D-Wave Quantum TodayQBTSD-Wave Quantum$17.45 +0.56 (+3.28%) 52-Week Range$0.80▼$20.56Price Target$19.27Add to WatchlistRising quantum computing star D-Wave Quantum Inc. NYSE: QBTS posted mixed earnings results in early August 2025, as revenue growth surpassed analyst predictions but losses came in wider than expected. Though not the unqualified positive signal some bullish investors were likely hoping for, D-Wave's earnings did not dent the short-term stock performance; shares remain up almost 20% in the l ...

Core Insights - IonQ (IONQ) is poised to release its second-quarter 2025 results, with investor optimism driven by rapid strategic execution and an impressive 86% stock increase during the April-June quarter [1][9] Group 1: Growth Drivers - IonQ is expanding its global footprint through strategic partnerships, particularly in Europe and Asia, with the acquisition of a majority stake in ID Quantique (IDQ) enhancing access to European telecom and cybersecurity markets [4][5] - The partnership with Intellian in South Korea aims to co-develop infrastructure for space-to-ground quantum communications, further extending IonQ's reach into critical defense and telecom markets across Asia [5] Group 2: Financial Performance - In the first quarter of 2025, IonQ's revenues exceeded the midpoint of guidance, despite a net loss of $32.3 million and an adjusted EBITDA loss of $35.8 million, ending the quarter with $697.1 million in liquidity and zero debt [6][9] - The growing revenue base and strategic investments are expected to support an improving profit trajectory in the second quarter [7] Group 3: Competitive Positioning - Rigetti Computing (RGTI) is facing challenges with a 52% year-over-year revenue drop, despite a net profit in the first quarter due to a non-cash accounting gain [10] - D-Wave Quantum (QBTS) is gaining momentum, particularly in Europe, with strong revenues and reduced net loss driven by demand in various industries [11] Group 4: Valuation and Estimates - IonQ's stock is trading at a high forward 12-month price-to-sales (P/S) ratio of 91.63, significantly above the industry average of 3.7, indicating potential risk if second-quarter results disappoint [12] - The Zacks Consensus Estimate for second-quarter 2025 loss per share has narrowed to 13 cents, indicating a narrower loss compared to the previous year, with an estimated revenue growth of 49.6% year-over-year [13]

Is this the next breakout tech stock? Or a high-risk hype play? Here's what investors should know before buying QBTS.D-Wave (QBTS 6.40%) is up 120% in 2025, driven by momentum involving its Advantage2 system and a major capital raise. But with negative cash flow and dilution concerns, is it the next tech rocket or a risky bet? I'll break down the facts so you can decide before Wall Street catches up.*Stock prices used were the market prices of Aug. 4, 2025. The video was published on Aug. 5, 2025. ...

Core Insights - D-WAVE QUANTUM (QBTS) is scheduled to report its second-quarter 2025 results on August 7, with projected revenues of $2.52 million, reflecting a year-over-year increase of 15.7% [1][7]. Financial Performance - The consensus estimate for QBTS's earnings is a loss of 7 cents per share, unchanged over the past 90 days, compared to a loss of 10 cents per share in the same quarter last year [2][3]. - QBTS's earnings have exceeded the Zacks Consensus Estimate in one of the last four quarters, missed twice, and matched once, with an average negative earnings surprise of 65.28% [1]. Revenue Drivers - The anticipated general availability (GA) launch of the Advantage2 system is expected to positively impact second-quarter performance, offering significant technical upgrades for complex optimization and AI problems [4]. - D-Wave may have experienced an expansion in customer wins and production use cases, building on previous deployments at Ford Otosan and Japan Tobacco, which could contribute to revenue growth [5]. - Increased focus on AI and blockchain partnerships is likely to be reflected in the second-quarter update, with potential commercial agreements emerging from new quantum-powered solutions [6]. Market Performance - QBTS shares surged 97.3% in Q2, outperforming the broader Zacks Computer and Technology sector's rise of 20.4% and the Internet - Software industry's increase of 25.1% [9]. - Despite the strong stock performance, QBTS is currently trading at a high forward price/sales (P/S) ratio of 162.47X, significantly above its median of 82.17X and the sector's 6.71X [12]. Sequential Revenue Trends - A sequential revenue decline is expected in Q2 due to a one-time $12.6 million system sale in Q1, with revenues likely normalizing primarily from recurring streams [8].

