D-Wave Posts 21% Q3 Revenue Growth as It Expands Quantum Footprint in Europe

1 articles · Updated · Yahoo Finance · Nov 14

D-Wave reported 21% third-quarter revenue growth on Nov. 10, underscoring commercial traction for its quantum business despite a far smaller roughly $3.7 billion market value than IonQ's $14.3 billion.
Its momentum rests on quantum annealing systems already used for optimization and sampling tasks in logistics, manufacturing and scheduling—areas where customers can deploy practical applications now.
NTT DOCOMO has rolled out a second production application using D-Wave's hybrid quantum technology in network operations, adding to evidence that the company is winning repeat enterprise use.
Europe is also becoming a bigger part of that push after D-Wave delivered an Advantage2 system to Italy, extending its presence beyond North America and Asia.
The company is also broadening its longer-term bet through its Quantum Circuits acquisition and a gate-model roadmap running to 2032, aiming to pair annealing with more general-purpose quantum computing.