D-Wave Quantum (NYSE:QBTS) Shares Up 10.7% - Should You Buy?

Key Points

• Shares jumped 10.7% to as high as $24.04 on heavy volume after D‑Wave announced a June "Qubits Europe 2026" user conference and caught a broader quantum‑sector rally alongside bullish analyst commentary ahead of mid‑May earnings.
• Near‑term risk: D‑Wave recently missed FQ1 estimates (EPS -$0.09 vs. -$0.05; revenue $2.75M vs. $3.74M), remains unprofitable with very negative margins, and earnings/guidance will likely drive volatility.
• Sentiment is mixed — sizable insider and some institutional selling has occurred recently, even as the analyst consensus (~17 analysts) rates the stock a Moderate Buy with a $35.53 average price target, creating upside expectations amid supply pressure.

D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report)'s share price shot up 10.7% during mid-day trading on Wednesday . The stock traded as high as $24.04 and last traded at $23.8460. 38,275,926 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 29,625,477 shares. The stock had previously closed at $21.54.

Key D-Wave Quantum News

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

• Positive Sentiment: Company catalyst — D‑Wave announced "Qubits Europe 2026: Quantum Realized," a June 18 London user conference that the company will use to highlight customer use cases, product roadmap updates and commercial adoption — a time‑stamped event that can spark short‑term buying and media attention. D‑Wave Announces Qubits Europe 2026 Quantum Computing User Conference
• Positive Sentiment: Sector momentum — pure‑play quantum names are rallying today, lifting QBTS alongside peers; this group bid is reinforcing pre‑earnings positioning. Which Quantum Computing Stock Has Dominated in 2026: IonQ, Rigetti, or D‑Wave?
• Positive Sentiment: Analyst/upside narratives — recent coverage (including a Zacks piece and multiple bullish analyst price targets) has highlighted potential large upside ahead of earnings, which can attract momentum traders and flow into the stock. Best Stocks for May: QBTS, RGTI With 75% Target Upside Before Earnings
• Neutral Sentiment: Earnings calendar — investors are positioning ahead of FQ1 results (expected mid‑May); anticipated revenue and EPS guidance will be a primary near‑term mover but are currently a catalyst rather than a concrete positive or negative. Here’s What the Street Thinks About D‑Wave Quantum (QBTS) Ahead of FQ1 2026 Earnings
• Neutral Sentiment: Corporate moves — the company amended CEO compensation to support growth/retention; this can be viewed as supportive for execution but may raise governance or dilution questions for some investors. D‑Wave Quantum Enhances CEO Compensation to Support Growth
• Negative Sentiment: Insider and institutional selling — recent filings show extensive insider sales (CEO, CFO and others) and large institutional portfolio reductions by some funds, which can weigh on sentiment and provide supply into rallies. D‑Wave Quantum (QBTS) jumps 9.1% as investors react to Europe event news and a broader quantum‑stock bid ahead of earnings

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of D-Wave Quantum from a "hold" rating to a "sell" rating in a report on Saturday, February 7th. TD Cowen assumed coverage on shares of D-Wave Quantum in a report on Thursday, February 12th. They set a "buy" rating for the company. Benchmark reiterated a "buy" rating and set a $35.00 price objective on shares of D-Wave Quantum in a report on Friday, January 23rd. Northland Securities assumed coverage on shares of D-Wave Quantum in a report on Monday, April 20th. They set a "market perform" rating and a $22.00 price objective for the company. Finally, Weiss Ratings lowered shares of D-Wave Quantum from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, April 29th. Fourteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.53.

D-Wave Quantum Stock Up 10.7%

The company has a debt-to-equity ratio of 0.04, a quick ratio of 42.25 and a current ratio of 42.38. The company has a market cap of $8.82 billion, a P/E ratio of -21.68 and a beta of 1.95. The business's fifty day moving average is $17.51 and its two-hundred day moving average is $23.21.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate 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 business had revenue of $2.75 million during the quarter, compared to the consensus estimate of $3.74 million. The business's quarterly revenue was up 21.7% on a year-over-year basis. Equities analysts predict that D-Wave Quantum Inc. will post -0.44 EPS for the current year.

Insider Buying and Selling at D-Wave Quantum

In other news, Director John D. Dilullo sold 8,000 shares of the business's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $18.01, for a total value of $144,080.00. Following the completion of the sale, the director owned 19,803 shares in the company, valued at approximately $356,652.03. The trade was a 28.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sophie C. Ames sold 3,070 shares of the business's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $21.35, for a total transaction of $65,544.50. Following the completion of the sale, the vice president owned 643,678 shares of the company's stock, valued at approximately $13,742,525.30. This represents a 0.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 31,776 shares of company stock worth $574,571. 3.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On D-Wave Quantum

Several large investors have recently modified their holdings of QBTS. Root Financial Partners LLC raised its holdings in shares of D-Wave Quantum by 388.0% in the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company's stock valued at $26,000 after purchasing an additional 776 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of D-Wave Quantum in the 4th quarter worth approximately $28,000. PeakShares LLC purchased a new position in shares of D-Wave Quantum in the 1st quarter worth approximately $29,000. EverSource Wealth Advisors LLC grew its position in shares of D-Wave Quantum by 267.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company's stock worth $30,000 after buying an additional 838 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new position in shares of D-Wave Quantum in the 3rd quarter worth approximately $30,000. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.