Quantum Earnings Could Decide Whether the Sector’s Sell-Off Has Gone Too Far D-Wave Quantum (NASDAQ:QBTS) reported second-quarter 2026 revenue of $3.1 million, essentially unchanged from the year-earlier period, as growth in quantum computing-as-a-service subscriptions and…
ofessional services offset a smaller contribution from systems revenue. The company said second-quarter QCaaS subscription revenue rose 50% year over year to $1.9 million, while professional services revenue increased more than 18% to about $900,000
Systems and other revenue was approximately $300,000, primarily tied to installation and site-preparation activities for a previously announced $20 million system sale to Florida Atlantic University. – D-Wave’s AT&T Deal Shows Quantum Computing Is Moving Beyond Theory Bookings increased 59% from a year earlier to $2.1 million in the quarter, while the average booking size rose more than 87%, according to Chief Financial Officer John Markovich. The company recognized revenue from about 100 customers, with commercial enterprises accounting for 62.4% of revenue, up from 45.1% a year earlier. Forbes Global 2000 customers represented 47.7% of quarterly revenue, compared with 20.4% in the prior-year quarter.
Losses Rise as Company Invests in Development and Sales D-Wave posted a second-quarter net loss of $48 million, or $0.13 per share, compared with a net loss of $167.3 million, or $0.55 per share, a year earlier. The narrower net loss was primarily driven by a $142 million decline in non-cash, non-operating charges related to the remeasurement of its former warrant liability. The company redeemed all of its remaining publicly traded warrants in November 2025. – D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?