Quantum Computing Stocks: Third Quarter Earnings Preview

Quantum computing stocks remain volatile as third-quarter earnings reports approach. The companies are still mostly unprofitable because they aim to develop technology. Ion Q (IONQ) announces its earnings after the market close on Wednesday.

Meanwhile, D-wave quantum (QBTS) reports early on November 6. Righetti Computing (RGTI) reports on November 10, with Quantum computing (QUBT) scheduled for November 14.

In the third-quarter financial results, investors will focus on quantum computing stock’s revenue growth. In some cases, they will also look for smaller losses.

IonQ acquisition spree

Wall Street analysts expect IonQ to report a loss of 44 cents per share, widening its loss from 26 cents a year earlier amid the company’s takeover spree. IonQ’s revenues are also expected to grow 5,118% to $27 million.

While D-Wave turned profitable on an adjusted basis in the March quarter thanks to a one-time revenue spike, it is expected to post a loss of 6 cents in the second quarter, narrowing from a loss of 10 cents a year earlier. D-Wave revenue is expected to grow 62% to $3 million.

Quantum computing operates at the subatomic level and uses exotic technologies, such as ultracold conductor chips. Furthermore, quantum computing aims to solve problems that are too complex for today’s classical computers, such as simulating chemical reactions. Other applications in material design are expected.

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D-Wave stands out as a major developer of one flavor of quantum technology. Founded in 1999 by researchers from the University of British Columbia in Canada, the company pioneered a process called “quantum annealing.”

Furthermore, Rigetti is expected to report a loss of 5 cents in the third quarter, improving from a loss of 18 cents a year earlier. But the company’s revenue will fall 9% to $2.2 million, analysts expect.

Finally, Quantum Computing is expected to report a loss of 6 cents per share, the same number as the previous year, with revenue rising 16% to $100 million.

Quantum computing stocks are volatile in 2025

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Quantum computing stocks have been volatile amid uncertainty over commercialization and competition from tech industry giants. Cisco Systems (CSCO), for example, is moving into quantum networking, competing with IonQ and others.

Nvidia (NVDA) provided different viewpoints. Also, quantum computing stocks sometimes appear to be trading in sympathy with speculative AI infrastructure stocks.

In 2025, D-Wave stock is up 341% as of October 31st. IonQ shares rose 49%. Shares in Rigetti advanced about 190%. Quantum computing is about flat.

Also, Nvidia’s long-term strategy has recently raised concerns among quantitative investors once again. Nvidia stock is up 46% in 2025.

After the recent sell-off, D-Wave, IonQ, and Rigetti found key support and rebounded. Quantum computing is trying to stabilize.

Quantum stocks have very high ATRs

Meanwhile, investors should pay attention to the average true range of the quantum computing stock gauge.

Available on IBD MarketSurge, the Average True Range measures the distinct range of a stock’s behavior. Stocks with a high ATR tend to make big price movements that can trigger sell rules. Stocks with lower ATRs tend to make more gradual moves.

IBD suggests buying stocks with ATRs up to 8%.

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Currently, IonQ has an ATR of 9.67%, the lowest among quantum computing stocks. Rigetti’s ATR comes in at 13.21%, while D-Wave’s comes in at 14.02%. Quantum Computing’s ATR is also high at 11.84%.

Follow Reinhardt Krauss on X, formerly Twitter, @reinhardtk_tech For updates on artificial intelligence, cybersecurity, and cloud computing.

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