Earnings ·
D-Wave Quantum Inc. reported financial results for the second quarter ended June 30, 2026
QBTS-WTD-Wave Quantum Inc.
D-Wave Quantum Inc. reported financial results for the second quarter ended June 30, 2026. Revenue was $3.1 million, flat year-over-year, while first-half bookings surged 1,120% to $35.5 million due to a $20 million system sale and new customer engagements with AT&T and Nasdaq Verafin. Remaining performance obligations reached $40.7 million, up 668%. The company incurred a net loss of $48.0 million ($0.13 per share), significantly lower than the prior year's $167.3 million loss, primarily due to a $142.0 million decrease in non-cash warrant liability remeasurement charges following the redemption of all warrants in November 2025. D-Wave operates in the quantum computing industry, providing annealing and gate-model systems, software, and services.