D-Wave Quantum Inc

D-Wave Quantum, Inc. engages in the development and delivery of quantum computing systems, software, and services. It provides customers with access to the company’s quantum computing systems via the cloud in the form of quantum computing as a service (QCaaS) products, and offers professional services such as customer assistance in identifying and implementing quantum-computing applications. The company is headquartered in Burnaby, Canada.

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D-Wave Quantum Inc reports Q1 growth despite revenue challenges

D-Wave Quantum Inc's Q1 2023 performance reflects revenue challenges but strong bookings growth, technological advancements, and strategic initiatives positioning the company for future growth.
While facing revenue recognition complexities and EBITDA losses, D-Wave's focus on innovation, customer-centric approach, and market momentum present opportunities for long-term success.
The company's positive outlook, commercial adoption trends, and engagement in quantum computing solutions underscore its potential for revenue expansion and market leadership.

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D-Wave Quantum, Inc. engages in the development and delivery of quantum computing systems, software, and services. It provides customers with access to the company’s quantum computing systems via the cloud in the form of quantum computing as a service. It offers professional services such as customer assistance in identifying and implementing quantum-computing applications. The company was founded on January 25, 2022 and is headquartered in Palo Alto, CA.

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Quantum computing stocks on the whole took a generous hit in April, mostly due to the market's realization that interest rates will not be going down any time soon. Moreover, the U.S. Labor Department's most recent report on inflation has stymied any hopes of a near-term rate cut, with the most likely date for cuts now occurring in September of 2024 if inflation continues to cool.

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PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, today announced it is participating in the upcoming Reuters Supply Chain USA 2024 conference, reflecting the company's focus on addressing optimization challenges across supply chain logistics and manufacturing through quantum and hybrid-quantum solutions. The event, which takes place in Atlanta, GA May 22 and 23, 2024, brings together 700+ senior suppl.

D-Wave to Present at Reuters Supply Chain USA 2024

D-Wave Quantum Inc. (NYSE:QBTS ) Q1 2024 Earnings Conference Call May 13, 2024 8:00 AM ET Company Participants Kevin Hunt - Investor Relations Alan Baratz - Chief Executive Officer John Markovich - Chief Financial Officer Conference Call Participants Harsh Kumar - Piper Sandler Quinn Bolton - Needham David Williams - Benchmark Richard Shannon - Craig-Hallum Suji Desilva - ROTH MKM Kevin Garrigan - Westpark Capital Craig Ellis - B. Riley Securities Operator Good day, everyone, and welcome to the D-Wave First Quarter 2024 Earnings Call.

D-Wave Quantum Inc. (QBTS) Q1 2024 Earnings Call Transcript

D-Wave Quantum Inc. (QBTS) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.20 per share a year ago.

D-Wave Quantum Inc. (QBTS) Reports Q1 Loss, Lags Revenue Estimates

PALO ALTO, Calif. & LOS ANGELES--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, and the University of Southern California (USC) today announced a renewed multiyear partnership. Under the agreement, the USC Viterbi School of Engineering will continue to house a D-Wave state-of-the-art Advantage™ quantum computer, facilitating ongoing explor.

D-Wave and the University of Southern California Renew Multiyear Agreement to Advance Annealing Quantum Computing Research and Adoption

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc., (NYSE: QBTS) (“D-Wave” or the “Company”) a leader in commercial quantum computing systems, software, and services, today announced financial results for its first fiscal quarter ended March 31, 2024. “D-Wave's first quarter revenue and bookings reflect growing customer demand for quantum and hybrid quantum solutions that can drive measurable impact today,” said Dr. Alan Baratz, CEO of D-Wave. “Coupled with the significant technical milest.

D-Wave Reports First Quarter 2024 Results

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, today announced its participation in the upcoming Needham Technology, Media and Consumer Conference. Dr. Alan Baratz, CEO of D-Wave, is scheduled to take part in a fireside chat on Thursday, May 16, 2024, at 1:30pm ET, offering an in-depth discussion about the company's latest advancements, strategic direction, and the measurable outcomes that quantum c.

D-Wave to Showcase Quantum Computing Advancements at 19th Annual Needham Technology, Media and Consumer Conference

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PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, today announced it will release its financial results for the first quarter of fiscal year 2024 ended March 31, 2024 on Monday, May 13 before market open. The press release will be available on the D-Wave Investor Relations website: https://ir.dwavesys.com/. In conjunction with this announcement, D-Wave will host a conference call on Monday, May 13, 202.

D-Wave Quantum Inc. Announces Date for First Quarter Fiscal Year 2024 Earnings Call

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Quantum computing technology and applications across sectors are advancing rapidly; the market is predicted to grow over 32% from 2023 to 2030, attracting attention toward multibagger quantum computing stocks. Furthermore, industry developments such as IBM's (NYSE: IBM ) 433-qubit Osprey processor represent a substantial advancement in quantum computing, enabling complicated calculations beyond traditional computers.

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D-WAVE QUANTUM (QBTS) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

After Plunging -27.45% in 4 Weeks, Here's Why the Trend Might Reverse for D-WAVE QUANTUM (QBTS)

When the largest American bank, JPMorgan Chase (NYSE: JPM ), starts investing into a new sector, investors should take note. As of January, the bank secured $300 million in the quantum computing startup Quantinuum.

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PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today launched the fast-anneal feature, available on all of D-Wave's quantum processing units (QPUs) in the Leap™ real-time quantum cloud service. The fast-anneal feature has been a key part of D-Wave's research milestones, including work published in Nature Physics (2022) a.

D-Wave Introduces New Fast Anneal Feature, Extending Quantum Computing Performance Gains

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PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced that its Qubits 2024 quantum computing conference will take place in Boston on June 17 and 18, 2024. Themed “Success, Powered by Quantum,” the conference will demonstrate how D-Wave, partners, and customers such as Momentum Worldwide (part of Interpublic Group), Los Alamos Na.

D-Wave's Qubits 2024 Quantum Computing Conference Announced for June 17-18 in Boston

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D-WAVE QUANTUM (QBTS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About D-WAVE QUANTUM (QBTS) Rating Upgrade to Buy

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D-Wave Quantum Inc. (QBTS) Q4 2023 Earnings Call Transcript

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc., (NYSE: QBTS) (“D-Wave” or the “Company”) a leader in commercial quantum computing systems, software, and services, today announced financial results for its fourth fiscal quarter and year ended December 31, 2023. “Our momentum is undeniable,” said Dr. Alan Baratz, CEO of D-Wave. “From our commercial traction to substantive product advancements, from our ground-breaking scientific milestones to new strategic par.

D-Wave Reports Fourth Quarter and Year-End 2023 Results

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Wall Street Analysts See D-WAVE QUANTUM (QBTS) as a Buy: Should You Invest?

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PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced it is expanding its executive team to supercharge both its go-to-market growth strategy and product innovation. The two appointments include cloud entrepreneur and IT industry veteran Lorenzo Martinelli as the Company's first Chief.

News for D-Wave Quantum Inc Stock (QBTS)