Quantum Computing Stocks Q3 Earnings Preview Ionq Qbts And More Msn

Bonisiwe Shabane

-Dec 30, 2025, 1:35 PM

quantum computing stocks q3 earnings preview ionq qbts and more msn

We are in the middle of the third-quarter 2025 earnings season and investor attention is turning toward four key pure-play quantum names — IonQ IONQ, D-Wave Quantum QBTS, Rigetti Computing RGTI and Quantum Computing... QUBT (also known as QCi) as their results are just around the corner. Over the past few quarters, these companies have delivered impressive top-line growth, even as bottom-line performance remains pressured, given all four are still in early-stage commercialization and continue to prioritize R&D investment. With that backdrop, investors are watching closely to see how Q3 shapes up and whether momentum in revenues, customer adoption and technological progress can offset concerns around sustained losses and cash burn. As stated earlier, in the recent quarters, a clear pattern has emerged across the four pure-play quantum computing firms. Revenue momentum is forming, yet profitability remains under significant pressure.

IonQ reported revenues of $7.6 million in the first quarter of 2025 and delivered a sharp acceleration to $20.7 million in the second quarter. However, quarterly losses widened materially as the company scaled system development and deployment capacity. D-Wave posted one of the strongest industry revenue lifts in early 2025, generating approximately $15 million in the first quarter, before normalizing to $3.1 million in the second quarter as contract timing shifted and... Rigetti’s revenues improved sequentially from $1.5 million in the first quarter to $1.8 million in the second quarter, yet losses continued to deepen due to increased R&D and engineering spending. Meanwhile, QCi remained in an early commercialization phase, recording $39,000 in first-quarter revenues and $61,000 in the second quarter, with operating expenses significantly outweighing top-line contribution. Collectively, these results highlight a consistent industry pattern-- building revenue pipelines and technical execution progress, but profitability remains distant amid heavy R&D and infrastructure investment.

Quantum computing stocks continue to be volatile heading into third-quarter earnings reports. The companies are still unprofitable for the most part as they aim to advance the technology. IonQ (IONQ) reports earnings after the market close on Wednesday. Meanwhile, D-Wave Quantum (QBTS) reports early on Nov. 6. Rigetti Computing (RGTI) reports on Nov.

10, with Quantum Computing (QUBT) due on Nov.… 12/29/2025 Quantum computing stocks are ending 2025 just like they started: on a roller coaster as investors mull profit taking versus... 12/29/2025 Quantum computing stocks are ending 2025 just like they started:... Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Get market updates, educational videos, webinars, and stock analysis. Quantum stocks are in focus as the Q3 earnings season rolls on.

Here's a look at the reports from companies that have reported and estimates for one that is still ahead. Rigetti Computing, Inc. (NASDAQ:RGTI) released its Q3 results on Monday after the closing bell. Rigetti reported quarterly losses of three cents per share, which beat the analyst estimate for losses of four cents. Read More: Kevin O’Leary Slams Trump’s $2,000 Tariff Rebate Checks: ‘Everyone Loves The Idea Of A Free Check’ Quarterly revenue came in at $1.94 million, missing the Street estimate of $2.17 million and down from revenue of $2.37 million from the same period last year.

"On the technology front, we remain on track to deliver our 100+ qubit chiplet-based quantum system with an anticipated 99.5% median two-qubit gate fidelity by the end of 2025," CEO Dr. Subodh Kulkarni said. QUBT Quick QuoteQUBT IONQ Quick QuoteIONQ RGTI Quick QuoteRGTI QBTS Quick QuoteQBTS We are in the middle of the third-quarter 2025 earnings season and investor attention is turning toward four key pure-play quantum names — IonQ (IONQ Quick QuoteIONQ - Free Report) , D-Wave Quantum (QBTS... (QUBT Quick QuoteQUBT - Free Report) (also known as QCi) as their results are just around the corner. Over the past few quarters, these companies have delivered impressive top-line growth, even as bottom-line performance remains pressured, given all four are still in early-stage commercialization and continue to prioritize R&D investment.

With that backdrop, investors are watching closely to see how Q3 shapes up and whether momentum in revenues, customer adoption and technological progress can offset concerns around sustained losses and cash burn. As stated earlier, in the recent quarters, a clear pattern has emerged across the four pure-play quantum computing firms. Revenue momentum is forming, yet profitability remains under significant pressure. IonQ reported revenues of $7.6 million in the first quarter of 2025 and delivered a sharp acceleration to $20.7 million in the second quarter. However, quarterly losses widened materially as the company scaled system development and deployment capacity. D-Wave posted one of the strongest industry revenue lifts in early 2025, generating approximately $15 million in the first quarter, before normalizing to $3.1 million in the second quarter as contract timing shifted and...

