Latest news with #DWaveQuantum
Associated Press
3 days ago
- Business
- Associated Press
IBN Coverage: D-Wave Quantum (NYSE: QBTS) CEO Highlights Revenue Increase in Fox Business Interview
This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community. LOS ANGELES, CA - May 30, 2025 ( NEWMEDIAWIRE ) - D-Wave Quantum Inc. (NYSE: QBTS) ('D-Wave'), a leader in quantum computing systems, software, and services, is seeing momentum build on both the technical and commercial fronts, according to CEO Dr. Alan Baratz, who appeared on Fox Business' The Claman Countdown to discuss the company's progress ( ). Baratz emphasized a significant milestone recently achieved by the company: the sale of a D-Wave(TM) Advantage quantum computing system to Germany's Julich Supercomputing Centre ('JSC'), a deal that contributed to a sharp increase in Q1 revenue. D-Wave reported quarterly revenue of $15 million, a… Read More About D-Wave Quantum Inc. D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. We are the world's first commercial supplier of quantum computers, and the only company building both annealing and gate-model quantum computers. Our mission is to help customers realize the value of quantum, today. Our quantum computers, the world's largest, are available on-premises or via the cloud, supported by 99.9% availability and uptime. More than 100 organizations trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to our quantum systems to date, our customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more. Learn more about realizing the value of quantum computing today and how we're shaping the quantum-driven industrial and societal advancements of tomorrow: Forward Looking Statements Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: The latest news and updates relating to QBTS are available in the company's newsroom at Forward Looking Statements Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law. About IBN IBN is a cutting-edge communications and digital engagement platform providing tailored Platform Solutions for select private and public companies. Over the course of 19+ years, IBN has introduced over 70 investor facing brands to the investment public and amassed a collective audience of millions of social media followers. These distinctive investor brands amplify recognition and reach as well as help fulfill the unique needs of our rapidly growing and diverse base of client-partners. IBN will continue to expand our branded network of influential properties as well as leverage the energy and experience of our team of professionals to best serve our clients. IBN's Platform Solutions provide access to: (1) our Dynamic Brand Portfolio (DBP) through 70+ investor facing brands; (2) article and editorial syndication to 5,000+ news outlets; (3) full-scale distribution to a growing Social Media Network (SMN) ; (4) a network of wire solutions via InvestorWire to effectively reach target markets and demographics; (5) Press Release Enhancement to ensure accuracy and impact; (6) a full array of corporate communications solutions; and (7) total news coverage solutions. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Media Contact IBN Los Angeles, California 310.299.1717 Office [email protected]
Globe and Mail
3 days ago
- Business
- Globe and Mail
D-Wave Quantum (NYSE: QBTS) CEO Highlights Revenue Increase in Fox Business Interview
D-Wave reported Q1 2025 revenue of $15 million, up 509% year over year. The revenue jump was driven by the sale of an Advantage(TM) quantum system to the Jülich Supercomputing Centre in Germany. CEO Dr. Alan Baratz says D-Wave's recent quantum supremacy demonstration influenced the sale, while also catching the attention of the supercomputer community and national labs around the world. Dr. Baratz reiterated that annealing quantum computing is uniquely suited for real-world optimization tasks. D-Wave Quantum Inc. (NYSE: QBTS) ('D-Wave'), a leader in quantum computing systems, software, and services, is seeing momentum build on both the technical and commercial fronts, according to CEO Dr. Alan Baratz, who appeared on Fox Business' The Claman Countdown to discuss the company's progress ( Baratz emphasized a significant milestone recently achieved by the company: the sale of a D-Wave(TM) Advantage quantum computing system to Germany's Jülich Supercomputing Centre ('JSC'), a deal that contributed to a sharp increase in Q1 revenue. D-Wave reported quarterly revenue of $15 million, a… Read More>> About D-Wave Quantum Inc. D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. We are the world's first commercial supplier of quantum computers, and the only company building both annealing and gate-model quantum computers. Our mission is to help customers realize the value of quantum, today. Our quantum computers, the world's largest, are available on-premises or via the cloud, supported by 99.9% availability and uptime. More than 100 organizations trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to our quantum systems to date, our customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more. Learn more about realizing the value of quantum computing today and how we're shaping the quantum-driven industrial and societal advancements of tomorrow: Forward Looking Statements Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law. Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Corporate Communications
