D-Wave Quantum’s Earnings Preview: A Pivotal Moment for Quantum Computing
D-Wave Quantum (QBTS) approaches its November 6 earnings report with analysts forecasting a steady EPS of -$0.07, though revenue is expected to jump 62% year-over-year to $3.03 million. The quantum computing firm's technological leap—its newly launched Advantage2 system—promises enhanced qubit connectivity, potentially accelerating commercial adoption.
Financial resilience underscores the narrative: a recent $400 million equity offering bolsters cash reserves to $815 million, providing ample runway for R&D. Needham's bullish $30 price target revision highlights institutional confidence, with analyst Quinn Bolton noting D-Wave's hybrid quantum-classical approach as a key differentiator in this embryonic sector.