NYSE$QBTS
D-Wave Quantum Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
D-Wave Quantum reported Q1 2026 with $2.9M revenue, net loss of $18.4M, and diluted loss per share of $0.05.
For the period ended 2026-03-31, D-Wave Quantum reported $2.9M revenue. Revenue $2.9M vs. $15.0M prior year (timing). Net loss $18.4M. Quantum computing commercialization; revenue lumpy on system deliveries.
- Revenue $2.9M vs. $15.0M prior year (timing).
- Net loss $18.4M.
- Revenue down on delivery timing.
Headline financials
Revenue & EPS history
D-Wave · Revenue · Quarterly
$2.86M
Forward guidance
Quantum computing commercialization; revenue lumpy on system deliveries.
Tailwinds
- Quantum computing leadership and customer bookings.
- Lower loss per share vs. prior year.
Headwinds
- Revenue down on delivery timing.
- Cash burn and technology adoption risk.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+7.2%
Avg return
Earnings day
+9.5%
Avg return
5 days after
+27.5%
Avg return
30 days after
48%
10 / 21 earnings
Positive
+67.2%
Q1 2022
Best reaction
-21.6%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -9.8% | -17.7% | -3.0% | |
| Q4 2025 | -0.6% | -7.2% | -29.3% | |
| Q3 2025 | -10.2% | -6.5% | -13.0% | |
| Q1 2025 | +51.6% | +55.7% | +170.2% | |
| Q4 2024 | +18.7% | +85.6% | +24.6% | |
| Q3 2024 | -7.9% | -16.3% | +180.9% | |
| Q2 2024 | +4.0% | +17.0% | +8.6% | |
| Q1 2024 | +7.7% | +0.0% | -10.8% | |
| Q4 2023 | -5.2% | -12.4% | -31.4% | |
| Q3 2023 | -16.0% | -4.4% | +22.4% | |
| Q2 2023 | -14.2% | -11.2% | -46.1% | |
| Q1 2023 | +67.2% | +80.3% | +208.2% | |
| Q1 2022 | +67.2% | +80.3% | +208.2% | |
| Q4 2020 | +21.0% | +12.0% | +12.0% | |
| Q4 2022 | -21.6% | -5.2% | -36.7% | |
| Q3 2021 | +9.1% | +4.0% | -8.3% | |
| Q3 2022 | +9.1% | +4.0% | -8.3% | |
| Q4 2021 | -8.6% | -21.7% | -24.6% | |
| Q2 2021 | -8.6% | -21.7% | -24.6% | |
| Q2 2022 | -3.1% | -16.4% | -22.2% | |
| Q1 2021 | +1.7% | +1.8% | +1.4% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro