Market News AIOpen the app

D-Wave Quantum shared its third-quarter results, showing a 21% rise in sales to $4.5 million.

ResultsRead the original at Benzinga
Good for QBTS

D-Wave's sales and bookings grew, and it has an agreement for up to $100 million in federal funding. These gains support growth, though several partnerships are plans, and fault-tolerant systems remain a goal for 2032.

QBTS · D-Wave Quantum

AI read · Good for QBTS

The AI's read

Paid customer use gives D-Wave a path to turn its systems into sales. NTT DOCOMO deployed a second production application, and the company delivered a quantum computer in Italy. Partnerships with CGI and LG CNS could broaden its reach, but they are plans and an MOU, not completed sales. A federal funding agreement for up to $100 million supports development, but does not mean the full amount has been received. Its work on fault-tolerant systems targets 2032, leaving that goal years away. The reported sales and bookings growth, plus the funding agreement, carry more weight.

Get alerts for QBTS

Follow D-Wave Quantum (QBTS) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for QBTS
Free on the App Store and Google Play, or on the web.