D Wave Quantum Inc (QBTS)

Currency in USD
19.060
-1.290(-6.34%)
Closed·
18.810-0.250(-1.31%)
·
QBTS is not included in our AI-picked strategies. See which stocks are.
Fair Value
Day's Range
18.33020.202
52 wk Range
12.75046.750
Key Statistics
Prev. Close
20.35
Open
20.11
Day's Range
18.33-20.202
52 wk Range
12.75-46.75
Volume
24.64M
Average Volume (3m)
26.85M
1-Year Change
44.943%
Book Value / Share
3.04
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
35.172
Upside
+84.53%
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

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

Analysts 12-Month Price Target:

Average 35.172
(+84.53% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Evercore ISI
Buy37.00+94.12%42.00MaintainMay 13, 2026
Mizuho
Buy29.00+52.15%31.00MaintainMay 13, 2026
Canaccord
Buy41.00+115.11%43.00MaintainMay 13, 2026
Northland
Hold22.00+15.42%-New CoverageApr 20, 2026
Mizuho
Buy31.00+62.64%40.00MaintainApr 07, 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 Q1/2026

  • D-Wave Q1 2026 EPS of -$0.05 beat forecast by 37.5%, but revenue of $2.9M missed estimates by 30%, falling 81% YoY; stock dropped 10.78%.
  • Bookings surged 1,994% YoY driven by major system sale; operating expenses rose 125% to $56.5M due to Quantum Circuits acquisition and personnel.
  • Acquisition of Quantum Circuits positions D-Wave as dual-platform quantum provider; advancing dual-rail qubit technology with 17 qubits targeted by end-2026.
  • Gross margin declined to 63.6% from 92.5% YoY; net loss widened to $18.4M from $5.4M, reflecting integration costs and revenue timing challenges.
  • Analysts set price targets of $19.58-$45; company not expected profitable in 2026 with -$0.31 EPS forecast amid quantum computing market volatility.
Last Updated: 05/18/2026, 01:56 PM
Read Full Transcript

Earnings

Latest Release
May 12, 2026
EPS / Forecast
-0.05 / -0.08
Revenue / Forecast
2.9M / 4.14M
EPS Revisions
Last 90 days

QBTS Income Statement

Compare QBTS to Peers and Sector

Metrics to compare
QBTS
Peers
Sector
Relationship
P/E Ratio
−19.2x−7.8x13.0x
PEG Ratio
0.250.020.01
Price/Book
6.3x3.7x2.4x
Price / LTM Sales
566.6x5.2x2.5x
Upside (Analyst Target)
76.9%47.1%23.5%
Fair Value Upside
Unlock23.9%1.9%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
82.69M22.35%1.68B
Other Institutional Investors
94.09M25.44%1.91B
Public Companies & Retail Investors
193.13M52.21%3.93B
Total
369.91M100.00%7.53B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
The Vanguard Group, Inc.9.98%36,909,069703,487
BlackRock, Inc.7.62%28,198,320537,460

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FAQ

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

The D Wave Quantum stock price today is 19.060 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 7.050B 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 Strong Sell.

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 19, 2026, D Wave Quantum (QBTS) is trading at a price of 19.060 USD, with a previous close of 20.350 USD. The stock has fluctuated within a day range of 18.330 USD to 20.202 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 35.172 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 +84.53% Upside potential.

What Is the QBTS Premarket Price?

QBTS's last pre-market stock price is 20.280 USD. The pre-market share volume is 502,440.000, and the stock has decreased by -0.070, or -0.340%.

What Is the QBTS After Hours Price?

QBTS's last after hours stock price is 18.810 USD, the stock has decreased by -0.250, or -1.310%.
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