Quantum Computing Inc. Q3 Revenue Hits $9.5 Million, Topping Its Entire First Half
Quantum Computing Inc. said Monday it generated $9.5 million of revenue in the third quarter, more than the $9.2 million it booked in the entire first half of 2026, as acquired businesses added sales, according to its earnings release.
That compared with $384 thousand of revenue a year earlier. The company, known as QCi, said growth came mainly from Luminar Semiconductors, NuCrypt and NHanced Semiconductors, which it bought in the first half of the year and which sell photonic components, quantum communications products and advanced packaging services to aerospace, government and industrial customers.
Margins and losses
Gross margin was 4.5% in the quarter. The company said it is working to raise manufacturing utilization and operating efficiency as it scales.
Operating expenses rose to $29.0 million from $10.5 million a year earlier, mainly on higher personnel costs. The net loss was $15.1 million, or 7 cents a share.
QCi ended September with $174.3 million in cash and cash equivalents and $1.1 billion in short- and long-term investments including accrued interest, according to the release.
"We're encouraged by our progress, but recognize there's considerable work ahead," Chief Executive Yuping Huang said. He listed the company's priorities as growing the commercial business, scaling manufacturing and advancing its quantum roadmap.
By the numbers
- Q3 revenue: $9.5 million, versus $384 thousand a year earlier
- First-half 2026 revenue: $9.2 million
- Gross margin: 4.5%
- Operating expenses: $29.0 million
- Net loss: $15.1 million, or $0.07 a share
Sources
- Form 8-K with Exhibit 99.1 earnings release, Quantum Computing Inc., filed Nov. 9, 2026, accession 0001628280-26-072163
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