in the rapidly emerging photonics and quantum technology markets. At the core of this advantage is its U.S.-based thin-film lithium niobate (TFLN) photonic chip foundry in Tempe, AZ.
The quantum computing stocks boomed for most of 2025, only to go bust in the last quarter.
NVIDIA and Microsoft offer quantum exposure backed by strong growth forecasts and analyst backing, unlike loss-making pure plays chasing hype.
D-Wave has transitioned from proof-of-concept to large-scale commercial quantum deals, securing major contracts and accelerating revenue growth. QBTS's acquisition of Quantum Circuits, Inc. positions it to deliver a universal gate quantum computer as early as 2026, leapfrogging competitors. With a fortress balance sheet, $840 million in cash, and tier-1 customer traction, I forecast $70M revenue in 2026 and $110M in 2027.
The year is off to an exciting start for quantum computing leader D-Wave Quantum Inc. NYSE: QBTS as the firm has announced major new contracts, acquired a key rival in Quantum Circuits, and set off some warning signs for investors with shelf registrations adding to about $330 million. The last of these seems to have offset the positive developments for many investors, as QBTS shares are down almost 20% year-to-date (YTD).
IONQ stands out as quantum growth cools in 2026, with revenues scaling more slowly after 2024-2025 surges amid geopolitical and macro headwinds.
Mandated post-quantum cryptography makes 2026 investable, with Lattice Semiconductor among three stocks targeting 40%+ earnings growth.
After January's sell-off, quantum stocks face a selective February, with IonQ aided by a $1.8B SkyWater deal as macro pressure lingers.