D-Wave Quantum Florida Shift And Tech Progress Against Depressed Valuation

Simply Wall St
  • D-Wave Quantum (NYSE:QBTS) has relocated its headquarters to Florida and expanded its U.S. R&D operations.
  • The company has deepened regional ties through a new collaboration with Florida Atlantic University.
  • D-Wave introduced new hybrid solver capabilities and moved faster on gate-model quantum development.
  • A recent defense technology collaboration highlighted material real-world use cases for its systems.

D-Wave Quantum, listed on the NYSE under ticker QBTS, focuses on quantum computing solutions that target real-world optimization and related problems. The latest moves in Florida, including the headquarters shift and larger research presence, give a clearer view of how the company is positioning its operations and talent footprint. Coupled with closer ties to Florida Atlantic University, this cluster in one region may matter for access to researchers, partners, and potential customers.

On the product side, new hybrid solver features and quicker work on gate-model quantum systems, along with the defense collaboration, point to ongoing product refinement and customer engagement. For investors watching the quantum space, this combination of geographic relocation, academic partnership, and applied defense work helps frame where D-Wave is focusing its energy and which types of use cases it is pursuing.

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NYSE:QBTS Earnings & Revenue Growth as at Feb 2026

How D-Wave Quantum stacks up against its biggest competitors

Quick Assessment

  • ✅ Price vs Analyst Target: At US$20.97 versus a US$39.17 analyst target, the price sits roughly 46% below consensus.
  • ✅ Simply Wall St Valuation: Simply Wall St flags the shares as trading about 64.3% below its fair value estimate.
  • ❌ Recent Momentum: The 30 day return of roughly 25% decline shows weak short term momentum.

Check out Simply Wall St's in depth valuation analysis for D-Wave Quantum.

Key Considerations

  • 📊 The Florida relocation, expanded R&D, university partnership and defense collaboration all point to a heavier focus on practical, U.S. centric use cases for its quantum systems.
  • 📊 Watch how these projects translate into revenue relative to the current US$20.97 price, analyst targets and any future updates on customer adoption tied to the new hybrid and gate model advances.
  • ⚠️ The company remains loss making with a recent 30 day share price decline and a history of shareholder dilution and volatility, which can matter if funding needs stay high.

Dig Deeper

For the full picture including more risks and rewards, check out the complete D-Wave Quantum analysis.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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