D Wave Quantum Stock Price, News & Analysis

D-Wave (NYSE: QBTS) announced an agreement to acquire Quantum Circuits for a total purchase price of $550 million ($300 million in D-Wave common stock and $250 million in cash).

The deal combines D-Wave’s annealing systems, scalable superconducting control, and cloud platform with Quantum Circuits’ dual-rail error-detection gate-model technology. The combined company plans an initial dual-rail gate-model system to be generally available in 2026 and expects accelerated progress toward scaled, error-corrected gate-model products. Closing is expected in late January 2026, subject to HSR clearance and NYSE listing approval of issued shares.

D-Wave (NYSE: QBTS) announced a demonstrated breakthrough on January 6, 2026: scalable on-chip cryogenic control of gate-model qubits. The milestone shows D-Wave's multiplexed control technology—previously used in its annealing QPUs—to reduce wiring needed for large qubit counts without degrading qubit fidelity.

Key technical elements include a multichip package that integrates high-coherence fluxonium qubits with a multilayer control chip using superconducting bump bonding and cryogenic packaging, and fabrication work leveraging NASA Jet Propulsion Laboratory processes. The company said this enables smaller footprints for larger processors and noted further updates at Qubits 2026 (Jan 27–28, 2026).

D-Wave (NYSE: QBTS) will participate in CES 2026 as a sponsor of the CES Foundry on January 7–8, 2026 at the Fontainebleau Las Vegas.

D-Wave will showcase its award-winning annealing quantum systems, hybrid quantum-classical solvers, and customer use cases that demonstrate measurable performance benefits in areas such as manufacturing, supply chain, materials science, and telecommunications. Murray Thom will present a masterclass and demo on January 7, 1:00–1:30 PM PT. D-Wave will also host demos at booth FT12 and promote its Qubits user conference on January 27–28, 2026 in Boca Raton.

D-Wave (NYSE: QBTS) announced Qubits 2026, its annual quantum computing user conference on January 27–28, 2026 in Boca Raton, Florida.

The event will feature D-Wave executives, customers, industry leaders, and scientists presenting product roadmaps across annealing and gate-model quantum computing, hybrid-quantum solvers, quantum AI, customer case studies across manufacturing, supply chain, aerospace, life sciences, government, and demos. A free virtual livestream will cover the first day.

D-Wave (NYSE: QBTS) has formed a dedicated U.S. government business unit to accelerate adoption of its quantum computing products and services by federal agencies.

Jack Sears Jr. will join as vice president of U.S. government solutions to lead go-to-market, application and secure product development; he brings over 25 years of federal contracting experience and has managed pipelines exceeding $3 billion. D-Wave said its Advantage2 quantum computer is now operational at Davidson Technologies in Alabama and is expected to support mission-critical and eventually sensitive U.S. government workloads.

D-Wave Quantum (NYSE: QBTS) completed redemption of all public warrants on November 19, 2025 (5:00 PM ET).

Of the warrants outstanding before the redemption announcement, 4,746,358 were exercised into approximately 6.9 million shares of common stock at an exercise price of $11.50 each, generating cash proceeds of about $54.6 million to the company. A remaining 270,820 warrants were unexercised and redeemed at $0.01 per warrant for an aggregate $2,708.20. Following the redemption, no warrants remain outstanding; the warrants ceased trading and will be delisted from the NYSE (trading suspension effective November 18, 2025). Common stock continues to trade on the NYSE under QBTS.

D-Wave (NYSE: QBTS) reminded holders that the Company is redeeming all outstanding public warrants to purchase common stock on November 19, 2025 at 5:00 p.m. New York City Time for a redemption price of $0.01 per Warrant. Holders may exercise their Warrants any time through the Redemption Date by contacting their broker. Any unexercised Warrants outstanding at 5:00 p.m. on November 19, 2025 will be void and holders will only be entitled to the Redemption Price.

The Company expects November 17, 2025 to be the last trading day for the Warrants on the NYSE. Exercise procedures and full terms are available in the Company's Form 8-K filed on October 20, 2025. Contact details for the Warrant Agent and investor relations are provided for questions.

D-Wave (NYSE: QBTS) will showcase advances in hybrid quantum technologies at SC25, the international HPC conference in St. Louis from November 16–21, 2025. The company will highlight quantum‑HPC integration, energy‑efficient quantum‑AI use cases, and its Advantage2™ annealing quantum computer.

Murray Thom will present “Quantum Computing: Tackling Hard Problems with Energy‑Efficient Computation” on November 19, 2025, 4:30–5:00 p.m. CST. D‑Wave will exhibit at booth #4632, and its technology will appear in the Jülich Supercomputing Centre booth #505; JSC purchased a D‑Wave annealing quantum computer in February 2025.

D-Wave (NYSE:QBTS) reported Q3 fiscal 2025 results for the quarter ended September 30, 2025, showing accelerating commercial adoption and record liquidity. Q3 revenue was $3.7M (+100% YoY) and YTD revenue was $21.8M (+235% YoY). GAAP gross profit and margins improved sharply (Q3 GAAP gross profit $2.7M; GAAP gross margin 71.4%). Bookings rose to $2.4M in Q3 with a subsequent >$12M closed in new bookings, including a €10M Q4 booking for 50% Advantage2 capacity in Italy. Cash balance reached a record $836.2M. Q3 net loss was $140.0M driven mainly by non-cash warrant remeasurement charges.