D-Wave Stock Skyrockets 62% After Q1 Earnings: Time to Buy QBTS?
View original at nasdaq.comD-Wave Stock Skyrockets 62% After Q1 Earnings: Time to Buy QBTS? Shares of D-Wave QuantumQBTS struggled from January to mid-May, falling 32.3% amid the uncertainty surrounding its pace of commercialization, uneven revenue recognition and rising competition across quantum computing…
What we drew from this source
The claims Via News extracted from this document. We point to the source; we don't replace it.
Q1 2026 bookings surged 1,994% year over year to a record $33.4 million, supported by a $20 million system sale to Florida Atlantic University and a $10 million two-year QCaaS agreement with a Fortune 100 company.
60% confidenceRemaining performance obligations climbed 563% year over year to $42.4 million.
60% confidenceD-Wave's roadmap targets approximately 175 physical qubits by 2028, 10 logical qubits by 2030, and 100 logical qubits by 2032.
60% confidenceD-Wave's forward 12-month P/S ratio of 179.30x is far above the sector average of 6.77x, above IonQ's 74.72x, but below Rigetti Computing's 244.38x.
60% confidenceA substantial portion of 2026 revenues will be recognized in the second half of the year as large system deals progress toward delivery and installation.
60% confidenceD-Wave's collaboration with Shionogi produced a tenfold increase in desirable drug-like molecules versus classical machine learning approaches.
60% confidenceQBTS currently carries a Zacks Rank #3 (Hold).
60% confidenceD-Wave's Advantage2 quantum system outperformed classical nodes in mining operations on the Postquant Labs blockchain testnet.
60% confidenceD-Wave's sales pipeline more than doubled sequentially during Q1 2026.
60% confidenceD-Wave faces execution risks tied to system-sale timing, backlog conversion, rising operating expenses from the Quantum Circuits acquisition, and intense competition with many commercial applications still emerging.
60% confidenceD-Wave has $588 million in liquidity.
60% confidenceQBTS is projected to report 2026 earnings growth of 72.1% on revenue growth of 63.3% from the 2025 reported figure.
60% confidence
Data points we hold from this source
| D-Wave Quantum Inc. · market share | 179.30 price_to_sales_ratio |
| D-Wave Quantum Inc. · cash | 588 USD |
| D-Wave Quantum Inc. · backlog | 33.4 USD |