D-Wave Bookings Soar 1,120% to $35.5 Million as AT&T Expands Quantum Computing Use
Updated
Updated · Yahoo Finance · Aug 19
D-Wave Bookings Soar 1,120% to $35.5 Million as AT&T Expands Quantum Computing Use
1 articles · Updated · Yahoo Finance · Aug 19
Summary
$35.5 million in second-quarter bookings marked a 1,120% jump for D-Wave, signaling a sharp rise in customer interest in its quantum annealing systems.
AT&T helped drive that momentum by broadening its use of D-Wave computers for network optimization, including outage detection and response, technician routing, and planning expansions.
Revenue remains far smaller at $3 million for the quarter, underscoring that bookings are only potential future sales and that demand is still translating unevenly into reported results.
D-Wave is still unprofitable and trades at a rich valuation, with a price-to-sales ratio of 610 versus roughly 8 for the broader technology sector.
The contrast highlights quantum computing's early-stage promise: commercial interest is rising, but recurring revenue and durable profits remain limited.