Quantum Computing Stocks: Previewing Q3 Earnings

Quantum computing stocks are experiencing significant volatility as investors look towards third-quarter earnings reports. Most companies in this sector are still struggling to achieve profitability while working towards advancing their technology.

Upcoming Q3 Earnings Reports

Several key players in the quantum computing industry are set to release their earnings reports soon:

• IonQ (IONQ): Earnings report after market close on Wednesday.
• D-Wave Quantum (QBTS): Earnings report early on November 6.
• Rigetti Computing (RGTI): Earnings report on November 10.
• Quantum Computing (QUBT): Earnings report on November 14.

Investors will be primarily focused on revenue growth for these companies in their Q3 financial results, with some attention also on narrower losses.

IonQ’s Revenue Growth and Losses

Analysts anticipate that IonQ will report a loss of 44 cents per share, widening from a loss of 26 cents per share a year ago. However, revenue is expected to skyrocket by an impressive 5,118% to reach $27 million. This growth is largely attributed to IonQ’s acquisition strategy.

D-Wave’s Transition to Profitability

D-Wave managed to achieve profitability on an adjusted basis in the previous March quarter, largely due to a one-time revenue boost. For the current quarter, it is projected to report a 6-cent loss per share, an improvement from the 10-cent loss incurred in the same period last year. Revenue growth is forecast to be 62%, bringing it to $3 million.

Rigetti and Quantum Computing Reports

Rigetti is expected to report a 5-cent loss per share for Q3, which represents an improvement from the 18-cent loss reported a year prior. Revenue, however, is anticipated to dip by 9%, amounting to $2.2 million. Meanwhile, Quantum Computing is projected to post a 6-cent loss per share, similar to the previous year, with a revenue increase of 16% to $100 million.

The State of Quantum Stocks

Volatility in quantum computing stocks is heightened by uncertainties surrounding commercialization and competition, particularly from established tech firms like Cisco Systems and Nvidia. These companies are investing in quantum technologies, which can affect the market dynamics for quantum startups.

Performance and Market Metrics

As of October 31, stocks in this sector have shown varied performance:

• D-Wave: Up 341% in 2025.
• IonQ: Up 49%.
• Rigetti: Up approximately 190%.
• Quantum Computing: Nearly flat performance.

The average true range (ATR) for these stocks also suggests significant volatility. Here are the ATR ratings:

Investors are encouraged to monitor these metrics as they prepare for the upcoming earnings reports. The quantum computing landscape continues to evolve, presenting both opportunities and challenges for stakeholders.