Q QBTS

D-Wave Quantum Inc

$14.15

-1.22% ($0.18)

Volume 14.21M

52W High $46.75

52W Low $5.77

Market Cap $7.27B

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What to Watch This Quarter

Based on historical data

Consensus EPS

-$0.08

Whisper EPS

-$0.08

6.1% below consensus

Last Quarter

-$0.09

Current Streak

1 Miss

Avg Surprise (4Q)

-8.41%

Next Earnings Report

Reports in 37 days

Report Date May 14, 2026

Whisper Spread -6.13%

Consensus Estimate

-$0.08

Official analyst average

Whisper Number

-$0.08

What traders expect

Cautious Sentiment: The whisper number is 6.1% below consensus, suggesting traders are skeptical. Meeting consensus may not be enough to satisfy the market.

Price Chart

EPS History: Consensus vs Actual

Last 12 quarters

Price Movement Around Earnings

Q4 2025 Feb 26, 2026

1-Day: -6.75%

5-Day: -9.43%

Q3 2025 Nov 6, 2025

1-Day: +3.91%

5-Day: +2.11%

Q2 2025 Aug 6, 2025

1-Day: -2.33%

5-Day: -1.19%

Q1 2025 May 8, 2025

1-Day: +6.43%

5-Day: +2.98%

Revenue & Financial Performance

Revenue Whisper

$5.5M

TWN Proprietary Estimate

Last Quarter Revenue

$2.8M

+19.2% YoY

Gross Margin

64.8%

Net Margin: -1,538.0%

Quarter	Revenue	YoY Growth	Gross Margin	Op Margin	Net Income
Q4'25	$2.8M	+19.2%	64.8%	-1,266.0%	-$42.3M
Q3'25	$3.7M	+100.0%	71.4%	-741.8%	-$140.0M
Q2'25	$3.1M	+41.8%	63.8%	-856.3%	-$167.3M
Q1'25	$15.0M	+508.6%	92.5%	-75.3%	-$5.4M
Q4'24	$2.3M	-20.5%	63.8%	-876.2%	-$86.1M
Q3'24	$1.9M	-27.0%	55.8%	-1,103.5%	-$22.7M
Q2'24	$2.2M	+27.9%	63.6%	-863.0%	-$17.8M
Q1'24	$2.5M	+45.4%	67.3%	-710.6%	-$17.3M

Historical Earnings

Last 12 quarters

Quarter	Date	Consensus	Whisper	Actual EPS	Surprise %	Result
Q4 2025	Feb 26, 2026	-$0.06	-$0.06	-$0.09	-45.40%	Missed
Q3 2025	Nov 6, 2025	-$0.07	-$0.07	-$0.05	+28.57%	Beat
Q2 2025	Aug 6, 2025	-$0.05	-$0.05	-$0.08	-48.15%	Missed
Q1 2025	May 8, 2025	-$0.06	-$0.06	-$0.02	+67.00%	Beat
Q4 2024	Mar 13, 2025	-$0.08	-$0.08	-$0.10	-25.00%	Missed
Q3 2024	Nov 14, 2024	-$0.08	-$0.08	-$0.10	-20.00%	Missed
Q2 2024	Aug 8, 2024	-$0.09	-$0.09	-$0.09	+0.00%	Missed
Q1 2024	May 13, 2024	-$0.09	-$0.09	-$0.12	-33.33%	Missed
Q4 2023	Mar 28, 2024	-$0.10	-$0.10	-$0.10	+0.00%	Missed
Q3 2023	Nov 9, 2023	-$0.14	-$0.14	-$0.11	+21.43%	Beat
Q2 2023	Aug 10, 2023	-$0.14	-$0.14	-$0.20	-42.86%	Missed
Q1 2023	Apr 14, 2023	-$0.13	-$0.13	-$0.16	-23.08%	Missed