This article first appeared on GuruFocus.
Oct 21 – Public investors are gaining more access to quantum technology as the field progresses from laboratory testing to initial commercial use, according to a report from Quantum Insider.
The market remains small but is becoming more organized, the report said.
Quantum Insider categorized listed players into four segments: hardware makers, post-quantum security firms, software developers, and large technology companies that include quantum research within broader innovation efforts.
Among hardware-focused firms, IonQ (NYSE:IONQ), D-Wave Quantum (NYSE:QBTS), Rigetti Computing (NASDAQ:RGTI), and Quantum Computing Inc. (NASDAQ:QUBT) lead the group. IonQ posted $20.7 million in second-quarter revenue and expects $82 million to $100 million for the full year, supported by about $1.6 billion in cash. D-Wave holds $304 million, Rigetti $571 million, and Quantum Computing Inc. $349 million. All remain pre-profit as they fund research.
In security, SEALSQ Corp (NASDAQ:LAES) and BTQ Technologies (NASDAQ:BTQ) market encryption systems designed to withstand quantum attacks.
The report added that combined hardware revenue is only about $40 million annually, yet large cash reserves, government support, and early enterprise trials continue to attract investor attention as quantum computing edges toward real-world adoption.
