NYSEInformation TechnologyComputer HardwareSnapshot 2026-07-31
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Create your account →Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Technology Hardware, Storage & Peripherals is in supercycle. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Reduce net losses and improve EPS trajectory: metric not reported.
View ThesisRevenue is contracting — down about 42% over the past year.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 19%, softest on free-cash-flow margins.
View QualityManagement screens weak on capital allocation, earnings delivery, margins.
View ManagementExpectations look high — what the market is pricing in runs ahead of what analysts forecast.
View ValuationThis stock is highly volatile — it swings about 4% on a typical day and fell roughly 71% in its worst 12-month stretch.
View RiskQBTS's growth in the tech sector needs to continue to justify its high price. Recent financial performance has been weak, and the company is unprofitable. It trades at 531× price-to-sales, while the peer median is 4.3×. The market is pricing in more growth than the company is likely to achieve. If QBTS cuts guidance on the next call, that would be a significant negative. Peer multiples imply a price about 49% above where it trades; this read is provisional.
Trailing returns as of 2026-07-31. QBTS is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 15 analysts currently covering QBTS (as of Jul 2026).
Based on 5 Wall Street analysts offering 12-month price targets for QBTS in the last 4 months.
A consensus fair price across 1 valuation methods, at three horizons. As of 2026-08-01. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Technology Hardware, Storage & Peripherals — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Advances: Accelerate development with $100M CHIPS Act funding
Investor day highlights funding and development progress.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-07-31. EPS is implied from price ÷ P/E. Not investment advice.
Current $18.08
The last 12 months of price, then the range of analyst 12-month targets from today’s $18.08.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Bottom 25% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Advances: Accelerate development with $100M CHIPS Act funding
Roadmap and federal backing support development goals.
Advances: Accelerate development with $100M CHIPS Act funding
$100M funding directly supports development objectives.
Advances: Expand strategic partnerships
Upgrades indicate positive market sentiment and partnerships.
Threatens: Improve financial performance
Earnings miss could impact financial performance.
