D-Wave Quantum (QBTS) Stock: Rises 20% on CES 2026 Announcement

TLDR

• D-Wave Quantum stock rallied 20% Monday after revealing CES 2026 presentation plans
• Company will demonstrate quantum computers and hybrid solvers at January’s major tech showcase
• Broader quantum sector gained with Rigetti up 13% and IonQ up 11%
• D-Wave has surged 230% in 2025 despite remaining unprofitable with $24 million annual revenue
• Wall Street analysts set $40 price target implying 24% upside potential

D-Wave Quantum shares jumped more than 20% Monday after the company announced plans to showcase its quantum computing platform at CES 2026. The event scheduled for January represents a major marketing opportunity for the emerging technology sector.

D-Wave Quantum Inc., QBTS

The stock’s gains reflect investor enthusiasm about D-Wave’s growing commercial presence. CES draws a global audience and provides exposure to potential enterprise customers.

D-Wave will present its annealing quantum computers and hybrid quantum-classical solvers at the event. The company also plans to feature real-world customer applications during the showcase.

Murray Thom, vice president of quantum technology evangelism, will conduct a masterclass at CES. His presentation will focus on solving optimization challenges in manufacturing, supply chain, materials science, and telecommunications.

Thom will also explore connections between quantum computing, artificial intelligence, and blockchain. This convergence has attracted investor interest throughout 2025.

Quantum Computing Sector Posts Broad Gains

The quantum computing industry experienced widespread gains during Monday’s trading. Rigetti Computing climbed 13% while IonQ advanced 11%.

These moves indicate increasing confidence that quantum technology is moving toward commercial viability. The sector has benefited from new partnerships and growing enterprise interest.

D-Wave has delivered strong stock performance in 2025. Shares have climbed approximately 230% year-to-date.

The company reported 100% revenue growth in the third quarter compared to the previous year. CEO Dr. Alan Baratz highlighted increasing global attention on D-Wave’s commercial quantum computing efforts.

D-Wave pointed to improvements in gross profit, bookings, and cash position as proof of progress. However, the company generates only about $24 million in annual revenue.

Valuation and Profitability Timeline

D-Wave carries a market valuation of $9.6 billion. This creates a price-to-sales ratio of 400x based on current revenue.

The company has not achieved profitability. Wall Street analysts don’t expect D-Wave to post positive earnings before 2030.

Reaching profitability requires D-Wave to scale revenue beyond $590 million annually according to analyst estimates. That represents a substantial increase from present levels.

Despite valuation concerns, analysts maintain bullish ratings. The stock holds a Strong Buy consensus with 13 Buy recommendations issued in the past three months.

The average analyst price target sits at $40 per share. This implies 24% upside from recent trading levels.

Increased investment from technology companies and government entities has supported the quantum computing sector. These funding commitments have bolstered optimism heading into 2026.

D-Wave’s CES 2026 participation adds visibility during a year of strong momentum. The January showcase will test whether mainstream audiences respond to quantum computing demonstrations.

The company continues trading as a momentum-driven stock with high growth expectations but distant profitability targets.

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