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D-Wave Quantum Inc. (QBTS) has shown significant commercial momentum in 2025, with revenue and gross profit more than doubling year-over-year and cash reserves reaching over $836 million. The company is set to enter 2026 with a projected earnings growth of 7% on a revenue increase of 61.1%, and analysts estimate a 32.9% price target rise from its last close at $29.1.
In contrast, IonQ (IONQ) reported 222% revenue growth in 2025 and is scheduled to deliver its 100-qubit Tempo system in 2026. It is expected to achieve earnings growth of 65.8% and revenue growth of 83.3% in 2026, with price targets increasing by 46.9% from its last closing price of $51.4. IonQ’s cash position is strong at $3.5 billion, allowing for extensive investment in R&D and talent acquisition.
Year-to-date, QBTS stock has surged 227.6%, while IONQ has gained 19.2%. Both companies are navigating unique challenges and opportunities as they approach 2026, with divergent investor sentiment reflected in their stock performances.
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