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MarketBeat
MarketBeat
Business
Nathan Reiff

D-Wave Earnings Looked Weak, But Investors May Be Missing This

Earnings season is a pivotal moment for many stocks, but particularly for firms in a fledgling industry like quantum computing. When major player IonQ Inc. (NYSE: IONQ) reported results for the first quarter of 2026 in early May, investors took note of promising revenue growth, a raise to full-year guidance relative to prior projections, and a strong showing in both partnerships and system sales. Still, a crucial piece of the puzzle—profitability—remains missing.

Now, other big names in the pure-play quantum sphere are sharing their own results, including from firms like D-Wave Quantum Inc. (NYSE: QBTS) and Rigetti Computing (NASDAQ: RGTI). D-Wave, known for its sizable cash holdings and recent purchase of Quantum Circuits Inc., stands out for its dual focus on two distinct technological approaches to quantum computing.

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