Key Highlights

  • On Tuesday, November 10, 2026, D-Wave Quantum (NYSE:QBTS) is scheduled to release third-quarter numbers ahead of the opening bell, with its webcast starting at 8:00 a.m. ET; Rigetti Computing (NASDAQ:RGTI) follows after the close, hosting a call at 5:00 p.m. ET.
  • Forecasts for D-Wave center on a per-share loss near USD 0.10 and Revenue around USD 4.37 million, against USD 3.74 million twelve months earlier.
  • D-Wave finished Friday at USD 10.68 following an 18.01% one-day gain, though it is still close to 60% lower year to date; Rigetti is down roughly 49.4% over the same span.
  • Quantum shares had a rough run during last week's tech selloff and then bounced along with the market on November 9, which sets up both releases.

D-Wave's Bookings and System Sales Take Center Stage

Bookings and system sales outrank the quarterly Top Line as the metrics to track at D-Wave Quantum (NYSE:QBTS). Second-quarter revenue came in at USD 3.1 million with an adjusted EBITDA shortfall of USD 37.1 million, but bookings in the first half jumped 1,120% to USD 35.5 million, and remaining performance obligations surged 668% to USD 40.7 million. Revenue from Quantum Computing as a service advanced 50% to USD 1.9 million. Leadership has indicated a slight third-quarter revenue increase and a much larger fourth quarter, with a pair of annealing system deals scheduled for 2026, each in the USD 20 million to USD 40 million range, supporting that view. Developments since then include Italy's first annealing system being delivered on October 15 under a deal valued near 10 million euros, plus an LG CNS memorandum of understanding dated October 28, and an upgrade to the Stride solver on November 4. Investors want assurance that system revenue remains on schedule.

Rigetti's Order Pipeline and Fidelity Targets

Rigetti shareholders are likely to zero in on technical progress and contract timing. A C-DAC order from India for a Novera unit, worth around USD 8.4 million, should be recognized in the fourth quarter once acceptance testing is complete, while a hybrid machine destined for a US research collaboration arrives in 2027. On the engineering front, Rigetti aims for median two-qubit gate fidelity near 99.5% on its 108-qubit Cepheus-1 device by year-end 2026, improved from roughly 99.1% during the second quarter, and the longer horizon is around 1,000 qubits. Government funding, including a USD 100 million commerce department initiative, will also get attention. Rigetti's sales base is still small, so order-pipeline commentary will outweigh reported figures.

Volatility, Dilution and Guidance Risks

Quantum equities rank among the most erratic names in the market, and either report could spark sizable moves in both directions. D-Wave Quantum (NYSE:QBTS) and its peers still lose money, with valuations resting on commercial adoption that has yet to be secured. Many have sold large amounts of stock into rallies, and more issuance could dilute current holders. A bookings miss or delayed system deliveries could weigh on sentiment, while confirmation of big orders could extend the bounce. Watchers should track when D-Wave's system sales land and how fast cash is consumed, along with Rigetti's fidelity advances and order recognition, plus how both describe government and commercial demand. Fourth-quarter outlooks and 2027 commentary may count for more than the third-quarter figures.

Where Things Stand

D-Wave publishes third-quarter figures before the market opens on November 10, 2026, while Rigetti reports after the close, and both shares sit well under their yearly peaks. For D-Wave, bookings, system sales and cash burn carry the most weight, while technical milestones and order timing drive attention at Rigetti. The releases should set the mood for quantum shares after a choppy fortnight.