Quantum Computing (QUBT) Company Report

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.

1 day ago

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.

2 days ago

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.

Dec 15, 2025, 10:06 PM

8-K

Quantum Computing Inc. to Acquire Luminar Semiconductor

QUBT

M&A

New Projects/Investments

Legal Proceedings

Quantum Computing Inc. (QCi) has signed an agreement to acquire Luminar Semiconductor, Inc. (LSI), a wholly owned subsidiary of Luminar Technologies, Inc., in an all-cash transaction valued at $110 million.
The acquisition is expected to accelerate QCi's technology roadmap, strengthen its supply chain, and enhance its engineering capabilities by integrating LSI's photonic technologies, patents, and team.
The transaction requires the approval of the bankruptcy court, as LSI's parent company, Luminar, has initiated voluntary chapter 11 cases, with QCi acting as the proposed stalking horse bidder.
The parties anticipate closing the transaction by the end of January 2026, subject to customary closing conditions and bankruptcy court approval.

Dec 15, 2025, 4:40 PM

Press Release

Quantum Computing Inc. to Unveil Neurawave Photonics-Based Reservoir Computer

QUBT

Product Launch

New Projects/Investments

Quantum Computing Inc. (QCi) will debut Neurawave, a new photonics-based reservoir computing system, at SuperCompute25 from November 18–20, 2025.
Neurawave is a PCIe-based platform that integrates optical computing with digital electronics, offering a scalable, energy-efficient solution for high-performance applications, particularly edge-AI use cases such as signal processing and pattern recognition.
This launch represents a significant milestone in QCi's technology roadmap, moving its innovation towards deployable, real-world systems that operate at room temperature with a compact design.

Nov 17, 2025, 12:00 PM

Press Release

Quantum Computing Inc. Reports Q3 2025 Financial Results and Strategic Progress

QUBT

Earnings

New Projects/Investments

M&A

Quantum Computing Inc. (QUBT) reported Q3 2025 revenue of $384,000, an increase from $101,000 in Q3 2024, and achieved net income of $2.4 million, or $0.01 per share, compared to a net loss of $5.7 million in the prior year period.
The company significantly strengthened its balance sheet, raising $500 million in equity financing during Q3 2025 and an additional $750 million subsequent to the quarter in October. This resulted in cash and cash equivalents of $352 million and investments of $460 million at the end of Q3 2025.
QUBT is advancing its manufacturing strategy with Fab 1 fully operational for small-scale production and planning for Fab 2 to support higher volume manufacturing of thin-film lithium niobate photonic chips.
Commercial momentum includes recording revenue from the NASA LIDAR initiative and completing a transaction with a major U.S. financial institute for quantum AI and security platforms. The company also continues to evaluate acquisition opportunities to accelerate its vision and technology roadmap.