D-Wave Quantum Inc. has attracted high analyst conviction with a price target implying 40% upside and positive news sentiment from 10 recent articles, but burns cash at 510% of revenue, holds a Piotroski F-Score of only 3/9, and has missed earnings estimates in 2 of the last 4 quarters including a -47% negative surprise.
Thesis pillars
- Extreme Cash Burn Quality Deficit→Stable
- Analyst Sentiment Upside↓Deteriorating
- Earnings Inconsistency Risk→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 26, 2026
D-Wave Quantum Inc. (QBTS) Stock Analysis
Technology · Computer Hardware
Sell if holding. Engine safety override at $11.77: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.8/10 and A.R:R 12.8:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 24%; Below-average business quality; Negative price momentum.
In addition to D-Wave's history of innovation with annealing quantum computers, we have been making steady progress with our gate-model technology development as well. Both the annealing and gate-model technology are built on superconducting qubits which we believe have a... Read more
Sell if holding. Engine safety override at $11.77: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.8/10 and A.R:R 12.8:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 24%; Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Score 4.8/10, moderate confidence.
Passes 4/8 gates (favorable risk/reward ratio, clean insider activity, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA). Suitability: speculative.
Recent developments
updated 2026-10-29Recent Developments — D-Wave Quantum Inc.
Latest news
- NEWS Why Is D-Wave Quantum Stock Falling on Wednesday? — benzinga Oct 28, 2026 negative
- NEWS D-Wave Customer Shionogi Wins NEDO Quantum Computing Challenge — fiscal.ai Oct 28, 2026 positive
- NEWS D-Wave and LG CNS Sign MOU for Quantum Optimization — fiscal.ai Oct 28, 2026 positive
- NEWS D-Wave Quantum And LG CNS Sign MoU To Advance Adoption Of Quantum Computing For Enterprise Optimization — benzinga Oct 28, 2026 positive
- NEWS D-Wave Quantum Inc. Schedules Third Quarter 2026 Earnings Release — fiscal.ai Oct 27, 2026 neutral
Generated 2026-10-29T11:14:35Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Material Events(8-K, last 90d)
- 2026-09-22Item 5.02MEDIUMDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 17, 2026, the Company's Board of Directors formally appointed Mr.SEC filing →
- 2026-09-21Item 5.02MEDIUMDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 18, 2026, the Board of Directors (the "Board") of D-Wave Quantum Inc.SEC filing →
- 2026-08-25Item 5.02MEDIUMDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 19, 2026, John Markovich, Chief Financial Officer of D-Wave Quantum Inc.SEC filing →
- 2026-08-17Item 5.02MEDIUMDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 13, 2026, the Board of Directors (the "Board") of D-Wave Quantum Inc. (the "Company") appointed Kevan P.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
4 floor-breakers·1 ceiling hit
Revenue shrinking — -0.6% YoY. Growth thesis broken unless recovery story develops.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $11.77: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.8/10 and A.R:R 12.8:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 24%; Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $10.95. Score 4.8/10, moderate confidence.
Analyst target: $31.18 (+164.9% upside). Prior stop was $10.95. Stop-loss: $10.95.
Quality below floor (3.0 < 4.0); Value-trap signals (2/5): Margin compression (op margin -9.4%), Material insider selling (31 sells, 0.28% of cap).
D-Wave Quantum Inc. trades at a P/E of N/A (forward -31.2). TrendMatrix value score: 9.0/10. Verdict: Sell.
24 analysts cover QBTS with a consensus score of 4.0/5. Average price target: $35.
What does D-Wave Quantum Inc. do?In addition to D-Wave's history of innovation with annealing quantum computers, we have been making steady progress...
In addition to D-Wave's history of innovation with annealing quantum computers, we have been making steady progress with our gate-model technology development as well. Both the annealing and gate-model technology are built on superconducting qubits which we believe have a long-term advantage over all other approaches to quantum computing. We are also leveraging the quantum systems technology we have developed for our annealing technology to accelerate our gate-model program.