What changed
2026-08-01 05:55 UTC → 2026-08-05 17:57 UTC ·
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Early Following the July D‑Wave Quantum posted Q1‑2026 revenue 30 report of $2.86 million, an 80.9 technical advances, D‑Wave’s market dynamics continued to oscillate. In mid‑May the company’s Q1‑2026 earnings triggered a 6.6 % YoY drop, and share decline, while a loss U.S. government announcement of $0.05 per share, sending the stock to $22.53. The company secured a $20 million system sale to Florida Atlantic University and a $10 $100 million two‑year quantum‑computing‑as‑a‑service contract with investment later that month sparked a Fortune‑100 client. On 9 July IDC named D‑Wave 33 % rally. Early June, the Department of Commerce’s CHIPS‑and‑Science Act program disclosed a Leader in its MarketScape, citing over 200 $100 million problem submissions and strong growth equity letter for D‑Wave, lifting the stock nearly 50 % in Advantage2 usage. May and prompting a brief 7.8 % pull‑back. The firm highlighted its dual‑platform strategy after acquiring Quantum Circuits Inc. On 15 July D‑Wave announced earned a transfer of its NYSE listing Great Place to Nasdaq, effective 27 July, keeping the QBTS ticker. Shares opened at €15.09, Work certification and disclosed a modest rise but still 60.8 % below the October 2025 peak CFO share sale, and 25.5 % down over the past month; technical indicators showed it highlighted a mining‑optimization use case that leverages its annealers for heavy‑industry scenario analysis. A broader tech sell‑off on 7 June drove the stock trading well under its 200‑day moving average and an RSI of 35.5, indicating oversold conditions. The filing confirmed down 20 % despite a record Q1 $33.4 million order backlog of $33.4 million. A follow‑up on 22 July reiterated the Nasdaq move and $588 million cash position. Institutional buying and the same CHIPS‑Act funding later lifted the price about 35 % to a $9.1 billion market cap. Analyst downgrades and backlog figures. By 30 July insider sales in late June trimmed gains, while a Trump‑administration order in late June underscored the company reported rapid advances: firm’s continued unprofitability through 2030. The National Science Foundation awarded a partnership with AT&T cut network‑optimization runtimes from one hour to under 15 seconds, $1.57 million grant for fault‑tolerant research, and the U.S. CHIPS Act reaffirmed a 240‑fold speedup; $100 million intent‑to‑fund agreement, even as revenue remained 80.9 % below the Advantage2 system now exceeds 4,400 qubits prior year. In early July D‑Wave was named an IDC MarketScape Leader, with a Zephyr topology and Advantage2 usage is up 314 % YoY. D‑Wave plans The company announced a Nasdaq listing shift (effective 27 July) and, on 5 August, unveiled a strategic pivot to launch commercial gate‑model processors this year, dual‑rail qubits after acquiring Quantum Circuits Inc., targeting 100 logical qubits by 2032. Despite the technical progress, 2032 and publishing a Nature paper on dual‑rail entanglement. Throughout, the stock fell 36.8 % YTD to €14.33, with analysts maintaining a €32.98 target price has remained far below its October 2025 peak, reflecting high valuation multiples versus modest trailing revenue and a ongoing market valuation of about €6.35 billion. The firm will release its Q2‑2026 results on 6 August. volatility.