Wall Street analyst estimates for D-Wave Quantum Inc. (QBTS): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Operating globally, D-Wave Quantum Inc. specializes in developing and supplying quantum computing systems, software, and related services. Their offerings include Advantage, a pioneering fifth-generation quantum computer, and Launch, an onboarding service designed for quantum computing adoption. The company also provides Ocean, a comprehensive suite of open-source programming tools.
Consensus price target
$36.14 (+249% vs price $10.37)
between $30.00 and $43.00 · 5 targets published in the last quarter
Closing price, Nov 3
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $42.5M | $36.5M – $48.4M | -$0.30 | 10 |
| 2027E | $80.8M | $56.0M – $92.6M | -$0.38 | 11 |
| 2028E | $148M | $109M – $180M | -$0.37 | 8 |
Figures in USD · consensus as of November 2, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 13 |
| Hold | 0 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 13 |
| Avg rating (−2 sell to +2 buy) | 1.00 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-10 | $-0.10 | ||
| 2026-08-06 | $-0.10 | $-0.08 | -18.1% |
| 2026-05-12 | $-0.05 | $-0.08 | +34.7% |
| 2026-02-26 | $-0.12 | $-0.05 | -140.0% |
| 2025-11-06 | $-0.41 | $-0.07 | -525.1% |
| 2025-08-07 | $-0.55 | $-0.06 | -816.7% |
| 2025-05-08 | $-0.02 | $-0.05 | +60.0% |
| 2025-03-13 | $-0.37 | $-0.09 | -311.1% |
Valuation Ratios
| Price / Book | 3.55 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $5.2M | $6.3M | $7.2M | $8.8M | $8.8M | $24.6M |
| Cost of Revenue | $915,000 | $1.8M | $2.9M | $4.1M | $3.3M | $4.3M |
| Gross Profit | $4.2M | $4.5M | $4.2M | $4.6M | $5.6M | $20.3M |
| Research & Development | $20.4M | $25.4M | $32.1M | $37.9M | $35.3M | $50.7M |
| Selling, General & Admin | $15.3M | $18.1M | $31.6M | $47.3M | $47.5M | $69.9M |
| Operating Expenses | $35.7M | $43.5M | $63.7M | $85.2M | $82.8M | $120.7M |
| Operating Income | -$31.5M | -$38.9M | -$59.5M | -$80.5M | -$77.2M | -$100.4M |
| EBITDA | -$14.1M | -$34.4M | -$49.0M | -$80.8M | -$138.1M | -$348.7M |
| Interest Expense | $5.2M | $4.0M | $2.3M | $2.2M | $3.9M | $4.0M |
| Pre-tax Income | -$22.0M | -$41.0M | -$53.7M | -$82.7M | -$143.9M | -$355.1M |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | -$22.0M | -$41.0M | -$53.7M | -$82.7M | -$143.9M | -$355.1M |
| EPS | -$0.20 | -$0.33 | -$0.45 | -$0.60 | -$0.75 | -$1.11 |
| EPS (Diluted) | -$0.20 | -$0.33 | -$0.45 | -$0.60 | -$0.75 | -$1.11 |
| Shares Outstanding (Diluted) | 109.7 M | 125.3 M | 119.6 M | 138.0 M | 192.1 M | 321.2 M |
Price
| Price | $10.37 (closing price, November 3, 2026) |
| Market Cap | $3.9B |
| Exchange | NASDAQ |
| Country | US |
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Explore sector: Technology · Computer Hardware
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