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D-Wave Quantum (NYSE: QBTS) targets 100 logical qubits by 2032

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Form Type
8-K

Rhea-AI Filing Summary

D-Wave Quantum Inc. is laying out a new gate-model roadmap aimed at commercial, fault-tolerant quantum computing. The plan targets 100 logical qubits capable of performing over one million operations by 2032, using its superconducting dual-rail architecture and quantum error correction.

The roadmap lists staged systems in 2026, 2027 and 2028 that progressively cut error rates, then a 10-logical-qubit fault-tolerant system by 2030 and a 100-logical-qubit system by 2032 to support early quantum chemistry and AI applications. Management highlights that embedded error detection and higher error-reduction rates are intended to reduce the number of physical qubits needed.

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D-Wave outlines an ambitious, staged plan toward fault-tolerant gate-model quantum computing by 2032.

D-Wave Quantum presents a detailed roadmap for gate-model systems built on superconducting dual-rail qubits and quantum error correction. It emphasizes error reduction over raw qubit counts, with intermediate hardware milestones from small physical-qubit systems to logical-qubit machines supporting early commercial workloads.

The company cites 99.9% two-qubit fidelities and dual-rail qubits that can detect about 90% of errors, plus a target Lambda of 10, meaning each increment of error correction would reduce errors tenfold. This contrasts with industry Lambda values around 2 and could lower physical-qubit requirements if achieved.

The milestones through 2032 are forward-looking technical goals rather than immediate revenue drivers, and execution depends on continued progress in superconducting hardware, cryogenic control and cloud delivery. Future disclosures, including the Investor Day materials referenced, will be important to gauge whether experimental results track this roadmap.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
2032 target system 100 logical qubits, >1,000,000 operations Planned gate-model system supporting initial quantum chemistry and AI by 2032
2026 milestone 17 physical qubits System aiming for logical error rates 2x lower than physical error rates in 2026
2027 milestone 49 physical qubits Planned system with an expected 20-fold error reduction over physical error rate
2028 milestone 181 physical qubits Planned system targeting 2,000-fold error reduction, blueprint for fault-tolerant architectures
Two-qubit fidelity 99.9% Demonstrated with error detection; physical errors about once every 1,000 operations
Error detection coverage ≈90% of errors Dual-rail qubits designed to identify most errors as they occur
Lambda target 10 Roadmap goal vs broader industry Lambda values around 2
fault-tolerant quantum computing technical
"a new gate-model roadmap designed to accelerate the development of commercial, fault-tolerant quantum computing"
Fault-tolerant quantum computing is the ability of a quantum computer to keep producing correct results even when its basic parts make mistakes, by detecting and fixing errors and using redundancy so the machine continues to work reliably. For investors, it matters because fault tolerance is the key to scaling quantum machines from experimental demos into practical, revenue-generating systems—think of it like having backups and automatic repairs that make a prototype road-ready and lower the technology’s commercial and technical risk.
dual-rail qubits technical
"combines D-Wave’s expertise in high-coherence dual-rail qubits and quantum error correction"
Dual-rail qubits are a way of encoding quantum information by using two separate physical channels—often two light paths or modes—where the presence of a quantum particle in one channel represents a 0 and in the other represents a 1; a combination of occupancy across both channels encodes superpositions. For investors, this matters because dual-rail designs are a common, hardware-friendly approach to building photonic quantum processors, affecting performance, error rates, and the supply chain for optical components that shape commercialization prospects.
quantum error correction technical
"dual-rail architecture and quantum error correction, with its proven ability to engineer"
Quantum error correction is a set of methods for detecting and fixing mistakes in quantum computers by encoding fragile quantum information across multiple physical parts, much like using multiple copies or checksums to protect a sensitive digital file. For investors, it matters because reliable error correction is a key technical milestone that determines whether quantum machines can scale from experimental devices to practical tools that could disrupt computing, encryption, drug discovery and other industries.
logical qubits technical
"Targeting 100 logical qubits capable of successfully performing over one million operations by 2032"
Logical qubits are reliable information units inside a quantum computer that are built by combining many fragile physical qubits and protective techniques so the data stays correct over time. Think of them like a dependable backup system made from many weak parts: they cost more to create but let the machine run longer and solve real problems. Investors watch logical-qubit counts because they indicate how close a device is to performing useful, error-resistant quantum calculations and therefore to commercial value.
two-qubit fidelities technical
"demonstrated, with error detection, 99.9% two-qubit fidelities, meaning physical errors occur"
Two-qubit fidelities measure how closely a real, two-qubit operation or paired quantum bits match the ideal behavior they are supposed to perform, on a scale where higher numbers mean closer matches and fewer errors. For investors, these numbers indicate how reliable and scalable a quantum processor is: higher two-qubit fidelities reduce the need for costly error correction, speed development of useful applications, and therefore influence the commercial value and timeline for quantum computing products.
Lambda technical
"Lambda is a measure of how rapidly a quantum computer’s errors are reduced as more error-correction capability is added"
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0001907982FALSE00019079822026-06-012026-06-01

