
Quantum Computing Inc.
ConvictionWeak
Hardware + foundry: sells entropy-quantum optimization machines (Dirac series), TFLN photonic-chip foundry services (Fab 1, Tempe AZ), and — post-acquisition — photonic components (lasers, photodiodes, packaging) and quantum-cybersecurity products; primarily project/government contracts + early foundry pre-orders, not yet recurring commercial scale.
Revenue
$3.7MQ1 FY26); $0.68M (FY25Rev growth
+9,400% YoY Q1 FY26$3.7M vs $39K Q1 FY25) — distorted by the LSI acquisition; FY25 organic base was ~$0.68MGross margin
Negative — Q1 FY26 gross loss of$0.72M) on $3.7M revenueOp margin
Deeply negative — FY25 operating margin ~ -7,489%Q1 FY26 opex $19.8M vs $3.7M revenueCapex intensity
Elevated — Fab 1 buildoutTempe TFLN foundry) + Fab 2 planned; $110M cash acquisition of Luminar Semiconductor (Feb 2026Market cap
~$2.1B225.5M sh × ~$9.18, Jun 2026Price · 1-year trend
real · weekly$9.18-47% 1yUSD
52-week range
$7 – $25
52w lowas of 2026-06-28 · Yahoo Finance52w high
The read
Where our coverage leans
Coverage leans bearish
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Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
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