Quantum Computing Q2 revenue beats, helped by photonics products sales

Quantum Computing

10/08/2026 21:16

Overview
US quantum and photonics manufacturer's Q2 revenue surged, beating analyst expectations
Net loss for Q2 narrowed due to higher revenue and reduced derivative liability impact
Company completed NHanced Semiconductors acquisition, expanding manufacturing capabilities

Outlook
Company says it remains focused on integrating acquisitions and expanding its customer base in H2 2026

Result Drivers
PHOTONICS SALES - Revenue growth was primarily driven by sales of photonics products supporting quantum technology and serving aerospace, government, and industrial markets
NEURAWAVE COMMERCIALIZATION - NeuraWave platform reached commercial readiness and framework agreement with Planck Dynamics supports deployment for AI applications

Company press release: ID:nPn349MhWa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$5.55 mln
$5.15 mln (6 Analysts)
Q2 Loss Per Share
 
$0.05
 
Q2 Net Loss
 
$11.75 mln
 
Q2 Operating Expenses
 
$21.85 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $18.00, about 96.1% above its August 7 closing price of $9.18

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(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.)