D-Wave Quantum Inc. (QBTS) reported a quarterly loss of $0.10 per share for the second quarter of 2026, falling short of the Zacks Consensus Estimate of a $0.08 loss.
The result represents an earnings surprise of -25.00%, meaning the company underperformed what analysts had anticipated heading into the report.
The Q2 loss does, however, compare favorably to the $0.55 per share loss D-Wave recorded in the same quarter one year ago, reflecting some improvement over a longer timeframe.
One quarter earlier, D-Wave delivered a positive surprise of +37.5%, posting a loss of only $0.05 per share against expectations of a $0.08 loss.
Despite that previous beat, D-Wave has surpassed consensus earnings per share estimates in just one of the last four quarters, pointing to a pattern of inconsistent financial performance.
On the revenue side, D-Wave posted $3.08 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 19.48% and coming in slightly below year-ago revenues of $3.1 million.
The company has topped consensus revenue estimates only once over the last four quarters, underscoring the persistent challenge of meeting Wall Street expectations.
QBTS shares have lost approximately 18.2% since the start of the year, a notably weak showing compared to the S&P 500’s gain of 12.8% over the same period.
Analysts will be closely watching management’s commentary from the earnings call, as forward guidance will play a significant role in shaping near-term investor sentiment.
Ahead of the earnings release, the estimate revisions trend for D-Wave was described as favorable, and the stock currently holds a Zacks Rank of No. 2, or Buy, suggesting expectations of near-term outperformance.
The current consensus EPS estimate for the coming quarter stands at -$0.08 on revenues of $13.06 million, while the full fiscal year estimate sits at -$0.27 on revenues of $40.16 million.
D-Wave belongs to the Zacks Internet – Software industry, which currently ranks in the top 44% of more than 250 Zacks-tracked industries, a positioning that could provide some tailwind for the stock.
Research from Zacks indicates that the top 50% of its ranked industries outperform the bottom 50% by a factor of more than 2 to 1, making sector positioning a meaningful consideration for investors.
Another company in the same industry, Monday.com (MNDY), has yet to report results for the quarter ended June 2026, with its release expected on August 10.
Monday.com is forecast to report quarterly earnings of $1.14 per share, representing a year-over-year increase of 4.6%, with revenues projected at $354.95 million, up 18.7% from the prior-year quarter.
