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2026-07-17 21:33 8d ago
2026-07-17 16:00 8d ago
D-Wave Quantum v červenci klesl o 29,4 %
QBTS D-Wave Quantum
FMP Stock News 78
Original source text
Key Takeaways D-Wave Quantum has fallen 29.4% in July amid profit-taking, valuation concerns and macro headwinds.QBTS plans a Nasdaq listing transfer and expanded quantum research with an NSF-backed subsidiary grant.QBTS faces weak technical signals as investors await second-quarter earnings and further execution updates. The sharp pullback in D-Wave Quantum (QBTS - Free Report) this month has shifted investor attention from the quantum computing sector's long-term promise to its near-term execution risks. After delivering substantial gains earlier this year, the stock has fallen 29.4% month to date, underperforming the Computer and Technology sector's 1.4% decline and the S&P 500's 1.2% gain.

The weakness reflects a combination of profit-taking after the stock's outsized gains earlier this year, valuation concerns across high-growth quantum names and a macroeconomic backdrop marked by elevated U.S. Treasury yields and expectations that the Federal Reserve will keep interest rates higher for longer. These conditions have weighed disproportionately on speculative technology stocks despite continued enthusiasm for artificial intelligence and quantum computing.

During the same period, QBTS' pure-play quantum computing peers, IonQ (IONQ - Free Report) and Rigetti Computing (RGTI - Free Report) , also witnessed sharp share price declines of 34.1% and 27%, respectively.

Month-to-Date Share Price Comparison
Image Source: Zacks Investment Research

Will July Catalysts Change QBTS' Trajectory?D-Wave Quantum will report its second-quarter earnings in early August. While the stock has remained under pressure amid a broader selloff of speculative growth companies, the company's strategic execution continues to advance. Most notably, D-Wave announced plans to transfer its listing from the NYSE to the Nasdaq later this month, a move expected to enhance its visibility among technology-focused investors and potentially broaden its shareholder base. The company also disclosed that its Quantum Circuits subsidiary received a U.S. National Science Foundation grant to support research in fault-tolerant quantum computing, further strengthening D-Wave's expansion beyond quantum annealing into gate-model quantum systems.

The broader industry backdrop also remains constructive. NVIDIA (NVDA - Free Report) recently introduced an open-source AI decoder that significantly improves quantum error-correction performance, while IBM reaffirmed plans to invest more than $10 billion in quantum technologies over the coming years. Meanwhile, governments across the United States and Europe continue to expand funding for quantum research and commercialization. These developments strengthen the long-term growth opportunity for the sector, although they are yet to offset near-term concerns surrounding elevated valuations, higher Treasury yields and a "higher-for-longer" interest-rate environment that continues to put pressure on pre-profit technology companies.

What Do the Estimates Say?The earnings estimate chart indicates that D-Wave is expected to report a second-quarter loss of 8 cents per share, representing an 85.5% improvement from the year-ago quarter. For full-year 2026, the consensus estimate calls for a loss of 25 cents per share, reflecting a 77.5% improvement from 2025. Despite the broader market selloff, the absence of estimate revisions suggests that analysts have adopted a wait-and-see stance ahead of the company's second-quarter earnings release.

Image Source: Zacks Investment Research

Technical Pressure RemainsThe technical picture remains weak. As the chart shows, QBTS is trading well below both its 50-day SMA and 200-day SMA, indicating sustained bearish momentum. While the sharp correction reflects deteriorating near-term sentiment, upcoming catalysts, including the Nasdaq listing transition and second-quarter earnings, could determine whether the stock stabilizes or extends its decline.

QBTS 50-&-200-Day SMAs
Image Source: Zacks Investment Research

Our TakeDespite near-term macro headwinds and a weak technical setup, D-Wave's strengthening fundamentals and strategic execution support a constructive long-term outlook. The planned Nasdaq listing, continued expansion into gate-model quantum computing and strong earnings expectations position the company favorably ahead of its second-quarter results. Consistent with its Zacks Rank #2 (Buy), we believe the recent pullback offers a buying opportunity for investors willing to look beyond near-term volatility, while recognizing that technical weakness may persist until fresh business catalysts emerge. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
2026-07-16 19:08 9d ago
2026-07-16 12:46 9d ago
D-Wave zvyšuje výhled na systémové zakázky
QBTS D-Wave Quantum
FMP Stock News 78
Original source text
Key Takeaways D-Wave raised its outlook to 2-3 system deals annually, with at least 2 deliveries expected this year.QBTS posted $33.4M Q1 bookings as its sales pipeline and average potential deal size more than doubled.QBTS expects multiyear service, maintenance and cloud contracts to add recurring revenue after system sales. D-Wave Quantum (QBTS - Free Report) , or D-Wave, continues to see growing interest in its Advantage2 annealing quantum computer system. During the May 2026 earnings call, management raised its annual outlook for system sales, now expecting to close 2 or 3 system deals per year, with at least 2 system deliveries anticipated this year.

