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D-Wave Quantum shares swing after Q2 earnings and booking surge
Second-quarter revenue of $3.1 million was 62% from commercial customers, while first-half bookings rose 1,120% to $35.5 million.
D-Wave Quantum Inc. shares moved sharply after the company reported second-quarter results on August 6, with the stock closing the day 9% lower, according to Yahoo Finance.
The bullish case highlighted in the coverage points to a first-half 2026 bookings surge of 1,120% to $35.5 million, driven by purchase and enterprise agreements with Florida University and a Fortune 100 company.
The article also notes that 62% of second-quarter revenue of $3.1 million came from commercial customers, and that remaining performance obligations rose 668%, which it says could support future tailwinds if execution holds up.
On the other hand, revenue trends remained mixed, with second-quarter revenue down 0.6% year over year, and Q1 revenue falling 81% to $2.9 million due to revenue recognition procedures, while EBITDA loss widened to $37 million from $20 million and first-half operating expenses rose to $111.5 million from $53.6 million, the report says.