D-Wave Quantum Inc. — Third Quarter 2026 Earnings Summary

D-Wave Quantum Inc. reported third-quarter 2026 revenue of $4.5 million, representing a 21% increase year over year, driven by growth in professional services and quantum computing as a service. The company achieved bookings of $37.4 million for the first nine months of 2026, a 611% increase compared to the same period in 2025, while remaining performance obligations rose 1,221% to $38.3 million. D-Wave secured a definitive agreement with the U.S. Department of Commerce to access up to $100 million in CHIPS and Science Act funding to support the development of next-generation quantum systems. Despite a net loss of $48.2 million for the quarter, the company expanded its commercial reach through new partnerships with entities such as NTT DOCOMO, CGI, and LG CNS, and delivered its first annealing quantum computer in Italy.