Overview
Quantum computing firm's Q4 revenue missed analyst expectations
Fiscal 2025 revenue grew 179% yr/yr, driven by higher margin quantum computer system sales
Company completed acquisition of Quantum Circuits, expanding technology capabilities
Outlook
D-Wave expects deployment of $20 mln system purchase by Florida Atlantic University by end of 2026
D-Wave plans to transition headquarters to Boca Raton, Florida by end of 2026
Result Drivers
BOOKINGS GROWTH - Q4 bookings surged 471% from the previous quarter, driven by major deals including a €10 million booking for a quantum computer in Italy
TECHNOLOGY ENHANCEMENT - Acquisition of Quantum Circuits expanded technological capabilities, enhancing competitive positioning
ANNEALING TECHNOLOGY ADVANCEMENTS - New solver capabilities and multicolor annealing strengthened dual-platform approach
Company press release: ID:nBw8MKHn7a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $2.75 mln | $3.77 mln (14 Analysts) |
Q4 Net Income | -$42.33 mln | ||
Q4 Gross Profit | $1.78 mln | ||
Q4 Income From Operations | -$34.84 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for D-Wave Quantum Inc is $40.00, about 103.6% above its February 25 closing price of $19.65
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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