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Quantum Computing Q2 revenue beats, helped by photonics products sales

Quantum Computing Q2 revenue beats, helped by photonics products sales


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


Reuters Recommended Reads

  • Aug 10 - Ceva Q2 revenue beats analyst estimates on AI demand

  • Aug 10 - Israel's Camtek Q2 revenue beats on increased AI compute demand

  • Aug 10 - Teledyne to acquire Varex Imaging in $1.1 billion deal


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.)

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