D-Wave Quantum (QBTS) Finalizes Definitive Agreement With U.S. Department of Commerce for Up to $100M to Accelerate U.S. Leadership in Quantum Computing

D-Wave received $100 million in funding to advance its quantum computing technology and commercial applications. The company reported a 120% increase in its sales pipeline and aims to deliver 2-3 annealing systems annually, each generating $20-40 million. Despite being unprofitable, with a Q2 adjusted EBITDA loss of $37.1 million, D-Wave has a growing commercial pipeline and a consensus 'Strong Buy' rating from analysts, with an average price target of $34.81.

Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and Quantinuum (QNT) each received $100M from the U.S. Commerce Department for R&D and commercialization under the CHIPS Act, with the government gaining non-controlling stakes. Rigetti will focus on chip cooling and connectivity, D-Wave on supply chain and scaling, and Quantinuum on domestic manufacturing partnerships. The companies emphasize commercial viability, but investors should note that quantum computing remains in early development stage

D-Wave Quantum Inc. (QBTS) registered 7,095,721 shares for resale by a selling stockholder. The company will not receive proceeds from the sale. Shares are listed on Nasdaq at $17.12 per share as of September 9, 2026. The selling stockholder may sell shares on various markets or through private transactions.

The U.S. government awarded $100 million each to three quantum computing companies: Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and Quantinuum (QNT). Rigetti will use funds for superconducting quantum research, D-Wave for annealing and gate-model systems, and Quantinuum for supply chain improvements. Each company's technology and progress are key factors for investors.

The U.S. government is investing $100 million each in D-Wave Quantum (QBTS), Rigetti Computing (RGTI), and Quantinuum (QNT) via minority stakes, funded by the CHIPS Act. The companies' shares rose 10%, 8%, and 6% respectively following the announcement. Despite recent gains, all three stocks have declined year-to-date.

Shares of Rigetti Computing, D-Wave Quantum, Quantinuum, Quantum Computing Inc., and IonQ rose today after three received $100M each in U.S. government funding for quantum tech development under the CHIPS Act.