D-Wave Quantum Inc. (QBTS) Stock Price, News, Analysis

Technical Score (1D)

BUY

News Sentiment

BULLISH

D-Wave Quantum (QBTS) is seeing renewed attention as Nvidia's introduction of quantum-focused AI models sparks a sector-wide rally. This development, which has fueled gains for quantum computing stocks for a second consecutive day, signals potential advancements and increased investor interest in the field. Nvidia's new AI programming tools are a key catalyst, with the company aiming to integrate into the quantum computing supply chain rather than acting as a direct competitor. While QBTS has experienced a substantial short-term price increase, it remains below its 90-day peak, prompting questions about its current valuation relative to future growth prospects. Analysts' price targets suggest potential upside from current trading levels, indicating a view of possible undervaluation. This positive industry trend follows QBTS's own report of substantial bookings acceleration, with fourth-quarter bookings jumping 471% sequentially to $13.4 million. Year-to-date 2026 bookings have already surpassed $32.8 million, including major deals, highlighting increasing commercial traction for the company. Traders should monitor how this broader sector enthusiasm translates into sustained company performance and future innovation in quantum technology.

Market Data

QBTS Stock Snapshot

D-Wave Quantum Inc. · Technology · dwavequantum.com

D-Wave Quantum Inc. is a pioneer in the quantum computing field, providing comprehensive quantum computing solutions globally. At its core, the company offers its Advantage and Advantage 2 quantum computers, along with a suite of open-source software tools and cloud-based services. D-Wave's value proposition centers on delivering hybrid quantum-classical computing capabilities, including its Leap cloud service, which provides real-time access to quantum computers and advanced algorithms for solving complex, enterprise-level problems. These solutions are designed to address optimization challenges across diverse industries, such as logistics, drug discovery, and financial modeling. Founded in 1999 and headquartered in Palo Alto, California, D-Wave aims to empower businesses with the computational power needed to tackle complex problems.

QBTS is currently trading at $20.67, giving D-Wave Quantum Inc. a market cap of 8.02B. Today's range spans $20.66–$21.15, with shares opening at $21.15 and moving down $0.72 (3.4%) from the prior close. DailyIQ's technical score sits at 73/100 (BUY) with a news sentiment reading of 66/100.

Over the past year QBTS has traded between $5.97 and $46.75 - the current price is +246.2% off the 52-week low and -55.8% from the high. 23 analysts cover the stock with a Buy consensus and a mean 12-month target of $36.76 (range $19.58–$45.00), implying upside of +77.8%.

QBTS: small-cap, Technology, 8.02B market cap. Score: 73/100 (BUY). Sentiment: bullish (66/100). Price: $20.67 (in the lower half of its 52-week range). Annual range: $5.97–$46.75. The combination of bullish technicals and bullish news flow in a stock of this size is the setup that systematic momentum strategies identify before the more discretionary investors show up. Once both sets of buyers arrive, the move tends to be decisive.

QBTS|EarningsD-Wave Quantum Inc.

Earnings Summary

D-Wave Quantum Inc. is a pioneer in quantum computing, offering comprehensive solutions including quantum computers and cloud-based services designed to solve complex optimization problems across various industries. Positioned within the Technology sector's Computer Hardware industry, D-Wave provides hybrid quantum-classical computing capabilities through its Leap cloud service, aiming to empower businesses with advanced computational power. In its recent quarterly performance, QBTS has shown a mixed trend. For Q4 2024, actual EPS was -0.08 against an estimate of -0.064, with revenue at $2.31 million. This was followed by Q1 2025 where actual EPS of -0.0299 beat the estimate of -0.036, and revenue significantly increased to $15.00 million. However, Q2 2025 saw actual EPS of -0.08 miss the estimate of -0.05429, with revenue at $3.10 million, and Q3 2025 reported actual EPS of -0.05, beating the estimate of -0.06625, with revenue at $3.74 million. The most recent Q4 2025 results showed actual EPS of -0.12 missing the estimate of -0.0676, with revenue at $2.75 million, falling short of the estimate of $3.84 million. Historically, the company has experienced a pattern of EPS misses, though recent quarters have shown some instances of beats. Revenue growth has been inconsistent, with a notable jump in Q1 2025 followed by lower figures in subsequent quarters, and a miss in Q4 2025. Recent news indicates D-Wave Quantum is expanding its commercial footprint through new partnerships and system sales, including joining the Southeastern Quantum Collaborative and securing system sales to national supercomputing centers, alongside defense partnership expansions and an acquisition to enhance capabilities. Further news highlights the acquisition of Quantum Circuits, Inc. to expand gate-model capabilities and the release of its Advantage2 system, alongside enterprise deals. Despite these strategic advancements, Q4 FY25 sales missed analyst expectations, though full-year revenue saw substantial growth. Investors will be watching for continued traction in enterprise adoption, the successful integration of Quantum Circuits, Inc., and evidence of revenue growth acceleration to overcome recent misses and capitalize on strategic initiatives.

