D-Wave Q3 Revenue Rises 21% as Backlog Jumps Over 1,000%
Source Quantum Computing Report
At a glance
Quantum computing company D-Wave reported its third-quarter 2026 results. Revenue rose about 21% from a year earlier, and contracted revenue yet to be recognized grew sharply. The company also finalized an agreement for up to $100 million in U.S. government funding.
Key points
Third-quarter revenue was $4.51 million, up 20.7% from a year earlier.
Remaining performance obligations, meaning contracted revenue not yet recognized, reached $38.3 million, up from $2.9 million a year earlier.
The company finalized a U.S. Commerce Department agreement for up to $100 million under the CHIPS Act, and the government received a minority equity stake.
The net loss was $48.2 million, much smaller than the loss of over $140 million a year earlier.
Why it matters
Quantum computing is still early, but this shows growing enterprise customers and government support.
Original article
D-Wave Reports Q3 2026 Results: Revenue Up 21% YoY, RPO Surges 1,221% to $38.3M, and Finalizes $100M CHIPS Act Agreement
Quantum Computing Report · Nov 12, 2026, 2:08 AM GMT+9 · quantumcomputingreport.com
Read on Quantum Computing ReportAI read the original article and summarized it in plain language. It may contain mistakes, so please check the original for accuracy. The article's copyright belongs to Quantum Computing Report.