Quantum computing is still a small industry, but many investors see it as a big long-term opportunity. With the Q2 earnings season in full swing, D-Wave Quantum (QBTS) and IonQ (IONQ) will soon report results. Wall Street sees both stocks delivering triple-digit upside in 2026.
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D-Wave Quantum Stock (QBTS)
D-Wave is one of the best-known names in quantum computing. The company provides quantum systems and cloud-based services that help businesses solve complex optimization problems.
D-Wave will report its Q2 2026 results after the market closes on Thursday, August 6. Wall Street expects the company to post a loss per share of $0.09, compared with a loss of $0.08 a year ago. Revenue is expected to rise about 30% year over year to $4.03 million.
QBTS has a Strong Buy consensus rating on TipRanks. The average D-Wave Quantum analyst price target of $38.27 implies 136% upside from current levels.
IonQ Stock (IONQ)
IonQ builds quantum computers using trapped-ion technology and continues to expand its business. During its Q1 earnings call, management raised its 2026 outlook, citing strong demand for the company’s quantum computing products.
IonQ will report its Q2 2026 results after the market closes on Wednesday, August 5. Wall Street expects the company to report a loss per share of $0.54, compared with a loss of $0.70 a year ago. Revenue is expected to jump about 221% year over year to $66.58 million.
Wall Street has a Strong Buy consensus rating on IONQ stock. The average IonQ analyst price target of $69.31 suggests 111% upside from current levels.
Conclusion
As D-Wave and IonQ prepare to report Q2 results, investors will soon see whether both companies can maintain the strong growth that has kept Wall Street bullish. Positive results could help support analysts’ triple-digit upside expectations.