Globe and Mail
22-05-2025
- Business
- Globe and Mail
‘Strong Buy' D-Wave Quantum Stock Could Fall 34% From Here
Amid this year's market turbulence, quantum computing has remained a red-hot investing theme, and D-Wave Quantum (QBTS) is certainly riding the wave. With its cutting-edge tech gaining traction across real-world applications, the stock has skyrocketed an eye-popping 1,366% over the past year, fueled by surging sales and growing investor enthusiasm. In fact, the spotlight grew even brighter on May 20, when shares surged nearly 26% after D-Wave announced the 'general availability' of its new Advantage2 quantum computer. This sixth-generation 'annealing quantum computer' is, according to D-Wave, 'production-ready' and delivers 'significant performance gains' over its predecessor. Equipped with D-Wave's most advanced quantum processor to date and 4,400-plus superconducting qubits, the Advantage2 is designed to tackle 'computationally complex problems beyond the reach of classical computers,' including even the most powerful supercomputers. But despite the prevailing buzz around QBTS, analysts are striking a cautious tone. Even though stock holds a consensus 'Strong Buy' rating, the average price target points to more than 34% potential downside from current levels. About D-Wave Quantum Stock D-Wave Quantum (QBTS) is the first quantum computing company to bring commercial systems to market and is the only player developing both annealing and gate-model technologies. D-Wave has become a go-to for organizations tackling complex challenges in areas like optimization, artificial intelligence (AI), and research. Its cloud-based and on-premise solutions support high availability, with more than 100 customers already putting the tech to work in real-world scenarios. With a market cap hovering around $4.5 billion, D-Wave has staged an incredible rally over the past year, and 2025 is proving no different. The stock has already surged 114% year-to-date, leaving the broader S&P 500 Index ($SPX) in the dust. D-Wave's momentum also stands in stark contrast to its peers in the quantum computing space. While Rigetti (RGTI) has plunged 18% and IonQ (IONQ) has tanked 4% so far this year, D-Wave has pulled far ahead, cementing its status as the standout performer in the sector. A Closer Look at D-Wave's Q1 Performance D-Wave's latest financial performance has been just as eye-catching as its stock surge, and a key driver behind the rally. On May 8, the company delivered a blowout first-quarter earnings report that sent shares soaring 51.2% in a single day. Revenue came in at a record $15 million, representing a jaw-dropping 509% year-over-year increase and beating analyst expectations by roughly 42.9%. The company credited the surge to the sale of a quantum computing system during the quarter, a milestone that not only boosted the top line but also underscored growing commercial demand for its technology. D-Wave's GAAP gross profit for Q1 jumped an astounding 736% year over year to $13.9 million, driven largely by a high-margin system sale that fueled the surge. On the bottom line, D-Wave narrowed its quarterly loss to just $0.02 per share, an encouraging improvement from the $0.09 loss a year ago and ahead of Wall Street's expected $0.05 loss. On top of that, the company closed the quarter with a record $304.3 million in cash on hand as of March 31, 2025. Management expressed confidence that this war chest is more than sufficient to support operations all the way to profitability. CEO Dr. Alan Baratz called the first quarter of 2025 'arguably the most significant in D-Wave's history,' highlighting major strides in bringing real-world quantum value to customers and researchers alike. During the quarter, D-Wave recognized revenue from its first Advantage system sale to a major research institution, advanced another customer application into commercial production, and became the first to demonstrate quantum supremacy on a practical problem. These breakthroughs helped drive a record-setting quarter for both revenue and gross profit. What Do Analysts Expect for D-Wave Stock? Wall Street is buzzing with bullish sentiment for QBTS stock, sticking to a consensus 'Strong Buy' rating overall. Of the six analysts offering recommendations, five give it a solid 'Strong Buy,' and the remaining one gives it a 'Moderate Buy.' Yet, the average analyst price target of $12.33 points to more than 34% downside from current levels, revealing a layer of caution beneath the bullish surface. This gap highlights that the stock's rapid ascent could face a near-term pullback or volatility.
