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D-Wave Quantum's Q2 earnings miss leads to price target cut but signals 75% upside potential.

Company Fundamentals
06 Aug 2026
Gordon Thompson
View Source
Bearish
pluang ai news

D-Wave Quantum reported Q2 revenue of $3.08 million, missing estimates of $4.08 million, and posted a wider adjusted loss per share of $0.13. The company's operating loss increased to $53.30 million due to investments in product development and commercial expansion. Following the earnings miss, Canaccord Genuity lowered the price target to $35, suggesting a 75.35% upside from the current stock price of $19.96. Despite the miss, the analyst sees significant growth potential for the quantum computing firm.

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