US · Technology · Computer Hardware
EPS came in at -0.13 against a street estimate of -0.12 — a miss of 8.3%.
Analysts rate D-Wave Quantum Inc. Common Stock a strong buy (15 buy, 2 hold, 0 sell out of 17) with an average price target of $34.65.
CONFIDENT D-Wave posted flat Q2 revenue ($3.1M) but showed strong commercial traction: 6 production applications, 37% of QCaaS from production vs 9.8% YoY, $40.7M backlog (+668% YoY). Gate-model Nature paper validated dual-rail architecture. Adjusted EBITDA loss widened to $37.1M on R&D spending. Q2 2026 No geographic breakdown provided in call. Analysts pressed timeline clarity for gate-model commercialization (answer: 2032), customer pipeline scale (management declined specifics but confirmed Fortune 500 momentum), and whether Optum's fast move to production would repeat (answer: depends on customer data readiness). Management emphasized dual-rail tech differentiation and production-app traction, but offered no new revenue or profitability guidance. 2026-08-06…
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|---|---|
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| Vanguard Capital Management, LLC | 4.20% |
| UBS Group AG | 3.07% |
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| NORGES BANK | 1.18% |
| Document | Date |
|---|---|
| Reg FD disclosure · Q4 2026 HEADLINE NUMBERS • On October 1, 2026, D-Wave Quantum Inc. launched a beta program for its gate-model quantum computing simulator. • The program giv | 2026-10-01 |
| Board / officer change · Q3 2026 D-WAVE QUANTUM INC. (QBTS) - FORM 8-K SUMMARY HEADLINE NUMBERS • No financial metrics provided in this 8-K filing • Filing date: September 18, 2026 | 2026-09-21 |
| Reg FD disclosure · Q3 2026 D-WAVE QUANTUM INC. (QBTS) - FORM 8-K SUMMARY BUSINESS & SEGMENT HIGHLIGHTS • D-Wave announced hosting Qubits Asia 2026: Quantum Realized conference | 2026-09-17 |
| Reg FD disclosure · Q3 2026 D-WAVE QUANTUM INC. (QBTS) - FORM 8-K SUMMARY BUSINESS & SEGMENT HIGHLIGHTS • D-Wave announced participation as platinum sponsor of Quantum World Co | 2026-09-15 |
| Company announcement · Q3 2026 D-WAVE QUANTUM INC. (QBTS) - FORM 8-K SUMMARY HEADLINE NUMBERS • 7,095,721 shares of common stock being registered for resale by the U.S. Department | 2026-09-10 |
| Material agreement · Q3 2026 D-WAVE QUANTUM INC. (QBTS) - FORM 8-K SUMMARY HEADLINE NUMBERS • $100 million maximum federal award under U.S. CHIPS and Science Act from Department | 2026-09-08 |
| Board / officer change · Q3 2026 D-WAVE QUANTUM INC. (QBTS) - FORM 8-K SUMMARY HEADLINE NUMBERS • Company: D-Wave Quantum Inc., Delaware corporation, trades on Nasdaq under ticker Q | 2026-08-25 |
| Reg FD disclosure · Q3 2026 D-WAVE QUANTUM INC. (QBTS) - FORM 8-K SUMMARY BUSINESS & SEGMENT HIGHLIGHTS • D-Wave announced deployment of a second quantum computing application | 2026-08-18 |
Readable in the app.
| Announcement | Date |
|---|---|
| Won $100 million government contract for advanced microelectronics R&D D-Wave Quantum Inc. has been awarded a $100 million grant from the U.S. Department of Commerce to support advanced microelectronics research and development in the United States. The agreeme | 2026-09-08 |
| Second quantum computing application deployed in production with major telecom operator D-Wave Quantum Inc. announced that NTT DOCOMO, Japan's largest mobile operator with 93+ million subscribers, has deployed a second production quantum computing application using D-Wave techn | 2026-08-18 |
| Announces strategic partnership with Nasdaq Verafin for quantum computing collaboration D-Wave Quantum Inc. announced a partnership with Nasdaq Verafin on August 3, 2026, to explore quantum computing applications in financial crime detection. Under the agreement, the companies | 2026-08-03 |
| AT&T signs agreement to expand quantum computing technology deployment D-Wave Quantum announced on July 27, 2026 that AT&T has signed an agreement to expand its use of D-Wave's quantum computing technology. AT&T plans to integrate D-Wave's annealing quantum com | 2026-07-27 |
| Selected to receive $1.566 million NSF grant for quantum computing research D-Wave Quantum Inc. announced it received a $1,566,250 grant from the U.S. National Science Foundation (NSF) on June 30, 2026. The funding supports D-Wave's participation in the ERASE (Erasu | 2026-06-30 |
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Open in the appGoogle PlayApp StoreData updated 2026-10-18.