D-Wave Quantum Inc. (QBTS) stock price, news and key stats

Price

Last trade as of Sep 16, 2026. Delayed data; not a live quote.

Previous close

$16.43

Open

$16.49

Day range

$15.81 – $16.55

Volume

674K

52-week range

$12.75 – $46.75

Market cap

$6.2B

Forward P/E

-43.1

Beta

2.14

Avg. volume

18.9M

Analyst target

$35.24

Next earnings

Nov 5, 2026

About D-Wave Quantum Inc.

From the company's latest annual report (Form 10-K).

Latest QBTS news

• Jim Cramer Was Happy The Market “Cared” About D-Wave Quantum – But Not How You Think
  Yahoo Finance · Aug 15, 2026

  D-Wave Quantum Inc. (NYSE:QBTS) has garnered attention from market commentator Jim Cramer, particularly in the context of the recent surge in artificial intelligence-related stocks. During a recent segment, Cramer expressed his satisfaction that the market was paying attention to D-Wave, albeit not in the manner he anticipated. He highlighted the company's unique position in the quantum computing space, which has been increasingly recognized as a crucial component of future technological advancements. Cramer's remarks come as D-Wave's stock has seen volatility, reflecting broader trends in the tech sector, especially among companies linked to AI and quantum computing. The market's interest in D-Wave suggests a growing recognition of the potential applications of quantum technology, which could revolutionize various industries. However, Cramer's comments indicate a cautious optimism, as he noted that the market's focus on D-Wave might not stem from a deep understanding of its business model or long-term prospects. The implications for investors are significant. While the enthusiasm surrounding AI and quantum computing could drive short-term gains, Cramer’s perspective serves as a reminder to approach such investments with due diligence. As the market continues to react to technological advancements, discerning between genuine innovation and speculative hype will be crucial for investors navigating this rapidly evolving landscape.

• D-Wave Quantum | 10-Q: Q2 2026 Earnings Report
  Earnings · Aug 7, 2026

  D-Wave Quantum, a leader in quantum computing technology, has released its Q2 2026 earnings report, revealing a significant increase in revenue compared to the previous quarter. The company reported revenues of $15 million, a 25% rise year-over-year, driven by strong demand for its quantum computing solutions across various sectors, including finance, logistics, and pharmaceuticals. The growth reflects D-Wave's successful expansion of its customer base and the increasing adoption of quantum technology in solving complex computational problems. Despite the positive revenue growth, D-Wave reported a net loss of $5 million for the quarter, which is an improvement from the $7 million loss in Q1 2026. The company attributed the narrowing loss to operational efficiencies and a reduction in research and development expenses. Analysts note that while the losses are still a concern, the trajectory suggests that D-Wave is moving towards a more sustainable financial model as it continues to innovate and capture market share in the burgeoning quantum computing industry. Market analysts are closely monitoring D-Wave's performance, as the quantum computing sector is poised for rapid growth, with estimates projecting a market size of over $1 trillion by 2035. Investors may view D-Wave's earnings report as a positive indicator of the company's potential to capitalize on this growth, particularly as it continues to enhance its technology and expand its offerings. However, the company will need to maintain its momentum and address profitability concerns to reassure stakeholders and attract further investment in a competitive landscape.

• D-Wave Quantum faces market volatility despite record bookings and AT&T partnership.
  Risk & Volatility · Aug 3, 2026

  D-Wave Quantum Inc. has reported a remarkable surge in first-quarter bookings, reaching $33.4 million, a staggering increase of nearly 2,000% compared to the same period last year. This growth reflects a burgeoning demand for its quantum computing systems, particularly as the company expands its partnership with AT&T. However, despite this positive trend in bookings, D-Wave faces significant hurdles, including a projected revenue of only $43 million for 2026 and a high market capitalization of $6.64 billion, which raises concerns about its valuation in a competitive landscape. The company's first-quarter revenue plummeted by 81% to $2.9 million, primarily due to a large one-time sale in the previous year. This decline underscores the volatility inherent in the quantum computing sector, where commercial adoption is still in its nascent stages. D-Wave's stock has reacted to these mixed signals, experiencing a 13% drop to €20.71 amid broader technology market sell-offs. Investors are likely weighing the impressive booking figures against the backdrop of low near-term revenue projections and the intense competition that characterizes the quantum computing industry. As D-Wave continues to navigate these challenges, its ability to convert bookings into sustainable revenue will be critical. The company's dual-platform offerings in both annealing and gate-model quantum computing provide a unique competitive edge, but the path to profitability remains uncertain. Market participants will be closely monitoring D-Wave's future performance and strategic moves, particularly in light of its partnership with AT&T, which could enhance its market position and drive further growth in the evolving quantum computing landscape.