Core Insights - Investor interest in D-Wave Quantum Inc. (QBTS) surged after Jim Cramer highlighted the company on Mad Money, suggesting it as a strong buy in the quantum computing sector [1][8] - Following the endorsement, QBTS shares rose nearly 14% and have increased 31.4% in July [2][8] Financial Performance - D-Wave Quantum reported a remarkable 509% year-over-year revenue growth in Q1 2025, driven by a $12.6 million sale of its Advantage2 system to Germany's Julich Supercomputing Center [4][8] - The company achieved a GAAP gross margin of 92.5% and recorded its lowest net loss since going public, with a 53% reduction in adjusted EBITDA loss year-over-year [5][8] Capital and Growth Initiatives - In June, D-Wave raised $400 million through an equity offering at a 149% premium, increasing cash reserves to $815 million, which management claims is the strongest balance sheet in the quantum sector [6][8] - This financial strength positions D-Wave for potential acquisitions, research and development, and cloud expansion [6] Earnings Estimates - Earnings estimates for D-Wave Quantum have improved from a loss of $0.25 per share to a loss of $0.19 for 2025 over the past 90 days [10]

Core Insights - Quantum Computing Inc. (QUBT) has seen a significant share price increase of 175.7% over the past three months, driven by operational milestones and a strategic push towards commercialization in the quantum sector [2][8] - The company has completed its Quantum Photonic Chip Foundry in Tempe, which allows for in-house production of thin-film lithium niobate circuits, and has secured its fifth customer order [4][8] - QUBT is planning to scale its foundry operations and expects meaningful revenue growth in 2026, with a focus on converting interest from sectors like automotive and aerospace into sales [5][8] Company Developments - The appointment of interim CEO Dr. Yuping Huang marks a leadership shift aimed at advancing QCi's goal of developing practical, low-power, room-temperature photonic quantum machines [3] - QUBT is in discussions for a second fabrication facility (Fab 2) to increase production capacity in response to rising demand across AI, telecom, and quantum markets [5][8] Competitive Landscape - D-Wave Quantum (QBTS) has reported a remarkable 509% year-over-year revenue increase, positioning itself as a strong competitor with its cloud-accessible Advantage2 system [6][9] - IonQ (IONQ) is enhancing its position in trapped-ion quantum computing through strategic acquisitions and partnerships, directly challenging QUBT in the photonics and communication technology space [10] Market Outlook - The average target price for QUBT suggests limited upside potential, as it is currently trading 2.3% above its average Zacks price target [11]

Core Insights - D-Wave Quantum (QBTS) shares have experienced a 0.9% decline over the past 30 days, indicating growing competitive pressures from major tech companies IBM and Alphabet (Google) as they enhance their quantum computing capabilities [1][8] Financial Performance - D-Wave reported a remarkable 509% year-over-year revenue increase in Q1 2025, driven by the sale of its Advantage2 system and real-world applications [2] - Despite this revenue surge, QBTS is trading over 20% below its all-time high reached on May 23, 2025 [2] Competitive Landscape - Investor caution is rising as IBM introduced its "Starling" roadmap, aiming for fault-tolerant quantum systems by 2029, while Google presented its "Willow" chip, which significantly reduces error rates [3][9] - D-Wave's annealing-based architecture may face limitations compared to gate-based systems from IBM and Google, which are targeting broader applications in cryptography, quantum chemistry, and advanced machine learning [3][4] Market Position and Valuation - D-Wave maintains a strong cash position of over $300 million and is seeing early adoption through initiatives like the Leap Launchpad [4] - However, analysts express concerns about D-Wave's scalability in the face of IBM and Google's aggressive market strategies, questioning whether D-Wave can remain relevant or become a niche player [4] - Currently, QBTS is trading at a forward price-to-sales ratio of 144.4X, significantly higher than its one-year median of 77.54X, indicating potential overvaluation [12]

