Quantum

D-Wave Revenue Rises 21% as Customer Deployments Expand And CHIPS Agreement Advances

Read full article at source ↗

Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 10/11/2026, 13:04:25 UTC.

Briefings

D-Wave reported Q3 2026 revenue of $4.5 million, a 21% increase from the prior year, driven by professional services and cloud access sales. Nine-month bookings surged 611% to $37.4 million, though quarterly bookings fell 19% to $1.9 million. The company secured $100 million in CHIPS Act funding and expanded manufacturing with SkyWater, while NTT DOCOMO deployed a hybrid quantum network application. Margins narrowed to 52.9% due to higher service costs.

Key points

• D-Wave reported Q3 2026 revenue of $4.5 million, a 21% increase from the prior year, driven by professional services and cloud access sales.
• Nine-month bookings surged 611% to $37.4 million, though quarterly bookings fell 19% to $1.9 million, with the company noting larger transactions cause substantial quarterly variation.

Context

D-Wave reported Q3 2026 revenue of $4.5 million, a 21% increase from the prior year, driven by professional services and cloud access sales. Nine-month bookings surged 611% to $37.4 million, though quarterly bookings fell 19% to $1.9 million. The company secured $100 million in CHIPS Act funding and expanded manufacturing with SkyWater, while NTT DOCOMO deployed a hybrid quantum network application. Margins narrowed to 52.9% due to higher service costs.

Limitations

Revenue figures are from a quarterly report filed with the SEC; nine-month bookings represent customer orders expected to produce future revenue, not necessarily delivered work. Some data points, such as specific CHIPS funding amounts and the exact number of qubits in the Advantage2 computer, are estimates or projections based on available evidence. The company explicitly stated that larger transactions can cause substantial quarterly variation, limiting the reliability of precise revenue attribution to specific periods.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 10/11/2026, 15:21:47 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

View archived briefing on IPFS
bafybeihnbakfxw63kritus2w4m5ucxai3b34l5jjnzn2vo22fv7gsl5dpu