Does Quantum Computing (QUBT) Have the Scale to Turn Photonics Deals into Durable Revenue? - simplywall.st

United States/Tech Hardware/NasdaqCM:QUBTDoes Quantum Computing (QUBT) Have the Scale to Turn Photonics Deals into Durable Revenue?Simply Wall StReviewed by Sasha Jovanovic January 22, 2026ShareCopy Link In early 2026, Quantum Computing Inc. highlighted its expanding quantum and photonics footprint, presenting at the 28th Annual Needham Growth Conference and pursuing additional Luminar Technologies assets through a US$22.00 million stalking horse bid alongside its recently closed Luminar Semiconductor acquisition. By pairing Fab 1 and Fab 2 photonic-chip manufacturing plans with room-temperature quantum technology and fresh analyst coverage, the company is seeking to convert its enlarged asset base into more repeatable commercial opportunities. With recent share price weakness, we’ll now examine how Quantum Computing’s build-up across photonics manufacturing shapes its broader investment narrative. The end of cancer? These 29 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's.AdvertisementDiscover moreSimply Wall StSimply WallWhat Is Quantum Computing's Investment Narrative?To own Quantum Computing Inc. you have to believe that its aggressive bet on photonics manufacturing, room‑temperature quantum technology and edge AI hardware can eventually scale into meaningful, recurring revenue despite today’s tiny US$546K sales base and ongoing losses. The latest Needham conference appearance and stalking horse bid for more Luminar assets fit squarely into that story: they reinforce the push to bulk up Fab 1 and Fab 2 and broaden the product set, rather than changing the near term thesis. In the short run, the key catalyst remains proof of repeat commercial orders from the enlarged photonics and tools platform, while the biggest risks are execution and integration missteps, further dilution to fund this build‑out, and the stock’s history of sharp swings around quantum hype cycles. However, the same expansion that excites investors also raises some underappreciated execution risks they should understand. Our valuation report unveils the possibility Quantum Computing's shares may be trading at a premium.Exploring Other PerspectivesQUBT 1-Year Stock Price Chart Thirty‑three Simply Wall St Community fair value views span roughly US$0.03 to US$23.67 per share, underscoring how far opinions diverge just as QCI leans harder into acquisitions, fresh capacity and still‑unproven recurring demand.Explore 33 other fair value estimates on Quantum Computing - why the stock might be worth less than half the current price!Build Your Own Quantum Computing NarrativeDisagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.A great starting point for your Quantum Computing research is our analysis highlighting 1 key reward and 4 important warning signs that could impact your investment decision.Our free Quantum Computing research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Quantum Computing's overall financial health at a glance.Searching For A Fresh Perspective?Our top stock finds are flying under the radar-for now. Get in early:Find companies with promising cash flow potential yet trading below their fair value.Trump's oil boom is here - pipelines are primed to profit. Discover the 22 US stocks riding the wave.Uncover the next big thing with financially sound penny stocks that balance risk and reward. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Quantum Computing might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.comAbout NasdaqCM:QUBTQuantum ComputingAn integrated photonics company, provides quantum machines to commercial and government markets in the United States.See The Free Research ReportFlawless balance sheet with slight risk.See The Free Research ReportSimilar CompaniesNYSE:IONQIonQNasdaqGS:GOOGLAlphabetMarket InsightsWhy Didn’t Oil React to Venezuela? 🇻🇪Stella OngWhich Markets Will Sink or Swim in 2026? 🌍Richard BowmanThree Sectors Expected to Rally in 2026 📈Stella OngAdvertisementDiscover moreSimply WallSimply Wall StWeekly Picksandre_santos on Ferrari · 14 days agoFerrari's Intrinsic and Historical ValuationFair Value:€243.5617.6% overvalued22 followersusers have followed this narrative·0 commentsusers have commented on this narrative·7 likesusers have liked this narrativeTibiT on Costco Wholesale · 28 days agoInvestment Thesis: Costco Wholesale (COST)Fair Value:US$726.2935.3% overvalued23 followersusers have followed this narrative·2 commentsusers have commented on this narrative·10 likesusers have liked this narrativeOOOOO97 on Neo Performance Materials · 23 days agoUndervalued Key Player in Magnets/Rare EarthFair Value:CA$25.3324.1% undervalued54 followersusers have followed this narrative·0 commentsusers have commented on this narrative·15 likesusers have liked this narrativeRecently Updated NarrativesALalex30free on HEXPOL · 4 days agoM&A machine with a relentless focus on operational excellenceFair Value:SEK 91.238.1% undervalued1 followerusers have followed this narrative·0 commentsusers have commented on this narrative·0 likesusers have liked this narrativeALAlykevoh on Britam Holdings · 4 days agoBritam Holdings will navigate a 2.43 fair value journey to growthFair Value:KSh2.43300.0% overvalued1 followerusers have followed this narrative·0 commentsusers have commented on this narrative·0 likesusers have liked this narrativeDAdavidlsander on QuantumScape · 4 days agoAn amazing opportunity to potentially get a 100 baggerFair Value:US$5579.9% undervalued146 followersusers have followed this narrative·11 commentsusers have commented on this narrative·2 likesusers have liked this narrativePopular NarrativesWEWealthAP on PayPal Holdings · 28 days agoThe "Sleeping Giant" Stumbles, Then Wakes UpFair Value:US$8231.8% undervalued79 followersusers have followed this narrative·6 commentsusers have commented on this narrative·34 likesusers have liked this narrativeANAnalystConsensusTarget on NVIDIA · 29 days agoNVDA: Expanding AI Demand Will Drive Major Data Center Investments Through 2026Fair Value:US$253.0227.5% undervalued1035 followersusers have followed this narrative·6 commentsusers have commented on this narrative·30 likesusers have liked this narrativeOOOOO97 on Neo Performance Materials · 23 days agoUndervalued Key Player in Magnets/Rare EarthFair Value:CA$25.3324.1% undervalued54 followersusers have followed this narrative·0 commentsusers have commented on this narrative·15 likesusers have liked this narrativeTrending DiscussionRORockeTeller on West Red Lake Gold Mines · 6 days agoI'm exiting the positions at great return! WRLG got great competent management. But, 100k oz gold too small in today environment. They might looking for M/A opportunity in the future, or they might get take over by Aris Mining, I don't know. But, Frank Giustra stated he's believed in multi-assets, so that's my speculation. Anyhow, I want to be aggressive in today's gold price. I'm buying Lahontan Gold LG with this as exchange. Higher upside, more leverage. WRLG CEO is BOD's of LG, that's something. This will be my last update on WRLG, good luck!3|0USUser on Adobe · 3 days agoI think that one point that is overlooked is the longer term potential impact. Whereas Adobe controlled the whole design pyramid, Canva is eating the lower the levels and Figma is nibbling at the mid-tier. The current valuation is at risky if Adobe simply becomes the choice of the large enterprises. Moreover, young designers used to naturally learn illustrator & PhotoShop. Now they are learning Canva and Figma and they will want to use those tools in their workplaces. So, Adobe is in jeopardy at losing the next generation.0|0RORockeTeller on Lahontan Gold · 4 days agoThey still drilling, no PEA yet, FS, permit, construction, if we want to speculate the best they might be in production by 2029, might be delay to 2030. I prefer stocks that will be by 2027/2028. But, we never know.