Which Quantum Computing Stock Has Dominated in 2026: IonQ, Rigetti, or D-Wave?
IonQ is the only pure-play quantum computing stock with a positive year-to-date return as of May 5, up 16%, while Rigetti Computing and D-Wave Quantum are down 10% and 9% respectively. IonQ's strong revenue growth and $19.43 billion market cap have contributed to its outperformance.
Quantum computing stocks surged in midday trading, reigniting debate over which name has delivered for shareholders in 2026. As of the May 5 close, IonQ is the clear year-to-date leader, with shares up 16%. IonQ's Q4 2025 revenue was $61.89 million, beating consensus by 54%, and the company guided to $225 million to $245 million in revenue for 2026. In contrast, Rigetti Computing and D-Wave Quantum are down 10% and 9% year to date, respectively. Rigetti reported Q4 2025 revenue of $1.868 million, missing consensus by 22%, while D-Wave's revenue grew 179% to $24.59 million with an 83% GAAP gross margin. The gap between IonQ and its peers is narrowing as the sector remains sentiment-driven.
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