• D-Wave posted Q2 revenue of $3.1 million, flat year over year; net loss narrowed to $48 million, or $0.13 per share.
• GAAP operating expenses jumped 93% to $55 million; GAAP gross margin fell 8.4 percentage points to 55.4%.
• Q2 bookings rose 59% to $2.1 million; first-half bookings totaled $35.5 million, up more than 1,120% year over year, including a $20 million system sale.
• Remaining performance obligations climbed to $40.7 million, up 668% year over year; cash and marketable investment securities totaled $546.2 million.
• CEO Alan Baratz cited stronger bookings momentum, peer-reviewed validation of its dual-rail architecture, and IDC “Leader” recognition; roadmap targets 20,000-qubit Advantage3 in 2029.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. D-Wave Quantum Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001907982-26-000127), on August 06, 2026, and is solely responsible for the information contained therein.