Quantum Computing beats Q1 revenue estimates on increasing demand for photonics

Quantum Computing

11/05/2026 21:15

Overview

Quantum optics and photonics firm's Q1 revenue rose sharply, beating analyst expectations

Company reported Q1 net loss as operating expenses rose on acquisitions and personnel costs

Company completed two acquisitions, advancing product roadmap and manufacturing capabilities

Outlook

Company did not provide specific financial guidance for the current or future periods

Result Drivers

ACQUISITIONS - Revenue growth was primarily driven by the acquisition of Luminar Semiconductor and, to a lesser extent, NuCrypt

OPERATING EXPENSES - Higher operating expenses reflected increased personnel costs and acquisition-related transaction expenses

MANUFACTURING RAMP-UP - Early revenue contribution from small-batch manufacturing at Fab 1 facility

Company press release: ID:nPn1djMbpa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$3.69 mln
$3.28 mln (4 Analysts)
Q1 EPS
-$0.02
Q1 Net Income
-$4.05 mln
Q1 Operating Expenses
$19.83 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Quantum Computing Inc is $16.00, about 66.7% above its May 8 closing price of $9.60

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)