D-Wave Quantum (QBTS) Stock Soars 20% Ahead of CES 2026 Tech Showcase

Wall Street bets on quantum computing's next big reveal.

D-Wave Quantum's stock just ripped higher—a 20% surge that's got traders buzzing. The catalyst? The company's confirmed plans to showcase breakthrough technology at CES 2026. It's the kind of pre-show hype that can make or break a tech stock's quarter.

The CES Catalyst

Forget quiet R&D labs. The Consumer Electronics Show has become the gladiatorial arena for tech giants and ambitious upstarts. Securing a prime spot on that stage isn't just about PR; it's a signal to the market. D-Wave's announcement tells investors they have something tangible—or at least convincingly flashy—to unveil. The 20% pop is the market pricing in that potential before a single prototype is demoed.

Quantum's Financial Paradox

Here's the cynical finance jab: quantum computing remains a sector where billion-dollar valuations are built on million-dollar revenues and promises measured in qubits. A 20% move on a trade show announcement perfectly captures the speculative fervor. It's a bet on a future that's always five years away, funded by today's easily excitable capital.

The surge sets a high bar. CES 2026 is now a make-or-break moment for D-Wave to convert hype into commercial credibility. Deliver, and the rally has legs. Stumble, and that 20% gain could vanish faster than a decoherent qubit.

TLDR

• D-Wave Quantum stock jumped over 20% on Monday after announcing it will showcase quantum computing technology at CES 2026 in January
• The company will demonstrate annealing quantum computers, hybrid quantum-classical solvers, and real-world customer applications at the event
• Vice President Murray Thom will lead a masterclass on solving complex problems in manufacturing, supply chain, materials science, and telecommunications
• The quantum computing sector rallied broadly with Rigetti up 13% and IonQ up 11% on the same day
• D-Wave stock has climbed nearly 230% in 2025 but remains unprofitable with a 400x price-to-sales ratio

D-Wave Quantum stock surged over 20% on Monday following the company’s announcement that it will present its quantum computing technology at CES 2026. The event takes place in January and represents one of the most watched tech showcases in the world.

D-Wave Quantum Inc., QBTS

The stock closed the trading session at gains that reflected renewed investor interest in the quantum computing space. D-Wave’s participation at CES marks a rare opportunity to demonstrate quantum technology to a mainstream global audience.

The company plans to showcase its annealing quantum computers and hybrid quantum-classical solvers. Real-world customer use cases will also be featured during the presentation.

Murray Thom, D-Wave’s vice president of quantum technology evangelism, will lead a masterclass at the event. The session will focus on how the company’s systems address complex optimization problems across multiple industries.

Those industries include manufacturing, supply chain management, materials science, and telecommunications. Thom will also discuss the growing connections between quantum computing, artificial intelligence, and blockchain technology.

This intersection has captured investor attention throughout 2025. The combination of these emerging technologies continues to drive speculation about commercial applications.

Quantum Sector Rallies Across the Board

The quantum computing sector experienced broad gains on Monday. Rigetti Computing ROSE 13% while IonQ climbed 11% during the same trading session.

These moves suggest growing confidence that quantum computing is transitioning from theoretical research to commercial viability. The sector has benefited from increased enterprise adoption and fresh partnership announcements.

D-Wave has already posted strong numbers in 2025. The stock has gained nearly 230% over the course of the year.

In the third quarter, the company reported 100% revenue growth compared to the prior year period. CEO Dr. Alan Baratz stated that the world is watching quantum computing and specifically D-Wave’s progress.

The company pointed to improvements in gross profit, bookings, and cash balance as evidence of momentum. D-Wave currently generates approximately $24 million in annual revenue.

Wall Street Expectations and Valuation

Analysts maintain a Strong Buy consensus rating on D-Wave stock. Thirteen Buy ratings have been issued in the last three months with no Hold or Sell ratings.

The average price target stands at $40, implying a 24% upside from current levels. However, the stock carries a price-to-sales ratio of 400x.

D-Wave remains unprofitable with no clear timeline for reaching breakeven. Analysts don’t expect the company to turn profitable before 2030.

To achieve profitability, Wall Street estimates D-Wave needs to reach annual revenue exceeding $590 million. That represents a substantial gap from current revenue levels.

The company’s market valuation sits at $9.6 billion. This creates a disconnect between current financial performance and market expectations.

Big tech companies and government entities continue to increase their quantum computing investments. This has helped fuel Optimism about the sector’s prospects heading into 2026.

D-Wave’s CES 2026 participation adds to the company’s visibility in a year that has already seen strong stock performance.