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

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(Neutral)
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8-K

Rhea-AI Filing Summary

D-Wave Quantum Inc. reports a major hardware breakthrough in gate-model quantum computing, with a peer-reviewed Nature paper demonstrating a fast, high-fidelity two-qubit entangling gate using its superconducting dual-rail qubit architecture. The experiment achieved approximately 99.9% fidelity with gate times of about 500 nanoseconds, enabled by native hardware-level error detection.

Simulations indicate the dual-rail architecture could reduce the logical error rate by as much as a factor of 10 for each increment in error correction, lowering physical qubit overhead for fault-tolerant systems. D-Wave links these results to its gate-model roadmap targeting a 100-logical-qubit system capable of performing more than 1 million operations by 2032, with an error reduction rate Lambda of 10, while continuing its dual-platform strategy in annealing and gate-model quantum computing.

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Filing Explained

The filing documents a demonstrated gate, not a completed fault-tolerant system; D-Wave’s 100-logical-qubit target remains set for 2032.

This 8-K reports that on August 5, 2026, D-Wave Quantum announced a Nature paper demonstrating a two-qubit gate; the evidence advances a development path, but does not establish completion of a fault-tolerant system.

As an 8-K, the filing reports a specified material event, and this Item 7.01 announcement and Exhibit 99.1 were furnished rather than deemed filed for Section 18 purposes.

The company says the demonstrated gate is already integrated into its gate-model systems, with comparable performance, while the reported research and simulations remain evidence supporting the architecture.

D-Wave’s stated roadmap targets completion in 2032 of a 100-logical-qubit system capable of more than 1 million operations, so that target—not this filing—is the named completion milestone.

Progress toward the 2032 roadmap target is the specific milestone that would show whether the demonstrated research foundation becomes the described commercial fault-tolerant system.

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.
Two-qubit gate fidelity 99.9% Approximate fidelity during two-qubit operations in the Nature-reported experiment
Two-qubit gate time 500 nanoseconds Approximate gate time for the demonstrated two-qubit entangling operations
Logical error-rate reduction factor of 10 Simulated reduction in logical error rate for each increment in error correction
Target logical qubits 100 logical qubits Planned capacity of gate-model system in D-Wave's roadmap
Target completion year 2032 Roadmap year for completing a 100-logical-qubit gate-model system
Planned operations more than 1 million operations Target number of successful operations for the 100-logical-qubit system
Error reduction rate Lambda 10 Target Lambda, measuring how rapidly errors fall with added correction
Leap cloud availability 99.9% Availability and uptime of D-Wave's Leap quantum cloud service
fault-tolerant quantum computing technical
"advancing the path to practical, fault-tolerant gate-model 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.
two-qubit entangling gate technical
"demonstrates a fast, high-fidelity, two-qubit entangling gate"
A two-qubit entangling gate is a basic operation in a quantum computer that links two quantum bits so their states become correlated in a way impossible for ordinary bits. Think of it like a controlled handshake between two tiny switches that makes their outcomes depend on each other; those linked outcomes power quantum algorithms. It matters to investors because the quality and number of reliable entangling gates determine a device’s ability to run useful quantum programs, affecting performance, error rates, and commercial potential.
dual-rail architecture technical
"D-Wave’s superconducting dual-rail qubit architecture"
quantum error correction technical
"designed to support efficient quantum error correction"
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 error rate technical
"could reduce the logical error rate by as much as a factor of 10"
Lambda technical
"D-Wave’s roadmap is targeting an error reduction rate, or Lambda, of 10"

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FAQ

What research breakthrough did D-Wave Quantum (QBTS) announce on August 5, 2026?

D-Wave Quantum announced a Nature-published breakthrough demonstrating a fast, high-fidelity two-qubit entangling gate on its superconducting dual-rail architecture. The work supports efficient quantum error correction and advances its path toward practical, fault-tolerant gate-model quantum computing.

What performance metrics did D-Wave Quantum's (QBTS) new two-qubit gate achieve?

