Quantum Computing Inc. (QUBT), also known as QCI, has signed a $110 million agreement to buy Luminar Semiconductor, a unit of Luminar Technologies Inc. (LAZR). The deal is an all-cash transaction and still needs approval from the U.S. bankruptcy court. The companies expect it to close by the end of January 2026.
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Luminar Technologies has filed for Chapter 11 bankruptcy, but its subsidiary, Luminar Semiconductor, is not part of the filing. This allows it to continue operating while the court oversees the sale. QCI has been named the stalking horse bidder, which gives it a lead position in the sale process and certain protections if another buyer steps in.
Meanwhile, QUBT shares declined 9.46% on Monday, closing at $10.91. After the November sell-off in quantum stocks, QUBT stock rebounded slightly in early December, only to plunge again.
Adding Photonics Talent and Technology
The acquisition is meant to support QCI’s goal of building practical quantum systems. Luminar Semiconductor manufactures photonic components considered essential to these systems. These parts help move and process data using light instead of electricity.
Along with the technology, QCI will gain patents and a team of engineers and scientists. That team is expected to help speed up the company’s product plans. The deal also strengthens the supply chain and adds workforce depth, especially in engineering roles.
Two-Track Revenue Strategy
After the deal closes, QCI plans to focus on two revenue streams. First, it will continue to serve Luminar Semiconductor’s current photonics customers, who are not part of the quantum sector. Second, it will use the newly acquired parts and know-how to build and sell future quantum products.
Leadership at both companies expressed confidence in the transaction. QCI said it will invest in research, product development, and manufacturing at Luminar Semiconductor. It also plans to offer good compensation to employees who choose to stay with the company.
Luminar Technologies said the sale gives Luminar Semiconductor a clear path forward. It noted that the mix of capabilities from both companies should help bring new photonics and sensing tools to market faster.
If approved, the deal will mark a step forward for Quantum Computing Inc. as it works to build compact and integrated quantum systems.
Is QUBT a Good Stock to Buy?
On the Street, QCI holds a Moderate Buy consensus, based on only two ratings. The average QUBT stock price target is $28, implying a 156.65% upside from the current price.
