Nama's AI scorecard currently rates D-Wave Quantum Sell (3.2 out of 10), a call computed from its profitability, cash generation, growth, valuation and balance sheet. It is a research reading, not investment advice.

When does QBTS report earnings?

D-Wave Quantum's next scheduled report is on Nov 10, 2026. Analysts expect EPS of -$0.09.

What is the QBTS price target?

The median analyst price target from 16 analysts is $35.00, with a range of $18.36 – $43.00.

Is QBTS Shariah compliant?

Nama's AAOIFI-style screen reads D-Wave Quantum as Not Shariah Compliant. At least one of the three ratios or the industry test failed.

Nama Insights

D-Wave Quantum (QBTS)

Technology · Computer Hardware · NYSE

D-Wave Quantum (QBTS) is a Technology company in the Computer Hardware industry. It has a market capitalization of $4.05B and a free-cash-flow yield of -2.2%. Over the most recent reported fiscal year, revenue grew 178.5%. Nama's AI scorecard rates it Sell, 3.2 out of 10. On 12-month momentum it ranks in the trailing band of its market.

AI scorecard

Sell · 3.2/10

Negative, at the mild end of Sell. As of Nov 7, 2026.

Momentum

Trailing · -46.4% over 12 months ex. last

Bottom 20% of its market on the past year's move.

Shariah screen

Not Shariah Compliant

At least one of the three ratios or the industry test failed.

Off its high

-77.2%

How far the last close sits under the highest price of the past five years.

Market cap	$4.05B
Trailing P/E	—
Price / book	3.7
Price / sales	356.0
FCF yield	-2.2%
Dividend yield	—
Gross margin	64.2%
Operating margin	-1372.9%
Net margin	-2001.6%
Revenue growth (YoY)	+178.5%
Revenue growth (3-yr annual)	+50.8%
EPS growth (YoY)	—
FCF/share growth (YoY)	—
Beta	2.2
Exchange	NYSE
Sector	Technology
Industry	Computer Hardware

QBTS earnings

Next report: Nov 10, 2026 (Q3 2026, EPS estimate -$0.09). Beat the EPS estimate in 2 of 4 recent quarters.

Quarter	Reported	EPS	Estimate	Surprise	Revenue
Q2 2026	Aug 6, 2026	-$0.13	-$0.09	-44.4%	$3.08M
Q1 2026	May 12, 2026	-$0.05	-$0.08	+37.5%	$2.86M
Q4 2025	Feb 26, 2026	-$0.09	-$0.06	-50.0%	$2.75M
Q3 2025	Nov 6, 2025	-$0.05	-$0.07	+28.6%	$3.74M

QBTS analyst price target

Median target $35.00 from 16 analysts, ranging $18.36 – $43.00.

Computer Hardware peers

Ticker	Company	Market cap	P/E
ANET	Arista Networks	$215.79B	43.7
DELL	Dell Technologies	$208.88B	17.9
SNDK	Sandisk	$118.82B	7.0
STX	Seagate Technology	$105.83B	22.4
WDC	Western Digital	$98.74B	20.2
P	Everpure	$32.24B	39.6
HPQ	HP	$25.66B	8.3
SMCI	Super Micro Computer	$18.89B	5.7

Explore live QBTS data on Nama Insights →

QBTS FAQ

Is QBTS a buy?: Nama's AI scorecard currently rates D-Wave Quantum Sell (3.2 out of 10), a call computed from its profitability, cash generation, growth, valuation and balance sheet. It is a research reading, not investment advice.
When does QBTS report earnings?: D-Wave Quantum's next scheduled report is on Nov 10, 2026. Analysts expect EPS of -$0.09.
What is the QBTS price target?: The median analyst price target from 16 analysts is $35.00, with a range of $18.36 – $43.00.
Is QBTS Shariah compliant?: Nama's AAOIFI-style screen reads D-Wave Quantum as Not Shariah Compliant. At least one of the three ratios or the industry test failed.