Quantum Computing (NASDAQ:QUBT) Shares Gap Down After Earnings Miss

Quantum Computing Inc. (NASDAQ:QUBT)’s share price gapped down before the market opened on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $6.86, but opened at $6.47. Quantum Computing shares last traded at $6.6420, with a volume of 1,954,000 shares.

The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company had revenue of $9.50 million during the quarter, compared to analysts’ expectations of $7.61 million. During the same quarter last year, the firm posted $0.01 EPS.

Key Quantum Computing News

Here are the key news stories impacting Quantum Computing this week:

• Positive Sentiment: Q3 revenue surged to $9.5 million from $384,000 a year earlier, beating estimates and exceeding revenue from the first half of 2026. The company said acquired photonics and advanced-packaging businesses helped drive sales. Third-quarter 2026 financial results
• Positive Sentiment: QCi ended the quarter with approximately $1.3 billion in cash, investments and accrued interest and reported a contract backlog of about $39.1 million, providing resources and potential future business. QUBT reports $9.5 million third-quarter revenue
• Positive Sentiment: Management said it achieved its 2024–2026 roadmap objectives and expects to ship its first Direct3S quantum optimization machine in Q4, offering potential execution catalysts. Q3 2026 earnings call highlights
• Negative Sentiment: The company reported a $15.1 million net loss, or $0.07 per share, missing the cited consensus estimate of a $0.04 loss per share. Operating expenses rose to $29 million from $10.5 million a year earlier, while gross profit was only $428,000, a 4.5% gross margin. These costs and thin margins may have weighed on the market’s reaction despite the revenue beat. Q3 earnings flash

Analysts Set New Price Targets

Several research analysts have recently commented on QUBT shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Quantum Computing in a report on Monday, September 21st. Ascendiant Capital Markets upped their price objective on shares of Quantum Computing from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Wall Street Zen upgraded shares of Quantum Computing from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $10.00 target price on shares of Quantum Computing in a research note on Tuesday, August 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $22.00 target price on shares of Quantum Computing in a research note on Monday, October 19th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.67.

Institutional Investors Weigh In On Quantum Computing

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QUBT. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Quantum Computing by 106.4% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,948 shares of the company’s stock worth $25,000 after purchasing an additional 1,520 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Quantum Computing in the 3rd quarter valued at about $28,000. State of Wyoming purchased a new stake in Quantum Computing in the 2nd quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. acquired a new position in Quantum Computing in the second quarter valued at about $29,000. Finally, MCF Advisors LLC acquired a new position in Quantum Computing in the second quarter valued at about $29,000. Institutional investors and hedge funds own 4.26% of the company’s stock.

Quantum Computing Price Performance

The company has a market cap of $1.48 billion, a PE ratio of -93.63 and a beta of 3.95. The company’s 50 day simple moving average is $7.53 and its two-hundred day simple moving average is $8.59.

Quantum Computing Company Profile

Quantum Computing Inc (QCi) develops quantum computing hardware and software, with a focus on photonics and systems designed to operate at room temperature. The company aims to make quantum technology more accessible for commercial and research applications.

Its offerings include the Dirac quantum computing systems and software for optimization problems. QCi also develops photonic technologies for applications such as quantum sensing and cybersecurity.

The company serves customers and organizations pursuing quantum computing and related technologies.