D-Wave Quantum (NASDAQ:QBTS) Stock Falls 1% – What’s Next?

D-Wave Quantum Inc. (NASDAQ:QBTS)’s stock price traded down 1% during trading on Monday. The stock traded as low as $11.33 and last traded at $11.54. Approximately 8,941,340 shares traded hands during trading, a decline of 65% from the average session volume of 25,910,314 shares. The stock had previously closed at $11.66.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave signed a non-binding memorandum of understanding with South Korea’s LG CNS to pursue enterprise quantum-optimization use cases and expand adoption in the Asian market. The partnership could support future commercial activity, although the agreement does not guarantee revenue. D-Wave Enters MoU With LG CNS to Drive Quantum Computing Adoption in South Korea
• Positive Sentiment: D-Wave customer Shionogi won first place in the Quality of Life category of Japan’s NEDO Quantum Computing Challenge for drug-discovery research, providing third-party validation of D-Wave’s technology and potential healthcare applications. D-Wave Customer Shionogi Wins First Place in NEDO Quantum Computing Challenge’s Quality of Life Category
• Neutral Sentiment: D-Wave will report third-quarter 2026 results before the market opens on November 10. Investors will be watching bookings, revenue growth, cash usage and losses after the company’s prior quarter missed consensus revenue and EPS estimates. D-Wave Quantum to Report Third Quarter 2026 Financial Results on November 10, 2026
• Neutral Sentiment: Brokerages reportedly have an average price target of $36.27, but that target contrasts with concerns that QBTS may already reflect substantial future growth after its dramatic multiyear rally. D-Wave Quantum Stock Has Average Target Price of $36.27 According to Brokerages
• Negative Sentiment: Multiple law firms publicized a securities class action alleging that D-Wave and certain executives made misleading statements about growth prospects during the February 26–August 25, 2026 class period. Investors have until December 15, 2026 to seek lead-plaintiff status, adding legal and reputational overhang. Pomerantz Law Firm Announces the Filing of a Class Action Against D-Wave Quantum Inc.
• Negative Sentiment: Analysts cited sector-wide selling and higher-rate caution as immediate reasons for the stock’s decline. Separate valuation commentary argues that QBTS looks fully priced relative to its financial performance, including continuing losses and heavy investment needs. Why Is D-Wave Quantum Stock Falling on Wednesday?

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen raised D-Wave Quantum from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Benchmark began coverage on D-Wave Quantum in a research report on Monday, July 27th. They set a “buy” rating and a $30.00 target price on the stock. Weiss Ratings upgraded D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 28th. Wedbush started coverage on D-Wave Quantum in a report on Monday, August 3rd. They issued an “outperform” rating and a $40.00 target price on the stock. Finally, Rosenblatt Securities restated a “buy” rating and issued a $43.00 price target on shares of D-Wave Quantum in a research report on Friday, August 7th. Thirteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, D-Wave Quantum currently has an average rating of “Moderate Buy” and a consensus target price of $36.27.

D-Wave Quantum Trading Down 3.0%

The company has a market cap of $4.35 billion, a price-to-earnings ratio of -16.58 and a beta of 2.18. The company has a debt-to-equity ratio of 0.03, a current ratio of 20.55 and a quick ratio of 20.42. The business’s 50-day simple moving average is $15.92 and its 200-day simple moving average is $19.64.

D-Wave Quantum (NASDAQ:QBTS) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02). D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. The business had revenue of $3.08 million during the quarter, compared to analyst estimates of $4.03 million. During the same quarter in the prior year, the company earned ($0.08) earnings per share. The firm’s revenue for the quarter was down 0.6 compared to the same quarter last year. Research analysts predict that D-Wave Quantum Inc. will post -0.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On D-Wave Quantum

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of D-Wave Quantum in the second quarter valued at $795,206,000. Bank of America Corp DE purchased a new stake in D-Wave Quantum during the 2nd quarter worth about $104,183,000. Bank of New York Mellon Corp purchased a new stake in D-Wave Quantum during the 2nd quarter worth about $54,951,000. Wellington Management Group LLP increased its position in D-Wave Quantum by 372.2% during the 2nd quarter. Wellington Management Group LLP now owns 1,820,070 shares of the company’s stock worth $43,663,000 after purchasing an additional 1,434,657 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in D-Wave Quantum by 52.6% in the 2nd quarter. Van ECK Associates Corp now owns 2,339,788 shares of the company’s stock valued at $56,132,000 after purchasing an additional 806,835 shares during the last quarter. 42.47% of the stock is owned by institutional investors and hedge funds.

D-Wave Quantum Company Profile

D-Wave Quantum Inc (NASDAQ: QBTS) is a quantum computing company that develops and provides quantum computing systems, software, and related services. The company focuses on both quantum annealing and gate-model quantum computing, with the goal of helping organizations address complex optimization, artificial intelligence, materials science, cybersecurity, and other computational challenges.

Its product portfolio includes quantum computing systems, hybrid quantum-classical solutions, and the Leap quantum cloud service, which gives customers access to D-Wave systems through the cloud.