NYSE$QBTS
D-Wave Quantum Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
D-Wave's Q2 2024 financial performance was highlighted by revenue increase and strategic advancements.
D-Wave Quantum Inc. reported a 28% year-over-year increase in revenue for the second quarter of 2024, along with a 6% increase in bookings and a 97% increase in GAAP gross profit. The company also highlighted technical advancements and customer traction.
- Revenue increased by 28% year-over-year.
- Bookings increased by 6% year-over-year.
- GAAP gross profit increased by 97% year-over-year.
- Ended the quarter with $40.9 million in cash.
Headline financials
Revenue & EPS history
D-Wave · Revenue · Quarterly
$2.18M
Forward guidance
D-Wave reiterates the full year 2024 financial guidance set forth in our June 28, 2024, fiscal 2023 fourth quarter and full year earnings press release.
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 Q2 2024
+7.2%
Avg return
Earnings day
+9.5%
Avg return
5 days after
+29.1%
Avg return
30 days after
48%
10 / 21 earnings
Positive
+67.2%
Q1 2023
Best reaction
-21.6%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -9.8% | -17.7% | — | |
| 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 2022 | +67.2% | +80.3% | +208.2% | |
| Q1 2023 | +67.2% | +80.3% | +208.2% | |
| Q4 2020 | +21.0% | +12.0% | +12.0% | |
| Q4 2022 | -21.6% | -5.2% | -36.7% | |
| Q3 2022 | +9.1% | +4.0% | -8.3% | |
| Q3 2021 | +9.1% | +4.0% | -8.3% | |
| Q2 2021 | -8.6% | -21.7% | -24.6% | |
| Q4 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