Because the market wants to see actual revenue—and is still waiting. D-Wave Quantum has real customers—Volkswagen, Mastercard, NTT Docomo—and skyrocketing order intake: +2,000% to $33.4 million in Q1 2026. Nevertheless, the stock has plummeted 62% from its all-time high—down 31% in July alone. The reason: actual revenue totaled just $2.9 million, far below expectations. The market is punishing the gap between bookings and actual revenue. Added to this is sector-wide pressure: IonQ −34%, Rigetti −27%—the entire quantum sector is suffering. Nevertheless: 13 out of 13 analysts recommend buying. Nasdaq listing change on July 27. Q2 quarterly results around August 6. And the RSI is at 30.9—oversold territory.
Key points:
- Q1 2026: Bookings of $33.4 million (+2,000% YoY)—but realized revenue of only $2.9 million
- Share price: approx. $16.73 — down 62% from the 52-week high ($46.75), down 31% in 30 days, down 35% year-to-date
- RSI 30.9 — oversold territory, potential technical rebound
- Nasdaq Transfer: July 27, 2026 — from NYSE to Nasdaq (ticker QBTS remains)
- U.S. Government: $2 billion investment in quantum computing (May 21, 2026) Q2 earnings: approx. August 6, 2028
13 out of 13 analysts: Buy — Strong Buy, average price target $36.44 (+118% upside)
Is this $QBTS (+5,46%) just a short-term pioneer, or is there something more substantial behind this? What do you think?
