D-Wave Quantum (QBTS) Stock Drops 10% as Q2 Revenue Falls Short of Forecasts
TLDR
- QBTS fell over 10% in premarket trading after Q2 revenue came in at $3.07 million, missing the $4.03 million Wall Street estimate
- Loss per share of $0.13 also missed consensus of $0.09
- Bookings surged 1,120% year-over-year to $35.5 million for the first half of 2026
- Operating loss widened to $53.3 million from $26.5 million, driven by higher product development spending
- Peer IonQ rose 4.9% on the same day after reporting a nearly 300% jump in quarterly revenue
D-Wave Quantum stock dropped more than 10% in premarket trading on Thursday after the company posted a double miss in its second-quarter 2026 results.
Revenue came in at $3.07 million for the quarter ended June 30, well below the $4.03 million analysts had forecast. The stock was trading around $18.80 in premarket, down from the prior close of $21.39.
The per-share loss of $0.13 also came in worse than the consensus estimate of $0.09, adding to the pressure on the stock.
D-WAVE $QBTS Q2’26 EARNINGS HIGHLIGHTS
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