D-Wave Quantum Shares Drop 16.6% Amid CFO Departure
D-Wave Quantum (NASDAQ: QBTS) stock fell nearly 17% in the week ending August 28, 2026, after announcing that its Chief Financial Officer, John Markovich, would retire on September 2, 2026. The company stated there were no disagreements behind his departure but noted it was unexpected and raised concerns among investors. The stock decline occurred against a backdrop of strong market performance for the S&P 500 (+1.1%) and Nasdaq Composite (+1.8%). D-Wave's poor financial results also contributed to investor unease, with its operating loss more than doubling in Q2 2026 to $54.7 million while revenue remained flat at just over $3 million year-over-year. The CFO transition comes amid a period of high uncertainty for the quantum computing firm as it continues to operate at a significant loss and faces challenges scaling its business.
