Technology
Technical innovations and engineering
quantum-computingIonQ Is Worth $13 Billion and Sits 58% Below Its High. Here's What Has to Go Right.
IonQ (IONQ +1.87%) closed Thursday at $35.77, up almost 12% in a single session as quantum computing stocks rallied. Even after that jump, shares of the quantum computing specialist sit about 58% below their 52-week high of $84.64. And yet the company still carries a market capitalization of $13.35 billion. So the stock manages to look beaten down and expensive at the same time. Here's a closer look at what has to go right for today's price to work out. Image source: Getty Images. Growth from a very small base Highlighting why the stock attracts so much attention, IonQ's first-quarter revenue rose 755% year over year to $64.7 million, coming in 30% above the midpoint of management's own guidance. Growth like that is nearly impossible to find elsewhere in the market, and I understand why investors are drawn to it. The composition of the revenue is encouraging, too. About 60% of it came from commercial customers rather than governments, about 35% came from international customers, and more than a third came from customers buying across product lines -- quantum computers, networking, and sensing. The order book is filling up even faster. Remaining performance obligations, or the future revenue IonQ already has under contract, reached $470 million in the quarter, up 554% year over year. Management raised its full-year outlook, too. It now expects revenue of $260 million to $270 million in 2026, which it says represents organic growth of more than 100% year over year. Meanwhile, the technology keeps advancing. During the quarter, IonQ sold its first 256-qubit, sixth-generation system to the University of Cambridge, completed the first commercial demonstration of two connected quantum computers, and published its blueprint for fault-tolerant quantum computing. The company also picked up a $39 million Space Development Agency contract during the period. "We are now moving from component-level testing to integrated, system-level testing of the full 256-qubit quantum compute
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quantum-computingSoftBank and Quantinuum White Paper Flags Telecom Fraud Detection as Early Quantum TDA Opportunity
SoftBank Corp. and Quantinuum released Quantum Computing Frontiers in July 2026, mapping quantum chemistry and topological data analysis against Quantinuum’s hardware roadmap. The paper highlights telecommunications fraud detection, specifically International Revenue Share Fraud, as a potentially nearer-term commercial opportunity than chemistry applications. Experiments on the BUPT dataset showed that normalized Laplacian moments improved macro recall and F1 when added to graph neural networks. The authors frame a hybrid quantum–HPC–AI workflow aligned to successive Quantinuum system generations. The post SoftBank and Quantinuum White Paper Flags Telecom Fraud Detection as Early Quantum TDA Opportunity appeared first on The Qubit Report.
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quantum-computingSEALSQ Initiates Early Commercialization of Miraex Quantum Photonics Platform Following Strategic Acquisition
SEALSQ Corp announced it is initiating early commercialization of Miraex SA quantum photonics technology on July 31, 2026. The company states it completed the 100% acquisition of Miraex on June 2, 2026, financed through its reported $200 million Quantum Fund. Miraex is developing a Thin Film Lithium Tantalate photonic integrated circuit platform designed to enable microwave-to-optical quantum transduction. Key performance metrics such as conversion efficiency, noise, and fidelity have not been disclosed. Initial commercialization efforts target potential applications in distributed quantum computing, networking, sensing, and what the company describes as a Quantum Orbital Space Cloud. The post SEALSQ Initiates Early Commercialization of Miraex Quantum Photonics Platform Following Strategic Acquisition appeared first on The Qubit Report.
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quantum-computingIBM Demonstrates Verified Quantum Results That Challenge Classical Methods
IBM and partners from the University of Chicago, Qedma, and Algorithmiq announced three demonstrations of verified quantum results on July 30, 2026. Using Heron processors, the teams executed encoded circuits with up to 70 logical qubits, 74-qubit Floquet dynamics with QESEM mitigation, and heterogeneous matter simulations. Classical methods showed diverging or inconclusive results at the scales reached. Validation frameworks and open release to the Quantum Advantage Tracker enable continued community scrutiny of the claims. The post IBM Demonstrates Verified Quantum Results That Challenge Classical Methods appeared first on The Qubit Report.
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quantum-computingQTREX Reports Interconnect Platform Exceeds Partner RF Benchmarks
QTREX Quantum Ltd. announced that its proprietary printed coaxial quantum interconnect platform exceeded RF performance requirements set by strategic partners. Characterization confirmed continuous broadband transmission from 10 MHz to 20 GHz, minimum 68 dB isolation, 4.4 picosecond average channel-to-channel skew, and high manufacturing consistency. The results validate the Additively Manufactured Electronics platform for commercial application development in dense quantum computing systems and are expected to advance existing strategic engagements. The post QTREX Reports Interconnect Platform Exceeds Partner RF Benchmarks appeared first on The Qubit Report.
