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D-Wave Quantum (QBTS)
NYSE:QBTS
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.08Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 176.34%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong positive sentiment driven by record financial performance, technical achievements, and commercial progress. However, challenges such as decreased bookings and limited interest from the US Government were noted.Company Guidance
During the Q1 FY2025 earnings call, D-Wave highlighted significant financial and technical achievements. The company reported record quarterly revenue of $15 million, a substantial increase from $2.5 million in Q1 FY2024, driven by the sale of an Advantage2 system. The cash position at the end of the quarter was a robust $304 million, believed to be sufficient to reach profitability. Gross margins also improved significantly, with non-GAAP gross margin increasing to 93.6% from 76.6% in the previous year. The quarter's net loss decreased to $5.4 million, down from $17.3 million in the prior year, marking the lowest quarterly loss since D-Wave became a public company. Key technical milestones included the demonstration of quantum supremacy, advancements in the Advantage2 system, and new developments in blockchain and AI applications. The company also reported increased interest and engagement from customers, including Ford Otosan and Japan Tobacco, as they move towards production applications.Record Quarterly Revenue
D-Wave reported a record Q1 revenue of $15 million, a significant increase of 509% from the previous year's Q1 revenue of $2.5 million.
Strong Financial Position
The company closed the quarter with a record $304 million in cash, providing a solid financial position to achieve profitability.
Quantum Supremacy Achievement
D-Wave's 1200 qubit prototype Advantage2 quantum computer demonstrated quantum supremacy by performing a complex simulation in minutes, which would take nearly 1 million years on a supercomputer.
Advancements in Quantum Computing
The Advantage2 system has achieved milestones such as calibrated 4,400+ qubit processors, increased coherence time, and enhanced qubit connectivity, showing impressive performance gains.
Commercial Progress with Ford Otosan
Ford Otosan developed a hybrid quantum application in production, improving scheduling time for 1,000 vehicles from 30 minutes to less than five minutes.
Significant Gross Margin Improvement
GAAP gross margin for the first quarter was 92.5%, up from 67.3% in the previous year, driven by higher-margin system sales.
QBTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
QBTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $6.89 | $10.42 | +51.23% |
Mar 13, 2025 | $5.82 | $6.91 | +18.73% |
Nov 14, 2024 | $1.78 | $1.87 | +5.06% |
Aug 08, 2024 | $0.81 | $0.80 | -1.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does D-Wave Quantum (QBTS) report earnings?
D-Wave Quantum (QBTS) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is D-Wave Quantum (QBTS) earnings time?
D-Wave Quantum (QBTS) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QBTS EPS forecast?
QBTS EPS forecast for the fiscal quarter 2025 (Q2) is -0.05.
