Quantum computing stocks continue to be volatile heading into third-quarter earnings reports. The companies are still unprofitable for the most part as they aim to advance the technology. IonQ (IONQ) reports earnings after the market close on Wednesday.
Meanwhile, D-Wave Quantum (QBTS) reports early on Nov. 6. Rigetti Computing (RGTI) reports on Nov. 10, with Quantum Computing (QUBT) due on Nov. 14.
In Q3 financial results, investors will be focused on revenue growth for quantum computing stocks. In some cases, they will also be looking for smaller losses.
IonQ Acquisition Spree
Wall Street analysts expect IonQ to report a loss of 44 cents per share, widening its loss from 26 cents a year earlier amid the company’s acquisition spree. Also, IonQ revenue is expected to grow 5118% to $27 million.
While D-Wave turned profitable on an adjusted basis in the March quarter on a one-time revenue pop, it’s expected to record a 6-cent loss in Q2, narrowing from a 10-cent loss a year earlier. D-Wave revenue is expected to grow 62% to $3 million.
Quantum computing works on a subatomic level and uses exotic technologies, like supercold superconductor chips. Further, quantum computing aims to solve problems too complex for today’s classical computers, such as simulating chemical reactions. Other applications are expected in material design.
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D-Wave stands out as the chief developer of one flavor of quantum technology. Founded in 1999 by researchers from the University of British Columbia in Canada, the company pioneered the process called “quantum annealing.”
Further, Rigetti is expected to post a 5-cent loss in Q3, improving from an 18-cent loss a year earlier. But the company’s revenue will dip 9% to $2.2 million, analysts predict.
Lastly, Quantum Computing is expected to post a 6-cent loss per share, the same as a year earlier, with revenue rising 16% to $100 million.
Quantum Computing Stocks Volatile In 2025
Meanwhile, a basic options trading strategy around earnings — using call options — allows investors to buy a stock at a predetermined price without taking a lot of risk.
Quantum computing stocks have been volatile amid uncertainty over commercialization and competition from tech industry giants. Cisco Systems (CSCO), for example, is pushing into quantum networking, taking on IonQ and others.
Nvidia (NVDA) has offered differing views. Also, quantum computing stocks sometimes appear to trade in sympathy with speculative artificial intelligence infrastructure stocks.
In 2025, D-Wave stock has advanced 341% as of Oct. 31. Shares in IonQ are up 49%. Shares in Rigetti have advanced about 190%. Quantum Computing is about flat.
Also, Nvidia’s long-range strategy recently again spooked quantum investors. Nvidia stock has gained 46% in 2025.
After a recent sell-off, D-Wave, IonQ and Rigetti found key support and are rebounding. Quantum Computing is trying to steady.
Quantum Stocks Have Very High ATRs
Meanwhile, investors should pay attention to the average true range metric of quantum computing stocks.
Available on IBD MarketSurge, the average true range gauges the characteristic breadth of a stock’s behavior. Stocks with a high ATR tend to make large price moves that can trigger sell rules. Stocks with lower ATRs tend to make more incremental moves.
IBD suggests buying stocks with ATRs of up to 8%.
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As it stands, IonQ has an ATR rating of 9.67%, the lowest among quantum computing stocks. Rigetti’s ATR rating comes in at 13.21%, while D-Wave’s is 14.02%. Quantum Computing’s ATR rating also is high at 11.84%.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
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