Back to directory

D-Wave Quantum Inc.

NYSE: QBTS
11.56
as of 2026-10-30
Upcoming eventsChart
Business overview

Quantum annealing, relevant for logistics/defense optimization. Only company with both technologies (annealing + gate-model).

Watch: Next: D-Wave Quantum Inc. — quarterly earnings release — 2026-11-10

Valuation
Loading valuation…
View open tenders in Quantum computing

Update log

DateNewsImpact
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026PR Newswire
10/29/2026
Event outcome: Unknown
event_outcome
Qubits Asia 2026 user conference — No reliable public confirmation of this event was found.
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026Yahoo Finance
10/28/2026Yahoo Finance
10/28/2026Yahoo Finance
10/28/2026Yahoo Finance
10/28/2026Yahoo Finance
10/28/2026EX-99.2 — Regulation FD disclosure · Financial statements and exhibits
10/28/2026EX-99.1 — Regulation FD disclosure · Financial statements and exhibits
10/28/20268-K — Regulation FD disclosure · Financial statements and exhibits
10/28/2026The Quantum Insider
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026PR Newswire
10/28/2026PR Newswire
10/27/2026PR Newswire
10/27/2026Yahoo Finance
10/27/2026Yahoo Finance
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/27/2026PR Newswire
10/26/2026PR Newswire
10/26/2026Yahoo Finance
10/26/2026Yahoo Finance
10/26/2026PR Newswire
10/26/2026PR Newswire
10/26/2026PR Newswire
10/26/2026PR Newswire
10/26/2026PR Newswire
10/26/2026PR Newswire
10/26/2026PR Newswire
10/26/2026PR Newswire
10/26/2026PR Newswire
10/26/2026PR Newswire
10/26/2026PR Newswire
10/26/2026PR Newswire
10/26/2026PR Newswire
10/26/2026PR Newswire
10/26/2026PR Newswire
10/24/2026PR Newswire
10/24/2026Yahoo Finance
10/23/2026PR Newswire
10/23/2026PR Newswire
10/23/2026PR Newswire
10/23/2026Yahoo Finance
10/23/2026Federal agency Post-Quantum Cryptography Migration Plans due to OMB/ONCD (Executive Order 14411, signed June 22, 2026) — the first concrete compliance checkpoint in a program targeting full PQC key migration by Dec 31, 2030. Near-term relevance: agencies must show real procurement/adoption intent by this date, not just long-term roadmaps. — Federal civilian agencies faced an October 22, 2026, deadline to submit their post-quantum cryptography (PQC) migration plans to the Office of Management and Budget (OMB) and the Office of the National Cyber Director (ONCD), as mandated by OMB Memorandum M-26-15. This requirement, stemming from Executive Order 14412 signed in June 2026, directs agencies to provide risk-prioritized strategies for cryptographic discovery, execution milestones, and the decommissioning of legacy systems that cannot support PQC.
10/22/2026Yahoo Finance
10/22/2026Yahoo Finance
10/22/2026Yahoo Finance
10/21/2026Yahoo Finance
10/21/2026Yahoo Finance
10/20/2026Yahoo Finance
10/20/2026Yahoo Finance
10/20/2026Yahoo Finance
10/20/2026Yahoo Finance
10/20/2026Yahoo Finance
10/15/2026Yahoo Finance
10/15/2026Yahoo Finance
10/15/2026Yahoo Finance
10/15/2026Yahoo Finance
10/15/2026D-Wave Quantum Inc. announced the delivery of its Advantage2 annealing quantum computer to Italy for installation in Como, supported by funding from Swiss Quantum Technology SA.
10/14/2026Yahoo Finance
10/14/2026Yahoo Finance
10/14/2026Yahoo Finance
10/13/2026D-Wave Quantum and SkyWater Technology have entered into a multi-year agreement to extend their semiconductor manufacturing partnership for quantum systems.