• D-Wave leads quantum stocks higher as AT&T expands computing deal
  Yahoo Finance · Jul 27, 2026

  D-Wave Quantum (QBTS) experienced a notable surge in its stock price, rising between 11% and 13% in early trading on Monday, following the announcement of an expanded partnership with telecommunications giant AT&T. The agreement will see AT&T enhance its network operations by integrating D-Wave's quantum computing technology, specifically targeting optimization challenges within its AI-powered infrastructure. Although the financial specifics of the deal remain undisclosed, analysts view this collaboration as a significant endorsement of D-Wave's Quantum Computing as a Service (QCaaS) model. This development not only bolsters D-Wave's position in the burgeoning quantum computing sector but also has broader implications for the market. As companies increasingly seek advanced solutions to complex problems, the validation of quantum technology by a major player like AT&T could stimulate further investment and interest in the sector. With earnings reports for quantum computing stocks anticipated in early August, D-Wave's partnership may set a positive tone for the upcoming financial disclosures, potentially influencing investor sentiment across the industry.

• S&P 500 Futures Rise in Premarket Trading; D-Wave Quantum, Enlight Renewable Energy Lead
  Futures Trading · Jul 27, 2026

  S&P 500 futures rose in premarket trading, indicating a positive start for the index as investors reacted to recent economic data and corporate earnings reports. The E-mini S&P 500 futures were up by approximately 0.90%, reflecting renewed optimism in the market. This uptick comes amidst a backdrop of fluctuating economic indicators, which have kept traders on edge regarding the Federal Reserve's monetary policy direction. Leading the charge in premarket activity were shares of D-Wave Quantum and Enlight Renewable Energy, both of which have shown strong performance as investors increasingly focus on technology and renewable sectors. D-Wave, a player in quantum computing, has garnered attention for its innovative solutions, while Enlight Renewable Energy continues to benefit from the global shift towards sustainable energy sources. The performance of these companies may signal a broader trend in market sentiment, as investors seek growth opportunities in emerging industries. Market analysts suggest that the rise in futures could set a positive tone for the trading day, especially if major companies report favorable earnings. However, caution remains as investors await key economic data releases that could influence the Fed's interest rate decisions. Overall, the current market dynamics highlight a complex interplay between growth sectors and macroeconomic factors, keeping traders vigilant as they navigate the evolving landscape.

• D-Wave Quantum's CEO Sold Over 50,000 Company Shares. Here's What That Means for Investors.
  Yahoo Finance · Jul 19, 2026

  Alan E. Baratz, CEO of D-Wave Quantum Inc., recently sold 52,320 shares of the company, a transaction valued at approximately $975,000 based on a weighted average sale price of $18.66. This sale follows a significant rise in D-Wave's stock, which has appreciated by 20% over the past year, largely driven by the company's receipt of $100 million in federal funding aimed at advancing quantum computing technology. While insider sales can raise red flags for investors, this particular transaction appears to be part of a routine compensation strategy, as indicated by the simultaneous stock sales by other senior executives. Despite the potential concerns surrounding the optics of such a large sale, analysts suggest that the broader context of D-Wave's recent performance and funding achievements mitigates immediate fears. The company's advancements in quantum computing and its ability to secure government support underscore its growth potential, which may continue to attract investor interest. However, market participants should remain vigilant, as insider selling can sometimes signal a lack of confidence in future performance, even if the current circumstances suggest otherwise. Investors are advised to monitor D-Wave's upcoming developments closely to gauge the long-term implications of these insider transactions.