The stronger outlook comes on the back of record first-quarter bookings of $33.4 million, up 1,994% from the year-ago quarter and 149% from the fourth quarter of 2025. More than two dozen commercial customers accounted for more than 31% of quarterly bookings, while educational and research organizations made up the rest.

The largest transaction was the $20 million annealing quantum computer system sale to Florida Atlantic University in January, which D-Wave views as an important collaboration to further quantum computing experimentation and innovation. During the first quarter of 2026, the dollar value of the company’s sales opportunity pipeline more than doubled from the end of the fourth quarter of 2025, while the average potential deal size also more than doubled over the same period.

Management noted that system sales typically involve multiple stages, such as site preparation, delivery, installation and calibration, before customers begin using the systems. While a significant portion of revenues is recognized when a system is delivered, additional revenues are recognized over time as installation and calibration activities progress.

D-Wave also expects most system transactions to include multiyear revenue components, such as service and maintenance contracts, as well as access to its cloud service. These recurring streams expected to complement revenue generated from the initial system sales.

QBTS’ Peer UpdatesAstera Labs (ALAB - Free Report) has announced a significant expansion of its Taiwan operations and Cloud-Scale Interop Lab. This deepens ALAB’s engineering and operational footprint, and strategic coordination with customers and ecosystem partners in one of the world’s most important semiconductor ecosystems. In collaboration with several AI platform providers, Astera Labs will strengthen the validation and system integration work required to bring purpose-built AI infrastructure to market faster.

Arista Networks (ANET - Free Report) has announced a new portfolio of 1.6T networking platforms designed specifically as the foundation for rack-scale AI infrastructure. The 7060XE7 Series represents Arista’s transition from providing high-performance switches to delivering comprehensive rack-scale systems. By addressing the extreme density, power and thermal efficiency requirements of the AI era, these platforms of ANET enable customers to build scale-up and scale-out AI fabrics optimized for air, liquid and hybrid-cooled environments, maximizing compute density per kilowatt of power.

QBTS’ Price Performance, Valuation & EarningsYear to date, QBTS shares have declined 30.1% compared with the industry’s 4.5% fall.

Image Source: Zacks Investment Research

D-Wave is trading at a forward, five-year Price/Sales (P/S) of 103.29X, significantly higher than its 16.25X median and the industry average of 4.06X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for D-Wave’s 2026 and 2027 loss per share has remained constant in the past 60 days.

Image Source: Zacks Investment Research

D-Wave currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
2026-07-10 21:35 15d ago
2026-07-10 15:11 15d ago
QBTS hlásí rekordní růst bookings a rozšiřuje nabídku
QBTS D-Wave Quantum
FMP Stock News 78
Original source text
Key Takeaways QBTS bookings jumped 1,994% year over year as commercial momentum continued into first-quarter 2026. QBTS is expanding beyond annealing with a gate-model roadmap after the Quantum Circuits acquisition. QBTS revenues can fluctuate as larger contracts depend on customer deployment schedules and milestones. D-Wave Quantum’s (QBTS - Free Report) shares have surged 42.9% over the past year, showing impressive momentum. It has significantly outperformed the industry’s 14.2% decline and the S&P 500 composite’s 23.1% gain.  

With healthy fundamentals and strong growth opportunities, this Zacks Rank #3 (Hold) company appears to be a solid wealth creator for its investors at the moment.

D-Wave Quantum develops and delivers quantum computing systems, software, and services for commercial customers. Core use cases focus on optimization-workforce and production scheduling, vehicle routing and resource allocation, with expanding applications in AI and research. The current sixth-generation annealing system is Advantage2. Revenues come from three primary sources — cloud-based quantum computing as a service (QCaaS), professional services that help customers deploy solutions and on-premises system sales. 

