D-Wave Quantum Inc.(QBTS)Earnings Date, History & Expected MoveNASDAQ
Next report date, beat rate and options-implied move
QBTS is scheduled to report on Nov 5, 2026, usually before the market opens. Analysts expect EPS of -$0.10.
EPS: Actual vs Estimate
Reported earnings per share against the consensus estimate, last 12 quarters.
Green = beat or met, red = missed, amber = our data sources disagree on beat vs miss for that quarter.
Stock Reaction After Earnings
Close-to-close move in the first session that reflected each report.
Dashed lines mark the average actual move (±12.1%).
Did the stock rise after good news?
"Beat" means the company earned more than analysts expected. Here is what the stock did the next day.
In plain words: it beat expectations 3 times, but the stock still fell 2 of those 3 times.
- Aug '26Missed▼ -9.3%
- May '26Beat▼ -7.0%
- Nov '25Beat▼ -8.5%
- Aug '25Missed▼ -2.3%
- May '25Beat▲ +51.2%
- Nov '24Missed▲ +5.1%
- May '24Missed▲ +5.4%
- Mar '24Missed▼ -2.9%
- Nov '23Missed▼ -17.0%
Only reports with a clear beat or miss and a known price reaction are counted. A beat does not guarantee a gain.
Why did QBTS fall after beating earnings?
Beating or missing estimates is only part of the story. These are the measurable things that stand out for each surprising reaction.
QBTS beat EPS estimates in 3 quarters, and the stock still closed lower the next day 2 times.
- May 12, 2026EPS beat +37.5%→stock -7.0% next day
- It had risen 64.0% in the 20 trading sessions before the report, so good news may already have been priced in.
- It opened 6.7% lower as soon as trading resumed.
- Nov 6, 2025EPS beat +28.6%→stock -8.5% next day
- It opened 1.7% lower as soon as trading resumed.
Rose despite an EPS miss (2 of 6)
- Nov 14, 2024EPS missed -25.0%→stock +5.1% next day
Nothing in the price and estimate numbers we track stands out for this one. Guidance and management comments are not part of our data.
- May 13, 2024EPS missed -42.9%→stock +5.4% next day
- It had already fallen 20.2% in the 20 trading sessions before the report, so weak results may have been expected.
These are patterns visible in estimates and prices, not confirmed causes. Information only, not investment advice.
Was QBTS's earnings move already priced in?
Stocks often move in the weeks before a report. This compares that run-up with what happened after the report.
“Month before” is the move over the 20 trading days up to the last close before the report. “Priced in” means the good news may already be in the price. A run-up of 5% or more is treated as large.
Before vs after each report
Grey: how the stock moved in the 20 trading days before the report. Green or red: how it moved the day after.
Past reports only: this shows what happened, not what will happen.
Does QBTS hold its opening gap after earnings?
A gap is how far the stock opens from the previous close. A gap fades when the stock gives back at least half of it by the end of the day.
In 9 reports QBTS opened at least 1% away from the previous close. It gave back half or more of that gap by the close 4 of 9 times (44%), and fully reversed 3 times. Gaps up faded 1 of 2; gaps down recovered 3 of 7.
- Aug 6, 2026HeldOpened -13.8%, closed -9.3%
- May 12, 2026HeldOpened -6.7%, closed -7.0%
- Nov 6, 2025HeldOpened -1.7%, closed -8.5%
- Aug 7, 2025HeldOpened -3.3%, closed -2.3%
- May 8, 2025HeldOpened +25.8%, closed +51.2%
- Nov 14, 2024ReversedOpened -1.1%, closed +5.1%
- May 13, 2024ReversedOpened -2.3%, closed +5.4%
- Mar 28, 2024FadedOpened -10.5%, closed -2.9%
Gap = opening price vs the previous close. Close = the end of the first session that reflected the report. Reports without a clear opening time are left out.
QBTS earnings history
Last 12 reported quarters with the stock's reaction.
Swipe sideways to see every column →
| Report date | Time | EPS est. | EPS actual | Surprise | 1-day move | 3-day move |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Before open | -$0.09 | -$0.13 | -44.4% | -9.28% | -5.61% |
| May 12, 2026 | Before open | -$0.08 | -$0.05 | +37.5% | -6.99% | -7.91% |
| Feb 26, 2026 | Before open | -$0.06 | -$0.09 | -50.0% | — | — |
| Nov 6, 2025 | Before open | -$0.07 | -$0.05 | +28.6% | -8.48% | -5.32% |
| Aug 7, 2025 | Before open | -$0.05 | -$0.08 | -60.0% | -2.33% | -1.19% |
| May 8, 2025 | Before open | -$0.04 | -$0.03 | +25.0% | +51.23% | +55.59% |
| Mar 13, 2025 | Before open | -$0.06 | -$0.08 | -33.3% | — | — |
| Nov 14, 2024 | Before open | -$0.08 | -$0.10 | -25.0% | +5.06% | -19.10% |
| Aug 8, 2024 | Before open | -$0.08 | -$0.11 | -37.5% | — | — |
| May 13, 2024 | Before open | -$0.07 | -$0.10 | -42.9% | +5.38% | +2.31% |
| Mar 28, 2024 | Before open | -$0.08 | -$0.09 | -12.5% | -2.86% | -12.38% |
| Nov 9, 2023 | Before open | -$0.12 | -$0.14 | -16.7% | -17.02% | -15.38% |
Consensus for the next report: EPS -$0.10, revenue $4.42M.
QBTS Earnings FAQ
Answers computed from D-Wave Quantum Inc.'s reported history
QBTS is scheduled to report on Nov 5, 2026, usually before the market opens. Analysts expect EPS of -$0.10.
Over the last 12 quarters with a usable EPS surprise, QBTS beat the consensus estimate 3 times (25%), missed 9 and landed in line 0.
Across its last 9 quarters with a measured reaction, QBTS moved an average of ±12.1% in the first session after reporting. It closed higher 33% of the time; the largest gain was 51.2% and the largest drop -17.0%.
Across its last 9 quarters with price data, QBTS moved an average of +13.4% in the 20 trading sessions before reporting and was higher in 67% of them. After a run-up of 3% or more (6 quarters), it fell the next day 67% of the time, averaging +5.8%. After a drop of 3% or more (3 quarters), it rose the next day 33% of the time, averaging -6.7%. This describes past reports; it is not a forecast.
In 9 reports QBTS opened at least 1% away from the previous close. It gave back half or more of that gap by the close 4 of 9 times (44%), and fully reversed 3 times. A fade means the opening move was partly undone during the first session.
How we calculate these numbers
Reported EPS and estimates come from Yahoo Finance; report times, upcoming dates and revenue come from Finnhub. The 1-day move is the close-to-close change over the first session that reflects the report (the report-day close for after-close reports, the prior close for pre-market reports); reactions are left blank when the report time is unknown or looks inconsistent. The expected move is the price of the nearest at-the-money straddle that expires after the report divided by the share price, shown only when the quotes are liquid. Quarters where the two data sources disagree on beat versus miss are shown but never counted. Information only, not investment advice.