D-Wave Quantum Inc. 8K

D-Wave Quantum Inc. filed a current report announcing its Q2 and first-half 2026 results, featuring flat quarterly revenue but sharply higher bookings and remaining performance obligations, increased investment-driven losses, significant technology roadmap milestones, and progress integrating its Quantum Circuits acquisition.

On August 6, 2026, D-Wave Quantum Inc. reported its financial results for the second quarter and first half of 2026, highlighting flat quarterly revenue of $3.1 million year over year, substantially higher operating expenses and adjusted EBITDA losses driven by heavy investment in product development and go-to-market initiatives (including integration of the January 2026 Quantum Circuits acquisition), and sharply improved net loss due mainly to the absence of large non-cash warrant remeasurement charges seen in 2025. The company reported first-half 2026 bookings of $35.5 million (up over 1,120% year over year, including a $20 million system sale), remaining performance obligations of $40.7 million (up 668%), and a shift toward more commercial and Forbes Global 2000 customers, while also detailing expanded technological roadmaps for both annealing and gate-model quantum systems, including multi-chip scaling plans toward 100,000-qubit annealing systems by 2031 and milestone targets for fault-tolerant gate-model architectures through 2032, alongside a reported research breakthrough published in Nature, upcoming error-aware gate-model simulator offering, and multiple new commercial and research customer engagements and grants. As of June 30, 2026, D-Wave held $546.2 million in cash and marketable investment securities, down primarily due to cash consideration for the Quantum Circuits acquisition, and announced an earnings conference call to discuss these results and its business outlook.

Filing Facts

CIK

1907982

Ticker

-

Form

8K

Source Type

sec

Accession

0001907982-26-000127

Alert Tier

6