D-Wave Quantum

QBTS

Market cap $8.2B

D-Wave Quantum NYSE: QBTS reported a sharp increase in first-quarter bookings and said demand for its quantum computing systems has strengthened, even as revenue declined from a year earlier when results included a major system sale.

IONQ leads quantum peers after Q1 as revenue surges, backlog grows and enterprise adoption expands across commercial markets.

IONQ leads quantum stocks after Q1 2026 with surging revenues and backlog, while QBTS and RGTI chase growth through bookings and tech advances.

Earnings season is a pivotal moment for many stocks, but particularly for firms in a fledgling industry like quantum computing. When major player IonQ Inc. NYSE: IONQ reported results for the first quarter of 2026 in early May, investors took note of promising revenue growth, a raise to full-year guidance relative to prior projections, and a strong showing in both partnerships and system sales.

D-Wave Quantum Inc. (NYSE:QBTS) reported mixed first-quarter results on Tuesday.

D-Wave Quantum Inc. (QBTS) Q1 2026 Earnings Call Transcript

Investors have poured money into quantum computing stocks in recent years, seeing significant potential in the technology. D-Wave Quantum is one of the only quantum companies working on both quantum annealing and gate-based quantum computing.

After a rough start to the year, America's four major publicly traded quantum computing companies are surging once again.

D-Wave Quantum's Q1 loss is narrower than estimates. The company posts record bookings despite a revenue miss, as it expands commercial adoption and quantum initiatives.

D-Wave Quantum Inc (NYSE:QBTS) stock is down 3.1% to trade at $23.26, after the quantum computing company  reported first-quarter revenue of $2.86 million, drastically short of the $4.2 million projection.