Key Catalysts for QBTS’ GrowthD-Wave Quantum’s share price is trending upward, prompted by its commercial momentum carried into the first quarter of 2026. Bookings were up 1,994% from the year-ago period. Over two dozen commercial customers represented over 31% of bookings, while the largest order was the $20 million Florida Atlantic University system sale. Remaining performance obligations were $42.4 million as of March 31, 2026, with about 54% expected to convert to revenues in the next 12 months and 71% in the next two years. 

Investors are also focused on the company’s annealing platforms - Advantage2 and the Leap cloud service. The company is extending its product set into gate-model computing following the Quantum Circuits acquisition in January 2026. It highlighted dual-rail qubits with built-in error detection and on-chip cryogenic control as key elements of its gate-model approach. It is targeting roughly 175 physical qubits by the end of 2028 to demonstrate error correction and logical operations, then 10 logical qubits by 2030 and 100 logical qubits by the end of 2032. Alongside this long-dated gate-model roadmap, D-Wave continues to add commercial annealing applications in production and expand research use cases, including work in quantum AI and blockchain benchmarking.

From solvency view point, cash and cash equivalents totaled $338.2 million and marketable investment securities amounted to $250.2 million. Operating cash outflow was $45 million in the first quarter, while investing cash outflow included $250.8 million of cash consideration for the Quantum Circuits acquisition. Even after that step-down, the balance sheet supports continued investment in R&D, sales coverage and system installations. Leap cloud utilization was below 50% entering 2026, which leaves capacity headroom, and additional annealing systems can be installed within months at modest cost.

Factors That May Offset QBTS’ GainsD-Wave’s revenue mix still depends on the timing of larger contracts and system deliveries. First-quarter 2026 revenues fell to $2.9 million from $15.0 million in the first quarter of 2025 because the prior-year quarter included $12.6 million from the first system sale, with no comparable system revenues recognized in the current period. 

Image Source: Zacks Investment Research

While deferred revenues increased to $11.6 million and remaining performance obligations rose to $42.4 million, conversion depends on customer deployment schedules and contract milestones. This setup can drive quarter-to-quarter volatility and delay reported revenues even when bookings are rising.

A Glance at QBTS’ EstimatesIn the past 30 days, the Zacks Consensus Estimate for 2026 loss per share EPS has remained unchanged at 25 cents. 

Revenues are projected to grow 63.3% to $40.16 million in 2026, while the same for 2027 is expected to reach $91.76 million (up 128.5%).  

Key PickSome better-ranked stocks in the broader internet space are Atlassian (TEAM - Free Report) , BILL Holdings, Inc. (BILL - Free Report) and Compass (COMP - Free Report) .

Atlassian has an earnings yield of 7.1%, well ahead of the industry’s 4.5% yield. Its earnings surpassed estimates in each of the trailing four quarters, the average surprise being 21.5%. The company’s shares have rallied 43.8% against the industry’s 4.8% decline over the past year.

TEAM carries a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

BILL Holdings, carrying a Zacks Rank #1 at present, has an earnings yield of 8.4% compared to the industry’s negative 4.5% yield. Shares of the company have gained 22.8% compared with the industry’s 4.5% growth. BILL’s earnings topped estimates in each of the trailing four quarters, the average surprise being 21.7%.

Compass, carrying a Zacks Rank #1 at present, has an earnings yield of 0.8% compared with the industry’s 4.5% yield. Shares of the company have climbed 43.1% against the industry’s 27.9% decline. COMP’s earnings beat estimates in two of the trailing four quarters, missed in one and matched in the other, the average surprise being 37.8%.
2026-07-10 19:11 15d ago
2026-07-10 13:41 15d ago
D-Wave mezi lídry IDC, Advantage2 vzrostl o 314 %
QBTS D-Wave Quantum
FMP Stock News 72
Original source text
Key Takeaways D-Wave was named a Leader in the IDC MarketScape Worldwide Quantum Computing 2026 Vendor Assessment.QBTS reported 200M submitted problems, with Advantage2 usage up 314% year over year.D-Wave's roadmap targets 10 logical qubits by 2030 and 100 logical qubits by 2032. D-Wave Quantum (QBTS - Free Report) , or D-Wave, has been recognized as a Leader in the IDC MarketScape: Worldwide Quantum Computing 2026 Vendor Assessment. The evaluation assessed vendors based on both their existing capabilities and future strategies. According to the company, the recognition comes as organizations increasingly seek practical quantum solutions that can be integrated into existing enterprise and high-performance computing environments.

