3 Quantum Computing Stocks With the Most Upside in August
IONQ reported record Q2 revenue of $80M and raised 2026 guidance to $285M. RGTI has the highest analyst upside at 81%. D-Wave's bookings surged to $36M, and AT&T's integration reduced processing time. All three companies are pre-profit and highly valued, with government policy tailwinds. IONQ, RGTI, and D-Wave have shown significant stock price movements and analyst interest.
How this was made
The 30-second read
Why it matters
Earnings beats and raised guidance provide fresh catalysts, while upcoming investor events (IonQ Investor Day) could further influence pricing.
Market read
First‑hand earnings and guidance disclosures for three micro‑cap quantum stocks create actionable trading ideas and sector‑wide momentum.
What to watch
Dilution risk from potential CHIPS Act securities issuance and reliance on future commercial adoption.
Background
The article reviews Q2 earnings and guidance for three pure‑play quantum‑computing companies, highlighting revenue growth, government funding prospects, and commercial partnerships.
Ticker impact
IonQ reported record Q2 revenue of $80M and raised full-year 2026 guidance to $285M, driving a 34.7% price rise.
Potential further rally toward $67 target if guidance holds.
Strong top-line growth and guidance increase investor optimism.
Rigetti posted Q2 revenue of $5.14M, signed a LOI for up to $100M CHIPS Act funding, and its stock closed at $18.67 with 81% implied upside.
Shares may test the $28.8 target if funding materializes.
LOI is non‑binding; upside depends on final contract terms.
D‑Wave reported Q2 revenue of $3.08M, bookings of $35.5M and highlighted AT&T integration cutting processing time to 15 seconds.
Stock could move toward $35 target if bookings convert to revenue.
Revenue miss offsets strong bookings; upside hinges on conversion.
Market effects
Quantum‑computing sector gains visibility from government funding and corporate partnerships.
U.S. tech investors may reallocate capital toward quantum plays.
International interest in quantum hardware could boost related supply chains.
Counterpoint
High beta and negative cash flow make these stocks vulnerable to a risk‑off environment.
Key entities
- companyIonQ
Quantum‑computing firm reporting record Q2 revenue and raised guidance.
- companyRigetti Computing
Quantum‑computing firm with LOI for CHIPS Act funding.
- companyD‑Wave Quantum
Quantum‑annealing company with strong bookings and AT&T partnership.
