D-Wave Quantum (QBTS) News Today

D-Wave Quantum Inc. (NASDAQ: QBTS) is rebounding after an initial post-earnings selloff, as investors weigh disappointing quarterly financial results against sharply stronger bookings, commercial adoption and progress toward fault-tolerant quantum computing.

• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and set a $43 price target, implying substantial upside from recent trading levels. Benzinga analyst note
• Positive Sentiment: D-Wave reported a roughly 1,100% increase in first-half bookings, with a $40.7 million backlog and a larger contribution from commercial customers. The bookings growth suggests demand may convert into revenue later in the year. D-Wave bookings article
• Positive Sentiment: A Nature-published research paper demonstrated a high-fidelity two-qubit gate, strengthening D-Wave’s staged roadmap for gate-model and fault-tolerant quantum computing. This could improve the company’s long-term technology positioning. D-Wave hardware breakthrough
• Neutral Sentiment: Management emphasized expanding production use of its annealing systems while developing gate-model technology. However, revenue is expected to be heavily weighted toward the fourth quarter of 2026, leaving execution and timing important catalysts. QBTS earnings call summary
• Negative Sentiment: Second-quarter revenue was $3.08 million, below expectations of approximately $4.03 million, while the $0.10-per-share loss exceeded the expected $0.08 loss. Revenue was essentially flat year over year, and the company remains deeply unprofitable. QBTS Q2 earnings miss