
D-Wave Quantum (QBTS) earnings history, EPS estimates, revenue forecasts and company guidance.
Earnings Per Share (Non-GAAP)
Quarterly Revenue (Billions)
D-Wave Quantum (QBTS) last issued guidance on March 13, 2025 for Q1 2025. The company guided revenue in the range of for the period.
Compared to prior guidance, D-Wave Quantum lowered its revenue forecast from a prior range of $11M - $13M.
D-Wave Quantum has issued 7 guidance updates between November 10, 2022 and November 9, 2023. During this period, the company raised its outlook 1 time and lowered it 3 times, providing investors with insight into management's evolving expectations.
| Metric | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $-0.10 | $-0.08 | $-0.06 | $-0.07 |
| Actual | $-0.13 | $-0.05 | $-0.09 | $-0.41 |
| Surprise | -30.0% | +37.5% | -50.0% | -485.7% |
| Revenue | ||||
| Estimate | $4.0M | $4.3M | $3.9M | $3.1M |
| Actual | $3.1M | $2.9M | $2.8M | $3.7M |
| Surprise | -23.9% | -33.7% | -29.4% | +22.0% |
| Metric | Q3 '26E | Q4 '26E | Q1 '27E | Q2 '27E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $-0.10 | $-0.07 | $-0.13 | $-0.13 |
| Revenue | ||||
| Consensus | $4.3M | $31.3M | — | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| Q2 | Aug 6, 2026 | $-0.13 | $-0.10 | -30.0 % |
| Q1 | May 12, 2026 | $-0.05 | $-0.08 | 37.5 % |
| Q4 | Feb 26, 2026 | $-0.09 | $-0.06 | -50.0 % |
| Q3 | Nov 6, 2025 | $-0.41 | $-0.07 | -485.7 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| Q2 | Aug 6, 2026 | $3.08M | $4.04M | -23.9 % |
| Q1 | May 12, 2026 | $2.86M | $4.31M | -33.7 % |
| Q4 | Feb 26, 2026 | $2.75M | $3.90M | -29.4 % |
| Q3 | Nov 6, 2025 | $3.74M | $3.06M | 22.0 % |