QBTS Earnings
Thursday, May 07 2026
EPS Estimate
$-0.08
$-0.10 – $-0.04
Revenue Estimate
$4M
Current Price
$20.36
Our Position
bullish · highQBTS Surges 23% on Nvidia Quantum AI Models
est. revisions rising
(+25.4pp / 30d)
The Nvidia-driven rally highlights investor excitement in D-Wave's quantum prospects but the large insider sell-off signals caution on valuation and execution risks.
Watch: Upcoming quarterly earnings will be critical to confirm revenue growth and operational improvements behind recent price gains.
Data Signal Summary
1 bullish
2 bearish
Insider selling cluster
Put/call 0.4 (bullish skew)
Price downtrend
Key Context
Insider Activity
selling
Price Trend
downtrend
From 52w High
-6.1%
Est. Revisions (30d)
+0.0% 0up/6dn
Analyst Target (mean)
$37 $20–$45 +81%
Options P/C Ratio
0.42
Est. Dispersion
79% 11 analysts
Insider Cluster
strong sell
Fund Convergence
strong Citadel, Renaissance, D.E. Shaw
Recent Activity
insider trades
83 transactions
Sell
·
GHAI ROHIT (Director)
·10,000 shares
·$176,168
Sell
·
MARKOVICH JOHN M (Chief Financial Officer)
·10,706 shares
·$188,723
Sell
·
NGUYEN DIANE (General Counsel)
·2,532 shares
·$44,634
Sell
·
DILULLO JOHN DAVID (Director)
·8,000 shares
·$144,098
Award
·
NGUYEN DIANE (General Counsel)
·28,068 shares
78 more
Sell
·
NGUYEN DIANE
·1,451 shr
·$28,671
Sell
·
BARATZ ALAN E
·35,013 shr
·$982,545
Sell
·
MARKOVICH JOHN M
·9,179 shr
·$257,584
Sell
·
NGUYEN DIANE
·24,519 shr
·$703,972
Sell
·
BARATZ ALAN E
·793,712 shr
·$23,913,114
Exercise
·
BARATZ ALAN E
·793,712 shr
·$722,278
Sell
·
MARKOVICH JOHN M
·100,000 shr
·$3,002,620
Exercise
·
MARKOVICH JOHN M
·100,000 shr
·$92,000
Sell
·
MARKOVICH JOHN M
·11,562 shr
·$276,267
Sell
·
GHAI ROHIT
·10,000 shr
·$242,841
Sell
·
NGUYEN DIANE
·2,733 shr
·$65,303
Sell
·
DILULLO JOHN DAVID
·8,000 shr
·$218,890
Sell
·
MARKOVICH JOHN M
·200,000 shr
·$5,261,000
Exercise
·
MARKOVICH JOHN M
·200,000 shr
·$184,000
Sell
·
NIELSEN KIRSTJEN
·7,000 shr
·$158,340
Other
·
DILULLO JOHN DAVID
·492 shr
Sell
·
MARKOVICH JOHN M
·200,000 shr
·$4,588,000
Buy
·
WEST STEVEN M.
·82 shr
·$1,795
Sell
·
BARATZ ALAN E
·168,102 shr
·$3,895,663
Sell
·
MARKOVICH JOHN M
·98,060 shr
·$2,272,482
Sell
·
NGUYEN DIANE
·22,803 shr
·$538,240
Sell
·
BARATZ ALAN E
·806,288 shr
·$23,276,406
Exercise
·
BARATZ ALAN E
·806,288 shr
·$733,722
Sell
·
BARATZ ALAN E
·31,369 shr
·$1,372,187
Sell
·
MARKOVICH JOHN M
·7,994 shr
·$349,685
Sell
·
NGUYEN DIANE
·20,827 shr
·$911,044
Sell
·
DILULLO JOHN DAVID
·8,000 shr
·$143,432
Sell
·
GHAI ROHIT
·10,000 shr
·$179,320
Sell
·
MARKOVICH JOHN M
·150,000 shr
·$2,505,000
Exercise
·
MARKOVICH JOHN M
·150,000 shr
·$138,000
Exercise
·
MARKOVICH JOHN M
·40,758 shr
·$37,497
Sell
·
WEST STEVEN M.
