A quantum watcher’s guide to earnings season

It’s that silly season again, by which I mean not Halloween nor the pre-Halloween encroachment of Christmas, but earnings season. Many public companies are reporting their latest quarterly earnings between mid-October and December, and a handful of them are relevant to the quantum sector.

The latest round of earnings reports come at an eventful time for publicly-traded quantum companies, as the recent buying boom that pushed these stocks into the stratosphere through September and early October has lost its energy, sending them into a tailspin over the last week. Many quantum companies will readily admit they are still building up toward better days, but suddenly more people are watching them than ever for signs of progress.

So, who will come out of earnings season feeling more confident-the quantum bulls or the quantum bears? Here’s a quick look at key earnings dates, companies, and what to look and listen for:

Oct. 22: IBM reports Q3 2025 earnings. IBM is of course not a “pure play” quantum technology company, but quantum could get a mention or two, especially if earnings call participants ask about quantum computing bookings and revenue, or choose to further probe recent developments like IBM’s quantum-focused partnership with AMD, and its algorithmic bond trading demonstration with HSBC.