D Wave Quantum Inc (QBTS)

Currency in USD
20.490
+0.210(+1.04%)
Closed·
20.400-0.090(-0.44%)
·
Earnings results expected in 11 days
QBTS is not included in our AI-picked strategies. See which stocks are.
Fair Value
Day's Range
19.57020.666
52 wk Range
6.82046.750
Key Statistics
Prev. Close
20.28
Open
20.1
Day's Range
19.57-20.666
52 wk Range
6.82-46.75
Volume
19.98M
Average Vol. (3m)
26.72M
1-Year Change
164.3994%
Book Value / Share
2.43
Fair Value
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Fair Value Upside
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QBTS Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
35.772
Upside
+74.58%
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 Buy
Technical Indicators
Strong Buy
Moving Averages
Strong Buy

Analyst Ratings

13 Buy
2 Hold
0 Sell
Ratings:
15 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 35.772
(+74.58% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Northland
Hold22.00+7.37%-New CoverageApr 20, 2026
Mizuho
Buy31.00+51.29%40.00MaintainApr 07, 2026
Mizuho
Buy40.00+95.22%46.00MaintainFeb 27, 2026
Evercore ISI
Buy42.00+104.98%44.00MaintainFeb 26, 2026
TD Cowen
Buy---New CoverageFeb 12, 2026

D Wave Quantum Inc SWOT Analysis


Future Quantum Horizons
Learn how D-Wave's progress towards Quantum Supremacy and expanding funding opportunities could reshape its market position
Financial Frontiers
Analysts set price targets ranging from $3.00 to $4.00, reflecting optimism despite ongoing challenges in achieving profitability
Technological Leap
Explore D-Wave's Advantage 2 platform, boasting a fourfold increase in qubit density and the innovative Fast-Annealing feature
Quantum Pionee
D-Wave leads in commercial quantum computing with its unique annealing solution, setting it apart in a competitive landscape
Read full SWOT analysis

D Wave Quantum Inc Earnings Call Summary for Q4/2025

  • Q4 2025 revenue reached $2.75M, up 19% YoY but missed $3.72M forecast by 26%; EPS of -$0.09 also missed -$0.06 estimate by 50%.
  • Full-year revenue surged 179% to $24.6M with 83% gross margin; Q4 net loss narrowed to $42.3M from $86.1M year-ago despite earnings miss.
  • Stock rose 5.29% to $20.69 in premarket despite misses, reflecting investor confidence in quantum computing advances and strong post-quarter bookings.
  • CEO Baratz emphasized Advantage2 system positions company uniquely; FY2026 guidance projects continued revenue growth with Q1 EPS at -$0.06.
  • Key risks include meeting revenue forecasts, intensifying competition from tech giants in quantum computing, and potential economic headwinds affecting spending.
Last Updated: 02/26/2026, 09:44 AM
Read Full Transcript

Earnings

Latest Release
Feb 26, 2026
EPS / Forecast
-0.09 / -0.06
Revenue / Forecast
2.75M / 3.72M
EPS Revisions
Last 90 days

QBTS Income Statement

Compare QBTS to Peers and Sector

Metrics to compare
QBTS
Peers
Sector
Relationship
P/E Ratio
−21.2x−20.1x12.8x
PEG Ratio
0.44−0.040.01
Price / Book
8.8x3.3x2.4x
Price / LTM Sales
305.5x6.3x2.4x
Upside (Analyst Target)
77.5%39.4%23.8%
Fair Value Upside
Unlock−2.7%3.2%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
82.12M22.20%1.50B
Other Institutional Investors
92.15M24.91%1.68B
Public Companies & Retail Investors
195.64M52.89%3.57B
Total
369.91M100.00%6.76B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
The Vanguard Group, Inc.9.98%36,909,069748,516
BlackRock, Inc.7.62%28,198,320571,862

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FAQ

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

The D Wave Quantum stock price today is 20.490 USD.

What Stock Exchange Does D Wave Quantum Trade On?

D Wave Quantum is listed and trades on the New York 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 7.580B USD.

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

The D Wave Quantum EPS (TTM) is -1.105.

When Is the Next D Wave Quantum Earnings Date?

D Wave Quantum will release its next earnings report on May 12, 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 Strong Buy.

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 May 01, 2026, D Wave Quantum (QBTS) is trading at a price of 20.490 USD, with a previous close of 20.280 USD. The stock has fluctuated within a day range of 19.570 USD to 20.666 USD, while its 52-week range spans from 6.820 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 35.772 USD, with a high estimate of 45 USD and a low estimate of 19.58 USD. 13 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Strong Buy. The stock has an +74.58% Upside potential.

What Is the QBTS Premarket Price?

QBTS's last pre-market stock price is 20.050 USD. The pre-market share volume is 324,730.000, and the stock has decreased by -0.230, or -1.130%.

What Is the QBTS After Hours Price?

QBTS's last after hours stock price is 20.400 USD, the stock has decreased by -0.090, or -0.440%.
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