AIBRIEF
D Wave's quarterly loss was wider than analysts expected, and revenue was flat. But bookings for the first half of 2026 jumped 1,120%.
D-Wave Quantum shares fell about 7% on Thursday after the quantum computing company reported a quarterly loss wider than analysts expected and revenue that came in below Wall Street forecasts.
For the quarter ended June 30, 2026, D-Wave posted a net loss of 13 cents per share against the 10-cent loss analysts had forecast, and revenue of $3.1 million, essentially flat year over year and short of the $4.03 million Wall Street consensus, according to the company's Q2 results release. Benzinga reported the miss with shares down 7.15% at $19.86 intraday.
Operating expenses jumped 93% year over year to $55.0 million, up from $28.5 million, on product development and go-to-market investment. That spending growth is what turned a forecast 10-cent loss into a 13-cent loss.
First-half 2026 bookings reached $35.5 million, up 1,120% from a year earlier, The Quantum Insider reported, and the share of Q2 revenue drawn from the Forbes Global 2000, the world's largest public companies by revenue, nearly doubled to 47.7% from 20.4% a year ago. TradingKey flagged a wider adjusted EBITDA loss on top of the EPS miss.
CEO Alan Baratz pointed to the bookings surge and the dual-platform technology roadmap as the long-term commercial signal, according to a StockTwits summary. D-Wave also filed an SEC 8-K on Aug. 5 covering a research breakthrough published in Nature.