10/13/2026Yahoo Finance
10/13/2026Yahoo Finance
10/13/2026Yahoo Finance
10/13/2026Yahoo Finance
10/9/2026Yahoo Finance
10/9/2026Yahoo Finance
10/7/2026Yahoo Finance
10/7/2026Yahoo Finance
10/6/2026Yahoo Finance
10/6/2026Yahoo Finance
10/6/2026Yahoo Finance
10/6/2026Yahoo Finance
10/5/2026Yahoo Finance
10/5/2026D-Wave Quantum Inc. and the University of Arkansas have established a partnership to study the application of quantum computing to supply chain management challenges.
10/5/2026Yahoo Finance
10/2/2026
Event outcome: Unknown
event_outcome
Expected heavy revenue skew to Q4 2026 — No reliable public confirmation or corporate announcement was found regarding a specific event or revenue guidance update for D-Wave Quantum Inc. on October 1, 2026.
10/1/20268-K — Regulation FD disclosure · Financial statements and exhibits
10/1/2026Yahoo Finance
10/1/2026D-Wave Quantum Inc. launched a beta program for its gate-model quantum simulator, representing a milestone in its development roadmap.
10/1/2026EX-99.1 — Regulation FD disclosure · Financial statements and exhibits
10/1/2026Yahoo Finance
10/1/2026Yahoo Finance
9/30/2026Yahoo Finance
9/26/2026Yahoo Finance
9/25/2026Yahoo Finance
9/24/2026Yahoo Finance
9/24/2026Yahoo Finance
9/24/2026Yahoo Finance
9/23/2026An analysis of D-Wave Quantum's stock valuation relative to its book value following a period of significant share price movement.
9/23/2026Yahoo Finance
9/23/2026CGI and D-Wave Quantum have announced a strategic partnership to advance the practical application of quantum computing in enterprise industries.
9/23/2026Yahoo Finance
9/23/2026Yahoo Finance
9/23/2026Yahoo Finance
9/23/2026Yahoo Finance
9/23/2026D-Wave Quantum added Bernard Gavgani to its Board of Directors and Cybersecurity Committee amid mixed market trends.
9/22/2026D-Wave Quantum Inc. is mentioned alongside other quantum computing stocks in a report discussing market volatility and financial signals.
9/22/2026D-Wave Quantum reports consistent quarterly revenue between $2 million and $4 million, with a notable $15 million system sale in Q1 2025, despite significant growth in bookings and performance obligations.
9/22/2026EX-10.1 — Officer / director departure or appointment · Financial statements and exhibits
9/22/20268-K/A — Officer / director departure or appointment · Financial statements and exhibits
9/21/2026EX-99.1 — Officer / director departure or appointment · Financial statements and exhibits
9/21/20268-K — Officer / director departure or appointment · Financial statements and exhibits
9/21/2026Yahoo Finance
9/21/2026Yahoo Finance
9/21/2026D-Wave Quantum Inc. has appointed veteran financial technology executive Bernard Gavgani to its Board of Directors and Cybersecurity Committee.
9/17/2026Yahoo Finance
9/17/2026EX-99.1 — Regulation FD disclosure · Financial statements and exhibits
9/17/2026Yahoo Finance
9/17/20268-K — Regulation FD disclosure · Financial statements and exhibits
9/15/2026Yahoo Finance
9/15/2026EX-99.1 — Regulation FD disclosure · Financial statements and exhibits
9/15/20268-K — Regulation FD disclosure · Financial statements and exhibits
9/14/2026Yahoo Finance
9/14/2026Yahoo Finance
9/12/2026Yahoo Finance
9/12/2026Yahoo Finance
9/12/2026Yahoo Finance
9/10/2026Yahoo Finance
9/10/20268-K — Other material events · Financial statements and exhibits
9/10/2026Yahoo Finance
9/10/2026EX-5.1 — Other material events · Financial statements and exhibits
9/9/20268-K/A — Entry into a material agreement · Unregistered sale of securities · Other material events · Financial statements and exhibits
9/9/2026EX-10.2 — Entry into a material agreement · Unregistered sale of securities · Other material events · Financial statements and exhibits
9/9/2026Yahoo Finance
9/9/2026Yahoo Finance
9/8/2026S - Sale transaction of -1,100 shares at $18.00
9/8/2026Yahoo Finance
9/8/2026Yahoo Finance
9/8/20268-K — Entry into a material agreement · Regulation FD disclosure · Other material events · Financial statements and exhibits
9/8/2026Yahoo Finance
9/8/2026Yahoo Finance
9/8/2026EX-10.1 — Entry into a material agreement · Regulation FD disclosure · Other material events · Financial statements and exhibits
9/8/2026EX-99.1 — Entry into a material agreement · Regulation FD disclosure · Other material events · Financial statements and exhibits
9/8/2026D-Wave Quantum finalized a definitive agreement with the U.S. Department of Commerce for up to $100 million in funding.
