D Wave Quantum Inc (QBTS)

Currency in USD
19.405
-1.985(-9.28%)
Closed·
19.420+0.015(+0.08%)
·
Earnings results expected today
QBTS is not included in our AI-picked strategies. See which stocks are.
Fair Value
Day's Range
18.33020.590
52 wk Range
12.75046.750
Key Statistics
Prev. Close
21.39
Open
18.44
Day's Range
18.33-20.59
52 wk Range
12.75-46.75
Volume
23.39M
Average Volume (3m)
30.35M
1-Year Change
10.3811%
Book Value / Share
3.04
Fair Value
unlockUnlock
Fair Value Upside
unlockUnlock
QBTS Scorecardpro icon
Company’s Health
Unlock
Fair Value
Unlock Price
Fair Price
Upside
Price Target
37.052
Upside
+90.94%
Members' Sentiments
Bearish
Bullish
ProTips
Analysts anticipate sales growth in the current year

D Wave Quantum Inc News & Analysis

Show more

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Strong Sell
Moving Averages
Sell

Analyst Ratings

14 Buy
1 Hold
0 Sell
Ratings:
15 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 37.052
(+90.94% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Wedbush
Buy40.00+106.13%-New CoverageAug 03, 2026
Rosenblatt
Buy43.00+121.59%-MaintainJul 28, 2026
Stifel
Buy35.00+80.37%-MaintainJul 27, 2026
Benchmark
Buy30.00+54.60%-New CoverageJul 27, 2026
Mizuho
Buy35.00+80.37%29.00MaintainJun 15, 2026

D Wave Quantum Inc SWOT Analysis


Quantum Pionee
D-Wave Quantum Inc. leads in commercial quantum computing, specializing in annealing solutions that outpace competitors in the evolving industry landscape
Technological Leaps
Explore D-Wave's Advantage 2 platform progress, featuring a fourfold qubit density increase and the innovative Fast-Annealing feature driving industry excitement
Market Momentum
Delve into D-Wave's expanding customer base and strong Q1 bookings, signaling growing adoption of quantum computing solutions across various sectors
Financial Horizons
Analysts set price targets ranging from $3.00 to $4.00, as D-Wave navigates financial challenges while pursuing new revenue streams in government and defense sectors
Read full SWOT analysis

D Wave Quantum Inc Earnings Call Summary for Q2/2026

  • D-Wave posted Q2 revenue of $3.1M, missing estimates by 24%, while adjusted loss of $0.13/share exceeded forecast loss of $0.09/share by 44%.
  • Bookings surged 59% YoY to $2.1M; commercial customers now represent larger revenue share with six applications in production versus lab testing.
  • Shares plunged 12.34% premarket to $18.75 as investors focused on revenue miss despite strong $546M cash position and 21.41 current ratio.
  • Q3 revenue expected modestly higher; Q4 to comprise majority of FY revenue with two quantum system deliveries and installation revenue into 2027.
  • CEO Baratz outlined roadmap: 17-qubit gate-model system in 2026, scaling to 100-logical-qubit system by 2032; 100K-qubit annealing system by 2031.
Last Updated: 2026/08/06, 15:30
Read Full Transcript

Earnings

Latest Release
Aug 06, 2026
EPS / Forecast
-0,13 / -0,09
Revenue / Forecast
3,07M / 4,03M
EPS Revisions
Last 90 days

QBTS Income Statement

Compare QBTS to Peers and Sector

Metrics to compare
QBTS
Peers
Sector
Relationship
P/E Ratio
−21.5x−2.6x12.6x
PEG Ratio
0.260.010.01
Price/Book
7.0x0.2x2.4x
Price / LTM Sales
636.8x9.9x2.3x
Upside (Analyst Target)
87.0%124.4%32.4%
Fair Value Upside
Unlock20.5%3.6%Unlock

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 also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of enterprise scale; and D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access. In addition, the company offers D-Wave Advantage annealing quantum computing systems; and Ocean developer tools. Its quantum solutions are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.

Employees
385

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
90,91M24,54%1,94B
Other Institutional Investors
93,50M25,24%2,00B
Public Companies & Retail Investors
186,04M50,22%3,98B
Total
370,44M100,00%7,92B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
BlackRock, Inc.8,25%30 566 629653 820
Vanguard Portfolio Management, LLC5,61%20 793 131444 765

FAQ

What Is the D Wave Quantum (QBTS) Stock Price Today?

The D Wave Quantum stock price today is 19,405 USD.

What Stock Exchange Does D Wave Quantum Trade On?

D Wave Quantum is listed and trades on the Nasdaq Stock Exchange.

What Is the Stock Symbol for D Wave Quantum?

The stock symbol for D Wave Quantum is "QBTS."

What Is the D Wave Quantum Market Cap?

As of today, D Wave Quantum market cap is 7,920B USD.

What Is D Wave Quantum's Earnings Per Share (TTM)?

The D Wave Quantum EPS (TTM) is -1,078.

When Is the Next D Wave Quantum Earnings Date?

D Wave Quantum will release its next earnings report on Aug 06, 2026.

From a Technical Analysis Perspective, Is QBTS a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Neutral.

How Many Times Has D Wave Quantum Stock Split?

D Wave Quantum has split 1 times.

How Many Employees Does D Wave Quantum Have?

D Wave Quantum has 385 employees.

What is the current trading status of D Wave Quantum (QBTS)?

As of Aug 06, 2026, D Wave Quantum (QBTS) is trading at a price of 19,405 USD, with a previous close of 21,390 USD. The stock has fluctuated within a day range of 18,330 USD to 20,590 USD, while its 52-week range spans from 12,750 USD to 46,750 USD.

What Is D Wave Quantum (QBTS) Price Target According to Analysts?

The average 12-month price target for D Wave Quantum is 37,052 USD, with a high estimate of 45 USD and a low estimate of 22 USD. 14 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Strong Buy. The stock has an +90,94% Upside potential.

What Is the QBTS Premarket Price?

QBTS's last pre-market stock price is 18,430 USD. The pre-market share volume is 3 770 000,000, and the stock has decreased by -2,960, or -13,840%.

What Is the QBTS After Hours Price?

QBTS's last after hours stock price is 19,420 USD, the stock has decreased by 0,015, or 0,080%.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2026 - Fusion Media Limited. All Rights Reserved.