Quantum Computing (QUBT)
Develops photonic quantum machines, chips, sensing hardware, and secure communications tools.
Something off on this page? Send us feedback.
Builds integrated-photonics systems for quantum computing, reservoir computing, remote sensing, imaging, and cybersecurity. Revenue is still early commercial, with one consolidated segment spanning Dirac machines, TFLN foundry services, NeuraWave hardware, and quantum communications products.
Uses integrated photonics and non-linear quantum optics to build room-temperature systems for quantum computing, reservoir computing, remote sensing, imaging, and cybersecurity. The commercial lineup spans Dirac entropy quantum computers, EmuCore and NeuraWave reservoir-computing hardware, quantum communication components, and TFLN foundry services.
Operations are centered in the United States, with headquarters in Hoboken and a Tempe, Arizona chip facility for TFLN prototyping, small-batch manufacturing, and photonic integrated-circuit packaging. Luminar Semiconductor and NuCrypt broaden the portfolio into photonic components, packaging, and quantum communications.
The business reports one consolidated segment and remains early commercial, with product and service revenue built around specialized hardware access, foundry work, and support. Commercialization depends on TFLN chip execution, wafer supply chains concentrated in East Asia, and export-control rules covering some quantum technologies.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 29, 2026 | Rosenblatt Securities | Target | Target: — | Target: $22 |
| Jun 24, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: — | Target: $10 |
| Apr 20, 2026 | Northland Securities | Target | Target: — | Target: $20 |
| Dec 17, 2025 | Wedbush | Target | Target: — | Target: $12 |
| Nov 17, 2025 | Lake Street | Reiterate | Rating: —Target: $24 | Target: $16 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $954.2M · Total debt $23.4M · Total assets $1.64B · Shareholders' equity $1.59B
- Revenue
- $5.6M
- Operating income
- −$23.0M
- Net income
- −$11.8M
No dividends on record.
| Institutions | ≈ 45.74% | 103.53M shares | |
|---|---|---|---|
| 345 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 13.26% | 30.01M shares | |
| 13 holders · as of Aug 24, 2026 | |||
| Other | ≈ 41.00% | 92.81M shares | |
| remainder | |||
226.35M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Yuping Huang1,2Insiderdirector, 10 percent owner, officer: CEO and President | 10.81% | 23.30M | filed Aug 24, 2026 |
BlackRock, Inc.Institution | 7.83% | 17.73M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.91% | 8.85M | as of Jun 30, 2026 |
Defiance Etfs, LLCInstitution | 3.11% | 7.03M | as of Jun 30, 2026 |
Penserra Capital Management LLCInstitution | 3.08% | 6.98M | as of Jun 30, 2026 |
- Yuping Huang's transaction reports restate only vehicles that traded; the 2026 ownership statement (23.30M) plus the 1.17M net shares acquired since is used instead.
- Yuping Huang reports a block also reported by UBS Group AG; it is counted once, under UBS Group AG.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 11, 2026 | Christopher Bruce Roberts | officer: CFO and General Counsel | −9,360 | $7.85 |
| Mar 10, 2026 | Christopher Bruce Roberts | officer: CFO and General Counsel | −68,902 | $7.85 |
| Jan 7, 2026 | Milan Begliarbekov | officer: Chief Operating Officer | −2,860 | $11.85 |
- IBM
Full-stack quantum platform spanning hardware, cloud access, and Qiskit
- D-Wave Quantum
Annealing-first quantum systems for optimization and hybrid cloud use
- IonQ
Trapped-ion platform spanning quantum computing, networking, and security
- Xanadu Quantum Technologies
Photonic quantum-computing peer with software and chip-packaging work
- Rigetti Computing
Superconducting quantum hardware, QPUs, and cloud-delivered systems
- Infleqtion
Neutral-atom quantum systems, sensing, security, and integrated photonics
- Microsoft
Enterprise quantum cloud and HPC platform with topological hardware roadmap
- Amazon
Quantum cloud marketplace competing for developer and enterprise workloads
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Quantum Computing | $8.93 | −0.33% | $2.01B | — | — | 204.8 | +9,000.0% |
| IBM | $231.24 | −0.30% | $218.51B | 20.5 | 18.1 | 3.2 | +1.1% |
| D-Wave Quantum | $17.34 | −2.06% | $6.50B | — | — | 523.2 | −0.6% |
| IonQ | $40.08 | −1.06% | $15.12B | — | — | 61.3 | +286.8% |
| Xanadu Quantum Technologies | $5.94 | −19.40% | $166.9M | — | — | 29.9 | — |
| Rigetti Computing | $16.21 | −1.94% | $5.49B | — | — | 411.5 | +185.3% |
| Infleqtion | $13.80 | −1.18% | $3.05B | — | — | 137.9 | — |
| Microsoft | $497.59 | −0.80% | $3.72T | 27.9 | 25.4 | 11.2 | +17.8% |
| Amazon | $257.02 | −0.56% | $2.78T | 20.8 | 27.5 | 3.6 | +19.6% |
| Median | 20.8 | 25.4 | 45.6 | +18.7% |