The two-qubit entangling gate achieved approximately 99.9% fidelity with gate times of about 500 nanoseconds. These results were enabled by native hardware-level error detection and are presented as a key step toward scalable, fault-tolerant gate-model quantum computing.

How does D-Wave Quantum (QBTS) say this advance affects quantum error correction?

D-Wave reports simulations indicating its dual-rail architecture could reduce the logical error rate by as much as a factor of 10 for each increment in error correction. This would significantly reduce physical qubit overhead needed for fault-tolerant quantum computing as systems scale.

What long-term gate-model roadmap did D-Wave Quantum (QBTS) describe?

D-Wave outlined a gate-model roadmap targeting completion by 2032 of a 100-logical-qubit system capable of successfully performing more than 1 million operations. The roadmap targets an error reduction rate, Lambda, of 10 as error-correction capability increases.

What is D-Wave Quantum's (QBTS) dual-rail architecture and why is it important?

D-Wave's superconducting dual-rail architecture is designed to create a favorable error hierarchy where common errors are easiest to correct. The new research shows this hierarchy is preserved during two-qubit operations, supporting scalable quantum error correction with substantially lower hardware overhead.

How does this breakthrough fit D-Wave Quantum's (QBTS) overall strategy?

The research advances D-Wave's dual-platform strategy of developing both annealing and gate-model quantum systems. The demonstrated entangling gate is already integrated into its gate-model systems, supporting its roadmap toward commercial, fault-tolerant quantum computing across complex problem domains.

How widely are D-Wave Quantum's (QBTS) systems currently used?

D-Wave states that more than 100 organizations across commercial, government, and research sectors use its quantum systems. Access is provided via on-premises deployments and the Leap cloud service, which offers 99.9% availability and uptime for enterprise-grade quantum computing.
0001907982FALSE00019079822026-08-052026-08-05

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): August 5, 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 shareQBTSThe Nasdaq Stock Market LLC
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 August 5, 2026, D-Wave Quantum Inc. (“D-Wave”) announced a major research breakthrough advancing the path to practical, fault-tolerant gate-model quantum computing. Published in the peer-reviewed scientific journal Nature, the research demonstrates a fast, high-fidelity, two-qubit entangling gate that preserves the error-correction advantages of D-Wave’s superconducting dual-rail qubit architecture. The results address one of the industry’s most consequential challenges by reducing the immense quantum and classical hardware overhead typically required to detect and correct quantum errors as systems scale.

The paper, “An entangling gate for dual-rail erasure qubits,” details a new two-qubit entangling gate, a fundamental building block of quantum computation, designed to support efficient quantum error correction. The research demonstrates approximately 99.9% fidelity during two-qubit operations, with fast gate times of about 500 nanoseconds, enabled by native hardware-level error detection. Leveraging these results, D-Wave simulations indicate its dual-rail architecture could reduce the logical error rate by as much as a factor of 10 for each increment in error correction, significantly reducing the physical qubit overhead required for fault-tolerant quantum computing.

According to D-Wave’s CEO, Dr. Alan Baratz, this research demonstrates that D-Wave’s dual-rail architecture combines fast superconducting operations with high-fidelity performance while preserving native hardware-level error detection. D-Wave believes this work confirms that its path to commercial fault-tolerant quantum computing is practical and achievable. 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 August 5, 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: August 5, 2026
D-Wave Quantum Inc.
By:/s/ Alan Baratz
Name:Alan Baratz
Title:President & Chief Executive Officer





