r/QBTSstock

Compare D-Wave’s results to the following peers, this quarter:

IonQ reported $80.1M in revenue, up 287% year over year and about 26x D-Wave's quarterly figure

Rigetti grew 185% year over year to $5.4M

Quantinuum was $8m, up 280% y/o/y

D-Wave: 0% growth and $3.1m revenue.

The stock moves together with the Nasdaq. It doesn’t seem to have its own independent direction or momentum based on the company itself; instead, it moves up and down in the same basket as other technology stocks.

Given this, what is your view for today or for this week? Is it too early to expect the 25, 30, or 40 price targets?

3m revenue

2m bookings

53m operating loss

https://ir.dwavequantum.com/news/news-details/2026/D-Wave-Reports-Second-Quarter-2026-Results/default.aspx

About D-Wave's pathetic Q2: If we believe that the AT&T deal and others are bringing in meaningful sales, yet revenue is zero... that means that current customers are abandoning the technology.

Coherence Report is the only quantum industry publication on the record for predicting the collapse of D-Wave’s commercial narrative. Reading through the results, it’s clear that:

• Existing commercial clients are abandoning the company, at a rate that is faster than new signings
• Revenue growth is stagnant, which is alarming for a company with a 575x market cap:revenue ratio and $8+ billion valuation
• Op-ex and cash burn is accelerating faster than revenue, which means investors should expect a long period of high dilution

Additionally, D-Wave has not yet revealed any information that disputes whether the FAU deal is a fraud (or at best, a backroom deal that will never come to fruition).

For detailed analysis on the results:

https://coherence.report/editorial/?qid=49

13% down premarket. I am guessing another 5-7% when the markets open. They screwed the earnings.