D-Wave Soars 14% in a Week, Rigetti Up 22%, IonQ Up 25% on IonQ’s Raised Guidance
D-Wave Quantum (QBTS) rose 14% last week, alongside IonQ (IONQ) and Rigetti (RGTI), after IonQ beat estimates and raised 2026 revenue guidance. D-Wave's Q3 revenue beat estimates but needs $32M in Q4 to meet 2026 consensus. IonQ owns SkyWater, a key supplier for D-Wave.
How this was made
The 30-second read
Why it matters
The new guidance suggests accelerated revenue growth, likely driving short‑term buying pressure across quantum peers.
Market read
IonQ's strong quarter and raised outlook act as a catalyst for the broader quantum computing sector.
What to watch
Potential supply‑chain constraints at SkyWater and macro‑tech spending cycles could temper upside.
Background
IonQ's earnings beat and guidance raise lifted peer quantum stocks, prompting a sector rally.
Ticker impact
IonQ reported Q3 revenue beat and raised its 2026 revenue guidance to $505‑$515M, above consensus.
upward pressure as investors price in higher future revenue
The new guidance is materially above expectations and is the first report of this lift.
D‑Wave shares jumped 14% in the week as a spillover from IonQ's earnings beat and guidance raise.
potential upside as market attributes IonQ's success to D‑Wave's supply chain
The move is driven by external catalyst rather than D‑Wave's own results.
Rigetti rose 22% in the same week, lifted by the broader quantum‑computing rally.
moderate upside as investors rotate into quantum peers
No direct news for Rigetti; price move is secondary to IonQ's performance.
Market effects
Quantum‑computing sector sees renewed investor interest after IonQ's beat.
North American tech markets may see modest gains in related hardware stocks.
Highlights growing commercial demand for quantum technologies worldwide.
Counterpoint
The guidance raise may be overly optimistic given the nascent market for quantum services.
Key entities
- companyIonQ
Quantum computing firm reporting earnings and guidance.
- companyD‑Wave Quantum
Quantum hardware provider benefiting from sector sentiment.
- companyRigetti Computing
Quantum computing startup gaining from market rally.