Earnings | EPS

EstBeatMiss

Qtr	Est	Actual	+/−
Q1'26	$-0.08	-	-
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%
Q4'24	$-0.06	$-0.08	-25.0%

Revenue

EstBeatMiss

Qtr	Est	Actual	+/−
Q1'26	$4M	-	-
Q4'25	$4M	$3M	-28.4%
Q3'25	-	$4M	-
Q2'25	-	$3M	-
Q1'25	-	$15M	-
Q4'24	-	$2M	-

Technical Score (1D)

BUY

News Sentiment

BULLISH

Market Data

QBTS Stock Snapshot

D-Wave Quantum Inc. · Technology · dwavequantum.com

News Sentiment Analysis

Sentiment gathered from recent headlines

66/100

Strong NegativeNeutralStrong Positive

MODERATELY BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles

What did this article say?

The quantum computing sector experienced a significant upswing, with several public companies, including QBTS, seeing notable gains. This trend highlights increasing investor attention on the growing number of publicly traded quantum technology firms. The sector's momentum suggests a potential shift in market focus towards advanced computing solutions.

What did this article say?

D-Wave Quantum's stock experienced a significant upward movement this week, driven by positive market sentiment surrounding the quantum computing sector. Investors are increasingly recognizing the long-term potential of quantum technology, with D-Wave positioned as a key player in this emerging field. The company's advancements and strategic partnerships are likely contributing to this renewed investor interest.

What did this article say?

Quantum computing stocks, including D-Wave Quantum (QBTS), have experienced a significant rally, with shares seeing substantial gains in recent trading sessions. This surge follows a broader investor interest in the sector, driven by the technology's potential to solve complex problems faster than classical computers. Despite the impressive price action, caution is advised as the sector may be experiencing speculative trading.

What did this article say?

D-Wave Quantum CEO Alan Baratz is positioning quantum computing as a future challenger to Nvidia's AI dominance, suggesting it could eventually supplant current GPU accelerators. Baratz emphasized that D-Wave is focused on commercializing quantum solutions for complex enterprise problems, moving beyond theoretical applications. He believes companies adopting quantum technology now will shape the next era of business advantage.

What did this article say?

D-Wave Quantum (QBTS) shares have declined significantly, impacted by rising operational losses and a weak first-quarter outlook, despite a strong fiscal 2025 and growing quantum demand. Geopolitical tensions and sector-wide risk-off sentiment have also contributed to the pressure on QBTS and its peers. The company reported robust revenue growth and pipeline expansion in its last fiscal year.

What did this article say?

D-Wave Quantum (QBTS) stock has surged nearly 60% in a short period, driven by Nvidia's launch of new Ising AI models. This development suggests a potential positive catalyst for QBTS shares in 2026. Investors are evaluating whether this recent rally presents a compelling buying opportunity.

What did this article say?

The increasing threat of quantum computing to the security of digital assets like Bitcoin is emerging as a significant investment theme. Companies such as D-Wave (QBTS), IonQ, and Rigetti are advancing their capabilities, attracting investor capital. This dynamic highlights a new growth driver for the quantum computing sector.

What did this article say?

D-Wave Quantum (QBTS) is experiencing increased attention following Nvidia's introduction of quantum-focused AI models, which have spurred a rally in quantum computing stocks. Despite a significant recent surge, the stock remains below its 90-day peak, prompting questions about its current valuation relative to future growth prospects. Analysts' price targets suggest potential upside from the current trading level.

What did this article say?

IonQ experienced a significant surge, closing up 20.95% after announcing a new defense agency contract and a technical breakthrough in quantum computing. This positive development for IonQ contributed to broader sector strength, with D-Wave Quantum (QBTS) also closing higher, up 22.63%. The increased trading volume for IonQ and the positive sentiment across quantum peers suggest a renewed investor focus on the sector's potential.

What did this article say?

A broad technology rally, coupled with positive news from IonQ, is fueling a significant upturn in quantum computing stocks, including D-Wave Quantum (QBTS). IonQ's contract with DARPA has been a key catalyst, leading to substantial gains for the company and positively impacting its peers. D-Wave Quantum (QBTS) is trading higher, reflecting the overall sector strength and increased investor interest in quantum technologies.

QBTS|EarningsD-Wave Quantum Inc.

Earnings Summary

Earnings | EPS

EstBeatMiss

Qtr	Est	Actual	+/−
Q1'26	$-0.08	-	-
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%
Q4'24	$-0.06	$-0.08	-25.0%

Revenue

EstBeatMiss

Qtr	Est	Actual	+/−
Q1'26	$4M	-	-
Q4'25	$4M	$3M	-28.4%
Q3'25	-	$4M	-
Q2'25	-	$3M	-
Q1'25	-	$15M	-
Q4'24	-	$2M	-

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles

What did this article say?

QBTS·D-Wave Quantum Inc.

QBTS Stock Snapshot

Earnings | EPS

Revenue

QBTS·D-Wave Quantum Inc.

QBTS Stock Snapshot

News Sentiment Analysis

Recent News Coverage

Earnings | EPS

Revenue

News Sentiment Analysis

Recent News Coverage

QBTS·D-Wave Quantum Inc.

QBTS Stock Snapshot

Earnings | EPS

Revenue

QBTS·D-Wave Quantum Inc.

QBTS Stock Snapshot

News Sentiment Analysis

Recent News Coverage

Earnings | EPS

Revenue

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News Sentiment Analysis

Recent News Coverage

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