D-Wave Quantum Inc.

D-Wave Quantum Inc. reported a Q2 2026 net loss of $(48.0) million, an improvement from the prior year, while revenue remained flat at $3.1 million. However, year-to-date revenue for H1 2026 saw a significant decline of 67.2% to $5.9 million. The company completed the acquisition of Quantum Circuits, Inc. in January 2026 for approximately $535.1 million, which significantly impacted its balance sheet with increased goodwill and intangible assets, and contributed to a 53.4% decrease in cash and cash equivalents.

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.

D-Wave Quantum Inc. announced a major research breakthrough in quantum computing, published in the scientific journal Nature. The research demonstrates a fast, high-fidelity, two-qubit entangling gate for its superconducting dual-rail qubit architecture, which is crucial for advancing fault-tolerant gate-model quantum computing. This innovation significantly reduces the hardware overhead typically required for quantum error correction, with simulations indicating a 10x reduction in logical error rate per increment. The company believes this work confirms a practical and achievable path to commercial fault-tolerant quantum computing, supporting its development roadmap.

D-Wave Quantum Inc. and Nasdaq Verafin have announced a partnership to explore the use of quantum computing to enhance financial crime detection. The collaboration will start with a proof-of-concept (PoC) focused on leveraging D-Wave's quantum-hybrid technology to develop predictive systems. These systems aim to identify unusual behavioral patterns associated with fraud, scams, and money laundering by analyzing complex relationships across financial data.

D-Wave Quantum Inc. announced an expanded agreement with AT&T for the use of D-Wave's quantum computing technology. AT&T plans to leverage the technology to address complex optimization challenges across its network operations, initially focusing on integrating D-Wave's annealing quantum computing into its agentic AI solutions. An early application demonstrated a significant reduction in processing time for network optimization, from one hour to less than 15 seconds. AT&T will also evaluate D-Wave's gate-model systems for future applications in quantum security and communications.

D-Wave Quantum Inc. announced that its CEO, Dr. Alan Baratz, and management team will ring the Nasdaq Opening Bell on July 27, 2026. This event signifies the company's listing debut on Nasdaq, following a voluntary transfer of its common stock listing. The company views this move as a new chapter to accelerate commercial momentum and enter its next phase of growth, celebrating its leadership in transforming quantum computing into commercial technology.

D-Wave Quantum Inc. announced its decision to voluntarily transfer the listing of its common stock from the New York Stock Exchange (NYSE) to The Nasdaq Stock Market LLC. The company expects trading on the NYSE to conclude on July 24, 2026, with trading commencing on Nasdaq on July 27, 2026, under the existing ticker symbol "QBTS". CEO Dr. Alan Baratz stated that Nasdaq aligns with D-Wave's position as a leader in quantum computing and expects a smooth transition.

D-Wave Quantum Inc. announced it was named a Leader in the IDC MarketScape: Worldwide Quantum Computing 2026 Vendor Assessment, one of only two companies to achieve this recognition. The IDC MarketScape highlighted D-Wave's broad production deployment, mature enterprise accessibility, and efforts to extend quantum annealing into scientific simulation. The report also noted D-Wave's roadmap, which includes the planned 100,000-qubit Advantage3TM system and expansion into gate-model quantum computing with targets for 10-logical-qubit and 100-logical-qubit systems by 2030 and 2032, respectively.

D-Wave Quantum Inc. announced it has been awarded a $1,566,250 grant from the U.S. National Science Foundation (NSF) through its National Quantum Virtual Laboratory (NQVL) program. This funding will support D-Wave's participation as a key industry partner in the ERASE project, led by Yale University, which aims to develop foundational technologies for fault-tolerant quantum computing. The award underscores continued U.S. government support for D-Wave's quantum computing technologies, following a recent Letter of Intent for $100 million in CHIPS and Science Act funding.

D-Wave Quantum Inc. announced its forthcoming gate-model quantum computing simulator, which is expected to be the first designed for error-aware programming. This simulator, built on D-Wave's dual-rail technology, will provide developers with visibility into errors and real-time control, enabling them to design more resilient quantum applications and prototype error-correction routines. Access to the simulator, offered through new quantum development bundles (Starter and Premium packages), is scheduled to begin in September 2026.