D-Wave Quantum (QBTS) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- -$0.13
- Estimate
- -$0.10
- Surprise
- -30.0%
- Score today
- 4.9/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
D-Wave Quantum (QBTS) reported a wider loss than forecast — adjusted EPS of -$0.13 against the -$0.10 estimate (a 30.0% shortfall).
Coverage in the report window
- Rosenblatt Maintains Buy on D-Wave Quantum, Lowers Price Target to $30 — benzinga, 2026-11-11
- Stifel Maintains Buy on D-Wave Quantum, Lowers Price Target to $23 — benzinga, 2026-11-11
- D-Wave Quantum Inc. Reports Third Quarter 2026 Financial Results — fiscal.ai, 2026-11-10
Where TrendMatrix's rating stands now
TrendMatrix currently rates QBTS Sell at 4.9/10; no pre/post engine snapshot brackets this report.
1 of the last 4 quarters beat the estimate; this quarter's -30.0% surprise compares with a -20.9% four-quarter average.
What argues against it
- Quality below floor (3.0 < 4.0)
- Value-trap signals (2/5): Margin compression (op margin -9.4%), Material insider selling (19 sells, 0.15% of cap)
- Death cross — 50-day MA below 200-day MA
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $10.48
- Price target
- $28.15
- Stop
- $9.75
- Upside to target
- +168.6%
- Reward-to-risk
- 11.2:1
Risk check: trading volume is running 1.6× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-11-11 — shown for context, not personalized investment advice.
QBTS at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Computer Hardware
- Market cap
- $3.98B
- P/E (fwd)
- -27.1
- 52-week range
- $8.48–$32.39
- Off 52-week high
- 67.6%
- RSI (14)
- 40
- Volume vs avg
- 1.65×
- Score today
- 4.9/10