ZACKS·2026-03-13 19:00Industry Overview - The quantum computing industry is transitioning from research-led experimentation to early commercialization amid macroeconomic uncertainty and volatile technology spending in 2026 [1] - The global quantum computing market was approximately $0.8 billion in 2025 and is projected to reach around $1.08 billion in 2026, with potential to exceed $16 billion by 2035 as adoption increases in finance, pharmaceuticals, and manufacturing [1] Company Performance - IonQ reported a revenue growth of 202% in 2025 and expects revenues between $225 million and $245 million in 2026, supported by a backlog of $370 million in performance obligations [2][5] - D-Wave Quantum's revenues increased by 179%, with its sales pipeline expanding nearly 1,500% year over year, indicating strong enterprise demand for quantum computing solutions [2][10] - Rigetti Computing is advancing its superconducting roadmap, targeting a deployment of a 108-qubit system in 2026 and a 150+ qubit system by year-end, backed by approximately $590 million in cash [3][14] Technological Advancements - Current quantum machines operate in the NISQ (Noisy Intermediate-Scale Quantum) era, with 50–1,000 qubits, focusing on hybrid classical-quantum workflows while researchers aim to reduce error rates and develop fault-tolerant systems [4] - IonQ plans to demonstrate a 256-qubit sixth-generation quantum computer in 2026 and is pursuing the acquisition of SkyWater Technology to enhance semiconductor manufacturing capabilities [6][5] - Rigetti is focusing on modular chiplet-based designs to enable larger and more scalable processors, with a contract to deliver a 108-qubit quantum computer to India's Centre for Development of Advanced Computing [14][15] Growth Outlook - IonQ is expected to report earnings growth of 13.7% on revenue growth of 82.3% in 2026 [7] - D-Wave is projected to achieve earnings growth of 68.5% on revenue growth of 79.3% in 2026, despite risks associated with its small revenue base and dependency on large contracts [11] - Rigetti anticipates earnings growth of 73.4% on revenue growth of 254.7% in 2026, driven by ongoing hardware innovation and software integration [15]