D-Wave Reports Bookings Surge as Quarterly Revenue Holds Steady

Insider Brief

D-Wave reported essentially flat second-quarter revenue while bookings and contracted future revenue grew sharply.

First-half bookings increased 1,120% year over year to $35.5 million, while remaining performance obligations rose 668% to $40.7 million, supported in part by a $20 million quantum computing system sale that will be recognized in future revenue.

The company expanded both its annealing and gate-model quantum computing roadmaps, announced new research and government partnerships, and continued increasing investment in engineering and commercialization initiatives.

D-Wave Quantum reported flat second-quarter revenue but continued strong growth in bookings, underscoring growing customer demand as the company accelerated investment in both its annealing and gate-model quantum computing platforms.