TLDR
QBTS stock jumped 7.40% to $11.47 before slipping 3.23% in premarket trading.
D-Wave’s nine-month bookings soared 611% to $37.4 million as demand expanded.
Third-quarter revenue climbed 21% to $4.5 million despite weaker system sales.
D-Wave secured access to up to $100 million in conditional U.S. federal funding.
Operating expenses rose 84% to $55.9 million, while net losses hit $48.2 million.
D-Wave Quantum Inc. (QBTS) stock surged 7.40% to $11.47, gaining $0.79 as the company reported strong financial growth. Third-quarter revenue increased 21%, while nine-month bookings jumped 611%, reflecting higher demand for quantum computing services. However, QBTS shares subsequently declined 3.23% to $11.10 in premarket trading as selling pressure returned.
D-Wave Quantum Inc., QBTS
D-Wave Quantum Reports 611% Bookings Growth and Higher Revenue
D-Wave Quantum generated $4.5 million in third-quarter revenue, representing a 21% increase from the previous year. Professional services contributed an additional $1.5 million, while quantum computing services added $800,000 to revenue growth. However, system sales revenue declined by $1.5 million and partially offset gains across other business segments.
The company recorded $37.4 million in bookings during the first nine months of 2026. This represented a 611% increase from the corresponding period in 2025, highlighting stronger demand for quantum computing solutions. Meanwhile, quarterly bookings declined 19% to $1.9 million as large contract timing affected results.
D-Wave reported $38.3 million in remaining performance obligations, representing a 1,221% annual increase. The company expects to recognize approximately 59% of these obligations as revenue within 12 months. Additionally, commercial enterprises accounted for 48% of its customer base, which exceeded 100 revenue-generating clients.
D-Wave Expands Quantum Computing Through Partnerships and Federal Funding
D-Wave secured an agreement providing access to $100 million in potential funding under the U.S. CHIPS and Science Act. The funding supports development of advanced quantum systems, including a planned 100,000-qubit annealing computer. However, the company must meet specified milestones before receiving funding installments.
Meanwhile, Japanese telecommunications operator NTT DOCOMO deployed another production application using D-Wave’s hybrid quantum technology. The application reduced peak location registration signals by 65.3% and paging signals by 7%. Furthermore, D-Wave delivered Italy’s first annealing quantum computer, featuring more than 4,400 qubits.
The company also expanded its commercial network through partnerships with CGI, LG CNS, and SkyWater. CGI plans to integrate D-Wave’s platforms into enterprise technology services across several industries. Separately, SkyWater demonstrated manufacturing improvements, with quantum-based maintenance scheduling reducing production delays by up to 30%.
QBTS Stock Gains Despite Rising Operating Expenses and Losses
D-Wave reported $55.9 million in operating expenses, marking an 84% increase from the previous year. Higher personnel costs, product development investments, and stock-based compensation drove the increase. Consequently, adjusted EBITDA losses reached $37.7 million, representing an 83% annual increase.
The company’s net loss reached $48.2 million, equivalent to $0.13 per share. However, that figure marked a $91.8 million improvement from the corresponding period last year. Meanwhile, gross margins declined to 52.9% as lower-margin professional services contributed more revenue.
D-Wave ended September with $503.4 million in cash and marketable investment securities. This balance supports its development plans across annealing and gate-model quantum computing systems. Despite the subsequent premarket decline, QBTS retained its 7.40% regular-session gain following the company’s expanding commercial operations.
The post D-Wave Quantum Inc. (QBTS) Stock: Gains 7.40% as Bookings Skyrocket 611% and Q3 Revenue Rises 21% appeared first on Blockonomi .
