Quantum Computing Inc (NAS:QUBT)

Q1 2026 Quantum Computing Inc Earnings Call Transcript

May 11, 2026 / 08:30 PM GMT

Release Date Price: $10.18 (+6.04%)

Transcript 10-Q8-K

Key Points

Positve

Quantum Computing Inc (QUBT) reported a significant increase in revenue for Q1 2026, totaling $3.7 million compared to $39,000 in the prior year quarter.
The company completed two key acquisitions: Lumina Semiconductor, Inc. and Nucreb, LLC, which are expected to enhance their capabilities in photonics and quantum technology.
Quantum Computing Inc (QUBT) announced a partnership with Quantum Corridor, marking a significant step in their commercial deployment strategy.
The company is actively planning for a second, larger foundry (Fab 2) to support higher volume production, indicating a focus on scaling manufacturing capabilities.
Quantum Computing Inc (QUBT) has a strong balance sheet with cash equivalents and investments of $1.4 billion as of March 31, 2026.

Negative

Operating expenses for Q1 2026 increased significantly to $19.8 million from $8.3 million in the same quarter last year.
The company reported a net loss of $4.1 million for the first quarter, compared to a net income of $17 million in Q1 2025.
Gross margins were low due to underutilization and high production overhead costs, impacting profitability.
The integration of recent acquisitions is ongoing, with no immediate cost savings expected from redundancies.
The company faces engineering challenges in achieving the necessary quality factor for their gate-based quantum computer, which could delay progress.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

QUBT.OQ - Quantum Computing Inc
Q1 2026 Quantum Computing Inc Earnings Call
May 11, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, greetings and welcome to the Quantum Computing Inc. First Quarter 2026 Shareholder Update Call. At this time, all participants are in a listen-only mode. If anyone should require operator assistance during the conference, please press *0 on your telephone keypad.

Following management's remarks, the call line will open for questions. It is now my pleasure to introduce your host, John Nesbeth with IMS Investor Relations.

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Unidentified_2 [2]
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Thank you, and I want to welcome everyone to the Quantum Computing, Inc. First

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