QBTS Stock Price, Performance & Company Data

D-Wave Quantum shares rise after AT&T expands its use of the company's quantum computing technology for network optimization.

9 hours ago·Lightyear AI

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About D-Wave Quantum Inc.

D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.

Ticker

$QBTS

Sector

Software & Cloud Services

Primary listing

NASDAQ

Employees

385

Headquarters

Palo Alto, United States

Website

www.dwavequantum.com

QBTS Metrics

BasicAdvanced

$6.3bn

-$1.08

2.10

What the Analysts think about QBTS

Analyst ratings (Buy, Hold, Sell) for D-Wave Quantum Inc. stock.

Bulls say / Bears say

D-Wave agreed to acquire Quantum Circuits Inc. for $550 million, combining $300 million in stock and $250 million in cash to integrate error-corrected gate-model technology into its dual-platform offering (Reuters).

First-quarter bookings surged nearly 2,000% year-over-year to $33.4 million, driven by a $20 million system sale to Florida Atlantic University and a $10 million enterprise QCaaS agreement, demonstrating accelerating commercial adoption (Reuters).

Signed a non-binding letter of intent for $100 million in CHIPS and Science Act funding from the U.S. Department of Commerce, providing non-dilutive capital to accelerate annealing and gate-model R&D (Reuters).

D-Wave’s fourth-quarter revenue of $2.752 million missed the IBES consensus of $3.77 million, highlighting inconsistent revenue recognition quarter over quarter (Reuters).

Revenue for the first quarter of 2026 plunged 81% year-over-year to $2.9 million, falling short of analyst expectations and underscoring volatility stemming from one-off system sales (Reuters).

D-Wave continues burning through cash without near-term revenue visibility, as its lack of practical applications keeps meaningful profitability out of reach for years (Bloomberg).

Data summarised monthly by Lightyear AI. Last updated on 27 Jul 2026.

QBTS Financial Performance

Revenues and expenses

Income statement
QuarterlyAnnual	Q3 24	QoQ growth
Revenue	$37bn	-39.75%
Net income	$45bn	107.52%
Profit margin	37.65%	6.78%

QBTS Earnings Performance

Company profitability

Earnings per share
QuarterlyAnnual	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24
Actual	$3.69	$2.85	$2.45	$2.42	-
Expected	$3.55	$2.61	$2.05	$2.31	$3.94
Surprise	3.94%	9.20%	19.51%	4.63%	-

Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.

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Bulls say / Bears say

D-Wave’s fourth-quarter revenue of $2.752 million missed the IBES consensus of $3.77 million, highlighting inconsistent revenue recognition quarter over quarter (Reuters).

Revenue for the first quarter of 2026 plunged 81% year-over-year to $2.9 million, falling short of analyst expectations and underscoring volatility stemming from one-off system sales (Reuters).

D-Wave continues burning through cash without near-term revenue visibility, as its lack of practical applications keeps meaningful profitability out of reach for years (Bloomberg).

Data summarised monthly by Lightyear AI. Last updated on 27 Jul 2026.