aebige
Nov 11, 6:06 AM
My 2 c . I’m neither long nor short ..
but not writing it off over one
$1.4M quarter. Would’ve been nice to beat estimates, though. NOTE - a handful of deliveries and customer-acceptance dates drive revenue recognition, so quarterly revenue swings on a small base. 9M revenue is up 110% and already above 2025. The call’s story: 108Q at 99.5% fidelity, 50Q at 99.7%, and a 300+Q target by mid-2028. Analysts, (incl B. Riley after recent target cuts, congratulated the progress) Commerce funding supports the roadmap.
Peer comps are messy: IONQ’s
$173.8M included
$83.5M from SkyWater; QBTS emphasized bookings/RPO while system sales stayed lumpy; much of QUBT’s
$9.5M came from acquired businesses.
AH is already up to 11.80 —interesting, not a confirmed bottom. I feel day’s drop was due tonrhr resukts leaked.
quantum advantage is years away, and the
$20M FY26 outlook depends on C-DAC acceptance. High-risk, long-term bet on milestones, not a near-term earnings trade.
$RGTI $IONQ $QUBT $QBTS
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