The report highlighted several of D-Wave’s strengths, such as its broad production deployment footprint, spanning operational manufacturing, telecommunications, retail, logistics, defense, and research computing workflows. D-Wave submitted more than 200 million problems to its systems. The usage of its Advantage2 system grew 314% year over year, while the Stride hybrid solver usage expanded 114% over the six months as of early 2026.

IDC also highlighted that the company’s enterprise accessibility and hybrid adoption framework, including the Leap cloud platform, Ocean SDK, the Stride hybrid solver and the Leap Quantum LaunchPad onboarding program. These tools help organizations to apply quantum-assisted optimization to problems involving up to 2 million variables without requiring dedicated quantum programming expertise. Beyond optimization, IDC recognized D-Wave’s active effort to extend quantum annealing into scientific computing domains relevant to materials science, electronics, medical imaging, and physical systems modeling.

Another highlight was D-Wave’s roadmap, which includes both continued scaling of quantum annealing systems and expansion into gate-model quantum computing. Key roadmap milestones for the gate-model program include the completion of a 10-logical-qubit system by 2030, which can support the first fault-tolerant algorithms, and completion of a 100-logical-qubit system by 2032, which can support initial quantum chemistry and quantum AI applications.

IDC noted that D-Wave’s dual-platform strategy broadens its long-term opportunity to address a wider range of enterprise workloads as the market evolves.

Key Developments Among QBTS PeersQualcomm Inc. (QCOM - Free Report) recently announced a strategic multi-generation collaboration with Meta to be a supplier for data center CPUs for the latter. Qualcomm Technologies’ data center CPU, the Qualcomm DragonflyC1000, is planned to power Meta’s next-generation server fleet, highlighting the growing importance of high-performance, power-efficient compute in large-scale, scale-out environments. The company’s solutions will be in production starting in the second half of 2028 for future data center capacity expansions.

Intel (INTC - Free Report) has unveiled innovations at Computex 2026 that address customers’ chip-to-systems-level AI needs with solutions tailored to address their specific industry challenges. The company announced rackscale AI infrastructure for customers interested in scaling their inference and agentic workloads based on Intel Xeon processors and SambaNova SN-50 Reconfigurable Dataflow Units. Intel also announced strategic collaborations with Foxconn, Siemens, Hitachi, Echo Neurotechnologies and Greenstone Biosciences to deliver integrated vertical customer solutions based on Intel processors and purpose-built silicon.

The Zacks Rundown for QBTS StockOver the past 12 months, QBTS shares have risen 32.1% against the industry’s 15.6% decline. 

Image Source: Zacks Investment Research

D-Wave is trading at a forward, one-year Price/Sales (P/S) of 116.55X, lower than its 169.78X median but significantly above the industry average of 3.89X.

Image Source: Zacks Investment Research

Take a look at how estimates for D-Wave’s 2026 and 2027 earnings are shaping up.

Image Source: Zacks Investment Research

D-Wave currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
2026-07-01 17:09 24d ago
2026-07-01 11:21 24d ago
D-Wave získala grant NSF na kvantový výzkum
QBTS D-Wave Quantum
FMP Stock News 78
Original source text
Key Takeaways New NSF grant adds to growing U.S. government support for D-Wave.QBTS will provide dual-rail gate-model resources through its Quantum Circuits subsidiary.QBTS previously announced a proposed $100M CHIPS Act funding commitment. D-Wave Quantum (QBTS - Free Report) , or D-Wave, has secured a $1.5 million grant under the U.S. National Science Foundation’s National Quantum Virtual Laboratory (“NQVL”) program. The funding will support the company’s participation in ERASE (Erasure Qubits and Dynamic Circuits for Quantum Advantage), a Yale University-led initiative focused on developing the technologies needed for scalable, fault-tolerant quantum computing. The project brings together researchers from leading academic institutions and industry organizations to advance dual-rail gate-model quantum computing hardware, software, error correction and applications.

The University pioneered the dual-rail technology behind D-Wave’s gate-model program and later became part of the company through its January 2026 acquisition of Quantum Circuits, Inc., a Yale startup. As part of the collaboration, D-Wave will provide researchers with access to its superconducting dual-rail gate-model quantum computing resources through the subsidiary. The award also moves ERASE into the second phase of the NQVL program.

Researchers participating in ERASE will be able to explore new software, compilers and error-correction approaches on D-Wave's platform via selected development interfaces and APIs. At the same time, the project will also broaden workforce development efforts with academic and industry partners, helping expand the talent pipeline for quantum technologies.

