D-Wave earnings miss creates buying opportunity in QBTS shares

D-Wave Quantum Inc (NYSE: QBTS) opened in the red this morning, even after reporting better-than-expected revenue for its second financial quarter.

The quantum technology company also recorded a sharp sequential increase in cash reserves, now totaling some $820 million.

Still, investors are choosing caution as profitability remained elusive in Q2.

However, despite continued operating losses, D-Wave earnings release underscored its expanding commercial footprint and technological progress – which may be an adequate reason to load up on QBTS shares on the post-earnings decline on Thursday.

Why Q2 earnings aren’t really negative for D-Wave stock

While investors are fixating on operating losses today, the underlying figures paint a rosier picture of what the future likely holds for D-Wave stock.

A 42% year-on-year increase in revenue suggests the management is delivering on its promise of accelerated growth.

Plus, a 169% sequential growth in cash stature secures ample runway for the Burnaby-headquartered firm to continue investing in its quantum platform.

Sure, the company’s adjusted EBITDA loss increased on a year-over-year basis to $20 million – much of it was related to aggressive R&D and infrastructure spending – a necessary cost for scaling breakthrough technology.

If anything, these investments reflect a long-term strategy rather than short-term inefficiency.

Moreover, Q2 highlighted progress in partnerships and product development, reinforcing D-Wave's commitment to building a commercially viable quantum ecosystem.

For investors with a long horizon, these are signs of foundational growth that warrant sticking with QBTS shares in the second half of 2025.

Why you should buy QBTS shares on post-earnings decline

D-Wave isn’t just promising quantum potential – it’s already delivering real-world impact.

Ford Otosan, a joint venture between Ford Motor and Koç Holding, has used D-Wave’s quantum solutions to dramatically reduce scheduling time for its Transit vehicle production.

Other enterprise clients include Accenture, BASF, Lockheed Martin, Mastercard, and Pattison Food Group – a roster that validates the technology’s utility across industries.

Note that QBTS’ revenue soared more than 500% year-over-year, driven mostly by demand for its Advantage systems in the previous quarter (Q1) – and as more use cases emerge, this momentum will only accelerate.

With McKinsey projecting a $198 billion quantum computing market by 2040, early traction and expanding customer base position D-Wave shares as a frontrunner in a transformative sector.

How Jim Cramer recommends playing D-Wave shares

What’s also worth mentioning is that famed investor Jim Cramer recently voiced bullish sentiment on D-Wave stock as well, emphasizing its potential for explosive upside.

“I want you to own QBTS stock,” he said, noting that even a small headline could send the quantum computing stock soaring.

Cramer’s enthusiasm stems from the fact that D-Wave is not just speculative – it’s a functioning business with real clients and real technology.

In a market where hype often drives price action, he sees D-Wave shares as a rare case where substance meets momentum.

For retail investors looking for asymmetric upside, Cramer’s vote of confidence adds weight to the argument for buying the dip in QBTS shares today.