Raising capital has been the name of the game for quantum computing stocks heading into second-quarter earnings reports. The companies are still unprofitable for the most part as they aim to advance the technology. Cloud computing giant Amazon.comAMZN disclosed an investment in IonQIONQ, which reports earnings after the market close on Wednesday.
Meanwhile, D-Wave QuantumQBTS reports early on Aug. 7. Rigetti ComputingRGTI reports on Aug. 12, with Quantum ComputingQUBT also due in mid-August.
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On the stock market today, IonQ stock rose 4.2% to 43.678. Amazon late Tuesday disclosed a $36.7 million stake in quantum computing stock IonQ, which holds an entry point of 48.94.
In Q2 financial results, investors will be focused on revenue growth for quantum computing stocks. In some cases, they will also be looking for smaller losses.
IonQ Revenue Growth To Accelerate
Wall Street analysts expect IonQ to report a loss of 30 cents per share, widening its loss from 18 cents a year earlier. Also, IonQ revenue is expected to grow 52% to $17.3 million. In the September quarter, IonQ revenue is expected to reach $25.6 million.
Rosenblatt Securities in July initiated coverage on IonQ stock with a buy rating.
"We have a high level of confidence that IonQ is well positioned to take its place among the winners, and unlike some early stage competitors," said Rosenbatt analyst Kevin Garrigan in a report.
"IonQ will be exiting 2025 with annualized revenues in excess of $100 million, nearly doubling in 2026, and could well be on track for $1 billion in revenue over the next few years."
While D-Wave turned profitable on an adjusted basis in the March quarter on a one-time revenue pop, it's expected to record a 5-cent loss in Q2, narrowing from a 10-cent loss a year earlier. D-Wave revenue is expected to grow 17% to $2.6 million. In the September quarter, D-Wave revenue will reach $3.2 million, analysts estimate.
Quantum computing works on a subatomic level and uses exotic technologies, like supercold superconductor chips. Further, quantum computing aims to solve problems too complex for today's classical computers, such as simulating chemical reactions. Other applications are expected in material design.
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Rigetti Expected To Post Narrower Loss
D-Wave stands out as the chief developer of one flavor of quantum technology. Founded in 1999 by researchers from the University of British Columbia in Canada, the company pioneered the process called "quantum annealing."
Further, Rigetti is expected to post a 5-cent loss in Q2, improving from a 7-cent loss a year earlier. But the company's revenue will dip 39% to $1.96 million, analysts predict. Rigetti's sales growth is projected to reaccelerate in the September quarter and jump in early 2026.
Lastly, Quantum Computing is expected to post a 6-cent loss per share, the same as a year earlier, with revenue falling 45% to $100 million. Its sales growth is expected to pick up in the September quarter.
Quantum Computing Stocks Volatile In 2025
Meanwhile, a basic options trading strategy around earnings — using call options — allows investors to buy a stock at a predetermined price without taking a lot of risk.
The four public quantum computing companies have raised over $2.4 billion in 2025 through various offerings, with IonQ raking in the most. IonQ has been on an acquisition spree.
Quantum computing stocks have been volatile in 2025 amid a fierce debate over how fast the technology will be commercialized. NvidiaNVDA has offered differing views.
Bank of America recently forecast key advances by 2030 to 2033.
In 2025, D-Wave stock has advanced 118% as of Wednesday's market open. Shares in IonQ are flat. Shares in Rigetti have advanced about 8%. Quantum Computing has edged up about 2%.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
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