Yahoo
22-05-2025
- Business
- Yahoo
D-Wave Announces General Availability of Advantage2 Quantum Computer, Its Most Advanced and Performant System
Sixth-Generation Quantum Computer Shown to Solve Hard Problems Beyond the Reach of Classical Computers New System Delivers Significant Performance Gains with Greater Coherence and Increased Qubit Connectivity to Better Tackle More Complex Problems at Scale Production-Ready 4,400+ Qubit Annealing Quantum Computer Available Now for Customers' Real-World Use Cases PALO ALTO, Calif., May 20, 2025--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) ("D-Wave" or the "Company"), a leader in quantum computing systems, software, and services, today announced the general availability of its Advantage2TM quantum computing system, a powerful and energy-efficient annealing quantum computer capable of solving computationally complex problems beyond the reach of classical computers. Featuring D-Wave's most advanced quantum processor to date, the Advantage2 system is commercial-grade, and built to address real-world use cases in areas such as optimization, materials simulation and artificial intelligence (AI). "Today marks a significant milestone not just for D-Wave, but for the quantum computing industry as a whole, as we bring to market our sixth-generation quantum computer, a system so powerful that it can solve hard problems outside the reach of one of the world's largest exascale GPU-based classical supercomputers," said Dr. Alan Baratz, CEO of D-Wave. "It's an engineering marvel, with substantial technical advancements that highlight D-Wave's progress in scaling quantum technology to meet industry demands for growing computational processing power while maintaining energy efficiency. We're helping customers realize value from quantum computing right now, and the Advantage2 system represents a remarkable achievement in delivering on that mission." Customers can now access the Advantage2 system via D-Wave's LeapTM real-time quantum cloud service, which is available in more than 40 countries and offers 99.9% availability and uptime, sub-second response times and SOC 2 Type 2 compliance to meet enterprise needs and security requirements. For hyperscalers and supercomputing centers that want to integrate quantum computing into their infrastructure, the Advantage2 system is also available to purchase for on-premises ownership. Advantage2 Quantum Processor Shows Significant Performance Gains over Previous Generation Designed to tackle highly complex computational problems and facilitate quantum and hybrid-quantum applications for production deployment, the Advantage2 system's key benefits include: Increased qubit connectivity: The Advantage2 processor features the Zephyr™ topology with 20-way connectivity, which enables embedding of more complex problems. Higher energy scale and lower noise: The Advantage2 system offers a 40% increase in energy scale and a 75% reduction in noise, which contributes to higher-quality solutions for complex calculations. Greater coherence: A twofold increase in coherence allows the Advantage2 quantum processor to achieve faster time-to-solution. Energy-efficient processing power: D-Wave's quantum computers, including the Advantage2 system, have required the same amount of electricity over six generations—a mere 12.5 kilowatts. Fast anneal: This feature enables coherent quantum annealing at scale, greatly reducing the impact of external disturbances such as thermal fluctuations that can hinder quantum calculations. Hybrid solver integration: Now integrated with the full Advantage2 system, the hybrid solvers in the Leap quantum cloud service—including the powerful nonlinear hybrid solver—support up to two million variables and constraints, allowing businesses to run large-scale, business-critical applications in production. To check out the impressive Advantage2 system benchmarking results, read the whitepaper here. Customer Use Cases Reflect a Diverse Set of Quantum Optimization, Quantum Research and Quantum AI Applications Organizations regularly face the limitations of legacy computing solutions, leading to a growing demand for D-Wave's annealing quantum computing technology to tackle hard problems such as optimizing mobile networks, creating more efficient workforce scheduling, and streamlining automotive manufacturing processes. More than 20.6 million customer problems have been run on the Advantage2 prototypes available in the Leap cloud service since June 2022, with customer use up 134% in the last six months. An Advantage2 prototype was used by Japan Tobacco in a proof-of-concept project that utilized quantum computing and AI in the drug discovery process, and the Jülich Supercomputing Center and Los Alamos National Laboratory have used