Quantum Computing Inc. Reports Q2 2026 Financial Results: Revenue Surges to $5.6M and Fab 2 Launch via NHanced Acquisition

Quantum Computing Inc. Reports Q2 2026 Financial Results: Revenue Surges to $5.6M and Fab 2 Launch via NHanced Acquisition Quantum Computing Inc. (QCi) (NASDAQ: QUBT) has announced its financial results for the second quarter ended June 30, 2026. The Hoboken-based integrated photonics and quantum manufacturing company highlighted accelerating revenue growth, key commercial system deliveries, and its third strategic acquisition of the year. The table below summarizes key GAAP financial metrics for Q2 2026 compared with the prior quarter (Q1 2026) and the year-ago quarter (Q2 2025). Amounts in $M (except per share)Q2’2026Q1’2026Q2’2025% vs Q1’2026% vs Q2’2025Revenue$5.55$3.69$0.061+50.4%+8,998.4%Operating Expenses$21.85$19.83$10.20+10.2%+114.2%Operating Loss($23.01)($20.55)($10.17)+12.0%+126.3%Net Loss($11.75)($4.05)($36.48)+190.1%-67.8%Cash and Short-Term Investments$954.17*$986.11*$304.30*-3.2%+213.6% *Note: Cash and Short-Term Investments strictly aggregates Cash and Cash Equivalents ($189.15M) and Short-Term Investments ($765.02M), totaling $954.17M as of June 30, 2026. Adding long-term investments ($369.28M) brings total capital reserves to $1.32 billion ($1,323.45M). The sequential cash decrease reflects ~ $180 million in combined cash deployed across its three 2026 acquisitions (LSI, NuCrypt, and NHanced) including transaction expenses. Historical Q2 2025 baselines reflect QCR’s previously reported figures. Financial Highlights & Balance Sheet Strength QCi generated $5.55 million in revenue for Q2 2026, representing a 50.4% sequential increase over Q1 2026 ($3.69M) and an almost 90-fold increase compared to $61,000 in Q2 2025. Revenue expansion was driven across the company’s integrated photonics and component portfolio, supported by products addressing commercial aerospace, defense, and industrial markets following the integration of Luminar Semiconductor (LSI) and NuCrypt. Operating expenses for the quarter rose to $21.85 million, up 114% year-over-year, driven by R&D engineering hires, sales expansion, and $7.3 million in acquisition-related transaction fees. GAAP Net Loss for Q2 2026 was ($11.75) million, or ($0.05) per basic and diluted share, representing a significant reduction compared to the ($36.48) million loss in Q2 2025. The year-over-year bottom-line improvement was aided by $12.95 million in interest income earned on its $1.32B capital reserves, alongside a much smaller non-cash mark-to-market warrant derivative liability loss ($1.7M in Q2 2026 vs $28.1M in Q2 2025). The company reported a substantial contract backlog of approximately $42.5 million as of June 30, 2026. Strategic M&A: Acquisition of NHanced Semiconductors & Fab 2 Launch QCi completed its third acquisition of 2026, acquiring U.S.-based advanced packaging foundry NHanced Semiconductors, Inc. for $73.1 million in cash/stock (plus up to $72.0 million in performance-based earn-outs). Fab 2 Launch: The transaction accelerates the launch of Fab 2 ahead of schedule, equipping QCi with 3D semiconductor packaging and nanophotonic integration capabilities. Vertical Integration: Complements its Arizona-based Fab 1 (focused on thin-film lithium niobate [TFLN] chip prototyping and small-batch production) to establish a full-stack, U.S.-based quantum photonics foundry infrastructure. Commercial & Operational Milestones Dirac-3 System Delivery: Sold, delivered, and installed a Dirac-3 quantum optimization machine at a leading global consulting firm for enterprise portfolio optimization applications. NeuraWave Commercial Readiness & $10M+ Agreement: Brought its NeuraWave photonic reservoir computing platform to commercial deployment readiness for edge AI inference. Subsequently signed a framework agreement with Planck Dynamics to deploy dozens of NeuraWave systems, representing a potential program value exceeding $10 million.

Quantum Secure Communications Win: Received a commercial purchase order from a world-leading university for QCi’s quantum secure communications hardware to support next-generation quantum network research. Resources and Further Reading Additional details regarding this report can be found in the Quantum Computing Inc. Q2 2026 press release here. August 10, 2026 Mohamed Abdel-Kareem2026-08-10T18:36:35-07:00 Leave A Comment Cancel replyComment Type in the text displayed above Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.