Quantum Computing (QUBT) Climbs on Q1 2026 Earnings

Quantum Computing Inc. (NASDAQ:QUBT) is one of the Best Small Cap AI Stocks to Buy According to Wall Street Analysts. On May 11, Quantum Computing Inc. (NASDAQ:QUBT) released its fiscal Q1 2026 earnings. The share price has risen more than 14.4% since the release.

During the quarter, the company posted $3.7 million, reflecting a huge increase of 9,364.10% year-over-year and ahead of the estimates by 12.7%. The normalized EPS of -0.03 also exceeded the expectations of -0.05. The revenue was primarily driven by acquisitions, and ex-acquisition revenue was at $204 thousand, derived from foundry orders and an R&D subcontract with NASA.

Recent acquisitions made by the company include Lumina Semiconductor, Inc., and NuCrypt LLC. Management noted that these are now driving the bulk of revenue and broadening its portfolio in photonics and quantum communications. As a result, the order backlog at the end of the quarter stood at $16 million.

Following the release on May 12, Cantor Fitzgerald reiterated a Neutral rating on the shares with a price target of $10.

​Quantum Computing Inc. (NASDAQ:QUBT) is an innovative company that engages in quantum optics and integrated photonics technology.

While we acknowledge the risk and potential of QUBT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QUBT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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