Quantum Computing Inc. (NASDAQ: QUBT) confirmed that Dr. Yuping Huang will become its permanent chief executive officer effective January 1, 2026, after serving as interim CEO since April 11, 2025.
Dr. Huang brings more than two decades of quantum physics leadership, having led research programs funded by DARPA, NSF, the Department of Defense and NASA. His academic background includes a PhD in quantum AMO physics and prior faculty positions at Northwestern University and Stevens Institute of Technology.
The appointment underscores QUBT’s strategic pivot from prototype development to industrial‑scale manufacturing of room‑temperature photonic quantum systems. The company’s newly completed foundry in Tempe, Arizona, began operations in May 2025 and is now the core of its manufacturing strategy.
QUBT’s most recent quarterly results showed revenue of $384,000 and earnings per share of $0.01, beating the consensus estimate of $‑0.06 by $0.07. The beat was driven by disciplined cost management, which kept operating expenses at $10.5 million—down from $5.4 million in the same quarter a year earlier—while the company maintained a modest revenue increase from the prior year.
Liquidity remains strong, with cash and investments exceeding $1.5 billion as of mid‑November 2025. The company is also pursuing the acquisition of Luminar Semiconductor for $110 million, a transaction that is pending court approval as part of Luminar Technologies’ Chapter 11 proceedings. In addition, QUBT has secured NASA contracts for quantum sensing solutions, further diversifying its revenue base.
Investors reacted positively to the CEO appointment, though concerns about the company’s valuation and long‑term profitability persist. The announcement signals confidence in the company’s ability to scale its technology and move toward commercial viability.
"As we move from prototype development to manufacturing, I’m excited to lead QUBT in making practical, scalable quantum photonics technology accessible to a wide range of industries," said Dr. Huang. "Our focus on manufacturing will accelerate the transition from research to market, delivering real‑world impact across telecommunications, finance, AI, defense and environmental sectors."
"Dr. Huang’s experience in both laboratory and business environments will guide QUBT’s growth as we position quantum computing at the center of future technologies," added Robert Fagenson, vice chairman of the board.
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