Quarterly ResultAug 6, 2026, 07:08 AM
D-Wave Q2 Bookings Up 59% to $2.1M; Net Loss $48.0M
AI Summary
D-Wave Quantum Inc. reported its second-quarter 2026 financial results, with bookings for the quarter increasing 59% year-over-year to $2.1 million, and first-half bookings soaring 1,120% to $35.5 million. Revenue for Q2 2026 remained flat at $3.1 million, while the company posted a net loss of $48.0 million. The company also highlighted significant business and technical advancements, including being named an IDC MarketScape Leader, detailing ambitious roadmaps for both annealing and gate-model quantum computing, and securing new customer engagements.
Key Highlights
- Q2 2026 Bookings increased 59% year-over-year to $2.1 million.
- First half 2026 Bookings surged 1,120% year-over-year to $35.5 million.
- Q2 2026 Revenue was $3.1 million, essentially flat compared to Q2 2025.
- Q2 2026 Net Loss was $48.0 million, or $0.13 per share.
- Remaining Performance Obligations (RPOs) grew 668% year-over-year to $40.7 million.
- D-Wave was named a Leader in the IDC MarketScape: Worldwide Quantum Computing 2026 Vendor Assessment.
- Announced annealing quantum computing roadmap targeting 100,000 qubits by 2031.
- Unveiled gate-model quantum computing roadmap aiming for 10-logical qubit system by 2030.
Price Impact
More from QBTS