D-Wave Quantum Shares Jump on Sector Rally
Shares rose 14.31% to $10.35 Friday after IonQ reported third-quarter revenue above analyst estimates and raised its full-year sales guidance.
Updated on Nov. 6, 2026 in Quantum Computing
D-Wave Quantum shares climbed 14.31% to $10.35 on Friday as quantum computing stocks rallied. The gains followed IonQ's third-quarter revenue of $173.83 million, which beat analyst estimates and lifted its full-year 2026 sales outlook.
Why it matters
The rally lifted heavily shorted quantum stocks, with D-Wave's short interest equal to 23.66% of its public float. Investors are watching whether sector momentum holds ahead of D-Wave's own quarterly report.
IonQ's $173.83 million in quarterly revenue exceeded the $141.63 million analyst estimate, while D-Wave's consensus quarterly revenue is $4.33 million, up from $3.74 million a year earlier. Analyst forecasts for D-Wave's quarterly loss stand at 10 cents per share, and the extraction does not say how these results will compare with actual figures.
The players
D-Wave Quantum
A quantum computing company whose stock is heavily shorted and tracked by 16 analysts, all rating it a Buy.
IonQ
A quantum computing company whose third-quarter revenue beat estimates and whose improved guidance helped lift the sector.
B. Riley Securities
An investment bank that cut its D-Wave price target from $40 to $27 while keeping a Buy rating.
The details
IonQ reported its results after the market close Thursday, and the positive numbers spread across the quantum computing group on Friday. D-Wave shares, which carry significant short interest, rose 14.31% in the session but remain about 10% below their 20-day moving average of $11.53.
Timeline
Thursday: IonQ reports third-quarter earnings after the market close.
Friday: D-Wave Quantum shares rise 14.31% in the sector rally.
Tuesday: D-Wave scheduled to report third-quarter 2026 financial results.
The Tech Race
Quantum computing stocks have moved in tandem as investors compare revenue growth across the small group of publicly traded firms. IonQ's beat and D-Wave's pending report now serve as near-term tests of whether that sector-wide momentum can continue.
Investors holding quantum stocks face sharp day-to-day price swings driven by peer earnings and short positioning. Anyone trading these names should watch the Tuesday report, since it could confirm or reverse Friday's gains.
The takeaway
Quarterly results from one quantum computing company can quickly reshape prices across the group, especially where short interest is high. Readers tracking the sector should compare each firm's actual revenue against published consensus figures rather than relying on sector-wide moves.
What happens next
D-Wave Quantum is scheduled to report third-quarter 2026 financial results on Tuesday, when investors will compare actual results with consensus estimates of a 10-cent loss per share and $4.33 million in revenue.
Further reading
Explore more coverage in the Quantum Computing section.
Source note: This article includes information reported by Benzinga.
