QBTS reports Q1 2026 bookings surged 2,000% year-over-year to $33.4 million, signaling strong demand growth.
D-Wave Quantum Inc. reported Q1 2026 bookings of $33.4 million, a 2,000% increase from the same period last year and a 149% rise from Q4 2025. The surge reflects accelerating demand for quantum computing systems, according to management commentary.
The company also outlined a roadmap to achieve 100 logical qubits by the end of 2032, while expecting 2 to 3 system deals annually. Prior bookings in Q1 2025 were minimal, making the current figure a significant milestone for the sector.
No immediate market reaction was disclosed in the earnings call summary.