D-Wave Quantum Inc. (QBTS) experienced a significant pre-market surge of 5.20% on Tuesday, as traders positioned themselves ahead of the company's upcoming financial results.

The movement appears driven by heightened speculative activity before the release of Q1 fiscal 2026 earnings, scheduled for before the market open. Despite market consensus expecting a sharp year-over-year revenue decline, a majority of Wall Street analysts maintain "Buy" ratings on the stock with substantial upside price targets, creating a notable bull-bear divergence.

Additional support for the pre-market rebound came from broader strength in the quantum computing sector and the market's focus on whether D-Wave's record order backlog can translate into future revenue growth, following recent sessions of volatile trading.