D-Wave Quantum Inc. (QBTS)
| Market Cap | 7.53B +30.4% |
| Revenue (ttm) | 12.43M -44.2% |
| Net Income | -248.70M |
| EPS | -0.69 |
| Shares Out | 372.44M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 11,097,713 |
| Open | 20.26 |
| Previous Close | 20.19 |
| Day's Range | 19.79 - 20.54 |
| 52-Week Range | 12.75 - 46.75 |
| Beta | 2.16 |
| Analysts | Strong Buy |
| Price Target | 35.25 (+74.25%) |
| Earnings Date | Aug 6, 2026 |
About QBTS
D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company’s server. The company al... [Read more]
Financial Performance
In 2025, D-Wave Quantum's revenue was $24.59 million, an increase of 178.54% compared to the previous year's $8.83 million. Losses were -$355.06 million, 146.8% more than in 2024.
Financial StatementsAnalyst Summary
According to 16 analysts, the average rating for QBTS stock is "Strong Buy." The 12-month stock price target is $35.25, which is an increase of 74.25% from the latest price.
News
U.S. Lawmakers Push for 68% Quantum Defense Spending Boost as China Race Heats Up
U.S. lawmakers are pushing for a sharp increase in military spending on quantum technology, giving companies such as IonQ Inc. ($IONQ), D-Wave Quantum Inc. ($QBTS), and Rigetti Computing Inc. ($RGTI)…
D-Wave Quantum to Participate in Upcoming Investor Conferences
PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NASDAQ: QBTS), (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model systems, s...
Quantum Computing Stocks Jump as Washington Eyes a 68% Funding Increase
U.S. lawmakers are pushing to spend much more on quantum computing as the race with China becomes more serious. As a result, shares of Rigetti Computing ($RGTI), D-Wave Quantum ($QBTS),…
D-Wave Quantum price target lowered to $30 from $40 at Roth Capital
Roth Capital analyst Suji Desilva lowered the firm’s price target on D-Wave Quantum (QBTS) to $30 from $40 and keeps a Buy rating on the shares. D-Wave Quantum reported growing…
D-Wave Quantum price target lowered to $35 from $41 at Canaccord
Canaccord lowered the firm’s price target on D-Wave Quantum (QBTS) to $35 from $41 and keeps a Buy rating on the shares. The firm said its Q2 print was ultimately…
D-Wave Quantum price target lowered to $40 from $45 at Jefferies
Jefferies lowered the firm’s price target on D-Wave Quantum (QBTS) to $40 from $45 and keeps a Buy rating on the shares. D-Wave missed June quarter revenue estimates, but the…
D-Wave Quantum price target lowered to $30 from $40 at Roth Capital
Roth Capital analyst Suji Desilva lowered the firm’s price target on D-Wave Quantum (QBTS) to $30 from $40 and keeps a Buy rating on the shares following the Q2 report.
D-Wave Quantum price target lowered to $35 from $41 at Canaccord
Canaccord analyst Kingsley Crane lowered the firm’s price target on D-Wave Quantum (QBTS) to $35 from $41 and keeps a Buy rating on the shares.
Why is D-Wave stock falling 5% today?
D-Wave Quantum shares QBTS fell about 5% on Thursday after the quantum computing company reported second-quarter revenue and earnings that missed Wall Street expectations, overshadowing a sharp increa...
D-Wave (QBTS) Stock Sinks 13% as Wider Losses Overshadow Its $40.7 Million Backlog
D-Wave Quantum Inc. ($QBTS), a quantum computing company that sells annealing and gate-model systems, reported a second quarter that supported its commercial growth story but also showed how expensive...
D-Wave Quantum Earnings Call Transcript: Q2 2026
Revenue was flat year-over-year at $3.1M in Q2, but bookings surged 59% and commercial customer mix expanded. Peer-reviewed research validated technical leadership, and six customer applications are now in production. Cash reserves remain strong after the Quantum Circuits acquisition.
D-Wave Quantum Earnings release: Q2 2026
D-Wave Quantum released its Q2 2026 earnings on August 6, 2026, summarizing the period's financial results.
D-Wave Quantum Slides: Q2 2026
D-Wave Quantum has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 6, 2026.
D-Wave Quantum Quarterly report: Q2 2026
D-Wave Quantum has published its Q2 2026 quarterly earnings report on August 6, 2026.
Why D-Wave Quantum Stock Is Sliding After Earnings Reveal a 1,120% Surge in Bookings
D-Wave Quantum posts lower-than-expected revenue in its latest quarter, even as the number of revenue-generating customer orders soars.
D-Wave (QBTS) Stock Crashes after Earnings as Wider Losses Outweigh a $40.7 Million Backlog
D-Wave Quantum Inc. ($QBTS), a quantum computing company focused on annealing and gate-model systems, fell about 10% after its second-quarter report failed to convince investors that its growing backl...
D-Wave Quantum reports Q2 EPS (13c), consensus (9c)
Reports revenue $3.1M, consensus $4.03M. Bookings for the second quarter of 2026 were $2.1 million, an increase of $0.8 million, or 59%, from the second quarter of 2025 Bookings of…
D-Wave Q2 Earnings Preview: Can QBTS Stock Build on Its Breakout Quarter?
D-Wave Quantum Inc. ($QBTS) heads into its second-quarter earnings report after a quarter that put the quantum computing company on a much bigger stage. Record bookings, a fast-growing backlog, an…
D-Wave Reports Second Quarter 2026 Results
PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NASDAQ: QBTS) (“D-Wave” or the “Company”), the only dual-platform quantum computing company, providing both annealing and gate-model systems, s...
D-Wave’s Quantum Breakthrough Adds a Tailwind for QBTS Stock Ahead of Q2 Earnings
D-Wave Quantum Inc. ($QBTS) is carrying some good news into its second-quarter earnings report after publishing research that supports its path toward building a practical, fault-tolerant quantum comp...
What Is Driving D-Wave Quantum Stock Up 16% Right Before Its Big Earnings Report?
D-Wave Quantum ($QBTS) shares jumped over 16% over the past five trading days, carrying the stock up to $21.60. Buying interest grew fast as investors pointed to new business deals…
D-Wave Demonstrates Major Hardware Breakthrough for Quantum Error Correction, Advancing the Path to Practical, Fault-Tolerant Gate-Model Quantum Computing
PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (Nasdaq: QBTS), (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model systems, s...
Quantum Stocks at a Turning Point: QBTS vs. RGTI Ahead of Earnings
Quantum computing companies Rigetti Computing ($RGTI) and D-Wave Quantum ($QBTS) will report their fiscal second-quarter results tomorrow, August 6. Both stocks have pulled back sharply this year, and...
D-Wave and Nasdaq Verafin Announce Agreement for Quantum Computing Application Development
PALO ALTO, Calif. & NEW YORK--(BUSINESS WIRE)--D-Wave Quantum Inc. (NASDAQ: QBTS), (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model...
Quantum's ‘Tipping Point': Why IonQ, D-Wave, and Rigetti Stocks Are Buys
Benchmark analyst Gary Mobley projects the quantum industry should generate roughly $1.5 billion in revenue in 2026.