D-Wave Quantum Expands Dual Platforms As Stock Trades Below Valuation Estimates - simplywall.st

United States/Software/NYSE:QBTSD-Wave Quantum Expands Dual Platforms As Stock Trades Below Valuation Estimates January 27, 2026Simply Wall StReviewed by Bailey PembertonShareCopy Link D-Wave Quantum (NYSE:QBTS) announced the acquisition of Quantum Circuits Inc. The deal makes D-Wave the only public quantum computing company with both annealing and gate-model systems. The transaction expands the company’s technology stack and potential customer reach in quantum computing. D-Wave Quantum, listed on the NYSE under the ticker QBTS, has been known primarily for its annealing-based quantum systems, which target optimization and related use cases. By adding Quantum Circuits Inc.'s gate-model technology, the company now addresses a broader set of quantum workloads that many enterprises and researchers are exploring across the sector. For investors, the combination of annealing and gate-based hardware puts NYSE:QBTS in a distinct position among public quantum names, with a wider product toolkit to offer potential customers. As enterprises test different quantum approaches, this dual-platform setup may influence how the company allocates capital, prioritizes R&D, and frames its long-term commercial strategy in the quantum computing market. Stay updated on the most important news stories for D-Wave Quantum by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on D-Wave Quantum. NYSE:QBTS Earnings & Revenue Growth as at Jan 2026 How D-Wave Quantum stacks up against its biggest competitors AdvertisementQuick Assessment ✅ Price vs Analyst Target: At US$23.75, the share price sits below the US$38.70 analyst target range midpoint. ✅ Simply Wall St Valuation: The stock is flagged as undervalued, trading about 70.4% below the estimated fair value. ❌ Recent Momentum: The 30 day return is roughly a 6.1% decline. Check out Simply Wall St's in depth valuation analysis for D-Wave Quantum. Key Considerations 📊 The Quantum Circuits Inc. acquisition gives D-Wave both annealing and gate-model systems. This could broaden potential use cases for its platforms. 📊 Watch how management integrates the new technology stack, any changes in R&D spend, and whether the market reacts to the discount versus estimated fair value and analyst target. ⚠️ The company remains loss making, with a net loss of US$398.8m and negative EPS of US$1.14, so execution risk around monetising this larger platform is important.

Dig Deeper For the full picture including more risks and rewards, check out the complete D-Wave Quantum analysis. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

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Alternatively, email editorial-team@simplywallst.comAbout NYSE:QBTSD-Wave QuantumDevelops and delivers quantum computing systems, software, and services worldwide.See The Free Research ReportAdequate balance sheet with slight risk.See The Free Research ReportSimilar CompaniesNasdaqGS:GOOGLAlphabetNasdaqGS:MSFTMicrosoftMarket InsightsHow to invest when commodity prices get messy ⚖️Richard BowmanWhy Didn’t Oil React to Venezuela? 🇻🇪Stella OngWhich Markets Will Sink or Swim in 2026? 🌍Richard BowmanAdvertisementWeekly Picksandre_santos on Ferrari · 17 days agoFerrari's Intrinsic and Historical ValuationFair Value:€243.5616.9% overvalued30 followersusers have followed this narrative·0 commentsusers have commented on this narrative·7 likesusers have liked this narrativeTibiT on Costco Wholesale · about 1 month agoInvestment Thesis: Costco Wholesale (COST)Fair Value:US$726.2934.6% overvalued25 followersusers have followed this narrative·2 commentsusers have commented on this narrative·11 likesusers have liked this narrativeOOOOO97 on Neo Performance Materials · 26 days agoUndervalued Key Player in Magnets/Rare EarthFair Value:CA$25.3322.3% undervalued67 followersusers have followed this narrative·0 commentsusers have commented on this narrative·17 likesusers have liked this narrativeRecently Updated NarrativesCOcomposite32 on TAV Havalimanlari Holding · 1 day agoTAV Havalimanlari Holding will soar with €2.5 billion investments fueling future growthFair Value:₺475.5130.1% undervalued3 followersusers have followed this narrative·0 commentsusers have commented on this narrative·0 likesusers have liked this narrativeINInvestingNurse on Lexaria Bioscience · 1 day agoLexaria Bioscience's Breakthrough with DehydraTECH to Revolutionize Drug DeliveryFair Value:US$5.5585.3% undervalued1 followerusers have followed this narrative·0 commentsusers have commented on this narrative·0 likesusers have liked this narrativeACAceRoth on Sirios Resources · 2 days agoSIrios Resources (SOI) is significantly undervalued on a risk-adjusted basis.Fair Value:CA$3.3593.0% undervalued2 followersusers have followed this narrative·0 commentsusers have commented on this narrative·0 likesusers have liked this narrativePopular NarrativesWEWealthAP on PayPal Holdings · about 1 month agoThe "Sleeping Giant" Stumbles, Then Wakes UpFair Value:US$8231.0% undervalued82 followersusers have followed this narrative·6 commentsusers have commented on this narrative·35 likesusers have liked this narrativeOOOOO97 on Neo Performance Materials · 26 days agoUndervalued Key Player in Magnets/Rare EarthFair Value:CA$25.3322.3% undervalued67 followersusers have followed this narrative·0 commentsusers have commented on this narrative·17 likesusers have liked this narrativeANAnalystConsensusTarget on NVIDIA · about 1 month agoNVDA: Expanding AI Demand Will Drive Major Data Center Investments Through 2026Fair Value:US$253.0226.3% undervalued1037 followersusers have followed this narrative·6 commentsusers have commented on this narrative·31 likesusers have liked this narrativeTrending DiscussionHOHolger on IREN · 4 days agoReported: Revenue growth: 2024 → 2025 sharp increase of approx. 165%. Assuming moderate annual growth of 40%, a fair value in three years would be approx. $170. Given the customer base and the story, this should be possible. I find the most valuable “property” particularly interesting, as it solves the electricity problem.1|0HEHemingway on Aeva Technologies · 1 day agoNVDA+AEVA Agreement is a game changer for the AEVA stock even though it is just a partnership and does not have a roll out until 2028 (which means receivables as early as 2027, I would imagine) This agreement effectively moves the goal posts of profitability for AEVA much closer since this is in addition to the recent Forterra agreement, as well as the (just announced) European carmaker agreement (which is believed to be Mercedes-Benz). Underneath all of this, AEVA has a pre-existing agreement with Daimler truck. So business seems to be booming, especially with really big name brands…which tends to bring in more brand nanes (and more agreements/contracts/announcements, etc). This often creates more coverage from analysts (often with upside stock upgrades) that I believe will be occurring over the next 3 to 6 months (as professional traders/analysts often research for 2 to 3 months before initiating coverage of a new issue). Anyway, just my opinion , so please do your own due diligence. Disclaimer: I DO trade in this stock from time to time and I may have a position currently0|0DOdoncarletto on Worldline · 1 day agook, if the downward trend keeps on people are distressed and cannot assess the general standing of this company. Yes, it plunged from about € 80 to 1 and a half. The personal losses and the general trend depict a detrimental development. However, the core figures of the decade long grown structure (WLN) is quite sound. Except they have far too many employees. A reduction would help, but is not so easy in France. This is a genuine case of restructuring a high tech company. It will take some 2 - 5 years. However, the firm itself and its business model is fine. The CEOs are attempting to get it on track. The valuation of the peer group can only help to image the possibilies and potentials of this enterprise. As the firm is thorougly probed and investigated, a wirecard case can be excluded. A range from 1.3 to 2 can be assumed as a bottom. Some turn around traders may see this as a decade chance.