"Quantum Computing shares are ripping higher in early Tuesday trading, up 26% to around $12.81 from a prior close of $10.18. The surge follows the company's Q1 2026 earnings report, released after the close on May 11. The move stands out across the pure-play quantum group. IonQ is basically flat at around $57, Rigetti Computing is up 1% to $20.75, while D-Wave Quantum is down about 5% to $22.80 after its own earnings hit the tape this morning."
"The Q1 2026 report delivered a major fundamental jolt. Quantum Computing posted EPS of -$0.02 versus a -$0.065 estimate, and revenue of $3.69 million, up 5,951% year over year year over year. The revenue jump was powered by the $110 million all-cash acquisition of Luminar Semiconductor in February and a $5 million acquisition of NuCrypt in March. Quantum Computing CEO Yuping Huang said, "QCi made significant operational progress in the first quarter of 2026," highlighting the company's pivot toward integrated photonics manufacturing."
"The company's backlog reached roughly $16 million as of March 31, and Quantum Computing finished the quarter with $257.7 million in cash. The Dirac-3 commercial launch and expansion into photonics and edge AI hardware are the strategic anchors behind the move. So is Quantum Computing stock outperforming its peers? Today, clearly yes. Over the year so far, not quite."
"Year to date through May 11, IonQ stock leads the pack at +27%, while Quantum Computing stock was essentially flat at -1%. Rigetti stock was down 7%, and D-Wave stock was down 8%. The one-month performances tell a different story. IonQ shares are up 98%, D-Wave stock up 69%, Quantum Computing stock up 44%, and Rigetti stock up 40%. The sector has caught fire as all four reported earnings within a week."
Quantum Computing shares rose about 26% in early trading after releasing Q1 2026 earnings. The company reported EPS of -$0.02 versus a -$0.065 estimate and revenue of $3.69 million, up 5,951% year over year. The revenue increase was attributed to an $110 million all-cash acquisition of Luminar Semiconductor in February and a $5 million acquisition of NuCrypt in March. Backlog reached roughly $16 million as of March 31, and cash totaled $257.7 million. The quarter included progress tied to integrated photonics manufacturing, with the Dirac-3 commercial launch and expansion into photonics and edge AI hardware as key strategic drivers. Peer performance varied, with IonQ and D-Wave also reacting to earnings.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]