D-Wave Quantum Inc. (QBTS) Reports Q1 Loss, Tops Revenue Estimates

Company Performance - D-Wave Quantum Inc. reported a quarterly loss of $0.02 per share, better than the Zacks Consensus Estimate of a loss of $0.05, and an improvement from a loss of $0.11 per share a year ago, representing an earnings surprise of 60% [1] - The company posted revenues of $15 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 38.05%, compared to revenues of $2.47 million in the same quarter last year [2] - Over the last four quarters, D-Wave Quantum has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Stock Outlook - D-Wave Quantum shares have declined approximately 18% since the beginning of the year, while the S&P 500 has decreased by 4.3% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.07 on revenues of $4.43 million, and for the current fiscal year, it is -$0.25 on revenues of $23.29 million [7] Industry Context - The Internet - Software industry, to which D-Wave Quantum belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the industry outlook can significantly impact stock performance [5][8]