Quantum Computing (NASDAQ:QUBT) Shares Gap Down After Earnings Miss

Shares of Quantum Computing Inc. (NASDAQ:QUBT) gapped down prior to trading on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $6.86, but opened at $6.47. Quantum Computing shares last traded at $6.6420, with a volume of 1,954,000 shares trading hands.

The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company had revenue of $9.50 million for the quarter, compared to analysts’ expectations of $7.61 million. During the same period in the prior year, the firm earned $0.01 earnings per share.

More Quantum Computing News

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

Analyst Ratings Changes

Several research firms have recently commented on QUBT. Ascendiant Capital Markets raised their price target on Quantum Computing from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, August 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum Computing in a report on Monday, September 21st. Wall Street Zen upgraded Quantum Computing from a “strong sell” rating to a “sell” rating in a report on Saturday, October 31st. Rosenblatt Securities reissued a “buy” rating and set a $22.00 target price on shares of Quantum Computing in a research note on Monday, October 19th. Finally, Wedbush reissued a “neutral” rating on shares of Quantum Computing in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $18.67.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its position in shares of Quantum Computing by 9.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,515 shares of the company’s stock worth $86,000 after acquiring an additional 1,057 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Quantum Computing by 106.4% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,948 shares of the company’s stock valued at $25,000 after acquiring an additional 1,520 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Quantum Computing by 14.9% during the 1st quarter. Chicago Partners Investment Group LLC now owns 19,053 shares of the company’s stock worth $131,000 after acquiring an additional 2,467 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Quantum Computing by 24.1% during the 1st quarter. Principal Financial Group Inc. now owns 14,770 shares of the company’s stock worth $101,000 after acquiring an additional 2,867 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Quantum Computing during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 4.26% of the company’s stock.

Quantum Computing Price Performance

The firm has a 50 day moving average of $7.53 and a two-hundred day moving average of $8.59. The stock has a market cap of $1.48 billion, a PE ratio of -93.63 and a beta of 3.95.

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.