Rigetti’s revenues improved sequentially from $1.5 million in the first quarter to $1.8 million in the second quarter, yet losses continued to deepen due to increased R&D and engineering spending. Meanwhile, QCi remained in an early commercialization phase, recording $39,000 in first-quarter revenues and $61,000 in the second quarter, with operating expenses significantly outweighing top-line contribution. We are in the middle of the third-quarter 2025 earnings season and investor attention is turning toward four key pure-play quantum names — IonQ IONQ, D-Wave Quantum QBTS, Rigetti Computing RGTI and Quantum Computing... QUBT (also known as QCi) as their results are just around the corner. Over the past few quarters, these companies have delivered impressive top-line growth, even as bottom-line performance remains pressured, given all four are still in early-stage commercialization and continue to prioritize R&D investment. With that backdrop, investors are watching closely to see how Q3 shapes up and whether momentum in revenues, customer adoption and technological progress can offset concerns around sustained losses and cash burn.

As stated earlier, in the recent quarters, a clear pattern has emerged across the four pure-play quantum computing firms. Revenue momentum is forming, yet profitability remains under significant pressure. IonQ reported revenues of $7.6 million in the first quarter of 2025 and delivered a sharp acceleration to $20.7 million in the second quarter. However, quarterly losses widened materially as the company scaled system development and deployment capacity. D-Wave posted one of the strongest industry revenue lifts in early 2025, generating approximately $15 million in the first quarter, before normalizing to $3.1 million in the second quarter as contract timing shifted and... Rigetti’s revenues improved sequentially from $1.5 million in the first quarter to $1.8 million in the second quarter, yet losses continued to deepen due to increased R&D and engineering spending.

Meanwhile, QCi remained in an early commercialization phase, recording $39,000 in first-quarter revenues and $61,000 in the second quarter, with operating expenses significantly outweighing top-line contribution. Collectively, these results highlight a consistent industry pattern-- building revenue pipelines and technical execution progress, but profitability remains distant amid heavy R&D and infrastructure investment. We are in the middle of the third-quarter 2025 earnings season and investor attention is turning toward four key pure-play quantum names — IonQ IONQ, D-Wave Quantum QBTS, Rigetti Computing RGTI and Quantum Computing... QUBT (also known as QCi) as their results are just around the corner. Over the past few quarters, these companies have delivered impressive top-line growth, even as bottom-line performance remains pressured, given all four are still in early-stage commercialization and continue to prioritize R&D investment. With that backdrop, investors are watching closely to see how Q3 shapes up and whether momentum in revenues, customer adoption and technological progress can offset concerns around sustained losses and cash burn.

6. Rigetti Computing (RGTI) reports on Nov. 10, with Quantum Computing (QUBT) due on Nov.… 12/29/2025 Quantum computing stocks are ending 2025 just like they started: on a roller coaster as investors mull profit taking versus... 12/29/2025 Quantum computing stocks are ending 2025 just like they started:... Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Get market updates, educational videos, webinars, and stock analysis.

Quantum stocks are in focus as the Q3 earnings season rolls on. Here's a look at the reports from companies that have reported and estimates for one that is still ahead. Rigetti Computing, Inc. (NASDAQ:RGTI) released its Q3 results on Monday after the closing bell. Rigetti reported quarterly losses of three cents per share, which beat the analyst estimate for losses of four cents. Read More: Kevin O’Leary Slams Trump’s $2,000 Tariff Rebate Checks: ‘Everyone Loves The Idea Of A Free Check’ Quarterly revenue came in at $1.94 million, missing the Street estimate of $2.17 million and down...

Throughout the third quarter of 2025, the large quantum firms mainly highlighted three core themes in their official announcements. Liquidity and runway remained a central focus. IonQ IONQ, Rigetti Computing RGTI and D-Wave Quantum QBTS each completed substantial equity offerings during June and July, strengthening their cash reserves amid rising R&D and commercialization costs. These financings were intended to extend operating runways and reassure investors that execution plans remain well supported. On the technology front, vendors emphasized tangible progress. Rigetti announced the general availability of its 36-qubit multi-chip quantum computer, while IBM IBM deployed its Quantum System Two at Japan’s RIKEN research center, the first installation outside the United States.

Xanadu unveiled an on-chip, error-resistant photonic qubit, signaling continued innovation in scalable architectures. Commercial partnerships also gained momentum. Quantinuum disclosed new strategic collaborations and IBM highlighted its hybrid computing initiatives linking quantum and classical systems. Such alliances suggest an emerging commercial layer where research institutions and enterprises begin testing early quantum applications in optimization and materials science. For investors, quantum computing in mid-2025 represents a long-term capital play, where steady engineering advances, rather than short-term earnings, define meaningful progress. As Q3 earnings season approaches, all eyes are on pure-plays like IONQ, RGTI and QBTS to gauge how these strategic efforts are translating into commercial traction.

IonQ: In the third quarter of 2025, IonQ is likely to continue its trajectory of strong topline growth with heavy reinvestment, rather than profitability. The company already raised $1.0 billion in July via an equity offering (executed at a premium) to bolster its cash reserves and support an aggressive deployment and acquisition strategy. Further, IonQ is expanding its technology portfolio by completing the acquisition of Oxford Ionics (announced September 2025) and by entering a definitive agreement to acquire Vector Atomic, enhancing its quantum sensing and positioning, navigation... Technically, IonQ has already hit a major milestone. In September, it announced that its Tempo system achieved #AQ 64, a performance benchmark three months ahead of schedule.

Quantum Computing Stocks Q3 Earnings Preview Ionq Qbts And More Msn

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