# D-Wave Quantum (QBTS) — Earnings

QBTS · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/qbts/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | −$0.10 |
| EPS estimate | −$0.08 |
| EPS surprise | −18.06% |
| Revenue surprise | −23.62% |
| Revenue | $3.1M |
| Revenue estimate | $4.0M |
| Reported | Aug 6, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1907982/000190798226000129/qbts-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/946bf0e2-6d39-1d98-933d-5082ef691cca.html) |

D-Wave Quantum reported Q2 2026 results on August 6, 2026, with a loss of $0.10 per share. That was wider than the expected loss of $0.08, a miss of 18.06%. Revenue of $3.1 million fell short of the $4.0 million estimate by 23.62%. In Q2 2025, the company lost $0.08 per share on the same $3.1 million of revenue.

The record here is short, ten quarters from Q1 2024, and every one was a loss. Quarterly losses ranged from $0.02 to $0.10 per share, so Q2 2026 was the widest in the table. Revenue has mostly stayed between $1.9 million and $3.7 million a quarter. The exception was Q1 2025, at $15.0 million, which lifted 2025 revenue to $24.6 million from $8.9 million in 2024. Annual losses were $0.30 per share in 2024 and $0.24 in 2025. D-Wave beat the EPS estimate in five of the ten quarters. Revenue has come in below the estimate in each of the last three quarters.

Q3 results came out on November 14, 2024 and November 6, 2025. That points to early or mid-November 2026 for the next report. It will show whether revenue moves back toward estimates after three quarters below them.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 6, 2026 | −$0.08 | −$0.10 | -18.06% | $4.0M | $3.1M |
| Q1 2026 | May 12, 2026 | −$0.08 | −$0.03 | 63.19% | $4.2M | $2.9M |
| Q4 2025 | Feb 26, 2026 | −$0.06 | −$0.09 | -43.08% | $3.7M | $2.8M |
| Q3 2025 | Nov 6, 2025 | −$0.07 | −$0.05 | 23.78% | $3.0M | $3.7M |
| Q2 2025 | Aug 7, 2025 | −$0.05 | −$0.08 | -56.86% | $2.5M | $3.1M |
| Q1 2025 | May 8, 2025 | −$0.04 | −$0.02 | 45.00% | $10.5M | $15.0M |
| Q4 2024 | Mar 13, 2025 | −$0.06 | −$0.08 | -25.00% | $2.2M | $2.3M |
| Q3 2024 | Nov 14, 2024 | −$0.08 | −$0.07 | 5.74% | $2.6M | $1.9M |
| Q2 2024 | Aug 8, 2024 | −$0.08 | −$0.08 | -7.13% | $2.8M | $2.2M |
| Q1 2024 | May 13, 2024 | −$0.08 | −$0.07 | 1.60% | $3.0M | $2.5M |

## Frequently Asked Questions

### When did D-Wave Quantum (QBTS) last report earnings?

D-Wave Quantum last reported on Aug 6, 2026, covering fiscal Q2 2026.

### Did QBTS beat earnings estimates?

No. D-Wave Quantum reported EPS of −$0.10 for Q2 2026 against a −$0.08 estimate — a 18.06% miss.

### How much revenue did QBTS report last quarter?

D-Wave Quantum reported $3.1M in revenue for Q2 2026, against a consensus estimate of $4.0M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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