This implied move is higher than QBTS stock’s average post-earnings move (in absolute terms) of 5.07% over the past four quarters.

Meanwhile, Wall Street expects D-Wave Quantum to report a wider loss per share of $0.09 for Q2 2026 compared to $0.08 in the prior-year quarter. Revenue is estimated to rise 30% year-over-year to $4.02 million.

Investors will look forward to further insights on recent deals, including the expanded partnership with AT&T (T), and commercialization efforts.

Benchmark Says Buy D-Wave Quantum Stock Ahead of Q2 Earnings

Recently, Benchmark analyst Gary Mobley reinstated coverage of D-Wave Quantum, Rigetti Computing (RGTI), and IonQ (IONQ) with Buy ratings, saying that he sees “the legitimacy of the technology further building on the recent momentum.” The 5-star analyst contends that the quantum computing market is not dominated by a single winner. So, until broader adoption of this technology, he believes investors may benefit from diversified exposure to quantum computing stocks.