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________________________
FORM 8-K
_____________________________________________________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 1, 2026
_____________________________________________________________
D-Wave Quantum Inc.
(Exact Name of Registrant as Specified in Its Charter)
_____________________________________________________________
Delaware001-4146888-1068854
(State or other jurisdiction of incorporation or organization)(Commission File Number)(I.R.S. Employer Identification No.)
2650 East Bayshore Road
Palo Alto, California
94303
(Address of principal executive offices)
(650) 285-2881
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
_____________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.0001 per shareQBTSNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
o


Item 7.01 Regulation FD Disclosure.

On June 1, 2026, D-Wave Quantum Inc. (“D-Wave” or the “Company”) announced a new gate-model roadmap designed to accelerate the development of commercial, fault-tolerant quantum computing. Targeting 100 logical qubits capable of successfully performing over one million operations by 2032, the roadmap combines D-Wave’s expertise in high-coherence dual-rail qubits and quantum error correction, with its proven ability to engineer, scale and commercialize superconducting quantum systems.

The roadmap outlines a progression of technical milestones designed to improve qubit fidelity, advance large-scale computations and support the development of commercially useful quantum applications. Key roadmap milestones include:

•2026: Delivery of a 17-physical-qubit system that supports logical error rates 2 times lower than physical error rates
•2027: Completion of a 49-phsyical-qubit system that can deliver an expected 20-fold error reduction factor over the physical error rate
•2028: Completion of a 181-physical-qubit system that can deliver an expected 2,000-fold error reduction factor over the physical error rate, representing the scalable blueprint for fault-tolerant architectures
•2030: Completion of a 10-logical-qubit system that can support the first fault tolerant algorithms
•2032: Completion of a 100-logical-qubit system capable of successfully performing more than one million operations that can support initial quantum chemistry and quantum AI applications
According to D-Wave’s CEO, Dr. Alan Baratz, the Company’s superconducting dual-rail architecture is a fundamentally different approach to fault-tolerant quantum computing, and D-Wave expects this will position the Company not only to compete, but also to redefine how quickly the technology becomes commercial. A copy of the press release is attached as Exhibit 99.1.

The information in this Item 7.01 to this Current Report on Form 8-K, including Exhibit 99.1, is intended to be furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits
 
Exhibit No.Description
99.1
Press release, dated June 1, 2026.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).





SIGNATURES
           Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 1, 2026
D-Wave Quantum Inc.
By:/s/ Alan Baratz
Name:Alan Baratz
Title:President & Chief Executive Officer






D-Wave Charts a New Course to Fault-Tolerant Quantum Computing with Gate-Model Roadmap
New gate-model roadmap targets 100 logical qubits capable of successfully performing over one million operations by 2032 through scalable superconducting dual-rail architecture and quantum error correction
PALO ALTO, Calif. — June 1, 2026 — D-Wave Quantum Inc. (NYSE: QBTS), (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, today announced a new gate-model roadmap designed to accelerate the development of commercial, fault-tolerant quantum computing. Targeting 100 logical qubits capable of successfully performing over one million operations by 2032, the roadmap combines D-Wave’s expertise in high-coherence dual-rail qubits and quantum error correction, with its proven ability to engineer, scale and commercialize superconducting quantum systems.
“The industry has spent years talking about fault tolerance. We believe D-Wave has a highly differentiated and credible path to achieving it,” said Dr. Alan Baratz, CEO of D-Wave. “Our superconducting dual-rail architecture is a fundamentally different approach to fault-tolerant quantum computing that we expect will position D-Wave not only to compete, but also to redefine how quickly the technology becomes commercial.”
D-Wave believes the future of commercial gate-model quantum computing will be defined not by raw physical qubit counts alone, but by the ability to reliably execute large-scale computations for real-world applications. While much of the industry focuses on scaling physical qubits, D-Wave is pursuing a differentiated approach centered on reducing errors at the hardware level. Its dual-rail qubit architecture embeds error detection directly into the qubits, making errors detectable during computation at the single-qubit level. In contrast to many other gate-model hardware modalities that cannot detect qubit errors, D-Wave’s dual-rail qubits are designed to identify approximately 90% of errors as they occur to dramatically lower the number of physical qubits required to perform error correction. D-Wave has also demonstrated, with error detection, 99.9% two-qubit fidelities, meaning physical errors occur only about once in every 1,000 operations.
The roadmap, which will be shared in detail at D-Wave’s first-ever Investor Day today, outlines a progression of technical milestones designed to improve qubit fidelity, advance large-scale computations and support the development of commercially useful quantum applications. Key roadmap milestones include:
•2026: Delivery of a 17-physical-qubit system that supports logical error rates 2 times lower than physical error rates
•2027: Completion of a 49-phsyical-qubit system that can deliver an expected 20-fold error reduction factor over the physical error rate
•2028: Completion of a 181-physical-qubit system that can deliver an expected 2,000-fold error reduction factor over the physical error rate, representing the scalable blueprint for fault-tolerant architectures
•2030: Completion of a 10-logical-qubit system that can support the first fault tolerant algorithms
•2032: Completion of a 100-logical-qubit system capable of successfully performing more than one million operations that can support initial quantum chemistry and quantum AI applications
D-Wave’s roadmap is built on superconducting technology, which can run quantum error correction cycles 100 to 1000 times faster than neutral atom or trapped ion systems. In addition, the Company views Lambda as a key metric that should be used to measure progress toward fault-tolerant quantum computing. Lambda is a measure of how rapidly a quantum computer’s errors are reduced as more error-correction capability is added. Today, the broader quantum computing industry has demonstrated Lambda values around 2, meaning each increment in error correction reduces errors by about half. D-Wave’s roadmap is targeting a Lambda of 10, a major leap the Company expects will reduce errors far more quickly, by a factor of 10 for each increment in error correction, making it possible to achieve fault-tolerant quantum computing with significantly fewer physical qubits.
Combined with D-Wave’s proprietary on-chip cryogenic control technology, proven superconducting systems expertise and production-ready quantum cloud infrastructure, the Company believes its dual-rail gate-model roadmap presents a fast, efficient, and achievable path to commercial gate-model quantum computing. With more than 15 years of experience designing and building superconducting quantum computing systems, D-Wave has successfully delivered six generations of annealing quantum computers, culminating in its award winning