the prototypes to advance their research. Beginning today, a full-scale generally available Advantage2 system is accessible in the Leap quantum cloud service for all D-Wave customers. In addition, D-Wave continues to expand its fleet of annealing quantum computers hosted around the world. The forthcoming Advantage2 system hosted on-premises at Davidson Technologies is intended to serve as a focal point for national security-focused quantum research. Also, the system currently located at the Jülich Supercomputing Centre (JSC) at Forschungszentrum Jülich (FZJ) will be upgraded to an Advantage2 system and is expected to connect with the JUPITER supercomputer, Europe's first and only exascale HPC, to facilitate breakthroughs in artificial intelligence and quantum optimization applications. Learn more and begin using the D-Wave Advantage2 quantum computer today here. Register to attend a D-Wave webinar on the Advantage2 system on June 10 at 11 a.m. ET here. Support from Leading Industry Voices and Advantage2 Prototype Users Carleton Coffrin, Senior Scientist, Los Alamos National Laboratory (LANL)"I lead a significant R&D effort at LANL to explore the use of analog quantum computers for scientific discovery in condensed matter theory and magnetic materials. We currently use the Advantage2 prototype system, which has yielded a variety of interesting technical results that are currently being prepared for peer review. The team is eager to work on the full-scale Advantage2 system to further this research." Dale Moore, President and CEO, Davidson Technologies"We are thrilled to host an Advantage2 annealing quantum computer on-premises at Davidson headquarters in Huntsville, Alabama. We believe this system offers an important new pathway for the development of quantum optimization applications designed to support mission-critical challenges and national security-focused quantum research." Dr. Masaru Tateno, Chief Scientific Officer of Central Pharma Research Institute at Japan Tobacco"The impact of bringing quantum together with AI could drive new breakthroughs in life sciences, as demonstrated in our recent proof of concept. The project revealed that D-Wave's Advantage2 quantum systems can deliver high quality, low energy samples that could drive enhanced performance in generative AI architectures. We look forward to using the full Advantage2 system to accelerate our efforts in achieving Quantum AI-driven drug discovery." About D-Wave Quantum Inc. D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. We are the world's first commercial supplier of quantum computers, and the only company building both annealing and gate-model quantum computers. Our mission is to help customers realize the value of quantum, today. Our quantum computers, the world's largest, are available on-premises or via the cloud, supported by 99.9% availability and uptime. More than 100 organizations trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to our quantum systems to date, our customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more. Learn more about realizing the value of quantum computing today and how we're shaping the quantum-driven industrial and societal advancements of tomorrow: Forward-Looking Statements Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law. View source version on Contacts Media Contacts: D-WaveAlex Daiglemedia@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
20-05-2025
- Business
- Bloomberg
Stock Movers: D-Wave, Victoria's Secret, Amer
On this episode of Stock Movers: - D-Wave Quantum (QBTS) shares are soaring as the company released its latest quantum computing system. The quantum computer is known as Advantage 2. The company said that this new type of computer can solve complex problems beyond the reach of classical computers. - Victoria's Secret (VSCO) shares are up as the company announced a shareholder rights plan after an investor began acquiring a substantial amount of stock in the lingerie retailer. BBRC International Pte Limited, an entity controlled by Brett Blundy, has increased its position to about 13% of outstanding shares and has a history of acquiring controlling interests in retailers, Victoria's Secret said in a statement. The plan, which is often called a poison pill, will issue one right for each share at the close of business on May 29 and be triggered if an investor acquires 15% of outstanding common stock. It wasn't adopted in response to a proposal to acquire control of the company, Victoria's Secret said. - Amer Sports (AS) shares climbed as much as 21%, the most ever, and to a record high, after the maker of Wilson tennis rackets and Salomon ski boots boosted its adjusted profit forecast for the full year and reported first-quarter results that topped expectations.
