D-Wave Quantum (NASDAQ:QBTS) Shares Climb 5.1% – Here’s What Happened

D-Wave Quantum Inc. (NASDAQ:QBTS)’s share price was up 5.1% during mid-day trading on Tuesday. The stock traded as high as $12.18 and last traded at $12.13. Approximately 12,779,656 shares changed hands during trading, a decline of 51% from the average session volume of 25,839,445 shares. The stock had previously closed at $11.54.

Key D-Wave Quantum News

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

• Positive Sentiment: D-Wave will report third-quarter 2026 results before the market opens on November 10. The release should provide investors with updates on revenue, bookings, cash usage and progress in commercializing its annealing and gate-model quantum systems. D-Wave Quantum to Report Third Quarter 2026 Financial Results
• Neutral Sentiment: Management plans to attend several November investor conferences, which could increase visibility and offer additional commentary ahead of and following the earnings report. D-Wave Quantum to Participate in Upcoming Investor Conferences
• Neutral Sentiment: Recent coverage highlights a mixed outlook for pure-play quantum companies: D-Wave has technological potential, but investors are weighing its growth prospects against larger competitors such as IBM and Alphabet, which have greater infrastructure and financial resources. Approaching Earnings Season, Are Pure Play Quantum Stocks Still a Good Bet?
• Negative Sentiment: Multiple law firms are promoting a securities-fraud class action against D-Wave. The lawsuit alleges that the company overstated its growth prospects and made material misstatements or omissions before sharp August 2026 share-price declines. Investors in the February 26–August 25 class period have until December 15, 2026, to seek lead-plaintiff status. The allegations have not been proven, but the repeated notices add legal and reputational risk. D-Wave Shareholder Class Action Notice
• Negative Sentiment: Analysts and recent commentary remain concerned about widening losses, a lofty valuation and a possible disconnect between D-Wave’s technical advances and near-term revenue generation. Its prior quarterly results missed consensus estimates for both earnings and revenue, increasing the importance of the upcoming report. QBTS Stock Slides Ahead of Q3 Earnings

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Zacks Research downgraded shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Wall Street Zen raised shares of D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 28th. Roth Capital reissued a “buy” rating and set a $30.00 price objective on shares of D-Wave Quantum in a report on Thursday, August 6th. Finally, Jefferies Financial Group set a $40.00 price objective on D-Wave Quantum in a research report on Friday, August 7th. Thirteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.27.

D-Wave Quantum Trading Up 5.1%

The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of -17.08 and a beta of 2.18. The firm’s 50-day moving average is $16.29 and its 200 day moving average is $19.83.

D-Wave Quantum (NASDAQ:QBTS) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The business had revenue of $3.08 million during the quarter, compared to analyst estimates of $4.03 million. D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. The company’s revenue was down 0.6 compared to the same quarter last year. During the same quarter last year, the company posted ($0.08) earnings per share. On average, equities analysts predict that D-Wave Quantum Inc. will post -0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On D-Wave Quantum

Several institutional investors and hedge funds have recently made changes to their positions in QBTS. Latitude Advisors LLC bought a new stake in shares of D-Wave Quantum in the 3rd quarter valued at $38,000. Flagship Harbor Advisors LLC lifted its holdings in D-Wave Quantum by 4.1% in the third quarter. Flagship Harbor Advisors LLC now owns 55,868 shares of the company’s stock valued at $926,000 after buying an additional 2,184 shares during the period. Corecam Pte. Ltd. boosted its position in D-Wave Quantum by 32.6% during the third quarter. Corecam Pte. Ltd. now owns 44,519 shares of the company’s stock valued at $722,000 after acquiring an additional 10,947 shares during the last quarter. McGuire Investment Group LLC boosted its position in D-Wave Quantum by 0.6% during the third quarter. McGuire Investment Group LLC now owns 411,189 shares of the company’s stock valued at $6,813,000 after acquiring an additional 2,608 shares during the last quarter. Finally, Simplicity Wealth LLC grew its holdings in D-Wave Quantum by 69.1% during the 3rd quarter. Simplicity Wealth LLC now owns 74,609 shares of the company’s stock worth $1,236,000 after acquiring an additional 30,490 shares during the period. Institutional investors and hedge funds own 42.47% of the company’s stock.

D-Wave Quantum Company Profile

D-Wave Quantum Inc (NASDAQ: QBTS) is a quantum computing company that develops and provides quantum computing systems, software, and related services. The company focuses on both quantum annealing and gate-model quantum computing, with the goal of helping organizations address complex optimization, artificial intelligence, materials science, cybersecurity, and other computational challenges.

Its product portfolio includes quantum computing systems, hybrid quantum-classical solutions, and the Leap quantum cloud service, which gives customers access to D-Wave systems through the cloud.