·144,000 shr
·$2,603,540
Sell
·
NGUYEN DIANE
·69,270 shr
·$1,259,315
Exercise
·
NGUYEN DIANE
·79,841 shr
·$121,266
Sell
·
MARKOVICH JOHN M
·100,000 shr
·$1,800,000
Other
·
WEST STEVEN M.
·237,840 shr
Award
·
NGUYEN DIANE
·16,098 shr
Sell
·
DILULLO JOHN DAVID
·57,000 shr
·$902,802
Sell
·
NIELSEN KIRSTJEN
·71,644 shr
·$1,159,374
Sell
·
BISCAY ROGER
·106,626 shr
·$1,796,328
Sell
·
GHAI ROHIT
·43,517 shr
·$731,303
Award
·
WEST STEVEN M.
·21,696 shr
Award
·
HOLT SHARON E
·14,260 shr
Award
·
DILULLO JOHN DAVID
·14,260 shr
Award
·
BISCAY ROGER
·14,260 shr
Award
·
GHAI ROHIT
·14,260 shr
Award
·
NIELSEN KIRSTJEN
·14,260 shr
Sell
·
NGUYEN DIANE
·85,762 shr
·$1,610,054
Exercise
·
NGUYEN DIANE
·141,421 shr
·$143,825
Sell
·
BISCAY ROGER
·112,196 shr
·$1,983,707
Sell
·
WEST STEVEN M.
·311,973 shr
·$5,148,802
Exercise
·
WEST STEVEN M.
·311,973 shr
·$284,785
Sell
·
BARATZ ALAN E
·845,813 shr
·$14,378,821
Exercise
·
BARATZ ALAN E
·845,813 shr
·$769,690
Sell
·
MARKOVICH JOHN M
·400,000 shr
·$6,920,000
Exercise
·
MARKOVICH JOHN M
·502,702 shr
·$462,486
Award
·
BARATZ ALAN E
·580,117 shr
Award
·
MARKOVICH JOHN M
·430,360 shr
Award
·
NGUYEN DIANE
·101,721 shr
Sell
·
BARATZ ALAN E
·8,372 shr
·$44,120
Sell
·
MARKOVICH JOHN M
·5,582 shr
·$29,417
Sell
·
NGUYEN DIANE
·2,383 shr
·$12,558
Sell
·
PUBLIC SECTOR PENSION INVESTMENT BOARD
·19,672,558 shr
·$89,292,232
Other
·
PUBLIC SECTOR PENSION INVESTMENT BOARD
·40,057,252 shr
Sell
·
PUBLIC SECTOR PENSION INVESTMENT BOARD
·1,000,000 shr
·$6,678,200
Sell
·
PUBLIC SECTOR PENSION INVESTMENT BOARD
·18,374,059 shr
·$77,991,252
Award
·
HOLT SHARON E
·68,579 shr
Award
·
HOLT SHARON E
·61,079 shr
Award
·
DILULLO JOHN DAVID
·87,035 shr
Award
·
GHAI ROHIT
·87,035 shr
Other
·
PUBLIC SECTOR PENSION INVESTMENT BOARD
·1,000,000 shr
Award
·
WEST STEVEN M.
·106,626 shr
Award
·
BISCAY ROGER
·106,626 shr
Award
·
CAPPELLANTI-WOLF AMY LOUISE
·106,626 shr
Award
·
MICHAEL EMIL
·106,626 shr
Award
·
NIELSEN KIRSTJEN
·106,626 shr
Sell
·
MICHAEL EMIL
·111,938 shr
·$145,027
Sell
·
AMES SOPHIE C
·3,070 shr
·$65,548
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