Market Capⓘ
$9.14B
Cash Runwayⓘ
72 mo
52W Highⓘ
$46.75
52W Lowⓘ
$12.75
2Y Highⓘ
$46.75
-47.2% below 2Y high
RSI (14-day)ⓘ
50.6
Neutral
Beta (1Y vs SPY)ⓘ
1.17
Above Market
Next Earningsⓘ
Aug 3, 2026
in 44 days
Daily Short Vol %ⓘ
52.5%
2026-06-18
About D-Wave Quantum
D-Wave is the world's first commercial quantum computing company, specializing in quantum annealing technology for optimization problems. Its systems are used in logistics, finance, and drug discovery.
Sector
Technology
Industry
Technology
Founded
1999
Headquarters
Burnaby, BC, Canada
Shares Outstanding
370.0M
Quantum Division
https://www.dwavequantum.com/learn/quantum-computing/
Quantum Technology
Physical Qubits
4,400
Hardware Type
Physical Qubits (Quantum Annealing, Zephyr topology)
Cloud Access
Roadmap Target
Dual-platform: annealing utility today + gate-model roadmap (Feb 2026) — initial 17-qubit gate-model system 2026, 181 qubits 2028, 10 logical qubits 2030, 100 logical qubits 2032 via dual-rail qubits (Quantum Circuits acquisition)
Advantage2 (GA May 2025, 4,400+ qubits) uses Zephyr topology with 20-way qubit connectivity (vs. 15-way in prior Advantage). 75% noise reduction, 40% energy scale improvement, 25,000× faster on 3D lattice optimization vs. prior Advantage. Hybrid solvers handle up to 2 million variables. Quantum annealing is a specialized optimization paradigm — qubit counts are not directly comparable to gate-based systems. D-Wave announced a parallel gate-model development program (Feb 2026), making it a dual-platform company.
Quantum Sector Market Cap Share
13.6% of sectorAnalyst Price Targets
Low Target
$19.58
-20.7%
Median Target
$40.00
+62.0%
High Target
$45.00
+82.3%
Analyst Recommendations
Recommendation Trend
| Period | Strong Buy | Buy | Hold | Sell | Strong Sell | Total |
|---|---|---|---|---|---|---|
| Current | 1 | 12 | 2 | 0 | 0 | 15 |
| 1 mo ago | 1 | 12 | 2 | 0 | 0 | 15 |
| 2 mo ago | 1 | 12 | 2 | 0 | 0 | 15 |
| 3 mo ago | 1 | 12 | 1 | 0 | 0 | 14 |
Current Ratings by Analyst (9 firms)
Source: Finnhub · most recent rating per firm
Consensus Target History
Solid = mean · dashed = high/low range · horizontal line = current price