Key Takeaways QBTS has fallen about 23% YTD as markets rotate away from speculative growth amid higher-for-longer rates.D-Wave revenues were $21.8M in the first nine months of 2025 with 80% gross margins & 100 paying customers.QBTS ended Q3 with over $800M in cash to scale QCaaS & advance Advantage platforms amid tough macro scenario.D-Wave Quantum’s (QBTS) roughly 23% decline so far in 2026, underperforming the broader markets and key benchmarks, shows how investors are differentiating between early-stage, ...

Quantum computers could represent the next leap forward for the tech sector. Unlike classical computers, which still store data as binary bits of zeros and ones, quantum computers can store those zeros and ones simultaneously in a quantum state as qubits. That difference enables quantum computers to crunch more data and perform specific tasks much faster than their classical counterparts, but they're also bigger, pricier, and less power-efficient. However, Fortune Business Insights expects the quantum co ...

Core Insights - D-Wave Quantum's stock has experienced an 18.8% decline since the beginning of the year, but has surged over 150% since the start of 2025, indicating potential volatility and investment opportunities [1]. Group 1: Company Overview - D-Wave's quantum systems utilize quantum annealing, which differs from the gate-model quantum computing used by competitors like Rigetti Computing and IonQ. This approach allows D-Wave to excel in solving specific types of problems, such as optimizing data configurations [2][3]. - Quantum annealing, while not as accurate as gate-model quantum computing or classical computing, can provide faster and more cost-effective near-optimal solutions for certain problems, presenting a competitive edge for D-Wave in a less crowded niche [4]. Group 2: Recent Developments - D-Wave has completed the acquisition of Quantum Circuits, positioning itself as the "world's first and only dual-platform quantum computing company." This strategic move aims to address a broader range of complex computational problems, although its long-term impact remains uncertain [5].

While the AI-driven rally in technology stocks has created immense wealth, there is an underlying concern about valuations. As Microsoft (MSFT) reported Q2 earnings, the stock fell by almost 12% on concerns related to high capital expenditures and Azure’s revenue growth being just above expectations. This triggered a broader selloff in the technology sector, with quantum computing stocks being among the victims. However, for investors focused on long-term fundamentals, the correction seems like a good bu ...

Key Takeaways IONQ fell 10.9% in January as quantum stocks slid amid tech jitters and risk-off sentiment.IonQ's $1.8B SkyWater deal lifts sentiment, boosting vertical integration and defense exposure.D-Wave's $30M contracts and Advantage2 adoption helped stabilize shares after January losses.In January 2026, the quantum computing sector resumed one of its familiar rhythms — volatility. Pure-play names like IonQ (IONQ) , Rigetti Computing (RGTI) and D-Wave Quantum (QBTS) , which captured investor imagination ...

D-Wave quantum computer hardware in a lab setting, underscoring quantum computing growth and QBTS stock momentum. Key Points D-Wave announced two major contracts worth a combined $30 million in late January, shortly after revealing shelf registrations totaling $330 million. The company's revenue doubled year over year in the last reported quarter, but it remains very low in absolute terms. One of the contracts, in particular, is for quantum-computing-as-a-service tools and could lead to recurring reven ...

Core Insights - D-Wave Quantum Inc. (NYSE:QBTS) has achieved significant milestones in national defense and academic partnerships, showcasing its advancements in quantum computing technology [2][3]. Group 1: Defense and Enterprise Milestones - D-Wave Quantum, in collaboration with Anduril Industries and Davidson Technologies, tested its Stride hybrid solver, achieving at least 10x faster time-to-solution for U.S. air and missile defense scenarios, improving threat mitigation by 9-12% and enabling interception of an additional 45-60 missiles in a 500-missile simulation [3]. - The company aims to expand its applications into logistics, cyber defense, and distributed manufacturing through these partnerships [3]. Group 2: Academic and Commercial Agreements - D-Wave Quantum has entered into a $20 million agreement with Florida Atlantic University (FAU) for the installation of an Advantage2 annealing quantum system, positioning FAU as a leader in quantum research and education in Florida [4]. - Additionally, the company secured a $10 million, two-year Quantum Computing as a Service (QCaaS) contract with a Fortune 100 enterprise, indicating a growing commercial adoption of its quantum annealing technology [5].

Many investors are excited about the prospects of quantum computing. The technology is touted as having the potential to lead to new drug discoveries, improved artificial intelligence (AI) models, advancements in materials science, and more. And one company that has benefited immensely from the surge in quantum computing interest is D-Wave Quantum (NYSE: QBTS). Its share price is up by about 1,600% over the past three years. But as impressive as that stock surge has been, as of the close of trading Frida ...

Industry Overview - Quantum computing is emerging as a potential tech megatrend, with optimistic projections suggesting it could start delivering significant advancements within the next five years [1] - The technology utilizes qubits, which can exist in superposition, allowing for complex calculations that conventional computers cannot perform efficiently [2] Company Insights - D-Wave Quantum is a publicly traded company specializing in quantum computing, currently facing competition from larger firms like IBM and Alphabet [2][7] - D-Wave is focusing on quantum annealing technology, which aims to find near-optimal solutions for complex problems, making it suitable for logistics, manufacturing, machine learning, and finance [8] Market Potential - Potential applications for quantum computing include pharmaceutical drug discovery, materials science, logistics, and cybersecurity, with more applications likely to emerge as the technology matures [3] - D-Wave has made early sales of its quantum annealing devices, including a $20 million contract with Florida Atlantic University for an Advantage2 quantum annealing computer [9] Financial Performance - D-Wave's revenue surged 100% year over year in the third quarter, reaching $3.7 million, although this is small relative to its market cap of $7.9 billion [10] - The company's shares are trading at a high price-to-sales ratio of 286, compared to the S&P 500's average of 3.5, indicating a speculative valuation [10]

D-Wave Quantum Inc. (NYSE:QBTS) is one of the 12 tech stocks with the biggest upside potential. Following a series of new agreements announced by the company, Wedbush raised its price target for D-Wave Quantum Inc. (NYSE:QBTS) from $35 to $40 while maintaining a Buy rating on January 28. Wedbush analyst Dan Ives was optimistic about the company’s announcement of a $10 million, two-year enterprise Quantum Computing as a Service (QCaaS) agreement with a leading Fortune 100 company. The firm views this deal a ...