D-Wave Quantum (NYSE:QBTS) Trading 2.9% Higher - Here's Why

Key Points

• Shares rose 2.9% to $21.53 on Tuesday on lighter-than-average volume (19.2M shares, down ~35% vs. the 29.5M average), giving the company a market cap near $7.96 billion.
• D‑Wave announced Qubits Europe 2026, a full‑day user conference in London on June 18 to showcase customer use cases and the product roadmap, a move aimed at boosting commercial adoption and investor visibility.
• Wall Street is largely bullish (14 Buys, average price target $35.53), but FQ1 earnings on May 12 — with analysts expecting roughly $4.1M revenue and a GAAP loss — are a near‑term catalyst that could trigger downside if results or guidance disappoint, after a prior quarter that missed estimates.

D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report)'s stock price traded up 2.9% during trading on Tuesday . The stock traded as high as $21.70 and last traded at $21.5290. 19,210,942 shares changed hands during trading, a decline of 35% from the average session volume of 29,499,123 shares. The stock had previously closed at $20.92.

Key D-Wave Quantum News

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

• Positive Sentiment: D-Wave announced Qubits Europe 2026, a full-day user conference in London on June 18 to showcase customer use cases and product roadmap — a move that supports commercial adoption and investor visibility. D-Wave Announces Qubits Europe 2026 Quantum Computing User Conference
• Positive Sentiment: Wall Street coverage is largely bullish ahead of FQ1 (May 12): most analysts rate QBTS a Buy and street estimates call for roughly $4.1M revenue and ~($0.10) GAAP EPS — analyst support can sustain demand into earnings. Here’s What the Street Thinks About D-Wave Quantum (QBTS) Ahead of FQ1 2026 Earnings
• Positive Sentiment: Momentum from recent gains (the stock jumped significantly last month) reflects investor optimism about AI-driven efficiency improvements for quantum hardware and heightened speculative interest. Why D-Wave Quantum Stock Jumped 40% Last Month
• Neutral Sentiment: Nvidia’s new Ising AI models and broader moves into quantum/AI tooling are reframing the competitive landscape — this could create partnership opportunities or intensify competition; impact is ambiguous for QBTS near term. Is Nvidia’s New Quantum Push Quietly Reframing D-Wave Quantum’s (QBTS) Path to Commercial Scale?
• Neutral Sentiment: Company PR and feature pieces are highlighting D-Wave’s commercial positioning and geostrategic angle — useful for brand/visibility but not an immediate earnings driver. D-Wave Quantum ($QBTS): The Unrivaled Titan of Commercial Quantum Computing and Geostrategic Supremacy
• Neutral Sentiment: D-Wave amended CEO compensation to “support growth” — could be read as alignment with long-term goals or as increased near-term cash/non-cash compensation; market interpretation will depend on details. D-Wave Quantum Enhances CEO Compensation to Support Growth
• Negative Sentiment: Near-term risk: FQ1 results (May 12) are a catalyst — estimates call for modest revenue and continued GAAP losses; past EPS misses and wide negative margins mean the report could trigger downside if results or guidance disappoint. Here’s What the Street Thinks About D-Wave Quantum (QBTS) Ahead of FQ1 2026 Earnings

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Weiss Ratings downgraded shares of D-Wave Quantum from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Wednesday, April 29th. TD Cowen assumed coverage on shares of D-Wave Quantum in a research report on Thursday, February 12th. They set a "buy" rating on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $43.00 target price on shares of D-Wave Quantum in a research report on Wednesday, January 28th. Northland Securities assumed coverage on shares of D-Wave Quantum in a research report on Monday, April 20th. They set a "market perform" rating and a $22.00 target price on the stock. Finally, Mizuho cut their target price on shares of D-Wave Quantum from $46.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, February 27th. Fourteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, D-Wave Quantum has an average rating of "Moderate Buy" and an average price target of $35.53.

D-Wave Quantum Stock Up 2.9%

The stock has a market cap of $7.96 billion, a price-to-earnings ratio of -19.57 and a beta of 1.95. The company has a current ratio of 42.38, a quick ratio of 42.25 and a debt-to-equity ratio of 0.04. The stock's 50-day moving average price is $17.44 and its 200-day moving average price is $23.37.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.04). The firm had revenue of $2.75 million during the quarter, compared to analyst estimates of $3.74 million. D-Wave Quantum had a negative return on equity of 58.58% and a negative net margin of 1,444.10%.The business's quarterly revenue was up 21.7% on a year-over-year basis. On average, sell-side analysts expect that D-Wave Quantum Inc. will post -0.44 earnings per share for the current year.

Insider Activity

In other news, CFO John M. Markovich sold 10,706 shares of the business's stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $17.63, for a total value of $188,746.78. Following the transaction, the chief financial officer owned 1,451,427 shares in the company, valued at approximately $25,588,658.01. The trade was a 0.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sophie C. Ames sold 3,070 shares of the business's stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $21.35, for a total transaction of $65,544.50. Following the completion of the transaction, the vice president owned 643,678 shares in the company, valued at $13,742,525.30. This trade 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. Insiders have sold a total of 31,776 shares of company stock worth $574,571 over the last quarter. Company insiders own 3.20% of the company's stock.

Institutional Trading of D-Wave Quantum

Several hedge funds have recently modified their holdings of QBTS. Root Financial Partners LLC increased its stake 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 acquiring an additional 776 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of D-Wave Quantum in the 4th quarter valued at $28,000. EverSource Wealth Advisors LLC increased its stake 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 valued at $30,000 after acquiring an additional 838 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of D-Wave Quantum in the 3rd quarter valued at $30,000. Finally, Financial Consulate Inc. bought a new stake in shares of D-Wave Quantum in the 3rd quarter valued at $31,000. 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.

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