Quantum Computing, Inc. (QUBT)

NASDAQInformation TechnologyComputer HardwareSnapshot 2026-10-23

$6.56-0.46%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Quantum Computing, Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	11.16M
EPS	—	-0.048
Annual ending 2026-12-31
Revenue	—	27.99M
EPS	—	-0.155
Annual ending 2027-12-31
Revenue	—	52.77M
EPS	—	-0.192

Management figures unavailable.

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Complete and integrate Luminar acquisition	A supporting condition in Quantum Computing, Inc.'s published investment case. The stated target is complete acquisition and begin integration by end of 2026-Q3.	Intact	acquisition not completed or integration delayed past 2026-Q3	Acquisition completed 2026-06-23 vs target 2026-Q3 Form 8-K filed 2026-06-23 reports completion of the acquisition, meeting the integration timeline target. Context reviewed through Oct 23, 2026Last status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Move towards reducing net losses	A primary condition in Quantum Computing, Inc.'s published investment case. The stated target is reduce net loss by at least 20% YoY.	Broken	net losses do not improve or worsen over FY26	Net income: $-11.753M FY2026-Q2; GAAP. Published target: reduce net loss by at least 20% YoY. Target and observation units differ. Source published Aug 10, 2026-11,753,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: a81dc9f1-821b-446f-81d4-188ef31b4f60. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Sustain revenue growth above 50% YoY	A primary condition in Quantum Computing, Inc.'s published investment case. The stated target is >=50% YoY revenue growth.	Broken	YoY revenue growth falls below 50% next year	Revenue growth: 9,000% FY2026-Q2; GAAP. Published target: >=50% YoY revenue growth. Target period is not explicitly aligned with this observation. Source published Aug 10, 20269,000 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: a81dc9f1-821b-446f-81d4-188ef31b4f60. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS: comparable history unavailable.

FY2027 revenue$0.05B

Unavailable → $0.05B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	Unavailable	3 / 3
2026-07-25	Unavailable	Unavailable	3 / 3
2026-07-26	Unavailable	Unavailable	3 / 3
2026-07-27	Unavailable	Unavailable	3 / 3
2026-07-28	Unavailable	Unavailable	3 / 3
2026-07-29	Unavailable	Unavailable	3 / 3
2026-07-30	Unavailable	Unavailable	3 / 3
2026-07-31	Unavailable	Unavailable	3 / 3
2026-08-01	Unavailable	Unavailable	3 / 3
2026-08-02	Unavailable	Unavailable	1 / 1
2026-08-03	Unavailable	Unavailable	3 / 3
2026-08-04	Unavailable	Unavailable	3 / 3
2026-08-05	Unavailable	Unavailable	3 / 3
2026-08-06	Unavailable	Unavailable	3 / 3
2026-08-07	Unavailable	Unavailable	3 / 3
2026-08-08	Unavailable	Unavailable	1 / 1
2026-08-09	Unavailable	Unavailable	1 / 1
2026-08-10	Unavailable	Unavailable	1 / 1
2026-08-12	Unavailable	Unavailable	3 / 3
2026-08-13	Unavailable	Unavailable	3 / 3
2026-08-14	Unavailable	Unavailable	3 / 3
2026-08-15	Unavailable	Unavailable	3 / 3
2026-08-16	Unavailable	Unavailable	3 / 3
2026-08-17	Unavailable	Unavailable	3 / 3
2026-08-18	Unavailable	Unavailable	3 / 4
2026-08-19	Unavailable	Unavailable	3 / 4
2026-08-20	Unavailable	Unavailable	3 / 4
2026-08-21	Unavailable	Unavailable	3 / 4
2026-08-22	Unavailable	Unavailable	3 / 4
2026-08-23	Unavailable	Unavailable	3 / 4
2026-08-24	Unavailable	Unavailable	3 / 4
2026-08-25	Unavailable	Unavailable	3 / 4
2026-08-26	Unavailable	Unavailable	3 / 4
2026-08-27	Unavailable	Unavailable	3 / 4
2026-08-28	Unavailable	Unavailable	3 / 4
2026-08-29	Unavailable	Unavailable	3 / 4
2026-08-30	Unavailable	Unavailable	4 / 4
2026-08-31	Unavailable	Unavailable	4 / 4
2026-09-01	Unavailable	Unavailable	4 / 4
2026-09-02	Unavailable	$52,380,333	4 / 5
2026-09-03	Unavailable	$52,380,333	4 / 5
2026-09-04	Unavailable	$52,380,333	4 / 5
2026-09-05	Unavailable	$52,380,333	4 / 5
2026-09-06	Unavailable	$52,380,333	4 / 5
2026-09-07	Unavailable	$52,380,333	4 / 5
2026-09-08	Unavailable	$52,380,333	4 / 5
2026-09-09	Unavailable	$52,380,333	4 / 5
2026-09-10	Unavailable	$52,380,333	4 / 5
2026-09-11	Unavailable	$52,380,333	4 / 5
2026-09-12	Unavailable	$52,380,333	4 / 5
2026-09-13	Unavailable	$52,380,333	4 / 5
2026-09-14	Unavailable	$52,380,333	4 / 5
2026-09-15	Unavailable	$52,380,333	4 / 5
2026-09-16	Unavailable	$52,380,333	4 / 5
2026-09-17	Unavailable	$52,380,333	4 / 5
2026-09-18	Unavailable	$52,380,333	4 / 5
2026-09-19	Unavailable	$52,380,333	4 / 5
2026-09-20	Unavailable	$52,380,333	4 / 5
2026-09-21	Unavailable	$52,380,333	4 / 5
2026-09-22	Unavailable	$52,380,333	4 / 5
2026-09-23	Unavailable	$52,765,286	4 / 5
2026-09-24	Unavailable	$52,765,286	4 / 5
2026-09-25	Unavailable	$52,765,286	4 / 5
2026-09-26	Unavailable	$52,765,286	4 / 5
2026-09-27	Unavailable	$52,765,286	4 / 5
2026-09-28	Unavailable	$52,765,286	4 / 5
2026-09-29	Unavailable	$52,765,286	4 / 5
2026-09-30	Unavailable	$52,765,286	4 / 5
2026-10-01	Unavailable	$52,765,286	4 / 5
2026-10-02	Unavailable	$52,765,286	4 / 5
2026-10-03	Unavailable	$52,765,286	4 / 5
2026-10-04	Unavailable	$52,765,286	4 / 5
2026-10-05	Unavailable	$52,765,286	4 / 5
2026-10-06	Unavailable	$52,765,286	4 / 5
2026-10-07	Unavailable	$52,765,286	4 / 5
2026-10-08	Unavailable	$52,765,286	4 / 5
2026-10-09	Unavailable	$52,765,300	4 / 5
2026-10-10	Unavailable	$52,765,300	4 / 5
2026-10-11	Unavailable	$52,765,300	4 / 5
2026-10-12	Unavailable	$52,765,300	4 / 5
2026-10-13	Unavailable	$52,765,300	4 / 5
2026-10-14	Unavailable	$52,765,300	4 / 5
2026-10-15	Unavailable	$52,765,300	4 / 5
2026-10-16	Unavailable	$52,765,300	4 / 5
2026-10-17	Unavailable	$52,765,300	4 / 5
2026-10-18	Unavailable	$52,765,300	4 / 5
2026-10-19	Unavailable	$52,765,300	4 / 5
2026-10-20	Unavailable	$52,765,286	4 / 5
2026-10-21	Unavailable	$52,765,286	4 / 5
2026-10-22	Unavailable	$52,765,286	4 / 5
2026-10-23	Unavailable	$52,765,286	4 / 5
2026-10-24	Unavailable	$52,765,286	4 / 5