D-Wave Demonstrates Major Hardware Breakthrough for Quantum Error Correction, Advancing the Path to Practical, Fault-Tolerant Gate-Model Quantum Computing
New peer-reviewed paper published in Nature confirms D-Wave’s gate-model technology can deliver efficient quantum error correction with significantly lower hardware overhead as systems scale
Research validates D-Wave's dual-rail technology as a scalable foundation for commercial, fault-tolerant gate-model quantum computing
PALO ALTO, Calif. — August 5, 2026 — D-Wave Quantum Inc. (Nasdaq: 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 major research breakthrough advancing the path to practical, fault-tolerant gate-model quantum computing. Published in the peer-reviewed scientific journal Nature, the research demonstrates a fast, high-fidelity, two-qubit entangling gate that preserves the error-correction advantages of D-Wave’s superconducting dual-rail qubit architecture. The results address one of the industry’s most consequential challenges by reducing the immense quantum and classical hardware overhead typically required to detect and correct quantum errors as systems scale.
The paper, “An entangling gate for dual-rail erasure qubits,” details a new two-qubit entangling gate, a fundamental building block of quantum computation, designed to support efficient quantum error correction. The research demonstrates approximately 99.9% fidelity during two-qubit operations, with fast gate times of about 500 nanoseconds, enabled by native hardware-level error detection. Leveraging these results, D-Wave simulations indicate its dual-rail architecture could reduce the logical error rate by as much as a factor of 10 for each increment in error correction, significantly reducing the physical qubit overhead required for fault-tolerant quantum computing.
“Gate-model quantum computing’s greatest remaining challenge is not simply building more qubits. It is building systems that can correct errors efficiently as they scale,” said Dr. Alan Baratz, CEO of D-Wave. “Superconducting quantum computers are known for speed, but achieving the high fidelity needed for scalable, fault-tolerant systems has remained a challenge. This research demonstrates that our dual-rail architecture combines fast superconducting operations with high-fidelity performance while preserving native hardware-level error detection. We believe that this work confirms our path to commercial fault-tolerant quantum computing is practical and achievable.”
Removing a Major Barrier to Fault-Tolerant Quantum Computing
Quantum information is inherently fragile and highly susceptible to errors, making efficient quantum error correction essential for the development of reliable, fault-tolerant gate-model quantum computers. In many gate-model architectures, correcting those errors requires large numbers of additional physical qubits and operations, creating substantial engineering complexity, cost, and performance constraints. D-Wave’s dual-rail architecture is designed to create a favorable error hierarchy in which the most common quantum errors are also the easiest to correct. The newly published research demonstrates that this favorable error hierarchy is preserved during two-qubit operations, with the technology maintaining both speed and high fidelity. The results establish an important foundation for scalable quantum error correction with substantially lower hardware overhead.
“The entangling gate demonstrated through this research is already integrated into our gate-model systems, where it is delivering comparable performance,” said Dr. Robert Schoelkopf, chief scientist at D-Wave. “We believe these results provide strong evidence that the core architectural principles underpinning our gate-model development roadmap can deliver the speed, fidelity and error-correction efficiency required for practical, fault-tolerant quantum computing.”
The research supports D-Wave’s recently announced gate-model development roadmap, which targets a 2032 completion of a 100-logical-qubit system capable of successfully performing more than 1 million operations. The roadmap brings together D-Wave’s superconducting dual-rail architecture and integrated cryogenic control technology to enable more efficient error detection and awareness as systems scale. D-Wave’s roadmap is targeting an error reduction rate, or Lambda, of 10. Lambda is a measure of how rapidly a quantum computer’s errors are reduced as more error-correction capability is added. A Lambda of 10 means the system becomes 10 times more reliable with each increment in error correction, making it possible to achieve low logical error rates required for fault-tolerant quantum computing with far fewer physical qubits. 






“Building a fault-tolerant quantum computer requires systematically solving a series of difficult scientific and engineering challenges, with each success bringing us closer to a scalable system,” said Dr. Trevor Lanting, chief development officer at D-Wave. “This research demonstrates one of the foundational capabilities of our dual-rail architecture and brings us an important step closer to fault-tolerant gate-model quantum computing.”

The research further advances D-Wave’s dual-platform strategy of developing complementary annealing and gate-model quantum computing technologies to address the full range of computationally complex problems.

Read the paper, “An entangling gate for dual-rail erasure qubits,” in Nature
here.

Learn more about D-Wave’s gate-model quantum computing
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




Filing Exhibits & Attachments

4 documents