Quantum Computing Posts $3.7 Million Q1 Revenue, Sending Shares Up 33% in 30 Days
Updated
Updated · Simply Wall St · Jun 3
Quantum Computing Posts $3.7 Million Q1 Revenue, Sending Shares Up 33% in 30 Days
1 articles · Updated · Simply Wall St · Jun 3
Summary
$3.7 million in Q1 2026 revenue came in well above expectations, putting Quantum Computing Inc. back in focus after a stronger-than-expected quarter.
Recent acquisitions, integrated photonics partnerships and a joint quantum-secured communications demonstration drove the revenue jump and reinforced its push into commercial and government markets.
Shares have climbed 33.0% over 30 days and 50.3% over 90 days as investors reassessed the company after the surprise, analyst upgrades and higher visibility at investor conferences.
The rally still leaves debate over valuation: the stock last closed at $12.25 versus a cited fair value of $23.67, even as the company remains loss-making and current revenue is still small relative to spending.
Longer term, the bull case hinges on whether room-temperature photonic quantum and reservoir computing can scale with AI and data-center demand—and whether thin-film lithium niobate gains broad adoption.