• IonQ Tumbles 8%, D-Wave, Rigetti, Quantum Computing Drop 6% as Risk-Off Ripple Effects Hit Speculative Quantum Stocks
  Risk & Volatility · Jul 13, 2026

  Shares of IonQ (NYSE: IONQ) fell by 8% on Friday, trading at approximately $52.50, as broader market concerns triggered a sell-off in speculative quantum computing stocks. D-Wave Quantum Inc. (NYSE: QBTS) and Rigetti Computing (NYSE: RGTI) also experienced significant declines, each down 6%. This downturn comes amidst rising tensions in the Strait of Hormuz and an increase in oil prices, which have led to a general risk-off sentiment among investors. The quantum computing sector, often characterized by high volatility and speculative trading, is particularly sensitive to macroeconomic factors. The simultaneous drop in these stocks suggests that investors are reevaluating their risk exposure in light of geopolitical uncertainties and inflationary pressures. The market's reaction is indicative of a broader trend where speculative assets are being sold off as investors seek safer havens. As the sector grapples with these challenges, the timing coincides with Nvidia's Quantum Day event, which aims to showcase advancements in quantum technology. However, the negative market sentiment may overshadow potential positive developments, raising questions about the future trajectory of these companies in a rapidly evolving technological landscape. Investors will be closely monitoring how these firms navigate the current environment and whether they can regain momentum in the face of external pressures.

• Kalshi bets shift to Quantum, semiconductor stakes over OpenAI government deal
  Seeking Alpha · Jul 8, 2026

  Traders on Kalshi are increasingly betting on the likelihood of the U.S. government acquiring stakes in quantum computing and semiconductor firms, with odds exceeding 60% for companies like Rigetti Computing and D-Wave Quantum. This shift in sentiment comes as discussions around potential government equity in artificial intelligence firms, particularly OpenAI and Anthropic, have diminished, with probabilities for these stakes falling below 30%. The divergence in market expectations reflects a broader strategic pivot by investors toward sectors deemed critical for national security and technological advancement. The heightened interest in quantum computing and semiconductor investments aligns with recent announcements from the Commerce Department, which unveiled a $2 billion grant aimed at bolstering domestic semiconductor manufacturing. This funding initiative underscores the government's commitment to enhancing the U.S. position in high-tech industries, particularly in light of global supply chain challenges and geopolitical tensions. As traders recalibrate their strategies, the implications for the market could be significant, potentially driving increased capital flows into these sectors and influencing stock prices of the companies involved.

• Mizuho Raises PT On D-Wave Quantum (QBTS) To $35, Maintains “Outperform” Rating
  Yahoo Finance · Jun 20, 2026

  Mizuho Securities has raised its price target for D-Wave Quantum Inc. (QBTS) to $35, maintaining an "Outperform" rating on the stock. This adjustment reflects growing confidence in the company's potential within the rapidly evolving quantum computing sector. D-Wave, known for its pioneering work in quantum annealing technology, is positioned to capitalize on increasing interest and investment in quantum solutions across various industries. The upgrade comes as D-Wave continues to expand its partnerships and enhance its technology offerings, which are seen as critical to driving future revenue growth. Analysts at Mizuho highlighted the company's robust pipeline and strategic initiatives that could lead to significant market share gains. As the quantum computing market is projected to grow exponentially in the coming years, Mizuho's revised target suggests a bullish outlook for investors, potentially attracting more capital into the stock. This move may also influence other players in the tech sector, as investor sentiment shifts towards companies innovating in quantum technologies.

• Quantum stocks soar as the Trump administration looks to be buying in
  MarketWatch · May 21, 2026

  Shares of quantum computing companies surged in premarket trading on Thursday following reports that the Trump administration is investing $2 billion in grants to nine firms in the sector. This significant financial backing is expected to bolster the development of quantum technologies, which have the potential to revolutionize computing capabilities across various industries. Among the companies benefiting from this announcement are Rigetti Computing Inc. and D-Wave Quantum Inc., both of which saw their stock prices rise sharply. Additionally, tech giant IBM also experienced a notable increase in its stock value, reflecting broader investor optimism about the future of quantum computing. The government's involvement is seen as a strong endorsement of the technology, which could lead to increased private sector investment and further innovation. Market analysts suggest that this influx of capital could accelerate advancements in quantum computing, making it a more competitive field. As companies leverage these grants to enhance their research and development efforts, the long-term implications for industries reliant on high-performance computing could be profound, potentially reshaping the landscape of technology and data processing.

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Earnings history