9/8/2026The U.S. government committed $300 million in total funding, including $100 million for D-Wave, in exchange for equity stakes.
9/8/2026D-Wave Quantum shares rose following the announcement of a $100 million funding agreement with the U.S. government.
9/8/2026The U.S. Commerce Department acquired equity stakes in D-Wave and Rigetti Computing.
9/4/2026Yahoo Finance
9/3/2026Resignation of Chief Financial Officer — D-Wave Quantum Inc. CFO John Markovich retired and resigned from his position effective September 2, 2026, as previously announced on August 25, 2026. Greg Golkov, the company's senior vice president of finance, has assumed the role of acting Chief Financial Officer.
9/2/2026Yahoo Finance
8/29/2026Yahoo Finance
8/29/2026Yahoo Finance
8/28/2026Yahoo Finance
8/26/2026Yahoo Finance
8/26/2026Yahoo Finance
8/26/2026Yahoo Finance
8/25/2026Yahoo Finance
8/25/2026Yahoo Finance
8/25/2026EX-99.1 — Officer / director departure or appointment · Financial statements and exhibits
8/25/20268-K — Officer / director departure or appointment · Financial statements and exhibits
8/24/2026Yahoo Finance
8/24/2026Yahoo Finance
8/24/2026Yahoo Finance
8/23/2026Yahoo Finance
8/21/2026Yahoo Finance
8/21/2026Yahoo Finance
8/21/2026Yahoo Finance
8/21/2026Yahoo Finance
8/21/2026Yahoo Finance
8/21/2026Yahoo Finance
8/21/2026Yahoo Finance
8/20/2026Yahoo Finance
8/19/2026D-Wave Quantum Inc. is noted for its divergence in revenue and financial performance following Q2 2026 earnings reports.
8/19/2026Yahoo Finance
8/19/2026Yahoo Finance
8/19/2026Yahoo Finance
8/18/2026EX-99.1 — Regulation FD disclosure · Financial statements and exhibits
8/18/2026Yahoo Finance
8/18/2026NTT DOCOMO has deployed its second D-Wave-powered quantum application to assist with network optimization.
8/18/20268-K — Regulation FD disclosure · Financial statements and exhibits
8/18/2026Yahoo Finance
8/17/2026D-Wave is identified as one of the quantum sector players seeing divergent stock performance compared to other small-cap quantum companies.
8/17/2026Yahoo Finance
8/17/20268-K — Officer / director departure or appointment · Financial statements and exhibits
8/17/2026D-Wave Quantum Inc. has appointed veteran technology finance executive Kevan P. Krysler to its Board of Directors and Audit Committee.
8/17/2026Yahoo Finance
8/17/2026EX-99.1 — Officer / director departure or appointment · Financial statements and exhibits
8/17/2026D-Wave Quantum has partnered with Nasdaq Verafin to utilize its quantum computing solutions for financial crime detection in the banking sector.
8/16/2026Yahoo Finance
8/15/2026Yahoo Finance
8/12/2026Yahoo Finance
8/12/2026The Quantum Insider
8/10/2026Yahoo Finance
8/10/2026Yahoo Finance
8/7/2026D-Wave Quantum shares declined following a Q2 financial report showing a wider-than-expected loss and revenue miss.
