Sign In
Buy QBTS
D-Wave Quantum Earnings Calls
| Release date | May 12, 2026 |
| EPS estimate | -$0.0800 |
| EPS actual | -$0.0282 |
| EPS Surprise | 64.78% |
| Revenue estimate | 4.194M |
| Revenue actual | 2.858M |
| Revenue Surprise | -31.86% |
| Release date | Feb 26, 2026 |
| EPS estimate | -$0.0500 |
| EPS actual | -$0.120 |
| EPS Surprise | -140.00% |
| Revenue estimate | 3.743M |
| Revenue actual | 2.752M |
| Revenue Surprise | -26.48% |
| Release date | Nov 06, 2025 |
| EPS estimate | -$0.0656 |
| EPS actual | -$0.410 |
| EPS Surprise | -525.10% |
| Revenue estimate | 3.033M |
| Revenue actual | 3.739M |
| Revenue Surprise | 23.29% |
| Release date | Aug 07, 2025 |
| EPS estimate | -$0.0600 |
| EPS actual | -$0.550 |
| EPS Surprise | -816.67% |
| Revenue estimate | 3.028M |
| Revenue actual | 3.095M |
| Revenue Surprise | 2.23% |
Last 4 Quarters for D-Wave Quantum
Below you can see how QBTS performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 07, 2025 |
| Price on release | $17.17 |
| EPS estimate | -$0.0600 |
| EPS actual | -$0.550 |
| EPS surprise | -816.67% |
| Date | Price |
|---|---|
| Aug 01, 2025 | $16.38 |
| Aug 04, 2025 | $17.18 |
| Aug 05, 2025 | $18.30 |
| Aug 06, 2025 | $17.58 |
| Aug 07, 2025 | $17.17 |
| Aug 08, 2025 | $16.90 |
| Aug 11, 2025 | $17.37 |
| Aug 12, 2025 | $18.51 |
| Aug 13, 2025 | $18.65 |
| 4 days before | 4.82% |
| 4 days after | 8.62% |
| On release day | -1.57% |
| Change in period | 13.86% |
| Release date | Nov 06, 2025 |
| Price on release | $28.39 |
| EPS estimate | -$0.0656 |
| EPS actual | -$0.410 |
| EPS surprise | -525.10% |
| Date | Price |
|---|---|
| Oct 31, 2025 | $37.06 |
| Nov 03, 2025 | $33.09 |
| Nov 04, 2025 | $29.74 |
| Nov 05, 2025 | $31.02 |
| Nov 06, 2025 | $28.39 |
| Nov 07, 2025 | $29.50 |
| Nov 10, 2025 | $29.37 |
| Nov 11, 2025 | $28.99 |
| Nov 12, 2025 | $26.40 |
| 4 days before | -23.39% |
| 4 days after | -7.01% |
| On release day | 3.91% |
| Change in period | -28.76% |
| Release date | Feb 26, 2026 |
| Price on release | $20.14 |
| EPS estimate | -$0.0500 |
| EPS actual | -$0.120 |
| EPS surprise | -140.00% |
| Date | Price |
|---|---|
| Feb 20, 2026 | $18.06 |
| Feb 23, 2026 | $18.05 |
| Feb 24, 2026 | $18.66 |
| Feb 25, 2026 | $19.67 |
| Feb 26, 2026 | $20.14 |
| Feb 27, 2026 | $18.78 |
| Mar 02, 2026 | $18.94 |
| Mar 03, 2026 | $18.24 |
| Mar 04, 2026 | $18.91 |
| 4 days before | 11.52% |
| 4 days after | -6.11% |
| On release day | -6.75% |
| Change in period | 4.71% |
| Release date | May 12, 2026 |
| Price on release | $22.34 |
| EPS estimate | -$0.0800 |
| EPS actual | -$0.0282 |
| EPS surprise | 64.78% |
| Date | Price |
|---|---|
| May 06, 2026 | $23.84 |
| May 07, 2026 | $22.00 |
| May 08, 2026 | $22.55 |
| May 11, 2026 | $24.02 |
| May 12, 2026 | $22.34 |
| May 13, 2026 | $21.42 |
| May 14, 2026 | $22.15 |
| May 15, 2026 | $20.35 |
| May 18, 2026 | $19.07 |
| 4 days before | -6.29% |
| 4 days after | -14.64% |
| On release day | -4.12% |
| Change in period | -20.01% |
D-Wave Quantum Earnings Call Transcript Summary of Q1 2026
D-Wave reported Q1 2026 revenue of $2.9M (down YoY due to a large system sale in prior year) but delivered a major beat in bookings and backlog: $33.4M in bookings (up ~1,994% YoY) and $42.4M of remaining performance obligations (RPO), with ~54% of RPO expected to be recognized in the next 12 months. The company emphasized dual-platform differentiation (annealing + newly acquired gate-model capability from Quantum Circuits) and promoted its dual-rail qubit technology as a potential step-change in fidelity, speed, error-detection and scalability. Management reiterated commercial traction for annealing systems today (customers across enterprise and research, production use cases in optimization, AI and blockchain testnet activity) and provided a gate-model roadmap targeting ~175 physical qubits by end of 2028, 10 logical qubits by 2030 and 100 logical qubits by 2032. Operating expenses rose materially (GAAP OpEx $56.5M) driven by the Quantum Circuits acquisition and increased R&D and go-to-market spend; adjusted EBITDA loss widened to $32.8M. Cash and marketable securities stood at $588.4M after spending $250M on the Quantum Circuits acquisition; management says liquidity supports a fully funded path to profitability. Management expects 2–3 system sales in 2026 (at least two deliveries expected) and that a substantial portion of 2026 revenue will be recognized in H2.
