D-Wave Quantum Reports Earnings Results, Falls Short of Expectations

D-Wave Quantum (NYSE:QBTS) released its quarterly earnings on Thursday, revealing an earnings per share (EPS) of ($0.37) for the period. This figure was significantly below analysts’ consensus estimate of ($0.09), resulting in a miss of ($0.28) EPS, according to Zacks.

In addition to these results, D-Wave Quantum updated its EPS guidance for the first quarter of 2025.

D-Wave Quantum Stock Performance

Following the earnings announcement, D-Wave Quantum's stock experienced a notable increase, rising 13.0% during mid-day trading on Thursday. The stock reached a price of $6.58, with a trading volume of 54,795,169 shares, compared to the average volume of 75,818,148 shares. The company currently has a market capitalization of $1.77 billion, a PE ratio of -15.87, and a beta of 1.12. Over the past year, D-Wave Quantum's stock has fluctuated between a low of $0.75 and a high of $11.41. The stock's fifty-day moving average stands at $6.10, while the 200-day moving average is $3.78.

Insider Trading Activity

In recent trading activity, D-Wave Quantum’s CFO, John M. Markovich, sold 5,582 shares on January 23rd at an average price of $5.27, resulting in a total transaction value of $29,417.14. Following this sale, he retains 1,064,556 shares valued at approximately $5,610,210.12, marking a 0.52% reduction in his ownership.

Additionally, a major shareholder, Sector Pension Investme Public, sold 2,778,564 shares on January 10th for an average price of $6.14, totaling about $17,060,382.96. This sale led to a 6.94% decrease in their ownership, leaving them with 37,278,688 shares worth around $228,891,144.32. Over the past 90 days, insiders have sold a total of 11,071,206 shares, collectively valued at $53,438,181. Currently, corporate insiders own 7.22% of the stock.

Analyst Ratings and Insights

Several brokerage firms have provided insights on D-Wave Quantum’s stock. Benchmark reiterated a "buy" rating and set a target price of $8.00 in a report dated January 14th. Needham & Company LLC reiterated a "buy" rating with a price target of $2.25 in November. Other firms, including Roth MKM and B. Riley, have also issued revised price targets and maintained a positive outlook on the stock, with consensus analyst ratings suggesting a reliable “buy” stance at a target price of $6.71.

About D-Wave Quantum

D-Wave Quantum Inc specializes in the development and delivery of quantum computing systems, software, and associated services. Their offerings include the Advantage, a fifth-generation quantum computer, the Ocean suite of open-source python tools, and Leap, a cloud service that provides real-time access to quantum computing resources.

Earnings, Stocks, Performance