Advantage2™ system. As the only provider of annealing and gate-model technologies, D-Wave is uniquely positioned to participate in the full addressable quantum computing market.
Learn more about D-Wave’s gate-model roadmap and technology here.
About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. It is the world’s first commercial supplier of quantum computers, and the first and only to offer dual-platform quantum computing products and services, spanning both annealing and gate-model quantum computing technologies. D-Wave’s mission is to help customers realize the value of quantum today through enterprise-grade systems available on-premises and via its Leap™ quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations across commercial, government and research sectors trust D-Wave to address complex computational challenges using quantum computing. Learn more about realizing the value of quantum computing today and how D-Wave is shaping the quantum-driven industrial and societal advancements of tomorrow: www.dwavequantum.com.
Forward-Looking Statements
Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the following words: “believe,” “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “trend,” “estimate,” “predict,” “project,” “potential,” “seem,” “seek,” “future,” “outlook,” “forecast,” “projection,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. 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 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.
Media Contact:
Alex Daigle
media@dwavesys.com




Source: View Original Filing on SEC EDGAR

FAQ

What did D-Wave Quantum (QBTS) announce in this 8-K filing?

D-Wave Quantum announced a new gate-model roadmap toward commercial, fault-tolerant quantum computing. The plan focuses on superconducting dual-rail qubits and quantum error correction, with staged hardware milestones leading to systems that can run large-scale, commercially relevant quantum applications by 2032.

What is D-Wave Quantum (QBTS) targeting with its gate-model roadmap by 2032?

D-Wave is targeting a 100-logical-qubit system capable of successfully performing more than one million operations by 2032. This system is intended to support initial quantum chemistry and quantum AI applications, using superconducting dual-rail qubits and advanced quantum error correction techniques.

What intermediate hardware milestones does D-Wave Quantum (QBTS) plan before 2032?

D-Wave plans a 17-physical-qubit system in 2026, a 49-physical-qubit system in 2027, and a 181-physical-qubit system in 2028. These systems aim to progressively reduce error rates and provide the scalable blueprint for fault-tolerant architectures leading to later logical-qubit machines.

How does D-Wave Quantum’s (QBTS) dual-rail qubit approach address quantum errors?

D-Wave’s dual-rail qubit architecture embeds error detection directly into the qubits, allowing detection of approximately 90% of errors as they occur. Combined with demonstrated 99.9% two-qubit fidelities, this design is intended to dramatically cut the number of physical qubits needed for error correction.

What is Lambda and what Lambda value is D-Wave Quantum (QBTS) targeting?

Lambda measures how quickly errors decrease as more error correction is added. D-Wave notes the broader industry shows Lambda around 2, while its roadmap targets Lambda of 10, aiming for tenfold error reduction with each increment in error correction and fewer physical qubits for fault tolerance.

How does D-Wave Quantum (QBTS) position itself in the quantum computing market?

D-Wave positions itself as the only dual-platform provider of both annealing and gate-model quantum systems, software and services. It highlights more than 15 years of superconducting system development and an established cloud service, aiming to participate across the full addressable quantum computing market.

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