D-Wave Quantum (NASDAQ:QBTS – Get Free Report) will likely be issuing its Q3 2026 results before the market opens on Tuesday, November 10th. Analysts expect the company to post earnings of ($0.1008) per share and revenue of $4.37 million for the quarter. Investors may visit the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Tuesday, November 10, 2026 at 8:00 AM ET.
D-Wave Quantum (NASDAQ:QBTS – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $3.08 million for the quarter, compared to the consensus estimate of $4.03 million. During the same quarter last year, the firm earned ($0.08) EPS. The company’s revenue was down 0.6 on a year-over-year basis. On average, analysts expect D-Wave Quantum to post ($0.46) EPS for the current fiscal year and ($0.52) EPS for the next fiscal year.
D-Wave Quantum Trading Down 5.3%
QBTS stock opened at $10.09 on Tuesday. D-Wave Quantum has a twelve month low of $10.02 and a twelve month high of $37.62. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -14.21 and a beta of 2.18. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $15.24 and its two-hundred day simple moving average is $19.28.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and issued a $43.00 target price on shares of D-Wave Quantum in a report on Friday, August 7th. B. Riley Financial cut their price target on shares of D-Wave Quantum from $40.00 to $27.00 and set a “buy” rating on the stock in a report on Monday. Weiss Ratings raised shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 28th. Jefferies Financial Group set a $40.00 price objective on shares of D-Wave Quantum in a research report on Friday, August 7th. Finally, Zacks Research downgraded shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Thirteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, D-Wave Quantum presently has a consensus rating of “Moderate Buy” and an average price target of $35.40.
Read Our Latest Analysis on QBTS
Key D-Wave Quantum News
Here are the key news stories impacting D-Wave Quantum this week:
- Neutral Sentiment: B. Riley cut its price target from $40 to $27 but maintained a “Buy” rating. The revised target still implies substantial upside from the recent trading level, although the reduction reflects a more cautious valuation outlook. B. Riley price target report
- Neutral Sentiment: A comparison of D-Wave and Rigetti Computing highlighted D-Wave’s focus on commercial quantum annealing and its newer government-focused business unit. The article did not announce a new contract, financial result, or other immediate catalyst. D-Wave versus Rigetti comparison
- Negative Sentiment: Several law firms publicized a securities-fraud class action against D-Wave. The complaint alleges that the company made material misstatements or omissions about its financial performance, growth prospects, and operational momentum during the February 26–August 25, 2026 class period. These are allegations, not established findings. Investors have until December 15, 2026, to seek lead-plaintiff status. The repeated announcements increase visibility around potential litigation costs, reputational damage, and investor uncertainty. D-Wave securities-fraud lawsuit notice
- Negative Sentiment: The legal allegations follow concerns about weaker-than-expected results: D-Wave previously reported quarterly revenue of $3.08 million versus a $4.03 million consensus estimate and a larger-than-expected adjusted loss. The lawsuit notices reference a prior stock decline and allege that reported revenue did not support the company’s earlier growth narrative. QBTS shareholder alert
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.
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