PALO ALTO, Calif., May 6, 2026, 12:04 PDT
- D-Wave has set June 18 for Qubits Europe 2026, picking London as the host city.
- QBTS jumped roughly 9% in New York, with traders eyeing the company’s earnings slated for May 12.
- The next hurdle: D-Wave needs to prove its orders and revenue are starting to match those technology claims.
D-Wave Quantum Inc jumped over 9% Wednesday following news that the quantum-computing company plans a London user conference in June, where it aims to highlight its technology roadmap and customer projects. According to an 8-K filing, Qubits Europe 2026 is set for June 18 in London.
This shift comes as D-Wave faces a critical period, with investors shifting focus to evidence of actual commercial uptake rather than scientific breakthroughs alone. Shares changed hands at $23.505 at 2:49 p.m. EDT, rising 9.1%, after hitting an intraday peak of $24.025, market data show.
D-Wave is on deck to release its first-quarter 2026 numbers ahead of the bell May 12. CEO Alan Baratz and CFO John Markovich plan to run through the figures and offer guidance during an 8 a.m. Eastern call.
Wall Street’s focus lands on a modest but pricey revenue stream. For the first quarter, analysts are calling for a loss of 8 cents per share and $4.19 million in revenue, according to MarketBeat. Seventeen firms now track the stock, with the group collectively issuing a “Moderate Buy” and setting the average 12-month price target at $35.53. MarketBeat
D-Wave plans to share news from London on its annealing and gate-model systems, plus developments in hybrid quantum software and quantum AI. Quantum annealing focuses largely on optimization—essentially, searching for the best or most suitable option among various outcomes.
“Europe is playing an important role in the advancement and adoption of quantum computing,” Baratz said in the company’s statement. He described quantum computing as more than a scientific pursuit, calling it a strategic technology with implications for industry, research, and national competitiveness. Securities and Exchange Commission
The schedule isn’t a coincidence. IonQ, Rigetti Computing, and Quantum Computing Inc are also up this earnings cycle, with the spotlight fixed on whether quantum players can actually turn research advances into signed deals and steady revenue. Investor’s Business Daily notes that D-Wave, Rigetti, Quantum Computing Inc, Infleqtion, and Xanadu all have earnings on deck this week.
D-Wave’s push to differentiate itself includes a dual-platform approach. Back in January, the company paid $250 million in cash and handed over 10,430,444 D-Wave shares to acquire Quantum Circuits Inc, picking up gate-model technology to go alongside its own annealing systems.
D-Wave’s most recent full-year numbers set the scene: the company posted 2025 revenue of $24.6 million, a 179% jump from 2024. Cash and marketable securities hit $884.5 million at the end of the year. Bookings for the start of 2026 had already topped $32.8 million by Feb. 25.
Before the London event, D-Wave is lining up its debut investor day at the New York Stock Exchange on June 1. “The quantum computing industry is entering a decisive phase where proof, not potential, will define the winners,” Baratz said in the April 29 announcement. D-Wave Quantum
The catch: the stock’s timeline might be too optimistic about how fast D-Wave can deliver. In a January filing, D-Wave flagged risks around Quantum Circuits integration, possible cost overruns, and setbacks in both development and commercialization, all of which could drag on results and pressure the share price.
QBTS faces a packed schedule—earnings drop May 12, investor day lands June 1, then Qubits Europe comes up June 18. The focus is sharp: can D-Wave demonstrate real customer momentum to justify the rally?
