Quantum Computing (QUBT) Company Report

ZenaTech (ZENA) initiated the development of a quantum navigation system designed for GPS-denied drone operations, which will initially support its ZenaDrone 1000 for defense applications. This system aims to provide reliable navigation without GPS in contested environments.
The global quantum computing market is projected to grow from approximately USD 1.4 billion in 2025 to nearly USD 19.4 billion by 2035.
Quantum Computing Inc. (QUBT) completed the acquisition of Luminar Semiconductor, Inc. for $110 million, a strategic move expected to add annual revenue and build a vertically integrated photonics and quantum technology platform.
IonQ (IONQ) was awarded a contract under the Missile Defense Agency Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) indefinite-delivery/indefinite-quantity (IDIQ) contract with a ceiling of $151 billion, making it eligible to compete for future task orders.

1 day ago

Press Release

Quantum Computing Inc. Completes Acquisition of Luminar Semiconductor

QUBT

M&A

New Projects/Investments

Revenue Acceleration/Inflection

Quantum Computing Inc. (QUBT) recently announced the completion of acquiring Luminar Semiconductor, Inc. ("LSI").
The acquisition was an all-cash transaction valued at $110 million.
This acquisition is a significant milestone in QCi's strategy to build a vertically integrated, product-driven photonics and quantum technology platform.
The acquisition is expected to add annual revenue to QCi's financial profile.

Feb 17, 2026, 2:00 PM

Press Release

Quantum Computing Inc. Investigation by Johnson Fistel, PLLP

QUBT

Legal Proceedings

Accounting Changes

Johnson Fistel, PLLP is investigating Quantum Computing Inc. (QUBT) officers and directors for alleged breaches of fiduciary duties.
A securities class action complaint alleges QUBT made materially false and misleading statements regarding its business, operations, and prospects.
Specific allegations include overstating the capabilities of its quantum computing technologies, its relationship with NASA, and progress on its TFLN foundry.
The complaint further claims that QUBT's revenues relied, in part, on undisclosed related party transactions.

Feb 5, 2026, 3:49 PM

Press Release

Quantum Computing Inc. Completes Acquisition of Luminar Semiconductor

QUBT

M&A

New Projects/Investments

Revenue Acceleration/Inflection

Quantum Computing Inc. (QCi) completed the acquisition of Luminar Semiconductor, Inc. (LSI) on February 2, 2026.
The all-cash transaction was valued at $110 million, with $97.5 million paid at closing and $11.0 million placed in escrow for indemnification obligations.
This acquisition is expected to strengthen QCi's technology roadmap, advance its position as a vertically integrated provider of photonics and quantum platforms, and add annual revenue.
LSI's capabilities in lasers, detectors, advanced packaging, and manufacturing will be integrated with QCi's thin-film lithium niobate (TFLN) platform to enable chip-scale quantum hardware operating at room temperature.

Feb 3, 2026, 9:11 PM

8-K

Quantum Computing Inc. Completes Luminar Semiconductor Acquisition

QUBT

M&A

New Projects/Investments

Revenue Acceleration/Inflection

Quantum Computing Inc. (QCi) completed the acquisition of Luminar Semiconductor, Inc. (LSI), a subsidiary of Luminar Technologies, Inc., in an all-cash transaction valued at $110 million.
The acquisition is expected to add annual revenue to QCi's financial profile and strengthens its technology roadmap towards becoming a vertically integrated, domestic provider of photonics and quantum platforms.
LSI will operate as a wholly owned subsidiary of QCi, integrating its capabilities in lasers, detectors, packaging, and manufacturing with QCi's thin-film lithium niobate (TFLN) platform to enable end-to-end control of photonic system design and manufacturing.

Feb 2, 2026, 11:20 PM

Press Release

Quantum Computing Inc. selected as stalking horse bidder for Luminar's LiDAR business

QUBT

M&A

New Projects/Investments

Quantum Computing Inc. (QCi) has been selected as the stalking horse bidder for selected assets of Luminar Technologies, Inc.'s LiDAR business, which is undergoing a Chapter 11 bankruptcy process.
QCi's initial bid for these assets is approximately $22 million in cash, subject to a court-supervised auction and potential higher offers.
If approved, the transaction is expected to close in the first quarter of 2026, aiming to expand QCi's photonics capabilities and contribute immediate revenue.

Jan 12, 2026, 1:48 PM

8-K

Quantum Computing Inc. Advances Commercial Platform Strategy with Stalking Horse Bid for Luminar's LiDAR Business

QUBT

M&A

New Projects/Investments

Revenue Acceleration/Inflection

Quantum Computing Inc. (QCi) has been selected as the stalking horse bidder for selected remaining assets of Luminar Technologies, Inc., as part of Luminar's ongoing Chapter 11 process.
QCi's initial bid for Luminar's assets is approximately $22 million, with the transaction anticipated to close in the first quarter of 2026, pending court approval and auction completion.
This proposed acquisition, combined with the previously announced acquisition of Luminar Semiconductor, Inc., is expected to expand QCi's photonics capabilities, contribute immediate revenue, and support its strategy in quantum sensing verticals.

Jan 12, 2026, 1:30 PM

Press Release

D-Wave Agrees to Acquire Quantum Circuits

QUBT

M&A

New Projects/Investments

D-Wave has announced a definitive agreement to acquire Quantum Circuits for $550 million, comprising $300 million in stock and $250 million in cash.
The transaction is expected to close in late January 2026, pending regulatory approvals, specifically filings under the Hart-Scott-Rodino Act and compliance with NYSE requirements.
This acquisition aims to create the industry’s first commercial dual-platform strategy, integrating D-Wave’s annealing systems with Quantum Circuits’ gate-model, dual-rail qubit technology to accelerate the development of error-corrected gate-model processors.
The $300 million stock component of the deal will be issued based on a 10-day volume-weighted average price (VWAP) within a range of $22.30 to $39.03 per share.

Jan 7, 2026, 12:15 PM

Barron's

Quantum Computing Inc. Confirms Dr. Yuping Huang as CEO

QUBT

CEO Change

Management Change

New Projects/Investments

Quantum Computing Inc. (QCi) has confirmed the appointment of Dr. Yuping Huang as its Chief Executive Officer (CEO), effective January 1st, 2026.
Dr. Huang, who has served as QCi's Interim CEO since April 11, 2025, brings over 20 years of leadership in quantum physics and technology.
This appointment is part of QCi's strategy to transition from prototype development and small-batch manufacturing towards industrial-scale manufacturing production of its quantum photonics systems.
Under Dr. Huang's leadership, QCi plans to refine engineering and manufacturing processes, expand Fab 1 operations, and establish Fab 2 to enable volume production.

Dec 17, 2025, 1:30 PM

Press Release

Quantum Computing Inc. to Acquire Luminar Semiconductor for $110 Million

QUBT

M&A

Legal Proceedings

New Projects/Investments

Quantum Computing Inc. (QCi) has entered into an agreement to acquire Luminar Semiconductor, Inc. (LSI), a wholly owned subsidiary of Luminar Technologies, Inc., for $110 million in an all-cash transaction.
The acquisition aims to accelerate QCi's technology roadmap by integrating LSI's core photonic technologies, patents, and experienced team, strengthening QCi's supply chain, and advancing the commercial deployment of quantum systems.
While LSI's parent company, Luminar Technologies, Inc., initiated voluntary Chapter 11 bankruptcy cases on December 15, 2025, LSI is not a debtor and is operating in the ordinary course.
QCi will serve as the proposed stalking horse bidder in a Section 363 sale process, with the transaction requiring bankruptcy court approval, which is anticipated by the end of January 2026.