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	4	2
2026-06-01	4	2
2026-07-01	4	2
2026-08-01	4	2
2026-09-01	4	2
2026-10-01	4	2

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 4 Buy / Strong Buy · 2 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades1 maintains

Recent actions · Sep 25–Oct 24 · 1 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Move towards reducing net lossesPublished status: Broken
Sustain revenue growth above 50% YoYPublished status: Broken

Next proof point

Nov 13, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

2 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

2.8%Typical daily move · historical

Downside history

-62.2%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Quantum Computing, Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

This is a speculative growth business, with a multi-year view tied to quantum technology and expanded manufacturing capabilities. The thesis is in a watch state: acquisitions and revenue growth show progress, but recent financial performance is weak, management signals are volatile, and risk is high.

What's priced into Quantum Computing, Inc.

QUBT carries a 44.17% valuation premium versus peers, while the valuation model has low confidence. The evidence points to expectations built around future opportunity, but the expectations gap is 2.35 and the premium is tagged as unjustified. The fragility assessment is low because expensive valuation is not combined with the full stack of weak fundamentals and turbulence.

What the fundamentals likely do

Near term, the company remains loss-making and its recent performance is weak, though the reported earnings event was in line. Revenue rose from $39K in 2025-Q1 to $5.6M in 2026-Q2, while acquisitions expanded manufacturing and product capabilities; Fab 2 launched ahead of schedule. Execution against stated priorities is on track, but the signal recently shifted from mixed to cautious, and the company’s smaller size and history of a deep miss remain risks.

What Quantum Computing, Inc. hinges on

Over the next one to three years, the key question is whether expanded manufacturing, new products, and acquisitions can support sustained revenue growth and improve the loss-making profile. Near-term sector conditions may also matter: rate cuts or continued strength from DELL, ANET, and SNDK could support technology-sector momentum, while weaker results or guidance from those companies could remove that tailwind.