8/7/2026Yahoo Finance
8/7/2026Yahoo Finance
8/7/2026Yahoo Finance
8/7/2026
Rating revision: Rating 2 → Rating 3
AI review
While D-Wave shows impressive growth in bookings, the significant revenue miss and ongoing net losses warrant a more cautious outlook. The volatility in financial performance combined with concerns over valuation and the CEO's future stock disposition increases the structural risk profile. Therefore, moving to a speculative rating is a prudent adjustment until consistent revenue growth is demonstrated.
8/7/2026D-Wave Quantum has seen significant stock appreciation over three years, with recent research and commercial partnerships supporting its growth narrative despite valuation concerns.
8/7/2026D-Wave Quantum reported Q2 revenue of US$3.08 million and a net loss of US$48.03 million, leading to a decline in its share price.
8/6/202610-Q — Period: 2026-06-30
8/6/2026EX-10.3 — Period: 2026-06-30
8/6/2026EX-10.2 — Period: 2026-06-30
8/6/2026EX-99.1 — Results of operations released · Financial statements and exhibits
8/6/2026D-Wave Quantum stock declined following an earnings report that showed lower-than-expected revenue, despite a 1,120% surge in bookings.
8/6/2026This article provides a summary of D-Wave Quantum Inc.'s Q2 2026 earnings call.
8/6/20268-K — Results of operations released · Financial statements and exhibits
8/5/2026D-Wave Quantum Inc. announced a research breakthrough in gate-model quantum computing involving a fast, high-fidelity, two-qubit entangling gate for error correction.
8/5/2026D-Wave Quantum Inc. published research in Nature detailing a new dual-rail qubit gate aimed at improving quantum error correction for gate-model systems.
8/5/2026EX-99.1 — Regulation FD disclosure · Financial statements and exhibits
8/5/20268-K — Regulation FD disclosure · Financial statements and exhibits
8/3/2026Yahoo Finance
8/3/2026EX-99.1 — Regulation FD disclosure · Financial statements and exhibits
8/3/2026D-Wave Quantum Inc. and Nasdaq Verafin have announced a partnership to evaluate the application of quantum computing systems for financial crime detection.
8/3/2026Yahoo Finance
8/3/2026Yahoo Finance
8/3/20268-K — Regulation FD disclosure · Financial statements and exhibits
8/3/2026Yahoo Finance
7/30/2026Yahoo Finance
7/29/2026Yahoo Finance
7/29/2026Yahoo Finance
7/28/2026
Rating revision: Rating 1 → Rating 2
AI review
While D-Wave maintains technological leadership, the recent revenue volatility and the upcoming CEO share sale introduce significant structural risks that warrant a more cautious stance. Moving the rating from 1 to 2 reflects these underlying financial uncertainties despite the company's strong commercial momentum and recent strategic partnerships. This conservative adjustment prioritizes risk management in light of the erratic quarterly performance.
7/28/2026Yahoo Finance
7/28/2026Yahoo Finance
7/27/2026The Quantum Insider
7/27/2026
Rating revision: Rating 2 → Rating 1
AI review
The successful expansion of the AT&T partnership serves as a strong validation of D-Wave's technology, significantly strengthening their commercial application profile. This milestone, combined with positive industry analyst outlooks, justifies upgraded confidence despite the previous structural risks mentioned. The improved rating reflects these tangible business developments which move the company closer to consistent revenue generation.
7/27/2026Yahoo Finance
7/27/2026Yahoo Finance
7/27/2026Yahoo Finance
7/27/2026Yahoo Finance
7/27/2026EX-99.1 — Regulation FD disclosure · Financial statements and exhibits
7/27/2026Yahoo Finance
7/27/20268-K — Regulation FD disclosure · Financial statements and exhibits
7/27/2026AT&T has entered into a new agreement to expand the implementation of D-Wave's quantum technology across its network operations.
