D-Wave Quantum Stock Drops 3.83 Percent on Wednesday
The firm faces market volatility as investors await third-quarter earnings reports scheduled for November 10.
Updated on Oct. 29, 2026 in Quantum Computing
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D-Wave Quantum shares dropped 3.83% on Wednesday amid a sector-wide selloff in quantum computing stocks. The decline followed a market rally on Tuesday, as investors adjusted positions ahead of an upcoming Federal Reserve interest rate decision.
Why it matters
The volatility reflects a broader market caution as investors assess the commercial viability of quantum hardware firms. This cooling period arrives as D-Wave prepares for its third-quarter earnings report.
D-Wave Quantum shares finished at $11.66, currently trading 12.4% below the 20-day simple moving average. The stock remains influenced by a March death cross where the 50-day moving average fell below the 200-day trend line.
The players
D-Wave Quantum
A developer of quantum annealing hardware focused on enterprise optimization and commercial adoption.
LG CNS
An IT services subsidiary of the LG Group that develops software and system integration for mathematical optimization.
The details
The firm recently signed a non-binding memorandum of understanding in Seoul with LG CNS to pair D-Wave annealing hardware with proprietary mathematical optimization software. Annealing hardware uses specialized qubits to solve complex optimization problems by seeking the lowest energy state of a system. This approach differs from gate-based quantum computing by focusing specifically on combinatorial search tasks rather than general-purpose logic operations.
Timeline
March 2026: Technical chart showed a death cross where the 50-day SMA fell below the 200-day SMA.
Tuesday, Oct 27, 2026: The market experienced a general rally.
Wednesday, Oct 28, 2026: D-Wave Quantum shares fell 3.83%.
Nov. 10, 2026: D-Wave Quantum is scheduled to report third-quarter financial results.
The Tech Race
The stock's current price trajectory remains pressured by the bearish signal established during the March death cross. This performance reflects the broader struggle among pure-play quantum firms to sustain valuation growth ahead of proven enterprise-scale revenue.
Investors and stakeholders should monitor the upcoming November earnings report for confirmation of the revenue forecast. The recent partnership with LG CNS signals a push into Asian markets, though the agreement is currently non-binding and has not yet altered the firm's immediate financial outlook.
The takeaway
The stock currently faces resistance, trading significantly off its 52-week high of $37.62 as the firm navigates a cautious interest-rate environment. Market observers should watch the Nov. 10 earnings report to see if projected revenues of $4.33 million materialize and provide a new floor for the stock.
What happens next
D-Wave Quantum is scheduled to report its third-quarter financial results on Nov. 10, 2026, with analysts forecasting a loss of 10 cents per share and revenue of $4.33 million.
Further reading
For broader trends in the industry, explore our coverage of Quantum Computing.
Source note: This article includes information reported by Benzinga.
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