D-Wave Quantum reported a 1,120% year-over-year surge in first-half bookings to $35.5 million and a 668% rise in remaining performance obligations to $40.7 million, signaling strong enterprise adoption with commercial customers contributing 67.7% of revenue. Despite this growth, the company posted an 85% increase in adjusted EBITDA losses to $37.1 million and a decline in gross margin to 55.4%, reflecting ongoing costs in its gate-model commercialization expected to extend to 2032. Nearly $23 million of contracted revenue may convert within 12 months, indicating potential future revenue growth. The stock trades at a high valuation of 156 times forward EV/sales, highlighting investor optimism despite current financial challenges.
BMO Capital initiated an "Outperform" rating on D-Wave Quantum despite flat Q2 revenues and widening losses, signaling confidence in the company's growth potential. The firm's first-half bookings surged 1,120%, showing strong but volatile demand in q...
Quantum computing stocks including Rigetti, IonQ, D-Wave, and Quantum Computing Inc. fell between 4% and 7% without any company-specific news. The decline is linked to rising long-term Treasury yields, which negatively impact valuations of companies ...
Quantum computing stocks like IonQ, D-Wave, and Rigetti dropped 5-6% due to a spike in long-term Treasury yields hitting 19-year highs. These companies, valued on future cash flows, are sensitive to rising rates which reduce the present value of thei...
