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QUBT Stock Analysis: Quantum Computing Inc (Nasdaq: QUBT) Stock Price, Forecast and Price Target for 2026

Quantum Computing Inc is a small photonics company, and its qubt stock is one of the most volatile names in the quantum sector. As of October 22, 2026, it was valued at about $1.54 billion, down 54% over one year but still up 738% over two years.

The short answer for investors: QCi has a large cash pile, fast-growing but tiny revenue and a valuation that already prices in a lot of success. Below is a full stock analysis based on the company's latest filings and analyst data tracked by Clear Report.

What Quantum Computing Inc Does

Quantum Computing Inc trades on the Nasdaq under the ticker QUBT. It describes itself as an integrated photonics company focused on delivering quantum machines that work at room temperature, unlike rivals that must cool their chips near absolute zero.

The company offers a vertically integrated portfolio spanning photonics chips, quantum hardware and software. Its main products are:

• Dirac-3 quantum optimization machine. An entropy quantum computing system that solves optimization problems. In Q2 2026 a Dirac-3 was sold and installed at a global consulting firm for portfolio optimization.
• NeuraWave. A photonic reservoir computing platform for AI and signal processing tasks.
• Quantum communications and security. An integrated quantum security platform for encrypted data links; a leading university placed an order in Q2 2026.
• Foundry services. The company provides foundry services from its thin-film lithium niobate chip plant in Tempe, Arizona.

In short, QCi is closer to a quantum optics and integrated photonics supplier than to a pure quantum computer maker like IonQ or Rigetti Computing.

QUBT Q2 2026 Results at a Glance

Quantum Computing Inc reported Q2 2026 results on August 10, 2026.

Revenue grew mainly from photonics product sales, up from $3.7 million in Q1 2026. Operating expenses more than doubled to $21.8 million, partly because of $7.3 million in deal costs.

Acquisitions in 2026

QCi used about $180 million in cash for three deals this year:

1. NHanced Semiconductors, a U.S. advanced packaging foundry, bought for $73.1 million plus up to $72 million in earn-outs. It gave QCi a second fab ahead of schedule.
2. The acquisition of NuCrypt, which adds optical and quantum communications technology.
3. Luminar Semiconductor, which brings laser and photonic chip production.

These deals turn QCi into a small semiconductor and photonic components business with quantum applications on top.

QUBT Analyst Ratings and Price Target

Six analysts cover QUBT as of October 23, 2026. The consensus rating is Buy: 50% rate the stock Strong Buy, 17% Buy and 33% Hold, with no Sell ratings. The average analyst price target is $18.67.

With coverage this thin, one analyst changing a rating can move the stock price sharply. Always compare the target with the current price before drawing conclusions; the gap changes daily for a stock this volatile.

Valuation: What Investors Are Paying For

At a market cap of about $1.54 billion, QUBT trades at well over 30 times its trailing sales, like the other pure-play quantum computing stocks. Roughly $1.3 billion of that value is covered by cash, which is unusual and gives the company years of runway.

The rest of the valuation depends on future growth. If photonics and foundry revenue scale, the price can make sense; if not, the stock has room to fall.

QUBT Stock vs Other Quantum Stocks

QUBT is the smallest of the four but earns slightly more revenue than D-Wave or Rigetti Computing. IonQ remains far ahead on sales.

Key Risks for QUBT

• Insider selling. Insiders sold about $33.9 million net over five years and bought none, according to a Motley Fool review.
• Small revenue base. $5.6 million a quarter is still small for a $1.5 billion company.
• Losses. The company remains unprofitable and spends heavily on acquisitions.
• Volatility. QUBT gained 738% over two years, then lost more than half its value in the last twelve months. It behaves very differently from Dow Jones blue chips.

Do your own research before making any investment. This analysis is not investment advice and is not a recommendation to buy or sell.

How to Follow QUBT With Clear Report

Quantum stock news moves fast, and the facts are spread across SEC filings, earnings calls and analyst notes. The QUBT ticker page on Clear Report brings them together:

• an AI Rating from 0 to 100 with its drivers;
• AI summaries of each earnings call, including evasive answers;
• analyst rating and price target changes in real time;
• major holders, insider trades and fund positions.

For the wider sector, see our guide to quantum computing stocks. It compares QUBT with large-cap names and quantum ETFs. You can also read every QCi call in our earnings call transcripts section or open any ticker on the free plan.

FAQ: QUBT Stock

Is QUBT a good stock to buy?

It suits only investors who accept high risk. The company has cash and growing revenue, but it is not profitable and trades at a high multiple of sales.

What is the QUBT stock forecast for 2026?

Analysts' average price target is $18.67, with a consensus Buy rating from six analysts.

Does Quantum Computing Inc make money?

Not yet. It lost $11.8 million in Q2 2026 on $5.6 million of revenue.

What does QUBT stand for?

It is the Nasdaq ticker of Quantum Computing Inc.

What could drive QUBT stock by 2030?

Scaling its foundry and photonic chip sales, plus commercial orders for Dirac-3 and quantum security products.

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