D-Wave Quantum (QBTS) to Release Quarterly Earnings on Tuesday

D-Wave Quantum (NYSE:QBTS) will likely be announcing its Q1 2026 results before the market opens on Tuesday, May 12th. Analysts expect D-Wave Quantum to post earnings of ($0.08) per share and revenue of $4.1940 million for the quarter. Investors can find conference call details on the company’s upcoming Q1 2026 earning report page for the latest details on the call scheduled for Tuesday, May 12, 2026 at 8:00 AM ET.

D-Wave Quantum (NYSE:QBTS) last released its 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). D-Wave Quantum had a negative return on equity of 58.58% and a negative net margin of 1,444.10%.The company had revenue of $2.75 million during the quarter, compared to analysts’ expectations of $3.74 million. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, analysts expect D-Wave Quantum to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

D-Wave Quantum Trading Up 0.3%

NYSE QBTS opened at $22.65 on Monday. The company has a current ratio of 42.38, a quick ratio of 42.25 and a debt-to-equity ratio of 0.04. D-Wave Quantum has a 1-year low of $9.83 and a 1-year high of $46.75. The firm’s fifty day simple moving average is $17.69 and its 200-day simple moving average is $22.98. The company has a market capitalization of $8.38 billion, a PE ratio of -20.59 and a beta of 1.95.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group set a $43.00 price target on D-Wave Quantum in a report on Thursday, January 29th. Mizuho reduced their target price on D-Wave Quantum from $46.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Roth Mkm lowered their price target on D-Wave Quantum from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 27th. TD Cowen initiated coverage on shares of D-Wave Quantum in a research note on Thursday, February 12th. They issued a “buy” rating for the company. Finally, Wall Street Zen downgraded shares of D-Wave Quantum from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Fourteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.53.

Insider Transactions at D-Wave Quantum

In related news, CFO John M. Markovich sold 10,706 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $17.63, for a total value of $188,746.78. Following the completion of the transaction, the chief financial officer directly owned 1,451,427 shares in the company, valued at approximately $25,588,658.01. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John D. Dilullo sold 8,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $18.01, for a total value of $144,080.00. Following the completion of the transaction, the director directly owned 19,803 shares of the company’s stock, valued at approximately $356,652.03. This trade represents a 28.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,776 shares of company stock worth $574,571 over the last 90 days. Insiders own 3.20% of the company’s stock.

Institutional Trading of D-Wave Quantum

Institutional investors have recently made changes to their positions in the business. UBS Group AG raised its position in D-Wave Quantum by 541.6% in the third quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after purchasing an additional 10,205,427 shares in the last quarter. Marex Group plc boosted its holdings in D-Wave Quantum by 74.9% during the fourth quarter. Marex Group plc now owns 4,592,656 shares of the company’s stock valued at $120,098,000 after purchasing an additional 1,966,500 shares in the last quarter. State Street Corp boosted its holdings in D-Wave Quantum by 41.3% during the second quarter. State Street Corp now owns 6,648,395 shares of the company’s stock valued at $97,333,000 after purchasing an additional 1,941,762 shares in the last quarter. Man Group plc bought a new stake in shares of D-Wave Quantum in the 2nd quarter valued at approximately $26,535,000. Finally, Defiance ETFs LLC acquired a new position in shares of D-Wave Quantum in the 4th quarter worth approximately $39,120,000. 42.47% of the stock is currently owned by institutional investors and hedge funds.

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.