Recent Updates — QBTS-WT
D-Wave Quantum Inc. announced that Chief Financial Officer John Markovich will retire and resign from his position, effective September 2, 2026. The resignation was not due to any disagreement with the company regarding business operations or financial reporting. Greg Golkov, currently the senior vice president of finance, has been appointed as acting Chief Financial Officer and principal financial and accounting officer. Markovich served in the role for five years, contributing significantly to the company's 2022 public offering and capital raising efforts exceeding $900 million. D-Wave Quantum Inc. operates in the technology industry, specifically developing and delivering quantum computing systems, software, and services.
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.
D-Wave Quantum Inc. announced an agreement with AT&T to expand the use of its quantum computing technology to address complex optimization challenges across AT&T's network operations. AT&T's initial focus is on integrating D-Wave's annealing quantum computing technology into agentic AI solutions to improve network operations like outage detection and management. D-Wave Quantum Inc. is a provider of quantum computing systems, software, and services.
On July 7, 2026, D-Wave Quantum Inc. announced it was named to the Leaders category in the IDC MarketScape: Worldwide Quantum Computing 2026 Vendor Assessment. The report highlighted D-Wave's production deployment footprint, noting that Advantage2 system usage grew 314% year-over-year and Stride hybrid solver usage grew 114% over six months as of early 2026. The company's roadmap includes the Advantage3 system targeting a 100,000-qubit architecture and an expansion into gate-model quantum computing following the acquisition of Quantum Circuits, Inc. D-Wave operates in the quantum computing industry, providing quantum-assisted optimization and scientific simulation systems.