D-Wave Quantum's rising interest in selling systems suggests strong machine sales in 2027, according to an analyst.

Nov 11, 2026, 1:21 PM ETOpinionRead the original at Benzinga

Neutral

D-Wave's bookings and sales pipeline climbed, but revenue and gross margin missed Rosenblatt's forecasts, and one machine sale shifted into 2027. It had $503 million in cash and $42 million in debt, but had not received its milestone-based $100 million award, leaving the signs mixed.

QBTS · D-Wave Quantum Inc.

AI read · Neutral

The AI's read

The larger pipeline and orders point to demand for D-Wave's machines. The Florida Atlantic University machine is due this quarter, and a system delivered to Italy may later become a purchase. But much of the bookings growth came from one sale. Another machine's sale was pushed into 2027. Revenue and gross margin missed Rosenblatt's forecasts, and the analyst cut his stock forecast from $43 to $30, citing later machine sales and slower cloud-service growth. D-Wave used $28 million in cash during the quarter. Together, these signs do not show a clear change in its business outlook.

CRWV · CoreWeave Inc.

AI read · Good for CRWV

The connection

CoreWeave reported blowout third-quarter results, helping lift AI infrastructure shares. The story gives no result figures or other company-specific news, but the reported results favor its business outlook.

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