D-Wave Quantum (QBTS) Expected to Announce Quarterly Earnings on Tuesday

D-Wave Quantum (NYSE:QBTS) is projected to release its Q1 2026 results before the market opens on Tuesday, May 12th. Analysts expect D-Wave Quantum to post earnings of ($0.08) per share and revenue of $4.1940 million for the quarter. Interested persons can check the company’s upcoming Q1 2026 earning summary page for the latest details on the call scheduled for Tuesday, May 12, 2026 at 8:00 AM ET.

D-Wave Quantum (NYSE:QBTS) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 58.58%. The company had revenue of $2.75 million for the quarter, compared to the consensus estimate of $3.74 million. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, analysts expect D-Wave Quantum to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

D-Wave Quantum Stock Performance

Shares of NYSE QBTS traded up $0.61 during midday trading on Tuesday, reaching $21.53. 19,194,460 shares of the company traded hands, compared to its average volume of 29,484,844. D-Wave Quantum has a 52 week low of $6.82 and a 52 week high of $46.75. The stock has a 50-day moving average price of $17.44 and a 200 day moving average price of $23.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 42.38 and a quick ratio of 42.25. The company has a market cap of $7.96 billion, a price-to-earnings ratio of -19.57 and a beta of 1.95.

D-Wave Quantum News Summary

Here are the key news stories impacting D-Wave Quantum this week:

• Positive Sentiment: D‑Wave announced a full‑day user conference, Qubits Europe 2026 (London, June 18) to showcase customer use cases and product roadmaps — a direct commercial catalyst that can drive customer adoption, partnerships and visibility in Europe. D-Wave Announces Qubits Europe 2026 Quantum Computing User Conference
• Positive Sentiment: Wall Street remains largely bullish: most analysts covering QBTS maintain Buy ratings and consensus expectations call for ~ $4.1M revenue and GAAP EPS around -$0.10 for FQ1 — supportive near‑term sentiment into the May 12 report. Here’s What the Street Thinks About D-Wave Quantum (QBTS) Ahead of FQ1 2026 Earnings
• Positive Sentiment: Analyst commentary and media coverage (including takeaways about AI enhancements that improve quantum efficiency) have driven recent upside and continued momentum expectations heading into earnings. Analysts see 80% upside in this quantum stock pre-earnings
• Neutral Sentiment: Nvidia’s recent Ising AI models and broader vendor moves add competitive context: they could accelerate software tooling that benefits the quantum ecosystem — a mixed factor for D‑Wave (potential partner opportunity, but also competitive pressure). Is Nvidia’s New Quantum Push Quietly Reframing D-Wave Quantum’s (QBTS) Path to Commercial Scale?
• Neutral Sentiment: Broader positive narratives and feature pieces reinforce the “commercial quantum” story for investors but are largely sentiment-driven rather than tied to immediate revenue impact. D-Wave Quantum ($QBTS): The Unrivaled Titan of Commercial Quantum Computing and Geostrategic Supremacy
• Negative Sentiment: D‑Wave amended CEO compensation terms on April 30; while intended to support growth, enhanced executive pay can raise concerns about dilution and expense at a company still working toward consistent revenue scale. D-Wave Quantum Enhances CEO Compensation to Support Growth
• Negative Sentiment: Operational/financial risks remain: last reported quarter missed revenue and EPS expectations, margins are deeply negative, and the company still trades on growth/promise rather than sustained profitability — downside if May 12 results and guidance fall short of elevated analyst optimism.

Analysts Set New Price Targets

A number of brokerages recently weighed in on QBTS. Canaccord Genuity Group set a $43.00 price objective on shares of D-Wave Quantum in a research note on Thursday, January 29th. Rosenblatt Securities restated a “buy” rating and set a $43.00 price objective on shares of D-Wave Quantum in a research note on Wednesday, January 28th. Benchmark restated a “buy” rating and set a $35.00 price objective on shares of D-Wave Quantum in a research note on Friday, January 23rd. Northland Securities began coverage on shares of D-Wave Quantum in a research note on Monday, April 20th. They set a “market perform” rating and a $22.00 price objective on the stock. Finally, Needham & Company LLC cut their price objective on shares of D-Wave Quantum from $48.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Fourteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, D-Wave Quantum has an average rating of “Moderate Buy” and an average target price of $35.53.

Insider Buying and Selling at D-Wave Quantum

In other D-Wave Quantum news, Director Rohit Ghai sold 10,000 shares of D-Wave Quantum stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $17.62, for a total value of $176,200.00. Following the transaction, the director owned 27,778 shares in the company, valued at approximately $489,448.36. The trade was a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John D. Dilullo sold 8,000 shares of D-Wave Quantum stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $18.01, for a total transaction of $144,080.00. Following the completion of the transaction, the director owned 19,803 shares in the company, valued at approximately $356,652.03. This trade represents a 28.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,776 shares of company stock valued at $574,571 over the last quarter. Company insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. UBS Group AG grew its position in D-Wave Quantum by 541.6% in the third quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after buying an additional 10,205,427 shares during the last quarter. State Street Corp grew its position in D-Wave Quantum by 5.3% in the fourth quarter. State Street Corp now owns 7,707,085 shares of the company’s stock worth $201,540,000 after buying an additional 385,809 shares during the last quarter. Marex Group plc grew its position in D-Wave Quantum by 74.9% in the fourth quarter. Marex Group plc now owns 4,592,656 shares of the company’s stock worth $120,098,000 after buying an additional 1,966,500 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in D-Wave Quantum by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,061,575 shares of the company’s stock worth $80,060,000 after buying an additional 156,864 shares during the last quarter. Finally, Northern Trust Corp grew its position in D-Wave Quantum by 17.1% in the third quarter. Northern Trust Corp now owns 2,792,035 shares of the company’s stock worth $68,991,000 after buying an additional 407,727 shares during the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

D-Wave Quantum Company Profile

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.