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quantum-computingIonQ vs. Rigetti: Which Quantum Computing Stock Is a Better Buy in 2026?
The quantum computing race is accelerating as firms move from theoretical models to functional hardware. Is IonQ (IONQ +1.87%) or Rigetti Computing (RGTI +0.61%) the better buy for your portfolio in 2026?Both companies represent a high-stakes bet on the future of high-performance computing. IonQ focuses on trapped-ion technology to build its systems, while Rigetti specializes in superconducting processors. This comparison evaluates their financial health, strategic growth, and unique risks to help you decide which stock is a more compelling opportunity today.CollapseRGTI & IONQ: Performance ComparisonKey Financial MetricsRGTI – Rigetti Computing$14.95+0.61% (+$0.09)IONQ – IonQ$36.44+1.87% (+$0.67)Market Cap$5.0B52wk Range$12.53 - $58.15Gross Margin-5945.49%P/E Ratio-17.23EPS (TTM)$-0.87Market Cap$14B52wk Range$25.89 - $84.64Gross Margin-2879.52%P/E Ratio-212.85EPS (TTM)$-0.17RGTI – Rigetti Computing$14.95+0.61% (+$0.09)Market Cap$5.0B52wk Range$12.53 - $58.15Gross Margin-5945.49%P/E Ratio-17.23EPS (TTM)$-0.87IONQ – IonQ$36.44+1.87% (+$0.67)Market Cap$14B52wk Range$25.89 - $84.64Gross Margin-2879.52%P/E Ratio-212.85EPS (TTM)$-0.17The case for IonQIonQ develops trapped-ion quantum computers and offers cloud access to government, enterprise, and research customers. The company recently completed the acquisition of SkyWater Technology, establishing a domestic semiconductor foundry to bolster its infrastructure. Customer concentration like this adds a layer of risk to the business, as revenue heavily depends on a few government entities and cloud partnerships.In FY 2025, revenue reached nearly $130.0 million, which was a 201.9% increase from the roughly $43.1 million reported in FY 2024. Despite this top-line surge, the company reported a net loss of approximately $510.4 million. The net margin was roughly -392.6%, which measures what percentage of each dollar earned as revenue remains after accounting for all expenses.As of its December 2025 balance sheet, the debt-
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quantum-computingQuantum Computing Weekly Round-Up: Week Ending August 1, 2026
Quantum Computing Weekly Round-Up for the week ending August 1, 2026 delivered hard proof that quantum signals can share live commercial fiber, silicon processors can run their own error correction, and real capital plus telco deals are turning roadmaps into working infrastructure. Northwestern pushed entangled photons 15 miles through Chicago traffic at 94 percent fidelity. ZuriQ raised $25.5 million for its 2D trapped-ion architecture while HRL showed an 18-qubit silicon chip controlling itself inside the cryostat. AT&T expanded its D-Wave footprint and post-quantum authentication reached origin servers. Readers who skip the links will feel the FOMO. The post Quantum Computing Weekly Round-Up: Week Ending August 1, 2026 appeared first on The Qubit Report.
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quantum-computingIonQ vs. D-Wave Quantum: Which Quantum Computing Stock Is a Better Buy in 2026?
The quantum computing race is intensifying as companies transition from laboratory experiments to commercial applications. Choosing between IonQ (IONQ +1.87%) and D-Wave Quantum (QBTS +0.56%) requires you to decide which specialized hardware approach will win.IonQ focuses on trapped-ion technology to build scalable quantum systems for enterprise use. D-Wave specializes in quantum annealing, a different method optimized for solving complex business calculations. Both companies are high-risk investments that aim to revolutionize computing as we know it today.The case for IonQIonQ utilizes trapped-ion technology to develop quantum platforms for diverse fields like drug discovery and financial modeling. The company is a notable player among quantum computing stocks that focus on specialized hardware. It maintains commercial agreements with the likes of Amazon for its cloud-based offerings. Following its July 2026 acquisition of SkyWater Technology, the company now operates its own domestic foundry to serve a broader range of customers.In its 2025 fiscal year (FY), revenue reached $130.0 million, representing a year-over-year increase of 201.9%. The company reported a net loss of $510.4 million for the same period. This resulted in a net margin of -392.6%, which measures the total loss generated for every dollar of revenue.As of its December 2025 balance sheet, IonQ reported a debt-to-equity ratio of zero. This ratio shows total debt relative to shareholder equity, indicating the company has no traditional debt on its books. The current ratio of 15.5x is high, indicating the company has ample assets to cover short-term bills, though it generated a negative free cash flow of $299.6 million. Free cash flow is the cash a business generates after paying for its operations and equipment.The case for D-Wave QuantumD-Wave Quantum focuses on quantum annealing systems designed to solve complex optimization problems for more than 100 organizations. Its customer list includes globa
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quantum-computingBigBear.ai vs. D-Wave Quantum: Which Technology Stock Is a Better Buy in 2026?