The latest NSF-funded project builds on growing U.S. government support for D-Wave's quantum computing technologies. In May, the company announced it had signed a Letter of Intent for $100 million of proposed funding under the U.S. CHIPS and Science Act to accelerate the development and scaling of its annealing and gate-model quantum computing systems.

Recent Developments Among QBTS PeersIBM (IBM - Free Report) introduced the world’s first sub-1 nanometer (nm) chip technology, featuring a breakthrough transistor architecture at the 0.7 nm, or 7 angstrom node. The development marks a major milestone for an industry facing the physical limits of traditional chip scaling. IBM’s new sub-1 nm chip packs nearly 100 billion transistors onto a chip the size of a fingernail, nearly twice the density of IBM’s 2 nm chip, unveiled in 2021.

IonQ (IONQ - Free Report) recently unveiled Clavis XG Multiplex, a new addition to its Clavis XG Quantum Key Distribution portfolio, designed to make quantum security even more practical and deployable across metropolitan fiber networks. The Clavis XG product line stands out for its enterprise???grade network integration, offering benefits in form factor and maintenance to configuration and management. IonQ also recently opened a new laboratory suite in Boulder, CO, to support quantum computing R&D and semiconductor chip testing facilities.

The Zacks Rundown for QBTS StockYear to date, QBTS shares have dropped 8.3% compared with the industry’s 14.3% decline. 

Image Source: Zacks Investment Research

D-Wave is trading at a forward, three-year Price/Sales (P/S) of 134.69X, significantly higher than its 75.49X median and the industry average of 3.62X.

Image Source: Zacks Investment Research

Take a look at how estimates for D-Wave’s 2026 and 2027 earnings are shaping up.

Image Source: Zacks Investment Research

D-Wave currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
2026-06-25 17:29 1mo ago
2026-06-25 11:45 1mo ago
D-Wave chystá kvantový simulátor s gate-modelem a detekcí chyb
QBTS D-Wave Quantum
FMP Stock News 78
Original source text
Key Takeaways D-Wave unveiled an error-aware gate-model quantum simulator to advance fault-tolerant computing.D-Wave targets 100 logical qubits and 1M successful operations by 2032 using dual-rail architecture.D-Wave's simulator supports up to 21 qubits with error detection and real-time control tools. D-Wave Quantum (QBTS - Free Report) , or D-Wave, recently announced its forthcoming gate-model quantum computing simulator, a move that expands its gate-model roadmap designed to accelerate the development of commercial, fault-tolerant quantum computing. Detailed at the inaugural Investor Day earlier this month, the roadmap targets 100 logical qubits capable of successfully performing over 1 million operations by 2032 through scalable superconducting dual-rail architecture and quantum error correction.

The stimulator is expected to be the first of its kind designed for error-aware programming, with access scheduled to begin in September 2026. Built around D-Wave’s dual-rail technology, it is designed to give developers greater visibility into errors, helping them design applications and workflows that respond to real processor behavior.

By combining error detection and real-time control, the simulator will give developers new tools and data to better understand quantum behavior, prototype quantum applications and error-correction routines and explore more advanced workflows.

Once available through D-Wave's Leap cloud platform, the simulator will offer a quantum programming toolkit with error-aware capabilities, including tools for modeling quantum processor behavior, error detection and real-time control. It will support up to 21 qubits, include ideal and hardware emulation modes, Monte Carlo simulation of real-time quantum system dynamics and integration with familiar development tools, including the company’s Ocean SDK.

D-Wave also plans to introduce quantum development bundles that will provide access to its forthcoming gate-model quantum simulator and systems. These will include Starter and Premium packages, with monthly access allocations and guidance from D-Wave’s expert team. The company says the bundles are designed to support a range of customer needs, from initial exploration to more advanced research and development.

Updates From QBTS PeersQuantum Computing Inc. (QUBT - Free Report) or QCi announced the completion of acquiring NHanced Semiconductors, Inc. for a combination of cash and QCi stock valued at $73.1 million, subject to customary adjustments, and up to an additional $72.0 million if certain performance targets are achieved. The acquisition marks an important step in QCi’s transition from research-driven innovation and prototyping to scalable commercial production. By adding semiconductor and nanophotonics fabrication capabilities, advanced packaging expertise and specialized engineering talent, QCi is strengthening its operational capabilities and manufacturing readiness.

