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QBQBTS

D-Wave Quantum Inc.

$QBTS·$8.3B·Computer Hardware·Technology
$16.73-1.1%YTD-37.2%1Y+0.1%
Mentions · last 7 days
2026-07-09: 258 posts2026-07-10: 609 posts2026-07-11: 997 posts2026-07-12: 507 posts2026-07-13: 582 posts2026-07-14: 564 posts2026-07-15: 714 posts4,267+3%
Price updated 6m ago·X counts updated 2d ago
QBQBTS
$QBTSD-Wave Quantum Inc.
$16.73-1.12%4.3k posts+3%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $QBTS, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Driven by hypeSelling offAI verdict · as of 2026-07-17

Falling on heavy selling — points lower unless it turns around.

Quantum-computing pure-play trading at 703x sales — this is the sentiment cycle unwinding, not the technology.

D-Wave Quantum is one of the small-cap quantum-computing pure-plays that ran on the 2024-2025 quantum-tech narrative. This year the sentiment has drained faster than the fundamentals could catch up, and the tape has snapped.

What's actually happening:

  • The valuation is untethered from cash: 703x TTM sales because the revenue base is essentially trivial — this isn't a business valuation, it's a lottery ticket priced by narrative flow.
  • Operating economics remain deep in the red: 12% negative operating margin, 14% negative return on capital, negative free cash flow yield — meaning every quarter is a fresh draw on cash before commercial revenue materializes.
  • The tape has broken: sitting at 12% of the 52-week range with the price 28% below both the 50-day and 200-day — that's a decisive distribution, not a healthy pullback.
  • The bull case is entirely technical: community members point to 15.5% short float and two-day cover as squeeze fuel — but with no near-term commercial catalyst, a squeeze is a trade, not a thesis.

Quantum computing remains a real long-run category, but this specific equity has to earn its multiple back through revenue, not sentiment. What restarts the move short-term is a squeeze catalyst plus a specific enterprise contract; what continues the collapse is another dilution announcement or a quarter with unchanged commercial traction.

Differs from X sentimentX is bullish on the buy-zone technicals and squeeze setup — the short-interest math is accurate but a squeeze is a two-day trade, not the thesis for a stock priced at 703x sales. The corpus is treating trading mechanics as a fundamental case.

What to watch: The Aug 6 print — commercial revenue trend, cash runway, and any enterprise contract wins. A specific customer name and dollar value would restart the equity; another quarter of R&D burn without commercial revenue continues the collapse.

On the calendar: 2026-08-06 — Q1 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment5 posts analyzed · as of 2026-07-15

D-Wave Quantum chatter is bullish setup. QBTS is at buy zone $14.87-19.93 with PT $39.14-43.58. After 5 losses in 6 sessions, QBTS is near a historically-attractive support level - similar tests of the 100-day MA have led to average 28% gains. 15.5% short float with ~2 days to cover sets up squeeze potential. QBTS recovered from $20.13 low and consolidating near $21.16. Community broadly long.

Read the AI verdict + X sentiment for $QBTS

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  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Sells quantum annealing computers for discrete optimization problems and cloud quantum computing services.

Industry overviewAI analysisGenerated by AI from underlying data

Where Computer Hardware sits in its cycle right now — and what that implies for $QBTS.

Computer Hardware · Technology

No material change from last week — STX and WDC (SanDisk spinoff) benefit from LLM training requiring petabyte-scale nearline storage infrastructure.

What this means for $QBTS

Neutral — Sells quantum annealing computers for discrete optimization problems and cloud quantum computing services; limited exposure means the LLM training data storage demand pulling HDD/SSD production cycle is not a near-term catalyst or headwind.

Top industry ETF

$SOXXiShares Semiconductor ETF
+71.9%YTD
+116.0%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-23.8How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-11.4%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-11.6%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-1.2%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
703.9Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-44.1%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
66.3%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.0Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q1 2026May 12, 2026$-0.05$-0.08+34.7%
Q4 2025Feb 26, 2026$-0.12$-0.05-140.0%
Q3 2025Nov 6, 2025$-0.41$-0.07-525.1%
Q2 2025Aug 7, 2025$-0.55$-0.06-816.7%
Next earningsThu, Aug 6·consensus EPS $-0.08

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$2.9M-80.9%63.6%-1915%$-0.05$-46.0M
Q4 FY25$2.8M+19.2%64.8%-1266%$-0.12$-20.0M
Q3 FY25$3.7M+99.9%71.4%-742%$-0.41$-20.1M
Q2 FY25$3.1M+41.8%63.8%-856%$-0.57$-16.0M

Forward consensus

5-year forecast · up to 10 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$42.8M$37.1M – $46.5M-$0.30-$0.40 – -$0.1510
FY27$85.8M$52.3M – $135.2M-$0.37-$0.49 – -$0.099
FY28$143.4M$99.9M – $216.9M-$0.38-$0.63 – -$0.233
FY29$269.6M$187.8M – $407.7M-$0.27-$0.45 – -$0.164
FY30$428.3M$298.4M – $647.7M-$0.10-$0.17 – -$0.064

