D-Wave Quantum Inc.: Mixed — EPS -$0.13, Revenue $4.51M
Mixed ResultQ3 2026 · Pre-market
Did D-Wave Quantum Inc. (QBTS) beat earnings today?
It was a mixed report for Q3 2026 — D-Wave Quantum Inc. (QBTS) beat on revenue but missed on EPS.
Earnings Per Share-8.33% surprise
-$0.13Actual
Expected: -$0.12
vs. year ago -68.3%
Total Revenue+3.99% surprise
$4.51MActual
Expected: $4.34M
vs. year ago +20.7%
Released Nov 10 · 7:00 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $4.51M | $3.74M | +21.0 |
| GAAP Basic and Diluted EPS | -$0.13 | -$0.41 | - |
| Net Loss | ($48.20M) | ($139.99M) | - |
Business Highlights
- ➤Executed a definitive U.S. Department of Commerce CHIPS funding agreement.
- ➤Funding supports development of a 100,000-qubit annealing quantum computer.
- ➤Funding also supports a 10,000-qubit gate-model quantum computer targeting 100 logical qubits.
- ➤NTT DOCOMO deployed its second production hybrid-quantum application.
- ➤Delivered Italy’s first 4,400+ qubit Advantage2™ annealing quantum computer.
- ➤Launched a gate-model quantum computing simulator beta program.
- ➤Beta participants include BBVA, FirstQFM, Florida Atlantic University and Jülich Supercomputing Centre.
- ➤Extended the SkyWater partnership through a multi-year semiconductor manufacturing agreement.
- ➤Formed a strategic partnership with CGI for quantum and hybrid-quantum applications.
- ➤Signed an LG CNS memorandum to advance enterprise optimization adoption.
- ➤Recognized as a Market Shaper in Gartner’s Emerging Market Quadrant.
- ➤Appointed Bernard Gavgani and Kevan Krysler to the Board.
Management Commentary
Dr. Alan Baratz, CEO of D-Wave
“From Seoul to Como to Washington, we are seeing growing interest in D-Wave’s differentiated dual-platform approach and a determination to put our quantum computing technology to work today. Our triple-digit increase in year-to-date bookings and robust pipeline reinforce our confidence in the opportunity ahead. We are expanding our commercial reach and executing on both our annealing and gate-model roadmaps with a clear objective: to lead this industry in technical and scientific innovation, measurable customer value and growth.”