DailyIQ
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Sector:TechnologyAll sectors
Last updated 1 hour ago

QBTS·D-Wave Quantum Inc.

$.
-. (-.%)
High
$29.95
Open
$29.32
Market Cap
10.88B
52W High
$46.75
Low
$27.06
P. Close
$29.40
P/E
-
52W Low
$12.75
Fwd P/E
-
Mean Target
-
Technical Score (1D)
100
BUY
News Sentiment
76
BULLISH
D-Wave Quantum has secured year two funding for its SQFab project, a development that underscores its ongoing role in advancing scalable superconducting qubit fabrication. This funding, part of the U.S. Microelectronics Commons program, supports critical defense technology initiatives through its subsidiary, Quantum Circuits, LLC. This follows a significant announcement of $100 million in U.S. government backing from the Department of Commerce, intended to accelerate the development of both annealing and gate-model quantum systems. The investment aims to bolster U.S. leadership in the quantum computing sector by supporting R&D facilities. For QBTS, this sustained government support signals a commitment to its technological roadmap and potential for future commercialization. Investors will be watching for further updates on the progress of these fabrication advancements and their integration into D-Wave's quantum systems. The broader implications for the quantum computing sector include increased investment in domestic microelectronics and a potential acceleration of quantum technology development, which could impact various industries relying on advanced computing solutions.
Earnings Summary
D-Wave Quantum Inc. is a pioneer in the quantum computing field, offering comprehensive quantum computing solutions including its Advantage and Advantage 2 quantum computers, software tools, and cloud-based services. The company operates in the Technology sector, specifically within the Computer Hardware industry, focusing on delivering hybrid quantum-classical computing capabilities to solve complex optimization problems across various sectors. In its most recent reported quarters, Q1 2026 saw actual EPS of -0.05 against an estimate of -0.07636, and revenue of $2.86 million against an estimate of $4.22 million. This followed Q4 2025, where actual EPS was -0.12 compared to an estimate of -0.0676, with revenue at $2.75 million against an estimate of $3.84 million. The prior two quarters, Q3 2025 and Q2 2025, showed actual EPS of -0.05 and -0.08 respectively, with revenue figures of $3.74 million and $3.10 million. This indicates a trend of revenue fluctuations and EPS misses in recent periods. Historically, D-Wave Quantum has shown a mixed performance against analyst estimates. While revenue has seen some growth over the periods presented, EPS has consistently missed expectations, suggesting ongoing investment or cost pressures impacting profitability. The company has experienced significant price appreciation since 2023, reflecting strong investor sentiment in the quantum computing sector. Recent news highlights record system and service bookings driven by demand for its Advantage2 quantum systems, supported by strong gross margins of 82.59%. The company is executing a dual-platform strategy, integrating annealing and gate-model quantum computing technologies. Investors should watch for continued booking growth and the successful integration of its dual-platform approach, alongside the evolution of its financial performance in relation to its technological roadmap.

EPS

EstBeatMiss
$-0.13$-0.10$-0.07$-0.05$-0.02Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$-0.09 - -
Q1'26$-0.08$-0.05+34.5%
Q4'25$-0.07$-0.12-77.5%
Q3'25$-0.07$-0.05+24.5%
Q2'25$-0.05$-0.08-47.4%
Q1'25$-0.04$-0.03+16.9%

Revenue

EstBeatMiss
$912,350$5M$9M$13M$17MQ1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$4M - -
Q1'26$4M$3M-32.2%
Q4'25$4M$3M-28.4%
Q3'25 - $4M -
Q2'25 - $3M -
Q1'25 - $15M -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

QBTS Stock Snapshot

QBTS is currently trading at $27.78, giving D-Wave Quantum Inc. a market cap of 10.88B. Today's range spans $27.06–$29.95, with shares opening at $29.32 and moving down $1.62 (5.5%) from the prior close. DailyIQ's technical score sits at 100/100 (BUY) with a news sentiment reading of 76/100.

Over the past year QBTS has traded between $12.75 and $46.75 - the current price is +117.9% off the 52-week low and -40.6% from the high.

QBTS is showing the kind of bullish setup that active managers add to on dips - 100/100 (BUY), bullish sentiment at 76/100, 10.88B market cap in Technology, price $27.78 (in the middle of its 52-week range). At this cap tier, the combination of technical confirmation and positive sentiment is what separates speculative bullish positions from high-conviction ones. Annual range: $12.75–$46.75. The setup is in the latter category.

The combination of a BUY signal (100/100) and bullish news sentiment (76/100) puts QBTS on the screens of active managers who run quality-momentum overlays — a cohort that can build meaningful positions at 10.88B in Technology market cap without immediately moving the stock. At $27.78 (in the middle of its 52-week range in the $12.75–$46.75 range), the entry discipline is clean and the potential re-rating if sentiment continues to improve is meaningful.

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