Core Insights - Quantum Computing Inc. (QUBT) has made a significant advancement by shipping its first commercial entangled photon source, marking its entry into the quantum communication and cybersecurity market [1][8] - The product utilizes Spontaneous Parametric Down-Conversion (SPDC) technology and is compatible with existing fiber optic infrastructure, facilitating integration into quantum networking and secure communications [1][8] - The shipment to a leading South Korean research institution indicates strong global demand for QUBT's quantum platform, paving the way for broader adoption in quantum-secure networking and Quantum Key Distribution (QKD) [2] Company Developments - QUBT plans to miniaturize future versions of its products using thin-film lithium niobate (TFLN) technology, which will enhance performance and integration capabilities [3] - The company is focused on supporting internal demand for its TFLN foundry while boosting its quantum communication offerings [3] Competitive Landscape - D-Wave Quantum (QBTS) reported a remarkable 509% year-over-year revenue increase, reaching $15 million in Q1 2025, and is recognized as a top-performing quantum stock [4] - D-Wave's Advantage2 system, featuring over 4,400 qubits, is cloud-accessible and positions the company as a leader in quantum annealing, with significant partnerships and a growing patent portfolio [4] - IonQ (IONQ) is enhancing its position in trapped-ion quantum computing through strategic acquisitions and partnerships, directly competing with QUBT in photonics and communication technologies [5] Market Performance - QUBT's stock has increased by 50.3% over the past month, significantly outperforming the industry growth of 6.3% and the sector's rise of 7.3% [6] - The S&P 500 index has seen a 4.1% improvement during the same period [6] Price Target Insights - Quantum Computing is currently trading 14.8% below its average Zacks price target, suggesting potential for price appreciation [10]

Core Viewpoint - D-Wave Quantum Inc. faces skepticism from investors due to its limited marketability and reliance on a small customer base, despite a recent revenue of $15 million that exceeded analyst expectations [1] Group 1: Recent Developments - D-Wave announced a memorandum of understanding (MOU) with Yonsei University and Incheon Metropolitan City in South Korea, which could expand its customer base and potential sales of its Advantage2 system [2][3] - The MOU aims to advance mutual research and talent development in quantum computing, positioning Incheon as a potential quantum computing hub in the APAC region [3] Group 2: Market Reaction - Following the MOU announcement, D-Wave shares declined by over 1% in the five trading days leading to June 23, indicating investor uncertainty without concrete financial details or confirmed sales [4] - Quantum computing stocks, including D-Wave, have faced a challenging macro environment, with QBTS shares down about 19% in the last month [6] Group 3: Competitive Landscape - D-Wave has previously made international sales, including an Advantage sale in Germany, and has partnerships in Japan, indicating ongoing efforts to expand globally [5] - Other quantum firms, such as Quantum Computing Inc., have seen stock price increases due to tangible progress, highlighting D-Wave's speculative nature in comparison [7][8] Group 4: Analyst Ratings - D-Wave currently holds a Buy rating among analysts, with a 12-month stock price forecast of $13.57, indicating a potential downside of 6.18% from the current price of $14.47 [7] - Despite the excitement around D-Wave, concerns remain about its lack of production facilities for marketable chips, which could hinder its competitiveness in the evolving quantum computing landscape [8]

Core Viewpoint - D-Wave Quantum Inc. has experienced a decline in share price, attributed to market recognition of its premium valuation and concerns over potential dilution from recent equity offerings [1][2][3]. Group 1: Stock Performance and Market Sentiment - D-Wave's stock price has fluctuated significantly, nearly reaching $19 per share twice in early June 2025, but has since dropped approximately 20% leading up to June 13 [1]. - The company’s recent at-the-market (ATM) offering, allowing for the issuance of up to $400 million in shares, has raised concerns among investors regarding dilution [2][3]. Group 2: Dilution Concerns - The announcement of the ATM offering could lead to dilution for existing shareholders, reducing their ownership percentage and potentially impacting earnings per share (EPS) figures [4][5]. - D-Wave's reliance on equity offerings for funding operations has been highlighted, with the first ATM offering of $150 million completed in January 2025 [5][6]. Group 3: Potential Positive Outlook - Some investors view the ATM offering as a strategic move to capitalize on high share prices, which could minimize dilution effects [9][10]. - D-Wave has sufficient cash reserves to sustain operations until achieving consistent profitability, indicating a proactive approach to funding [10][11]. Group 4: Industry Context - The competitive landscape for quantum technology is intensifying, with D-Wave needing substantial funding to strengthen its market position against established tech giants [11]. - Analyst forecasts suggest a 12-month price target of $10.17 for D-Wave's stock, indicating a potential downside of 36.35% from current levels [12][13].