Investors seeking exposure to cutting-edge computing technologies often weigh the merits of artificial intelligence against quantum breakthroughs. Choosing between BigBear.ai (BBAI -1.41%) and D-Wave Quantum (QBTS +0.56%) requires balancing government-focused growth with commercial innovation.BigBear.ai specializes in decision intelligence for defense and logistics, while D-Wave Quantum provides cloud-based quantum computing services. While both companies operate in the high-stakes world of advanced technology, their paths to profitability and market niches differ significantly. This comparison examines their financials, risks, and valuations to help you decide which stock fits your strategy.CollapseBBAI & QBTS: Performance ComparisonKey Financial MetricsBBAI – BigBear.ai$2.79–1.41% (-$0.04)QBTS – D-Wave Quantum$18.08+0.56% (+$0.10)Market Cap$1.3B52wk Range$2.59 - $9.39Gross Margin27.92%P/E Ratio-12.80EPS (TTM)$-0.22Market Cap$6.7B52wk Range$12.75 - $46.75Gross Margin32.92%P/E Ratio-15.96EPS (TTM)$-1.13BBAI – BigBear.ai$2.79–1.41% (-$0.04)Market Cap$1.3B52wk Range$2.59 - $9.39Gross Margin27.92%P/E Ratio-12.80EPS (TTM)$-0.22QBTS – D-Wave Quantum$18.08+0.56% (+$0.10)Market Cap$6.7B52wk Range$12.75 - $46.75Gross Margin32.92%P/E Ratio-15.96EPS (TTM)$-1.13The case for BigBear.aiBigBear.ai is a prominent name among tech stocks that provide decision intelligence solutions for supply chains and autonomous systems. The company serves the U.S. Intelligence Community and the Department of Defense alongside commercial manufacturing clients. Customer concentration like this adds a layer of risk to the business, as a few large contracts account for over half of total revenue.In FY 2025, revenue reached nearly $127.7 million, representing a decline of approximately 19.3% compared to the previous year. The company reported a net loss of roughly $293.9 million for the period, which resulted in a net margin of nearly 230.2%. Net margin measures how much of every dollar in revenue
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quantum-computingIonQ vs. Alphabet: What Revenue Trends Reveal About the Quantum Computing Chipmaker and the Artificial Intelligence Giant
IonQ: Accelerating Early-Stage RevenueIonQ (IONQ +1.87%) primarily generates revenue by creating advanced quantum computing systems and providing customers with access to its 20-qubit computers through prominent cloud platforms.It closed the acquisition of SkyWater Technology in July of 2026 while simultaneously launching new commercial services. It recorded a net income margin of 1,245% for the quarter ended March 31, 2026.Alphabet: Consistent Tech Giant RevenueAlphabet (GOOGL +6.73%) primarily generates revenue by delivering search advertising, digital applications, and the Android operating system, alongside a comprehensive suite of cloud computing services for businesses.It upsized an equity raise for infrastructure expansion while navigating a European regulatory fine. It reported a net income margin of 94% for the quarter ended June 30, 2026.Why Revenue Matters for Retail InvestorsRevenue enables retail investors understand whether a business is successfully growing its core sales over time before expenses are deducted. Tracking this figure helps investors understand the total scale and top-line growth trajectory of a company. Quarterly Revenue for IonQ and AlphabetQuarter (Period End)IonQ RevenueAlphabet RevenueQ3 2024 (Sept. 2024)$12.4 million$88.3 billionQ4 2024 (Dec. 2024)$11.7 million$96.5 billionQ1 2025 (March 2025)$7.6 million$90.2 billionQ2 2025 (June 2025)$20.7 million$96.4 billionQ3 2025 (Sept. 2025)$39.9 million$102.3 billionQ4 2025 (Dec. 2025)$61.9 million$113.9 billionQ1 2026 (March 2026)$64.7 million$109.9 billionQ2 2026Not yet reported$119.8 billion (period ended June 2026)Data source: Company filings. Data as of July 31, 2026.Foolish TakeGoogle parent Alphabet’s enormous revenue in contrast to IonQ illustrates the difference between its digital advertising and search engine dominance against the nascent field of quantum computing. Now, Alphabet’s investments in the artificial intelligence sector are supercharging its business further, as demons
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quantum-computingUS National Quantum Update: July 2026
The United States advanced its quantum strategy in July through defence-backed benchmarking, fault-tolerance research, domestic manufacturing and post-quantum security, as federal policy and company activity moved closer together.
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