D-Wave Quantum Inc. (NASDAQ:QBTS – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $9.94 and last traded at $10.0230, with a volume of 368,789 shares changing hands. The stock had previously closed at $10.38.
D-Wave Quantum News Roundup
Here are the key news stories impacting D-Wave Quantum this week:
- Positive Sentiment: QBTS shares moved higher alongside other quantum-computing stocks after IonQ reported a third-quarter beat and raised its 2026 revenue outlook to $505 million–$515 million. The reaction suggests optimism about the sector, rather than a D-Wave-specific financial update. Article: IonQ Surges on Beat and Raised Guidance
- Positive Sentiment: D-Wave says an upgrade to its Stride hybrid solver delivers faster, higher-quality optimization results in benchmark tests. It also introduced an applied quantum optimization learning path intended to help enterprise users adopt the technology—potentially supporting future commercial uptake, though the articles do not report new revenue from the release. Article: D-Wave Quantum Upgraded Its Stride Hybrid Solver
- Neutral Sentiment: An earnings-preview analysis acknowledges D-Wave’s customer base but argues that the optimistic growth case may already be reflected in the stock’s valuation. This is an analyst’s assessment, not a company guidance update. Article: D-Wave Quantum Earnings Preview
- Negative Sentiment: Multiple law firms publicized a securities class action concerning investors who bought D-Wave shares during a February–August 2026 class period. The case and related notices add reputational and legal uncertainty; the allegations have not been established as facts. Article: Investors Have Opportunity to Lead Securities Fraud Lawsuit
- Negative Sentiment: A valuation-focused article highlights the gap between D-Wave’s roughly $3.9 billion market value and $12.4 million in revenue, alongside a reported 60% year-to-date share decline. That reinforces concerns about valuation and the company’s ability to convert its technology into substantial sales. Article: D-Wave Carries a $3.9 Billion Price Tag on $12.4 Million in Revenue
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Benchmark initiated coverage on shares of D-Wave Quantum in a research note on Monday, July 27th. They set a “buy” rating and a $30.00 target price for the company. Wedbush started coverage on D-Wave Quantum in a research note on Monday, August 3rd. They set an “outperform” rating and a $40.00 target price for the company. Canaccord Genuity Group set a $35.00 price objective on shares of D-Wave Quantum in a research report on Thursday, August 6th. Roth Capital reaffirmed a “buy” rating and set a $30.00 price target on shares of D-Wave Quantum in a research report on Thursday, August 6th. Finally, Zacks Research downgraded shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Thirteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.40.
Get Our Latest Stock Analysis on QBTS
D-Wave Quantum Stock Up 18.0%
The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average price is $14.58 and its 200-day moving average price is $18.91.
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 (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The business had revenue of $3.08 million during the quarter, compared to analysts’ expectations of $4.03 million. D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%. The business’s quarterly revenue was down 0.6 compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) EPS. As a group, research analysts anticipate that D-Wave Quantum Inc. will post -0.50 EPS for the current fiscal year.
Institutional Investors Weigh In On D-Wave Quantum
A number of hedge funds and other institutional investors have recently bought and sold shares of QBTS. BlackRock Inc. acquired a new position in D-Wave Quantum during the second quarter worth about $795,206,000. Bank of America Corp DE bought a new position in shares of D-Wave Quantum during the 2nd quarter valued at approximately $104,183,000. Bank of New York Mellon Corp purchased a new position in D-Wave Quantum during the 2nd quarter worth $54,951,000. Wellington Management Group LLP boosted its holdings in D-Wave Quantum by 372.2% in the 2nd quarter. Wellington Management Group LLP now owns 1,820,070 shares of the company’s stock worth $43,663,000 after buying an additional 1,434,657 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position 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 buying an additional 806,835 shares during the period. 42.47% of the stock is owned by institutional investors and hedge funds.
About D-Wave Quantum
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.
Featured Stories
- Five stocks we like better than D-Wave Quantum
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
- Airbnb Defied a Brutal Tech Sell-Off, But Can Its Post-Earnings Rally Last?
- MarketBeat Week in Review – 11/2 – 11/6
- Q3 Earnings Have Investors Wondering: Is Mercado Libre Finally a Buy?
Receive News & Ratings for D-Wave Quantum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D-Wave Quantum and related companies with MarketBeat.com's FREE daily email newsletter.
