D-Wave Quantum (QBTS) Projected to Post Quarterly Earnings on Thursday

D-Wave Quantum (NYSE:QBTS) is expected to post its Q2 2026 results before the market opens on Thursday, August 6th. Analysts expect the company to post earnings of ($0.0847) per share and revenue of $4.0240 million for the quarter. Individuals can find conference call details on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, August 6, 2026 at 8:00 AM ET.

D-Wave Quantum (NYSE:QBTS) last posted its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The business had revenue of $2.86 million for the quarter, compared to analyst estimates of $4.19 million. During the same quarter in the prior year, the firm posted ($0.02) EPS. D-Wave Quantum’s revenue was down 80.9% on a year-over-year basis. On average, analysts expect D-Wave Quantum to post $-0 EPS for the current fiscal year and $-0 EPS for the next fiscal year.

D-Wave Quantum Price Performance

NYSE:QBTS traded up $1.05 during trading hours on Tuesday, hitting $21.04. The stock had a trading volume of 6,853,198 shares, compared to its average volume of 29,951,201. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31. D-Wave Quantum has a one year low of $12.75 and a one year high of $46.75. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of -18.58 and a beta of 2.11. The company has a 50 day simple moving average of $22.37 and a two-hundred day simple moving average of $20.76.

Wall Street Analyst Weigh In

Several analysts have weighed in on QBTS shares. Weiss Ratings raised D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. B. Riley Financial boosted their price objective on D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Northland Securities initiated coverage on shares of D-Wave Quantum in a research report on Monday, April 20th. They issued a “market perform” rating and a $22.00 price objective on the stock. Roth Capital raised their target price on shares of D-Wave Quantum from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, Benchmark began coverage on shares of D-Wave Quantum in a research report on Monday, July 27th. They set a “buy” rating and a $30.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.80.

More D-Wave Quantum News

Here are the key news stories impacting D-Wave Quantum this week:

• Positive Sentiment: Nasdaq Verafin agreement: D-Wave and Nasdaq Verafin agreed to evaluate D-Wave’s quantum-computing technology for improving financial-crime detection. The partnership provides a potential enterprise use case and adds credibility to D-Wave’s commercial strategy, although it is currently an evaluation and does not necessarily represent significant near-term revenue. D-Wave and Nasdaq Verafin Announce Agreement for Quantum Computing Application Development
• Positive Sentiment: New bullish analyst coverage: Wedbush initiated coverage of QBTS with an “outperform” rating and a $40 price target, implying substantial upside from the reference price. The endorsement likely reinforced investor optimism around D-Wave’s long-term growth prospects. Wedbush analyst coverage
• Positive Sentiment: Sector momentum: Quantum-computing peers also rallied, while technology stocks moved higher late in the session. This broader risk-on environment amplified the reaction to D-Wave’s company-specific announcement. D-Wave Spikes on Nasdaq Verafin Deal
• Neutral Sentiment: Commentary highlighted D-Wave’s quantum-annealing technology and its roster of enterprise customers, while comparing the company with IonQ and other emerging quantum competitors. This supports the industry’s growth narrative but does not create an immediate earnings catalyst. IonQ vs. D-Wave Quantum
• Negative Sentiment: Investors remain exposed to valuation and execution risk. D-Wave is unprofitable, and recent results showed sharply lower year-over-year revenue, leaving the stock dependent on future commercial adoption rather than current earnings. Sector commentary also cautioned that elevated valuations could make the rally a short-term trading spike. Quantum Stock Rally Valuation Commentary

Insider Activity at D-Wave Quantum

In other news, CFO John M. Markovich sold 328,752 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $27.70, for a total value of $9,106,430.40. Following the completion of the sale, the chief financial officer owned 1,442,820 shares of the company’s stock, valued at approximately $39,966,114. This represents a 18.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rohit Ghai sold 13,518 shares of D-Wave Quantum stock in a transaction on Monday, June 15th. The stock was sold at an average price of $26.41, for a total transaction of $357,010.38. Following the completion of the transaction, the director owned 23,617 shares in the company, valued at approximately $623,724.97. The trade was a 36.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,363,842 shares of company stock worth $35,789,148 in the last quarter. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QBTS. Baird Financial Group Inc. lifted its stake in shares of D-Wave Quantum by 12.0% in the 1st quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock valued at $92,000 after acquiring an additional 1,300 shares during the last quarter. Royal Bank of Canada lifted its position in D-Wave Quantum by 59.8% in the first quarter. Royal Bank of Canada now owns 162,088 shares of the company’s stock valued at $1,231,000 after purchasing an additional 60,668 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of D-Wave Quantum by 201.0% during the first quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock valued at $1,526,000 after purchasing an additional 134,066 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of D-Wave Quantum by 93.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock valued at $825,000 after purchasing an additional 52,437 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of D-Wave Quantum by 125.7% in the first quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock worth $333,000 after purchasing an additional 24,382 shares during the last quarter. 42.47% of the stock is owned by institutional investors.

D-Wave Quantum Company Profile

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.