D-Wave Quantum (NASDAQ:QBTS) Shares Down 6.4% – Here’s What Happened

D-Wave Quantum Inc. (NASDAQ:QBTS)’s stock price fell 6.4% during trading on Tuesday . The stock traded as low as $19.46 and last traded at $19.53. 12,840,482 shares changed hands during trading, a decline of 56% from the average daily volume of 29,045,033 shares. The stock had previously closed at $20.87.

Trending Headlines about D-Wave Quantum

Here are the key news stories impacting D-Wave Quantum this week:

• Positive Sentiment: NTT DOCOMO deployed a second D-Wave-powered application in production. The network-operations application reportedly reduced device location-registration signals, providing additional evidence that D-Wave’s technology can deliver measurable benefits in a real-world, large-scale telecom environment. D-Wave Technology Drives NTT DOCOMO’s Second Production Quantum Application in Network Operations
• Positive Sentiment: D-Wave remains a featured quantum-computing investment. Its annealing and gate-model platforms give QBTS exposure to the intensifying U.S.-China technology race and broader government and enterprise interest in quantum computing. U.S.-China 2026 Tech Race: 2 AI Stocks & 2 Quantum Stocks to Watch
• Positive Sentiment: Financial-services applications could broaden D-Wave’s commercial opportunity. Its partnership with Nasdaq Verafin is aimed at applying quantum computing to financial-crime detection and risk analytics, moving the company beyond research-oriented use cases. What Could D-Wave Quantum Gain From Its Financial Crime Detection Push?
• Neutral Sentiment: D-Wave appointed technology-finance executive Kevan P. Krysler to its board and audit committee. The appointment may strengthen financial oversight and investor communications, but it does not immediately change revenue or profitability. D-Wave Appoints Kevan P. Krysler to Board of Directors and Audit Committee
• Negative Sentiment: Recent earnings remain the key overhang. D-Wave missed quarterly EPS and revenue expectations, while revenue was essentially flat year over year. Analysts expect another annual loss, reinforcing concerns that commercial deployments have not yet produced consistent, scalable growth.
• Negative Sentiment: Investors are demanding proof that the momentum can continue. Commentary highlights the need for repeat customers, stronger revenue generation, and progress toward profitability. Competition from IonQ, Quantum Computing Inc., and other emerging quantum firms further increases execution risk. D-Wave Has Momentum—What Does It Need to Keep It Going?

Analyst Ratings Changes

Several equities analysts have recently issued reports on QBTS shares. Zacks Research upgraded D-Wave Quantum from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $40.00 target price on shares of D-Wave Quantum in a report on Wednesday, May 13th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $43.00 price objective on shares of D-Wave Quantum in a research note on Friday, August 7th. Northland Securities began coverage on shares of D-Wave Quantum in a report on Monday, April 20th. They set a “market perform” rating and a $22.00 target price for the company. Finally, Weiss Ratings lowered D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, D-Wave Quantum currently has an average rating of “Moderate Buy” and an average target price of $36.36.

D-Wave Quantum Stock Down 6.4%

The firm has a 50-day moving average of $20.94 and a two-hundred day moving average of $20.32. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of -27.51 and a beta of 2.15. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NASDAQ:QBTS) last issued its earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The business had revenue of $3.08 million during the quarter, compared to analyst estimates of $4.03 million. D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. D-Wave Quantum’s revenue for the quarter was down 0.6 on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) EPS. As a group, sell-side analysts anticipate that D-Wave Quantum Inc. will post -0.42 earnings per share for the current year.

Insider Activity

In related news, Director Rohit Ghai sold 13,518 shares of D-Wave Quantum stock in a transaction on Monday, June 15th. The shares were sold at an average price of $26.41, for a total value of $357,010.38. Following the completion of the sale, the director owned 23,617 shares of the company’s stock, valued at approximately $623,724.97. The trade was a 36.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Sophie C. Ames sold 3,070 shares of the firm’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $16.95, for a total value of $52,036.50. Following the transaction, the vice president owned 589,009 shares in the company, valued at approximately $9,983,702.55. This trade represents a 0.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,363,842 shares of company stock valued at $35,789,148. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC grew its holdings in shares of D-Wave Quantum by 9.2% during the 2nd quarter. CoreCap Advisors LLC now owns 6,115 shares of the company’s stock worth $147,000 after purchasing an additional 515 shares in the last quarter. Sigma Planning Corp raised its holdings in D-Wave Quantum by 3.6% during the 4th quarter. Sigma Planning Corp now owns 16,329 shares of the company’s stock worth $431,000 after purchasing an additional 560 shares during the last quarter. AlphaStar Capital Management LLC grew its stake in shares of D-Wave Quantum by 2.2% during the fourth quarter. AlphaStar Capital Management LLC now owns 27,063 shares of the company’s stock worth $708,000 after purchasing an additional 592 shares during the period. Thoroughbred Financial Services LLC increased its stake in D-Wave Quantum by 0.5% in the fourth quarter. Thoroughbred Financial Services LLC now owns 131,852 shares of the company’s stock valued at $3,447,000 after purchasing an additional 602 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in D-Wave Quantum by 0.7% during the fourth quarter. Arizona State Retirement System now owns 92,037 shares of the company’s stock worth $2,407,000 after acquiring an additional 613 shares in the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

About D-Wave Quantum

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.