D-Wave Quantum (QBTS) stock has surged 151.6% over the past three months, outpacing the market ahead of its Q2 2025 earnings release. With breakthrough achievements like quantum supremacy and record revenues, QBTS is positioned as a leader in the quantum computing space, aiming for profitability faster than its competitors.

D-Wave Quantum closed Q1 with record revenues of $15 million, a 509% YoY increase, narrowing its net loss to $5.4 million. With $304 million in cash and the launch of Advantage2, the company is well-positioned for scalable growth. Expectations are high for Q2 results with revenue acceleration anticipated.

Q2 estimates for D-Wave Quantum show a 30% improvement in earnings and a 15.7% increase in revenues from the year-ago period. While the company has strong growth drivers, potential downsides include sequential revenue softness and competition from industry giants like IBM and Google. Investors are advised to hold positions ahead of the Q2 release.

Read more at Nasdaq: Ahead of Q2 Earnings & Amid IBM, Google’s Quantum Push, Is QBTS a Buy?