D-Wave Quantum

D-Wave Quantum reported third-quarter revenue of $4.5 million, up 21% year over year and above analysts' estimates. At the same time, operating expenses rose 84% to $55.9 million and the operating loss widened to $53.5 million; gross margin fell to 52.9%. Quarterly bookings fell to $1.9 million, but bookings for the first nine months totaled $37.4 million and RPO increased to $38.3 million. D-Wave holds cash and securities of $503.4 million and has a committed CHIPS program support of up to $100 million, which could provide near-term liquidity support. » Mere på deraktionaer.de

Gartner predicts that by 2030 more than half of quantum computing startups are likely to fail, and IBM vice president Scott Crowder expects a pronounced consolidation in which many hardware vendors will exit. D-Wave, IonQ and Rigetti are therefore exposed to increased selection; DARPA contracts and government funding could support individual winners. D-Wave shares fell in reaction, and investors will in future pay closer attention to verifiable progress on error tolerance, paying corporate customers and cash reserves. » Mere på finanzen.net

D-Wave Quantum is regarded as a leading provider of commercial quantum computing systems and leverages both annealing and gate-model technologies. The company has a final agreement for funding of up to $100 million, a backlog of around $40 million, and recorded 59% bookings growth in the second quarter. The stock rose sharply on September 8 after the operational progress. » Mere på finanzen.net

D-Wave Quantum stock rose about 9.2% after the company announced it will host the Qubits Asia 2026 user conference in Seoul on Oct. 28, showcasing production applications, APAC customer momentum and advances in annealing and gate-model technologies. Analysts warn the rally may be an overreaction given D-Wave's unprofitable status, $546 million cash balance and forecasts of continued losses through 2030. The company is projected to burn more than $560 million over the next five years, suggesting conferences alone are unlikely to address its structural profitability challenges. » Mere på finance.yahoo.com

The US government is investing under the CHIPS and Science Act and has secured a non-controlling minority stake in D-Wave Quantum. D-Wave will use the funds to advance development of an annealing machine with up to 100,000 qubits and a gate-model system with 10,000 qubits, aiming to strengthen domestic manufacturing and supply chains. The announcement briefly pushed the stock price sharply higher. At the same time, Rigetti and Quantinuum each received $100 million, while GlobalFoundries reached a separate agreement to support mass production of quantum hardware. » Mere på finanzen.net