7/27/2026AT&T is expanding its collaboration with D-Wave Quantum to utilize quantum annealing technology for network optimization tasks such as routing and outage detection.
7/27/2026D-Wave Quantum stock experienced a 7% increase following the announcement of an expanded partnership agreement with AT&T.
7/27/2026
Rating revision: Rating 3 → Rating 2
AI review
The expanded partnership with AT&T provides critical commercial validation for D-Wave's annealing technology, reducing some of the risk associated with its erratic revenue streams. Given the strong balance sheet and increased government and corporate adoption, the company has demonstrated enough progress to warrant a shift to a higher potential tier. However, structural risks regarding executive share sales remain, justifying a move to tier 2 rather than tier 1.
7/27/2026Yahoo Finance
7/27/2026Yahoo Finance
7/27/2026Yahoo Finance
7/27/2026Yahoo Finance
7/27/2026Yahoo Finance
7/27/2026Yahoo Finance
7/27/2026D-Wave expanded its partnership with AT&T to apply its annealing quantum computing technology to network optimization.
7/27/2026
NYSE to Nasdaq listing transfer (same ticker QBTS) - voluntary and administrative move.
Not a distress signal, but coincides with broader sectoral nervousness
7/24/2026EX-99.1 — Regulation FD disclosure · Financial statements and exhibits
7/24/20268-K — Regulation FD disclosure · Financial statements and exhibits
7/24/2026Yahoo Finance
7/24/2026Yahoo Finance
7/23/2026Yahoo Finance
7/23/2026Yahoo Finance
7/22/2026Yahoo Finance
7/22/2026Yahoo Finance
7/22/2026Yahoo Finance
7/22/2026Yahoo Finance
7/22/2026Yahoo Finance
7/22/2026Yahoo Finance
7/21/2026Investing.com France
7/21/2026Yahoo Finance
7/21/2026Yahoo Finance
7/20/2026S - Sale transaction of -3,070 shares at $16.95
7/20/2026Yahoo Finance
7/20/2026Yahoo Finance
7/17/2026Zonebourse
7/15/2026TIKR.com
7/14/2026Investing.com France
6/30/2026TIKR.com
6/15/2026S - Sale transaction of -13,518 shares at $26.41
6/12/2026S - Sale transaction of -246,043 shares at $25.40
6/8/2026S - Sale transaction of -51,049 shares at $26.24
6/8/2026S - Sale+OE transaction of -687,627 shares at $26.13
6/8/2026
Discretionary CEO sale: 687,627 shares (~$18M), reducing position by ~17%, largely outside of 10b5-1 plan, at the local top (~$26).
Moderately bearish indicator according to at least one analyst – to be monitored.
6/5/2026Benzinga France
5/21/2026Investing.com France
5/12/2026
Q1 2026 Results: Revenue $2.9M (-81% YoY). RECORD bookings $33.4M (+1994% YoY). RPO $42.4M (+563% YoY).
Confused but healthy quarter: the one-off system sales model explains the divergence between revenue and bookings.
5/12/2026
Cash position $588M (+93% YoY) - the strongest in the company's history.
Strong liquidity cushion to finance the path to profitability.
2/26/2026XTB.com
2/26/202610-K — Period: 2025-12-31
10/19/2025Electronique Composants & Instrumentation
5/7/2025EX-10.2 — Officer / director departure or appointment · Financial statements and exhibits
5/7/20258-K — Officer / director departure or appointment · Financial statements and exhibits
8/26/202210-Q — Period: 2022-06-30
8/11/20228-K — Entry into a material agreement · Completed acquisition or disposition · Unregistered sale of securities · Change in auditor · Change of control · Officer / director departure or appointment · Item 5.05 · Item 5.06 · Regulation FD disclosure · Financial statements and exhibits
Janvier 2026
Quantum Circuits acquisition - D-Wave becomes the ONLY quantum company listed with both technologies (annealing + gate-model).
Real strategic differentiation vs IonQ and Rigetti