$QBTS

Quantum computing companies report varying revenue and financial health. IonQ (IONQ) generated $80.1M in Q2, while D-Wave (QBTS) and Rigetti (RGTI) reported $3M and $5.1M, respectively. IBM (IBM) invests heavily but doesn't separate quantum revenue. IonQ shows revenue growth but high cash burn. D-Wave and Rigetti rely on stock sales for funding. Alphabet and Nvidia (NVDA) are involved but not yet selling quantum products.

Quantum computing stocks IonQ (IONQ), Rigetti (RGTI), and D-Wave (QBTS) rebounded 2-3% after a dilution scare. IonQ's $2B equity offering priced below market, causing a drop. Despite a 28% YTD decline, IonQ reported Q2 2026 revenue of $80.05M, up 286.8% YoY, and raised FY 2026 guidance to $280-290M. The company remains unprofitable with a $3.43 per share loss over the past year.

D-Wave Quantum (QBTS) shares fell 21.0% in the week to October 14, 2026, reaching a 52-week low. The stock has averaged a 51.2% drop during five market shocks since 2022, with recoveries taking 3.0 months on median. Revenue declined 44.2% year-over-year, while operating loss doubled to $53.3 million. Cash reserves decreased to $546 million. The company missed earnings estimates but grew its backlog to $40.7 million.

D-Wave Quantum Inc. (QBTS) delivered Italy's first annealing quantum computer, the 4,400+ qubit Advantage2 system, to Villa Saporiti in Como. Funded by Swiss Quantum Technology SA, the system will support research, academic, and commercial applications. The installation is part of Q-Alliance's efforts to advance Italy's quantum computing capabilities and was announced at the Digital Innovation Forum 2026.

IonQ (IONQ) stock fell 6% to $32.76 after a $2B equity offering, following a $1.3B all-stock deal for Elisity. D-Wave (QBTS) and Rigetti (RGTI) also declined 4%. IonQ's Q2 2026 revenue grew 286.8% YoY to $80.05M, with a raised 2026 outlook of $280M-$290M. Dilution concerns persist due to increased share count.

D-Wave Quantum (QBTS) and SkyWater Technology extended their multi-year manufacturing agreement for semiconductor process development. SkyWater produces processors for D-Wave’s quantum computing systems, including Advantage2. The partnership, spanning over a decade, includes IP protection terms and recent collaboration on optimizing SkyWater’s manufacturing processes. SkyWater launched a quantum solutions division to support technology transitioning.

D-Wave Quantum (QBTS) reported flat Q2 2026 revenue of $3.1M YoY, with cloud subscriptions and services growing but offset by low hardware sales. Adjusted EBITDA loss widened 85% YoY, and shares fell 59% in a year. The company expects $40.7M backlog to convert to revenue, with 57% within a year. According to management, system sales depend on site selection and installation time.

Semtech (SMTC) and D-Wave Quantum (QBTS) are highlighted for strong Q3 earnings growth. SMTC expects $410M revenue, up 54% YoY, and $1.05 EPS, up 119% YoY, driven by data-center sales growth. QBTS shows 1,120% YoY bookings surge and $100M CHIPS Act funding. Both sectors benefit from AI infrastructure spending and quantum computing government support.

The Pentagon ended its use of AI tools from Anthropic, signaling uncertainty for defense tech firms. The move may impact companies like D-Wave (QBTS) and highlight risks of government contract reliance. Investors may see increased volatility in AI firms tied to defense partnerships.

Quantum computing stocks like IONQ, QBTS, RGTI, and QUBT fell sharply on Wednesday due to rising U.S. Treasury yields, which increased borrowing costs and affected valuations of speculative tech companies. The 10-year Treasury yield briefly hit 5.36%, its highest since 2002. IonQ announced a $300 million DARPA agreement after market close, unrelated to the day's decline.