D-Wave Quantum (NYSE:QBTS) Q3 2025 Earnings Call November 06, 2025 08:00 AM ET Company ParticipantsAlan Baratz - CEOJohn Markovich - CFOKevin Hunt - Senior Director of Investor RelationsConference Call ParticipantsCraig Ellis - AnalystHarsh Kumar - AnalystTroy Jensen - AnalystDavid Williams - AnalystTyler Ron - AnalystQuinn Bolton - AnalystJohn McPeak - AnalystKingsley Crane - AnalystSuji Desilva - AnalystOperatorGood day and welcome to the D-Wave Q3 2025 earnings call. All participants will be in a listen- ...

D-Wave Quantum (NYSE:QBTS) Q3 2025 Earnings Call November 06, 2025 08:00 AM ET Speaker3Good day and welcome to the D-Wave Q3 2025 earnings call. All participants will be in a listen-only mode. Should you need assistance, please signal conference specialists by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touch-tone phone. To withdraw your question, please press star then two. Please n ...

Core Insights - D-Wave Quantum (QBTS) shares increased by over 25% following the announcement of its next-generation Advantage quantum computing system, Advantage2, which is designed for real-world applications in optimization, materials simulation, and artificial intelligence [1][11] - The Advantage2 system will initially be accessible through D-Wave's Leap cloud service, marking a significant step towards quantum-as-a-service [2] - D-Wave claims to have achieved quantum supremacy over classical computing for practical problems, as demonstrated in a peer-reviewed paper published in Science [4][3] Company Developments - The Advantage2 system is expected to deliver significant performance improvements, including doubled coherence and a 40% increase in energy scale for advanced problem-solving [11] - D-Wave's first sale of the Advantage system was made to the Jülich Supercomputing Centre in Germany, which will utilize it for breakthroughs in AI and quantum optimization [8] - The JUPITER supercomputer at JSC is anticipated to exceed one exaFLOP, representing the first integration of an annealing quantum computer with an exascale supercomputer [9] Financial Performance - Prior to the announcement, QBTS shares had already seen a 125% increase over nine trading sessions, with full-year 2025 sales projected to exceed $25 million, indicating a growth of 183% [14][15] - D-Wave reported a 500% increase in revenues following its Q1 sale to JSC, albeit from a small base [14] Industry Context - The quantum computing sector is experiencing heightened interest, with significant investments being made in competitors like Quantinuum, which secured a $1 billion agreement with a Qatari investment firm [17] - The global demand for quantum technology is rising, with applications being explored in various fields such as finance, precision medicine, and genomics [20][21] - The excitement surrounding quantum computing is evident among investors, with expectations that quantum processing units (QPUs) will revolutionize computing in the coming decade [22]