Operator
Operator
Good morning, and welcome to the D-Wave First Quarter 2026 Earnings Call. Please note this event is being recorded. I would now like to turn the conference over to Kevin Hunt, Investor Relations. Please go ahead.
Methodology published · Market data, model notes, and corrections process are public · Data policy · Corrections policy
NYSE · TECHNOLOGY · Earnings & dividends
D-Wave Quantum Inc. earnings and payout view.
Next scheduled report, last quarterly EPS, consensus estimates, payout status, and capital-return context for QBTS.
Earnings read
QBTS last EPS surprise was +20.8%.
Start with the next report date, recent EPS quality, surprise history, and payout cushion. The detailed history and dividend table stay below for verification.
Next report
Pending
Confirmed schedule pending
EPS TTM
$-1.14
Next annual estimate $-0.38
Last surprise
+20.8%
$-0.05 actual vs $-0.06 estimate
Payout safety
Pending
- Next report
- Pending
- Confirmed schedule pending
- EPS (TTM)
- $-1.14
- Est. next: $-0.38
- Latest reported EPS
- $-0.05
- Consensus: $-0.06
- Last EPS surprise
- +20.8%
- Beat · $-0.05 actual vs $-0.06 est.
EPS History & Surprise
| Period | Actual EPS | Est. EPS | Surprise |
|---|---|---|---|
| Q3 | $-0.01 | $0.00 | — |
| Q4 | $-0.01 | — | — |
| Q1 | $0.41 | — | — |
| Q2 | $0.41 | — | — |
| Q3 | $0.28 | — | — |
| Q4 | $-0.01 | — | — |
| Q1 | $-0.10 | $-0.10 | +0.0% |
| Q2 | $-0.12 | $-0.13 | +7.7% |
Most recent periods shown. Full history available via data providers.
Dividends and capital return
Payout status beside the earnings base.
Dividend yield only makes sense next to earnings power. TECHi keeps payout ratio, yield, and ex-date on this page so income investors can read the cash return against EPS.
Dividend policy read
QBTS is not currently showing a regular dividend programme.
TECHi did not find a current declared payout, dividend yield, ex-dividend date, or payment-history row in the latest market-data snapshot. That points the read toward reinvestment, growth, margins, cash generation, and balance-sheet strength rather than recurring cash income.
EPS beat history
QBTS has 3 beats in the last 6 reported quarters.
Recent reported quarters are compared against the consensus estimate so the latest print is easy to read at a glance. Positive bars mean reported EPS cleared expectations; negative bars mark misses.
- Last actual EPS
- $-0.05
- Q1 FY2026
- Last estimate
- $-0.06
- May 12, 2026
- Surprise amount
- +$0.01
Recent quarters
Q1 FY2026+20.8%
$-0.05 actual vs $-0.06 est.
Q4 FY2025-45.4%
$-0.09 actual vs $-0.06 est.
Q3 FY2025+28.6%
$-0.05 actual vs $-0.07 est.
Q2 FY2025-48.1%
$-0.08 actual vs $-0.05 est.
Q1 FY2025+67.0%
$-0.02 actual vs $-0.06 est.
Q4 FY2024-25.0%
$-0.10 actual vs $-0.08 est.
Earnings call transcript
QBTS 2026Q1 call commentary.
12 segments
0.00
Kevin Hunt
Investor Relations
Thank you, and good morning. With me today are Dr. Alan Baratz, our Chief Executive Officer; and John Markovich, our Chief Financial Officer. Before we begin, I would like to remind everyone that this call will contain forward-looking statements, which are...
Dr. Alan Baratz
Chief Executive Officer
Good morning, everyone, and thank you for joining us. I want to begin by sharing a few perspectives on the quantum computing landscape. As Linus Torvalds, the creator of Linux, once said, 'Talk is cheap. Show me the code.' That idea feels especially relevant...
John Markovich
Chief Financial Officer
Thank you, Alan, and thank you to everyone taking the time to participate in today's call. Revenue in the first quarter of 2026 was $2.9 million, a decrease of $12.1 million or 81% from the first quarter of 2025 revenue of $15 million that included $12.6...
Operator
Operator
The first question comes from Quinn Bolton with Needham.
Shaw (for Quinn Bolton)
Analyst (Needham)
This is Shaw on for Quinn. Congrats on the increased system sales outlook. I guess staying on that topic, what's driving your confidence in being able to secure two to three system sales a year? And how do you view the split between annealing and gate model...
Earnings desk view
QBTS EPS history is live.
D-Wave Quantum Inc. has per-quarter EPS history available across recent reports, pairing the latest actual EPS with consensus estimates and valuation context. TECHi tracks editorial reactions to earnings reports as they become available.
Frequently asked
Common questions.
When does QBTS next report earnings?
D-Wave Quantum Inc. reports quarterly. Track the latest scheduled date and consensus estimate on TECHi's QBTS earnings page — updated whenever the company confirms the quarterly call.
What is QBTS's EPS?
D-Wave Quantum Inc.'s trailing earnings per share is approximately $-1.14 based on the most recent fundamentals snapshot.
Where can I find QBTS's earnings history?
TECHi's QBTS earnings page covers the next scheduled report, the last several quarters of beats and misses, and editorial commentary tied to each release.
Did QBTS beat earnings last quarter?
Beat / miss commentary for the most recent D-Wave Quantum Inc. quarter is published on the TECHi QBTS earnings page. Subscribe to the markets newsletter for the morning brief on every print.
Does QBTS pay a dividend?
D-Wave Quantum Inc. (QBTS) does not currently pay a dividend, or no payout has been recorded in the latest fundamentals snapshot.
Where can I track QBTS's dividend history?
TECHi's QBTS earnings and dividends page shows the live yield, payout history, ex-dividend dates, payout ratio, and dividend-safety commentary beside EPS history.