Better Quantum Computing Stock to Buy in 2026: IonQ vs. D-Wave Quantum

• IonQ’s rapidly scaling gross basal and contracted backlog are coagulated positives for the company.

• D-Wave Quantum’s quantum annealing exertion has demonstrated applicability successful real-world usage cases.

• Both stocks are trading astatine highly affluent valuations.

• 10 stocks we similar amended than IonQ ›

Quantum computing is advancing gradually from world pursuit to aboriginal commercialization, and according to the marketplace probe steadfast The Quantum Insider, betwixt present and 2035, the exertion could adhd much than $1 trillion to the satellite economy.

However, advancement successful this tract does not impact conscionable gathering much qubits. The biggest challenges successful quantum computing are associated with reducing errors, correcting errors, and improving reliability, scalability, and deployability. This, of course, indispensable each beryllium done portion besides controlling costs and managing powerfulness usage.

Quantum computing with adjacent a tiny fig of genuinely entangled qubits (a multi-qubit authorities wherever idiosyncratic qubits bash not person autarkic states) tin beryllium acold superior to classical computers successful simulating complexity and ranges of possibilities. This is precisely wherefore governments and enterprises person been investigating quantum approaches to solving unusually analyzable problems that are beyond the capableness of accepted supercomputers.

Currently, astir advancement toward the commercialization of quantum computing has been made done cloud-based and hybrid workflows -- successful different words, quantum computing combined with classical computing -- alternatively than standalone quantum computing systems. To capitalize connected this opportunity, galore investors are assessing 2 pure-play quantum computing stocks that person been dominating the headlines: IonQ (NYSE: IONQ) and D-Wave Quantum (NYSE: QBTS).

Which 1 is simply a amended buy? Let's find out.

IonQ is rapidly scaling its business, arsenic evidenced by its 222% year-over-year gross maturation to $39.9 cardinal successful the 3rd quarter. Management present expects 2025 revenues to beryllium successful the scope of $106 cardinal to $110 million, up from its erstwhile guidance scope of $82 cardinal to $100 million. IonQ besides exited the 4th with remaining show obligations (a measurement of contracted backlog) of $141.1 million, offering awesome visibility into its aboriginal revenues.

The institution besides boasts a beardown equilibrium sheet, with a pro forma currency equilibrium of $3.5 cardinal (as of Oct. 14) and nary debt. Hence, portion the institution is not yet profitable, it does not look near-term backing risks.

IonQ builds universal, gate-based quantum computers, which usage sequences of quantum gates to execute calculations utilizing trapped-ion qubits -- charged atoms held successful spot with electromagnetic fields. The institution has already achieved 99.99% two-qubit gross fidelity, meaning that its calculations involving 2 qubits are close 99.99% of the time.