MS · News · 20261015N

Quantum Computing Market Outlook

MORGAN STANLEY · 2026-10-15 · Importance 48 · Surprise 64

Morgan Stanley estimated that the quantum-computing market could exceed $100 billion annually by 2040. The firm upgraded Quantinuum to Overweight and set a $62 price target, identifying it as its top quantum-computing pick. Morgan Stanley analysts projected Quantinuum revenue could increase from $270 million in 2028 to $2 billion in 2030, with 2027 described as a critical year for next-generation hardware milestones. The outlook reflects a strategic research and capital-markets opportunity rather than a disclosed Morgan Stanley revenue commitment.

Key facts

• Morgan Stanley analysts expect Quantinuum's revenue to grow to $2 billion by 2030 from $270 million in 2028, and view 2027 as a critical year for the industry due to next-generation hardware milestones. source
• Morgan Stanley estimates the quantum computing market could exceed $100 billion per year by 2040. source