Quantum Computing Stocks Volatile Ahead of Q3 Earnings Reports

Quantum computing stocks are displaying notable volatility as they approach their third-quarter earnings reports. According to Business Daily, IonQ is set to release its earnings after market close on Wednesday, while D-Wave Quantum will follow with its report on November 6.

Rigetti Computing and Quantum Computing are expected to report on November 10 and November 14, respectively. Despite the excitement surrounding advancements in the technology, most quantum computing companies remain unprofitable as they strive for market breakthroughs.

The Department of Energy recently announced a significant funding boost of six hundred twenty-five million dollars to support five established quantum research centers, with each center set to receive one hundred twenty-five million dollars over the next five years.

These centers include Brookhaven, Fermi, Argonne, Lawrence Berkeley, and Oak Ridge National Laboratories, the latter being a partner of IonQ. Wall Street analysts predict that IonQ will report a loss of forty-four cents per share, which is an increase from twenty-six cents a year prior, although revenue is expected to surge one hundred eighteen percent to twenty-seven million dollars.

D-Wave, on the other hand, is anticipated to narrow its losses to six cents per share, improving from a ten-cent loss last year, with revenues expected to grow by sixty-two percent to three million dollars.

Recently, D-Wave announced that one of its quantum computers is now operational at Davidson Technologies, exploring potential applications in military logistics and artificial intelligence. Rigetti is expected to report a loss of five cents per share, with revenue projected to dip nine percent to two point two million dollars.

Quantum Computing is predicted to maintain its six-cent loss per share, with revenue rising sixteen percent to one hundred million dollars. The volatility of quantum computing stocks is compounded by competition from major tech firms like Cisco, which is venturing into quantum networking.

Moreover, speculative trading in related artificial intelligence infrastructure stocks adds another layer of uncertainty. As of October 31, D-Wave stock has surged three hundred forty-one percent in 2025, while IonQ's shares are up forty-nine percent.

Rigetti has seen a one hundred ninety percent increase, with Quantum Computing seeing little change. In a further development, Xanadu, a photonic quantum computing firm, announced plans to go public via a SPAC deal, targeting a valuation of three point six billion dollars.

The transaction is expected to close in early 2026, with Xanadu aiming to raise nearly five hundred million dollars. Xanadu's photonic quantum computers offer several advantages over traditional systems, emphasizing scalability and compatibility with existing telecommunications infrastructure.

Investors are advised to monitor the average true range metric for quantum stocks, which indicates the stock's price volatility. IonQ has the lowest average true range at nine point six seven percent, while Rigetti's stands at thirteen point twenty-one percent.

D-Wave has the highest at fourteen point zero two percent, underscoring the high volatility in this emerging technology sector. As the earnings reports approach, investors remain focused on revenue growth and the potential for narrowing losses across the board.