D-Wave Quantum ( (QBTS) ) has risen by 7.89%. Read on to learn why.
D-Wave Quantum’s stock advanced 7.89% over the past week as investors piled into the quantum computing specialist ahead of a busy catalysts calendar. The company is set to report its first-quarter 2026 results on May 12 and host its first Investor Day at the New York Stock Exchange on June 1, events that traders expect could showcase new deals, updated guidance, and a clearer roadmap for commercialization. Options markets are bracing for a sizable swing around earnings, with implied moves well above the stock’s typical post-results reaction.
Fundamentally, sentiment has been buoyed by strong bookings momentum and strategic expansion. Management recently disclosed that January 2026 bookings alone exceeded all of 2025, helped by a $20 million system sale to Florida Atlantic University and a two-year, $10 million Quantum Compute as a Service contract with a Fortune 100 company. D-Wave Quantum also closed its acquisition of Quantum Circuits, deepening its capabilities in error-corrected, gate-model quantum systems and broadening its dual-platform approach beyond annealing.
Despite expectations for a wider quarterly loss and revenue that could be choppy due to lumpy system sales, Wall Street remains firmly optimistic. Analysts rate D-Wave Quantum a Strong Buy, with consensus price targets implying meaningful upside from current levels, and technical indicators flashing a “Buy” signal. The stock’s recent 7.89% weekly gain reflects a mix of speculative interest, sector-wide enthusiasm fuelled by advances in quantum-AI workflows from players like Nvidia, and growing confidence that D-Wave Quantum can translate its technology and deal wins into sustained growth, even as risks around cash burn and earnings volatility remain in focus.