D-Wave Quantum (QBTS) vs Super Micro Computer (SMCI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Super Micro Computer (SMCI) has outperformed D-Wave Quantum (QBTS) over the past year, losing 27.1% versus a loss of 57.4%. Over five years, SMCI leads with a +1106.8% price change compared with +48.8% for QBTS. Super Micro Computer is the larger company by market cap ($27.25 billion vs $5.45 billion), about 5.0 times the size, while D-Wave Quantum is growing revenue faster (+178.5% vs +77.8%).
Super Micro Computer converts more of its revenue into profit, with a net margin of 5.7% versus -1444.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | QBTS | SMCI |
|---|---|---|
| Share price | $14.36 | $41.48 |
| Market cap | $5.45B | $27.25B |
| 1-day change | -1.65% | -3.02% |
| YTD return | -44.17% | +46.12% |
| 1-year return | -57.37% | -27.11% |
| 5-year return | +48.83% | +1106.83% |
| P/E ratio (TTM) | — | 12.72 |
| Forward P/E | — | 7.79 |
| EPS (TTM) | $-0.69 | $3.26 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $24.59M | $39.06B |
| Revenue growth (YoY) | +178.54% | +77.79% |
| Net income (latest FY) | $-355.06M | $2.23B |
| Gross margin | 82.59% | 10.82% |
| Operating margin | -408.22% | 7.09% |
| Net margin | -1444.10% | 5.71% |
| 52-week high | $46.75 | $58.51 |
| 52-week low | $12.75 | $19.48 |
| Distance from 52-week high | -69.28% | -29.11% |
| Analyst consensus | strong_buy | hold |
| Avg. price target upside | +141.30% | +0.94% |
| Average volume | 16.69M | 44.44M |
| Shares outstanding | 376.45M | 656.97M |
| Employees | 382 | 7,000 |
| Sector | Technology | Technology |
| Industry | EDP Services | Computer Manufacturing |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Super Micro Computer is about 5.0 times larger than D-Wave Quantum by market value ($27.25B vs $5.45B).
- SMCI has outperformed QBTS by 30.3 percentage points over the past year.
- Super Micro Computer is more profitable, keeping 5.7 cents of every revenue dollar as net income versus -1444.1 cents for D-Wave Quantum.
- D-Wave Quantum grew revenue faster in its latest fiscal year (+178.54% vs +77.79%).
About D-Wave Quantum
QBTS stock →D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide.
Technology · EDP Services · 382 employees
About Super Micro Computer
SMCI stock →Super Micro Computer, Inc., together with its subsidiaries, develops and sells server and storage solutions based on modular and open-standard architecture in the United States, Asia, Europe, and internationally. The company offers liquid and air-cooled AI servers for training and inferencing with integrated graphics processing units (GPUs) or PCIe based architectures; SuperBlade, MicroBlade, FlexTwin, GrandTwin, and BigTwin blade and multi-node systems; SuperStorage systems; Hyper, CloudDC, and WIO and rackmount systems; embedded (5G/IoT/Edge) systems; and MicroCloud server systems.
Technology · Computer Manufacturing · 7,000 employees
QBTS vs SMCI FAQ
Which is bigger, D-Wave Quantum or Super Micro Computer?
Super Micro Computer (SMCI) is larger, with a market capitalization of $27.25B compared with $5.45B for D-Wave Quantum (QBTS).
Which stock has performed better over the past year, QBTS or SMCI?
SMCI returned -27.11% over the past 12 months, compared with -57.37% for QBTS (price return, excluding dividends). Past performance does not predict future results.
Are D-Wave Quantum and Super Micro Computer in the same industry?
Both are in the Technology sector, but in different industries: EDP Services for D-Wave Quantum and Computer Manufacturing for Super Micro Computer.