This article discusses three companies actively operating in the quantum computing sector and their expectations regarding earnings reports that may impact their stocks.
IonQ, Inc.
IonQ, a public quantum company, has developed a unique Evaporated Glass Trap (EGT) chip to enhance qubit coherence. The combination with ytterbium atoms allows it to operate at room temperature, eliminating the need for complex cooling. IonQ aims to integrate quantum systems with classical ones, making the technologies practically applicable.
For the first quarter of 2025, IonQ reported a cash balance of $697.1 million but incurred a loss of $32.3 million. The company’s stocks have increased by 0.21% over the year and are currently priced at $43.19 against a 52-week average of $27 per share. The quarterly report for IonQ is expected on August 6.
D-Wave Quantum Inc.
D-Wave Quantum, a prominent player in quantum technologies, focuses on quantum annealing, which is applicable for optimization. In Q1 2025, D-Wave reported a 509% revenue increase, reaching $15 million, despite a net loss of $5.4 million. The stock value of D-Wave has risen by 92% this year and is currently priced at $18.47, slightly above the Wall Street target of $17.25. The Q2 2025 report is anticipated on August 7.
Honeywell International Inc.
Honeywell is viewed as a safer choice for investors seeking exposure to quantum technologies. The company actively participates in U.S. Department of Defense programs and was recently selected for a quantum sensors program. In 2024, Honeywell Quantum Solutions merged with Cambridge Quantum to form Quantinuum. Honeywell shares currently trade at $225, with a Wall Street price target forecast of $251.91.
Quantum technology companies continue to evolve, and the upcoming financial reports could significantly impact their stocks. Investors are closely monitoring results that may affirm or refute their strategies.
