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D-Wave Quantum Inc.
QBTS
NYSE·Technology·Computer Hardware·Mkt cap $8.6B
$22.49
▼ -4.30%
View full research view
Our plain-language verdict, the thesis, risk factors, and what is changing about the business.
View research view52-Week Range
$12.75 - $46.75
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 47.1% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- Fifth-generation quantum computing technology
- Comprehensive quantum software ecosystem
- Cloud-based quantum computing access
- Diverse industry application portfolio
Bear Case
1 risk
- High volatility (beta 2.1). Larger-than-normal price swings expected.
Growth
Strong growth ahead
Expanding quantum computing adoption
Value
Deep value opportunity - significant discount to Quantum Computing peers
Momentum
Hot
+64.2% over 3m
Quality
Excellent
Below average quality
Dividend
None
No dividend
Smart-money signal
Who's buying QBTS right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: May 7, 2026
MAY 12, 2026
Reported EPS of -$0.05 vs -$0.08 consensus (+37.5% surprise). Revenue of $2.9M vs $4.2M expected (-31.9%).
EPS surprise · last 4Q
1 of 1 beats
Q2 26
+37.5%
Next: May 7, 2026
Revenue trend · last 8Q
—
—
-21%
+509%
+42%
+100%
+19%
-81%
Q2 24
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
$2.2M
$1.9M
$2.3M
$15.0M
$3.1M
$3.7M
$2.8M
$2.9M
Margins · last 8Q
Gross
—
Operating
—
Profit
-642.3%
Wall Street consensus
8 analysts · 100% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
100%
Hold
0%
Sell
0%
Median Price Target
$32.00
▲ +42.3% vs $22.49
Latest: Stifel · $35.00 · Jun 2, 2026
4 analysts covering