D-Wave Quantum (QBTS) Projected to Announce Earnings on Tuesday

Key Points

• D-Wave Quantum is expected to report Q3 2026 results before the market opens on November 10. Analysts forecast a loss of $0.1008 per share and revenue of $4.37 million.
• The company’s previous quarter fell short of expectations, reporting a $0.10 per-share loss and $3.08 million in revenue versus estimates of $0.08 and $4.03 million, respectively. Analysts project full-year and next-year losses of $0.46 and $0.52 per share.
• Wall Street maintains a generally positive view, but risks have increased. The stock has a “Moderate Buy” consensus rating with a $35.40 target, while B. Riley lowered its target to $27 and securities-fraud class-action allegations have added legal and reputational uncertainty.

D-Wave Quantum (NASDAQ:QBTS - Get Free Report) is projected to post 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. Interested persons can find conference call details on the company's upcoming Q3 2026 earnings overview 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 announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) EPS 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 period in the previous year, the company posted ($0.08) earnings per share. D-Wave Quantum's quarterly 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 Price Performance

Shares of D-Wave Quantum stock opened at $10.09 on Tuesday. The firm has a market cap of $3.73 billion, a PE ratio of -14.21 and a beta of 2.18. The stock has a 50 day moving average of $15.24 and a 200 day moving average of $19.28. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03. D-Wave Quantum has a 12 month low of $10.02 and a 12 month high of $37.62.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Roth Capital reaffirmed a "buy" rating and set a $30.00 price objective on shares of D-Wave Quantum in a report on Thursday, August 6th. Canaccord Genuity Group set a $35.00 target price on shares of D-Wave Quantum in a report on Thursday, August 6th. Rosenblatt Securities reissued 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 reduced 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 research report on Monday. Finally, BMO Capital Markets assumed coverage on shares of D-Wave Quantum in a research note on Thursday, August 20th. They set an "outperform" rating and a $35.00 price target on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.40.

Key Headlines Impacting D-Wave Quantum

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

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.

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