The quantum computing industry is currently generating $1 billion in revenue, but this figure could skyrocket to $198 billion by 2040, according to a recent report by Jefferies.

Jefferies Sees Early-Stage Quantum Growth

Jefferies analysts, led by Kevin Garrigan, have initiated coverage of the quantum computing industry, identifying a potential “total addressable market” of up to $198 billion by 2040, reported Fortune.

See Also: Mark Cuban Says Healthcare Is Broken When Doctors Can’t Take Wednesdays Off To Golf. A Healthy System Used To Make That Possible

Quantum Computing, The Next AI?

D-Wave, IonQ Beat Revenue Estimates

D-Wave Quantum reported Q3 results showing 100% revenue growth to $3.8 million, GAAP gross profit up 156% to $2.7 million with a 71.4% gross margin, and bookings rising 80% quarter-over-quarter to $2.4 million.

Meanwhile, IonQ reported Q4 revenue of $39.9 million, surpassing the $27 million analyst estimate by 47.8%, and raised its full-year 2025 revenue guidance to $106–110 million, above both its previous range of $82–100 million and the $91.3 million analyst consensus.

Price Action: On a year-to-date basis, D-Wave Quantum and IonQ surged 165.56% and 15.24%, respectively, as per Benzinga Pro.

READ NEXT:

• Michael Saylor Says Quantum Computing Will Make Bitcoin ‘Stronger,’ Not Break It — What’s His Reasoning?

Image via Shutterstock

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.