D-Wave Revenue Up 21% in Q3 as US Government Signs Up to $100M Funding Deal

At a glance

D-Wave reported that its third-quarter revenue rose 21% from a year earlier. In the same period, it signed a deal with the US government that could bring up to $100 million in funding.

Key points

1. 1

   Third-quarter revenue reached $4.5 million, up 21% from the same quarter last year.

2. 2

   Nine-month bookings totaled $37.4 million, up 611%, but third-quarter bookings fell 19%.

3. 3

   Japanese telecom NTT DOCOMO used the technology to optimize location tracking areas, cutting peak daily location registration signals by 65.3%.

4. 4

   D-Wave started a beta program for its gate-model (a method that combines quantum operations like circuits) simulator.

Why it matters

It shows quantum computers starting to be used in real industries such as telecom networks and chip factories.

Also reported by

• Quantum Computing ReportD-Wave Reports Q3 2026 Results: Revenue Up 21% YoY, RPO Surges 1,221% to $38.3M, and Finalizes $100M CHIPS Act Agreement