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Market Incident

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AI compiled from Infoway · 5 analyzed stories

D-Wave Reports Q3 2026 Revenue Growth, $38.3 Million in Remaining Obligations

D-Wave reported third-quarter 2026 revenue of $4.5 million, up 21% from a year earlier, and a net loss of $48.2 million, or $0.13 per share. Remaining performance obligations, meaning contracted work not yet recognized as revenue, were $38.3 million, up 1,221% year over year.

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What happened

D-Wave Quantum reported third-quarter revenue of about $4.5 million, up 21% from a year earlier, and a net loss of $48.2 million. Orders for the first nine months rose 611%, but third-quarter orders fell year over year. Its shares fell more than 5% in premarket trading.

Global impact / market context

The figures give investors a mixed picture: revenue and nine-month orders grew, but orders in the latest quarter declined and the company reported a large loss. This may make it harder to judge how quickly demand can turn into sales while costs remain substantial.

What to watch

  1. Check whether orders in a later quarter rise from the third quarter; this would show whether the quarterly decline continued.
  2. Check whether the $38.3 million of contracted work not yet counted as revenue becomes reported sales; this matters to future revenue.
  3. Check whether operating costs and losses remain substantial; this matters because the company is still investing in its products.

Affected assets

  • QBTS

Evidence