Quantum Computing Inc. or “QCi” QUBT expanded customer adoption across its quantum optimization and photonic computing platforms. The company successfully sold, delivered and installed its Dirac-3 quantum optimization machine at a leading global consulting firm. The Dirac-3 system will support enterprise customers on complex optimization applications, including portfolio optimization.
NeuraWave, its next-generation photonic reservoir computing platform, also reached deployment readiness. This platform combines photonic and digital computing to deliver fast, energy-efficient AI inference and advanced signal processing for edge computing applications across defense, telecommunications, robotics, healthcare industrial monitoring and other markets.
QCi entered into a framework agreement with Planck Dynamics to support the deployment of almost multiple dozens of NeuraWave photonic reservoir computing systems as customer milestones are achieved. The agreement represents an important commercial validation of NeuraWave’s readiness to address emerging AI infrastructure requirements with a potential aggregate program value in excess of $10 million, subject to the achievement of specified customer milestones and other conditions.
QCi also received an order from a leading university for its quantum-secure communications system, supporting further research and signaling continued customer traction.
Peer Update
Rigetti RGTI will deliver a 9-qubit Novera system to the Pittsburgh Supercomputing Center’s TangleLab testbed, expanding its quantum-HPC collaboration. The company is also fulfilling on-premises systems, including a 108-qubit program for C-DAC in India, amid continued demand from universities, national labs and research organizations.
D-Wave Quantum QBTS announced several new and renewed commercial and research customer engagements, including AT&T, Nasdaq Verafin, Oki Electric, Shionogi, Unisys, and one of the world’s largest gambling and entertainment companies. The company also announced a forthcoming gate-model quantum computing simulator, which is expected to be the first specifically designed for error-aware programming.
QUBT’s Share Price Performance
Over the past year, QCi’s shares have plunged 43.1% compared with the industry’s 12.6% decline.

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QUBT’s Expensive Valuation
QUBT currently trades at a forward 12-month price-to-sales (P/S) of 41.05X compared with the industry’s median of 4.10X.

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QUBT Stock Estimate Trend
Over the past 30 days, QCi’s loss per share estimate for 2026 has moved south.

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QUBT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Quantum Computing Inc. (QUBT): Free Stock Analysis Report
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D-Wave Quantum Inc. (QBTS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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