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.7×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.12%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-27.8%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-29.3%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 357.3M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today5.3% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β2.105-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellJun 15John M. MarkovichCFO200.0K sh$5.1MSellJun 15Rohit GhaiDirector13.5K sh$357KSellJun 12John M. MarkovichCFO46.0K sh$1.1MSellJun 9John M. MarkovichCFO70 sh$2KSellJun 8Alan E BaratzCEO687.6K sh$18.0MSellJun 8John M. MarkovichCFO51.0K sh$1.3MSellJun 5John D DilulloDirector7.8K sh$192KSellJun 2John M. MarkovichCFO2.9K sh$90KSellMay 22John M. MarkovichCFO328.8K sh$9.1MSellMay 21Diane NguyenEVP, Chief Legal Officer & GC40.0K sh$1.0M
1–10 of 17
+ 25 other (15 inkinds · 8 awards · 2 exempts) in window

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  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KListing / delisting noticeJul 148-K — Item 3.01: Listing / delisting notice · Item 7.01: Press release / Reg FD
AI summary

D-Wave Quantum Inc. (QBTS) announced on July 14, 2026, that it is transferring the listing of its common stock from the New York Stock Exchange (NYSE) to the Nasdaq Stock Market. A press release announcing the transfer was furnished as a Regulation FD disclosure. The transfer reflects D-Wave's strategic decision to move to a different exchange, which may affect liquidity and trading dynamics for its shares.

8-KPress release / Reg FDJul 78-K — Item 7.01: Press release / Reg FD
AI summary

D-Wave Quantum Inc. announced it was named to the 'Leaders' category in the IDC MarketScape: Worldwide Quantum Computing 2026 Vendor Assessment (one of only two companies named Leaders), with key strengths cited in production deployment footprint (200M+ problems submitted; Advantage2 usage +314% YoY; Stride hybrid solver +114% in 6 months), enterprise accessibility via Leap cloud platform, and reference customers including Ford Otosan, NTT DOCOMO, and Pattison Food Group. This is a material competitive positioning announcement filed under Reg FD — the IDC Leaders placement differentiates D-Wave from research-focused peers and validates commercial quantum computing traction.

8-KPress release / Reg FDJun 308-K — Item 7.01: Press release / Reg FD
AI summary

D-Wave Quantum received a $1.566M NSF grant through the National Quantum Virtual Laboratory as an industry partner in the Yale-led ERASE project focused on fault-tolerant quantum computing hardware. Non-dilutive federal grant validating D-Wave's position in the U.S. quantum ecosystem; modest amount but credibility-building.

8-KPress release / Reg FDJun 188-K — Item 7.01: Press release / Reg FD
AI summary

QBTS furnished a Reg FD disclosure covering: ging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 7.01 Regulation FD Disclosure. On June 18, 2026, D-Wave Quantum Inc. (“D-Wave” or the “Company”) announced its forthcoming gate-model quantum computing .

8-KShareholder voteJun 88-K — Item 5.07: Shareholder vote
AI summary

D-Wave Quantum (QBTS) held its 2026 Annual Meeting on June 4, 2026. Shareholders elected Alan Baratz and Sharon Holt as Class I directors; approved a one-year frequency for future say-on-pay votes; and ratified Grant Thornton LLP as independent auditor. Routine annual governance meeting with no material contested outcomes.

8-KPress release / Reg FDJun 18-K — Item 7.01: Press release / Reg FD
AI summary

D-Wave Quantum held its inaugural Investor Day at the NYSE on June 1, 2026, featuring management presentations, Q&A, and a live webcast; slides filed as Exhibit 99.1. First-ever investor day — strategic milestone for D-Wave as it communicates its commercial roadmap to investors.

8-KPress release / Reg FDJun 18-K — Item 7.01: Press release / Reg FD
AI summary

D-Wave Quantum announced a gate-model quantum computing roadmap targeting 100 logical qubits capable of over 1 million operations by 2032; combines dual-rail qubit expertise with quantum error correction; 2026 milestone is a 17-physical-qubit system with 2x lower logical error rates. Major technology roadmap announcement positioning D-Wave in gate-model competition alongside its existing annealing business.

8-KPress release / Reg FDMay 268-K — Item 7.01: Press release / Reg FD
AI summary

D-Wave Quantum Inc. issued a press release on May 26, 2026 formally refuting claims that newly published classical simulation work overturned its quantum computational supremacy demonstration, stating the claims are inaccurate and unsupported by the scientific record. D-Wave asserts its achievement stands and that rigorous scientific comparison is required. This Reg FD response addresses a material reputational risk to D-Wave's core quantum advantage narrative and investor thesis.

+ 28 other (9 8-Ks · 3 routine 8-Ks · 3 13Gs · 3 proxys) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

D-Wave Quantum Says 2 Protocols Are Better Than One, And I Agree: Strong Buyseekingalpha.com·1d agoD-Wave's System Sales Outlook Improves on Strong Customer Demandzacks.com·1d ago2 Quantum Stocks That Could Challenge IonQ's Leadershipmarketbeat.com·2d agoD-Wave Announces Transfer of Stock Exchange Listing to Nasdaqgurufocus.com·4d agoD-Wave Announces Transfer of Stock Exchange Listing to Nasdaqbusinesswire.com·4d ago

In themes

Explore the broader themes this ticker is being talked about under.

Quantum Computing

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Voices on X · top 4 · last 7 days

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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