Quantum Computing Sector Gaining Momentum
Quantum computing stocks are set to end 2025 on a note that the industry has been eagerly awaiting: genuine contracts, clearer revenue outlooks, and real interest from institutional investors. It seems next year might feature a dual-track market.
Companies like IonQ, D-Wave Quantum, and Rigetti Computing are showing how quantum is progressing from mere potential to actual, scalable projects. They’ve been revealing revenue figures, outlining customer pipelines, and collaborating with government entities, which is a promising sign.
In another noteworthy development, Honeywell‘s Quantinuum recently secured $600 million in funding, now valued at $10 billion. This reflects strong investor faith and hints at an IPO that could change the game for the sector. A June 2025 report from McKinsey highlighted that both private and public investors are increasingly optimistic about Quantum Technology (QT) startups creating real value. Investment in QT startups surged to around $2 billion in 2024, a 50% increase from 2023’s $1.3 billion. This momentum looks poised to grow even more in 2025, signaling a shift toward meaningful commercial adoption.
These trends suggest that we are entering a phase where actual advancements in quantum computing are beginning to outweigh the hype. Real customer contracts, implementation schedules, engineering breakthroughs, and a rising tide of government partnerships are shaping a more pragmatic narrative. The market is starting to distinguish between companies transitioning from pilots to revenues and those still hovering in the realm of potential. As we move into this new, grounded phase, it’s becoming crucial for investors to pay attention—perhaps even maintain a small strategic stake in quantum stocks as the technology inches closer to becoming commercially viable.
I. IonQ
IonQ appears to be the least risky option currently. The company’s third-quarter 2025 revenue jumped by 222% compared to the previous year, with management boosting its revenue forecast for the full year to between $106 million and $110 million, reflecting solid traction in cloud and systems sales. They also achieved a remarkable technological milestone with a two-qubit gate fidelity surpassing 99.99%. Their recent financial backing gives IonQ the ability to execute effectively and convert projects into consistent revenue.
This stock holds a Zacks Rank of #3 (Hold), with anticipated earnings growth of 70.2% in 2026 and a rate of 64.3% overall.
II. D-Wave
D-Wave succeeded in doubling its Q3 2025 revenue year-over-year to $3.7 million, with bookings also showing positive growth. Their focus remains on refining its annealing-first commercial model, driven by enterprise applications in logistics, manufacturing optimization, and hybrid workloads. They are maintaining strong bookings, particularly from repeat customers on the Leap quantum cloud platform, while also enhancing operational efficiencies and boosting gross margins through improved cloud utilization.
This stock also carries a Zacks Rank of #3 and is projected to experience earnings growth of 14.6% in 2026, with a growth rate of 61.3%.
III. Rigetti
Rigetti’s Q3 2025 revenue totaled $1.9 million, indicating its early strides into the market. However, looking at its financials reveals a brighter picture. They ended the quarter with $558.9 million in cash, a figure that swelled to about $600 million by early November following a warrant exercise. This financial cushion provides Rigetti with ample room to pursue its ambitious modular, multi-chip architecture plans, aiming for over 1,000 qubits by 2027. If they can successfully deploy their Ankaa chiplet system and meet scaling goals, there’s substantial potential for the market to reevaluate the company’s stock.
This stock, as well, sits at a Zacks Rank of #3, projecting an impressive earnings growth of 75.9% in 2026, with a stunning growth rate of 185.6%.
