D-Wave Quantum (QBTS) has had many positive developments so far in 2026, and heading into Q4 earnings, any positive technological or financial advancements will be viewed constructively by the market, Wedbush Securities said in a Monday note.

The firm said it expects an update on the potential synergies and the company's gate-model roadmap and timeline following the recent acquisition of Quantum Circuits.

Wedbush said it also expects further commentary on the recently announced $10 million, 2-year quantum computing as a service agreement and an interim update on the progress of its Advantage 3 annealing system prototype.

The firm said it believes technological progress will take precedence over financial performance in the short-term for D-Wave. New customer announcements and artificial intelligence momentum will remain the primary drivers of share performance in the near-term, according to the report.

The company is scheduled to report Q4 results on Thursday.

Wedbush maintained an outperform rating on D-Wave with a $40 price target.

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