C3 AI (AI - Free Report) announced that Shell Information Technology International B.V. is extending its long-standing collaboration with the company across its global operations. C3 AI has worked with Shell since 2018 to deploy and operate an enterprise-scale predictive maintenance program. Under a new multi-year agreement, Shell will extend its deployment of C3 AI Reliability to enhance its operations, extending predictive maintenance capabilities beyond equipment anomaly detection. 

QBTS’ Price Performance, Valuation & EarningsIn the past three months, QBTS shares have risen 58.6%, far above the industry’s 4.8% growth.

Image Source: Zacks Investment Research

D-Wave is trading at a forward, five-year Price/Sales (P/S) of 130.99X, significantly higher than its median and the industry average.

Image Source: Zacks Investment Research

Estimates for D-Wave’s 2026 and 2027 loss per share have steadily narrowed over the past 90 days.

Image Source: Zacks Investment Research

D-Wave currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
2026-06-24 14:44 1mo ago
2026-06-18 09:30 1mo ago
D-Wave podepsala LOI na 100 milionů USD v rámci CHIPS Act
QBTS D-Wave Quantum
FMP Stock News 78
Original source text
Key Takeaways QBTS signs $100M LOI under CHIPS Act, signaling U.S. Commerce Department interest in its quantum tech.The funding would back D-Wave's R&D facility in Florida, Connecticut and Canada to scale quantum systems.QBTS aims for 100,000-qubit annealing and 10,000-qubit gate-model systems for AI and chemistry. D-Wave Quantum (QBTS - Free Report) , or D-Wave, received a major boost last month that could advance its superconducting annealing and gate-model technology development. The company signed a Letter of Intent (“LOI”) for $100 million in proposed funding under the U.S. CHIPS and Science Act. The LOI signals federal interest in D-Wave’s annealing and gate-model quantum computing technologies and their potential economic impact. If the award is finalized, the company would issue $100 million in shares of its common stock to the U.S. Department of Commerce.

The funding is set to support D-Wave’s work at its forthcoming research and development (R&D) facility in Boca Raton, FL, as well as its R&D centers in New Haven, Connecticut and Burnaby, BC, Canada. Specifically, it aims to help speed up the delivery of advanced superconducting quantum computers, including a 100,000-qubit annealing system and a 10,000-qubit gate-model system.

While D-Wave’s annealing quantum computers are already commercial, its gate-model system is expected to reach commercial viability with 10,000 physical qubits, enabling 100 logical qubits.

With the larger-scale and higher coherence annealing quantum computing systems, the company expects stronger performance gains for solving computational problems in optimization, materials simulation, blockchain and artificial intelligence applications. The larger-scale dual-rail gate-model quantum computer will allow dozens of logical qubits, providing a robust application development platform for a broad range of quantum chemistry and quantum artificial intelligence use cases.

Taken together, these efforts are aimed at building a more resilient, end-to-end quantum computing ecosystem, in line with the CHIPS and Science Act objectives to build domestic capacity in critical technologies and establish a robust and reliable pipeline for the components required to bring state-of-the-art quantum computing systems into the market.

Latest Development From QBTS’ PeersIBM (IBM - Free Report) has announced an expanded collaboration with ServiceNow to address two of the biggest barriers blocking enterprise AI at scale: the AI-ready data problem and the legacy application layer. The partnership aims to combine IBM’s AI, data and automation capabilities with the ServiceNow AI Platform to help enterprises break through outdated systems and put their data to work for AI.

IonQ (IONQ - Free Report) announced Clavis XG Multiplex, a new addition to its Clavis XG Quantum Key Distribution (QKD) portfolio to make quantum security more practical and deployable across metropolitan fiber networks. The system enables high-performance, physics-based key distribution on a customer’s existing network infrastructure without requiring operators to redesign, isolate or dedicate optical networks for quantum security. IONQ also opened a new laboratory suite in Boulder, CO, which will house Quantum Computing R&D and semiconductor chip testing facilities.

QBTS’ Price Performance, Valuation & EstimatesYear to date, QBTS shares have plunged 11.5%, underperforming the industry’s 11.6% fall.

Image Source: Zacks Investment Research

D-Wave is trading at a forward, two-year, price/sales (P/S) of 132.67X, higher than its median and industry average.

Image Source: Zacks Investment Research

Here’s how estimates for D-Wave’s 2026 and 2027 loss per share are shaping up.

Image Source: Zacks Investment Research

D-Wave currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.