D-WAVE QUANTUM INC (QBTS) Forecast, Price Target & Analyst Ratings

NYSE:QBTS • US26740W1099

Current stock price

17.55 USD
-0.28 (-1.57%)
At close:
17.51 USD
-0.04 (-0.23%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for D-WAVE QUANTUM INC (QBTS).

Forecast Snapshot

Consensus Price Target

Price Target
$39.75
+ 126.49% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 4, 2026
Period
Q1 / 2026
EPS Estimate
-$0.08
Revenue Estimate
4.311M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
81.82%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$39.75
Upside
+ 126.49%
From current price of $17.55 to mean target of $39.75, Based on 22 analyst forecasts
Low
$22.77
Median
$40.80
High
$50.40

Price Target Revisions

1 Month
0.00%
3 Months
5.14%

Price Target Summary

22 Wall Street analysts provided a forecast for the next 12 months for QBTS. The average price target is 39.75 USD. This implies a price increase of 126.49% is expected in the next year compared to the current price of 17.55.
The average price target has been revised upward by 5.14% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

QBTS Current Analyst RatingQBTS Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10

Analyst Ratings History

QBTS Historical Analyst RatingsQBTS Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20

Analyst Ratings Consensus

ChartMill Buy Consensus
81.82%
QBTS was analyzed by 22 analysts. The buy percentage consensus is at 82. So analysts seem to be very confident about QBTS.
In the previous month the buy percentage consensus was at a similar level.
QBTS was analyzed by 22 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-02-27MizuhoMaintains Outperform -> Outperform
2026-02-27Evercore ISI GroupMaintains Outperform -> Outperform
2026-02-27Roth CapitalMaintains Buy -> Buy
2026-02-26NeedhamMaintains Buy -> Buy
2026-01-29NeedhamReiterate Buy -> Buy
2026-01-28RosenblattMaintains Buy -> Buy
2026-01-23BenchmarkReiterate Buy -> Buy
2026-01-22NeedhamReiterate Buy -> Buy
2026-01-08RosenblattMaintains Buy -> Buy
2026-01-07RosenblattMaintains Buy -> Buy
2025-12-17WedbushInitiate Outperform
2025-12-16JefferiesInitiate Buy
2025-12-11MizuhoInitiate Outperform
2025-12-03Evercore ISI GroupInitiate Outperform
2025-11-10BenchmarkMaintains Buy -> Buy
2025-11-07Cantor FitzgeraldMaintains Overweight -> Overweight
2025-11-07RosenblattMaintains Buy -> Buy
2025-11-07Canaccord GenuityMaintains Buy -> Buy
2025-09-22B. Riley SecuritiesMaintains Buy -> Buy
2025-08-08Piper SandlerMaintains Overweight -> Overweight
2025-08-05StifelInitiate Buy
2025-08-04BenchmarkReiterate Buy -> Buy
2025-07-29RosenblattInitiate Buy
2025-07-23B. Riley SecuritiesMaintains Buy -> Buy
2025-07-23Canaccord GenuityInitiate Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 4, 2026
Period
Q1 / 2026
EPS Estimate
-$0.08
Revenue Estimate
4.311M
Revenue Q2Q
-71.26%
EPS Q2Q
-227.38%
Number of Analysts
17

Next Earnings Revisions

Revenue (1 Month)
0.58%
Revenue (3 Months)
7.56%
EPS (1 Month)
-3.22%
EPS (3 Months)
-7.39%

Next Earnings Summary

QBTS is expected to report earnings on 5/4/2026. The consensus EPS estimate for the next earnings is -0.08 USD and the consensus revenue estimate is 4.31M USD.
The next earnings revenue estimate has been revised upward by 7.56% in the past 3 months. Upward revisions are a positive sign and indicate that analysts are more optimistic about the next earnings compared to 3 months ago.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030
Revenue
YoY % growth
QBTS revenue by date.QBTS revenue by date.
8.758M
22.10%		8.827M
0.79%		24.587M
178.54%		42.073M
71.12%		87.521M
108.02%		157.26M
79.68%		279.32M
77.62%		450.92M
61.43%
EBITDA
YoY % growth
QBTS ebitda by date.QBTS ebitda by date.
-79.492M
-36.97%		-76.114M
4.25%		-98.805M
-29.81%		-122.159M
-23.64%		-137.954M
-12.93%		-123.242M
10.66%		-71.988M
41.59%		10.259M
114.25%
EBIT
YoY % growth
QBTS ebit by date.QBTS ebit by date.
-80.546M
-35.47%		-77.223M
4.13%		-100.368M
-29.97%		-89.004M
11.32%		-77.189M
13.28%		-78.038M
-1.10%		-94.606M
-21.23%		-2.817M
97.02%
Operating Margin
QBTS operating margin by date.QBTS operating margin by date.
-919.68%-874.85%-408.22%-211.55%-88.19%-49.62%-33.87%-0.62%
EPS
YoY % growth
QBTS eps by date.QBTS eps by date.
-0.61
-35.92%		-0.35
42.79%		-0.24
30.37%		-0.31
-28.44%		-0.36
-14.89%		-0.30
16.30%		-0.18
39.95%		0.01
105.66%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27
EPS
Q2Q % growth		-0.08
-227.38%		-0.08
-1.89%		-0.06
-19.95%		-0.05
42.99%		-0.07
11.18%		-0.06
29.56%		-0.05
18.61%		-0.04
26.44%
Revenue
Q2Q % growth		4.311M
-71.26%		6.127M
97.96%		11.592M
210.03%		17.36M
530.81%		13.722M
218.30%		18.632M
204.10%		24.826M
114.16%		29.336M
68.99%
EBITDA
Q2Q % growth		-30.422M
-178.72%		-32.086M
-24.42%		-17.536M
34.21%		-13.717M
58.78%		-20.269M
33.37%		-19.6M
38.91%		-19.31M
-10.12%		-8.135M
40.69%
EBIT
Q2Q % growth		-28.463M
-152.09%		-30.742M
-16.00%		-21.621M
22.05%		-19.738M
43.34%		-24.997M
12.18%		-21.67M
29.51%		-18.49M
14.48%		-15.811M
19.90%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

QBTS Yearly Revenue VS EstimatesQBTS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100M 200M 300M 400M
QBTS Yearly EPS VS EstimatesQBTS Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -0.2 -0.4 -0.6

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
-7.29%
EPS Next 5 Year
15.35%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
81.81%
Revenue Next 5 Year
76.71%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
-21.51%
EBIT Next 5 Year
16.54%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

D-WAVE QUANTUM INC / QBTS Forecast FAQ

What is the average price target for D-WAVE QUANTUM INC (QBTS) stock?

22 analysts have analysed QBTS and the average price target is 39.75 USD. This implies a price increase of 126.49% is expected in the next year compared to the current price of 17.55.

Can you provide the upcoming earnings date for D-WAVE QUANTUM INC?

D-WAVE QUANTUM INC (QBTS) will report earnings on 2026-05-04.

Can you provide the consensus estimates for D-WAVE QUANTUM INC next earnings?

The consensus EPS estimate for the next earnings of D-WAVE QUANTUM INC (QBTS) is -0.08 USD and the consensus revenue estimate is 4.31M USD.

What is the expected long term growth rate for D-WAVE QUANTUM INC (QBTS)?

The expected long term growth rate for D-WAVE QUANTUM INC (QBTS) is 81.81%.