Core Insights - D-Wave Quantum has reported significant advancements in its business, including a $10 million enterprise agreement with a Fortune 100 company and a $20 million sale of a quantum computer to Florida Atlantic University, totaling $30 million in new bookings for January 2026 [3][4]. Business Developments - The company has completed the acquisition of Quantum Circuits, enhancing its capabilities with revolutionary gate model technology, making it the only dual-platform quantum computing company that supports both annealing and gate approaches [4][16]. - D-Wave is establishing a new R&D center in Boca Raton, Florida, and has moved its corporate headquarters from Palo Alto, California, indicating a strategic shift to enhance its business operations [18]. Market Position - D-Wave is positioned as a leader in the quantum computing space, being the only company that provides both annealing and gate model quantum computers, which allows it to cater to a wide range of applications [14][16]. - The company is currently working with several large corporations, including a major US airline and a leading chemical company, indicating a strong demand for its quantum computing solutions [7]. Financial Performance - The stock of D-Wave has seen a significant increase, with a reported rise of over 300% in the past year, reflecting positive market sentiment and analyst support [11]. - Analysts have issued buy ratings for the stock, with targets set at $48 and $35, further indicating confidence in the company's growth potential [9]. Applications and Use Cases - The enterprise agreement with the Fortune 100 company is a two-year contract valued at $10 million, aimed at addressing complex business optimization problems across various applications, including workforce scheduling and manufacturing optimization [5][10]. - D-Wave's collaboration with Anderol and Davidson Technologies focuses on missile defense applications, showcasing the potential of quantum computing in national security [12][13].