Key Takeaways Rigetti is advancing superconducting qubits with a modular chiplet design to scale universal systems.QBTS focuses on quantum annealing, targeting optimization problems with enterprise adoption today.RGTI holds stronger growth and momentum scores, while both stocks carry a Zacks Rank #3 (Hold).Quantum computing is one of the most closely watched frontiers in technology, with the potential to reshape industries from drug discovery to logistics. For investors, it also represents one of the rarest ...

Core Viewpoint - D-Wave Quantum's stock has experienced a significant decline of 19% from August 13 to August 21, amidst a broader pullback in tech stocks, despite a remarkable increase of nearly 1,500% over the past year as interest in quantum computing grows [1][2]. Company Overview - D-Wave Quantum positions itself as the world's first commercial supplier of quantum computers and has recently launched its next-generation quantum processor [2]. - The company reported a revenue of $3.1 million for Q2, marking a 42% increase year-over-year, with bookings rising 92% to $1.3 million [9]. Quantum Computing Potential - Quantum computers can perform complex calculations exponentially faster than traditional computers, with benchmarks showing tasks that would take supercomputers 10 septillion years can be completed in under five minutes by quantum chips [4]. - The global quantum computing market is projected to grow from $4 billion in 2024 to $72 billion by 2035, driven by advancements in various fields such as semiconductor development and drug discovery [5]. Product Development - D-Wave's sixth-generation quantum computer, Advantage2, is designed for real-world applications like process optimization and artificial intelligence [7]. - The Advantage2 has been tested by notable institutions, including the Jülich Supercomputer Center and Los Alamos National Laboratory [8]. Financial Performance - D-Wave reported a net loss of $167.3 million in Q2, compared to a loss of $17.8 million in the same period last year, with operating expenses increasing by 41% [11]. - The company ended Q2 with $819 million in cash and $149.3 million in liabilities, having raised $400 million through share sales and other financial instruments [12]. Growth Strategy - Management plans to utilize the cash reserves to accelerate growth, potentially through mergers or acquisitions, and intends to increase investment in R&D and marketing, which will raise operating expenditures by approximately 15% [13]. - D-Wave aims to be the first independent publicly held quantum computing company to achieve consistent profitability, although this goal may take time [13]. Market Valuation - D-Wave's stock trades at a price-to-sales ratio of 173, which is high compared to traditional tech companies but aligns with other pure-play quantum computing firms [14]. - Analysts estimate D-Wave's revenue for 2025 to be $24.6 million, nearly 180% higher than projected for 2024, indicating potential for significant growth [16].

The stock has surged over the last year. Can it keep climbing? Much like its quantum computing peers, D-Wave Quantum (QBTS -7.52%) has been one of the biggest winners on the stock market over the past year. During that time, the stock has skyrocketed 1,711% as of Aug. 15, riding a wave of enthusiasm for the emerging technology even as D-Wave Quantum is still a development- stage company with little revenue. Among the events that have sparked interest in the stock are President Donald Trump's election, which ...

Key Takeaways D-Wave Quantum's (QBTS) stock has risen 8.6% since its Aug. 7, 2025 second-quarter earnings release despite a miss as investors cheered business momentum and customer growth. Revenues jumped 42% year over year, driven by sales of the Advantage2 quantum processing unit and rising adoption by major clients like GE Vernova, Nikon and NTT DOCOMO. With new global partnerships and advances in hybrid quantum-classical technology, the company has strengthened its position in commercial quantum anneali ...

Core Insights - D-Wave Quantum Inc. has seen its stock price nearly double year-to-date, reaching new all-time highs, with investors anticipating insights from its upcoming earnings report in early August [1] - A significant portion of business leaders surveyed expect substantial returns on investment from quantum technology, indicating a strong market interest [2] Company Developments - D-Wave has made major sales of entire quantum computing systems, including its Advantage system, and has formed a partnership with SuperQ Quantum Computing Inc. and Verge Ag to expand its product lineup [3][4] - The collaboration aims to utilize quantum annealing technology to optimize agricultural operations, demonstrating the practical applications of D-Wave's technology [5][6] Market Position and Challenges - Despite the positive developments, D-Wave faces skepticism regarding the viability of quantum annealing compared to other quantum computing approaches, as highlighted by critics [7] - The recent collaboration has generated its first revenue contract, which may bolster D-Wave's position in the market [8] Revenue Growth Potential - The partnership with SuperQ and Verge serves as a model for future revenue generation, as D-Wave has relied heavily on a few high-profile sales to grow its revenue [9] - There is potential for D-Wave to collaborate with various partners across different sectors, leveraging its technology to create innovative products [11] Financial Outlook - Analysts have a mixed outlook on D-Wave's stock, with a 12-month price forecast averaging $15.22, indicating a potential downside of 17.14% from the current price [12] - Warning signs from the first-quarter earnings include a significant drop in deferred revenue and a cash burn nearing $20 million, contributing to a high short interest in the stock [13]

Core Insights - D-Wave Quantum Inc. (QBTS) has experienced a remarkable growth of 1,343.6% over the past year, indicating strong investor confidence in its quantum annealing technology [1][7] - The company is focusing on practical applications of quantum technology, particularly in optimization problems, which sets it apart from competitors like IBM and Alphabet [2][5] Company Performance - D-Wave's Advantage2 prototype has demonstrated quantum advantage by completing complex tasks in minutes, which would take classical supercomputers millennia [5][7] - The Leap cloud platform and partnerships with companies such as Ford Otosan and NTT DOCOMO are generating real commercial value for D-Wave [5][7] Industry Context - IBM is developing its Quantum Starling, a fault-tolerant quantum computer expected to launch by 2029, which will significantly enhance operational capabilities [6] - Alphabet's Willow processor has achieved a milestone in quantum error correction, with expectations for real-world applications in the next five years [8] Financial Estimates - The Zacks Consensus Estimate for D-Wave's 2025 earnings suggests a 72% year-over-year improvement [9] - Current estimates indicate a gradual improvement in earnings per share (EPS) from -0.10 a year ago to -0.21 in 2025, with a projected growth of 30% for the current quarter and 45.45% for the next quarter [10]

Core Insights - D-Wave Quantum Inc. has made significant advancements in quantum annealing technologies, leading to increased attention and validation of its commercial execution [2][10] - The company's stock has surged 1281% over the past year, outperforming the broader Internet Software industry, the Computer and Technology sector, and the S&P 500 [3] Company Performance - D-Wave's 1,200-qubit Advantage2 prototype achieved quantum supremacy by solving a complex magnetic simulation in minutes, a task estimated to take one million years on a classical supercomputer [6][10] - The full-scale Advantage2 system features over 4,400 qubits, improved coherence time, and enhanced qubit connectivity, which are crucial for solving complex optimization and AI problems [7][11] Competitive Position - D-Wave is currently leading competitors Rigetti Computing and IonQ in delivering practical quantum computing solutions, with demonstrated performance at scale [10][11] - High-profile commercial users, including Ford Otosan, NTT DOCOMO, and Japan Tobacco, are utilizing D-Wave's systems for various applications, showcasing the company's hardware maturity [11] Financial Estimates - The Zacks Consensus Estimate for D-Wave's 2025 earnings indicates a 72% year-over-year improvement [12] - Current earnings estimates for the next year show a significant reduction in losses compared to the previous year, reflecting positive growth expectations [13]