D-Wave Quantum Falls 7% on Wider-Than-Expected Loss Despite Revenue Beat; Rigetti Slides 3%, IonQ Holds Steady
- On Tuesday, November 10, 2026, D-Wave Quantum reported Q3 results, with shares falling 7% as investors focused on rising costs despite a revenue beat.
- Operating expenses surged 84% to $55.9 million, driven by personnel costs and the Quantum Circuits acquisition, widening the GAAP loss to $0.13 per share, missing the $0.10 consensus estimate.
- Revenue rose 20.7% to $4.51 million, beating the $4.34 million consensus, though quarterly bookings fell 19% to $1.9 million, excluding a $20 million Florida Atlantic University system sale.
- Sympathy selling dragged Rigetti Computing down 2% and IonQ down 1% as quantum stocks moved together on sentiment, spreading the earnings miss across the sector.
- Management pointed to a growing backlog and a definitive agreement for up to $100 million in CHIPS Act funding to support the company's long-term roadmap and pipeline conversion.
22 Articles
22 Articles
Surging Costs And Margin Compression Drive D-Wave Quantum (NYSE: QBTS) Selloff Despite Revenue Beat
A dramatic 84% year-over-year surge in operating expenses to $55.9 million is the real force driving D-Wave Quantum (NYSE: QBTS) shares lower on Tuesday, overshadowing a headline revenue beat. Gross margin deteriorated sharply to 52.9% from 71.4% a year earlier, reflecting a business mix shift toward lower-margin professional services rather than higher-value product revenue. The […]
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BITRSSD-Wave Quantum Stock Falls After Q3 Earnings as Bookings Drop 19%
D-Wave Quantum (NASDAQ: QBTS) shares fell about 8% to $10.59 in Tuesday's morning trading after the quantum computing company reported third-quarter results showing weaker bookings and a wider adjusted EBITDA loss, despite revenue exceeding Wall Street estimates. D-Wave recorded third-quarter bookings of $1.9 million, down 19% from a year earlier and below the $2.1 million reported in the second quarter.Visit Website
D-Wave Quantum Falls 7% on Wider-Than-Expected Loss Despite Revenue Beat; Rigetti Slides 3%, IonQ Holds Steady
Wall Street is looking past a revenue beat at D-Wave Quantum (NYSE:QBTS) and focusing on a wider loss and climbing costs. D-Wave stock is at $10.68, down 7% this morning. The company released its Q3 2026 results before the open on November 10, and the report gave both the bulls and the bears plenty to […]
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