D-Wave Quantum Reports 611% Surge in Bookings and Secures $100 Million CHIPS Act Funding
D-Wave Quantum (QBTS) reported strong third-quarter 2026 financial results, highlighted by a 611% year-over-year increase in nine-month bookings, reaching $37.4 million. The company's remaining performance obligations (RPO) grew to $38.3 million, representing more than a 13x increase compared to the previous year, signaling significant long-term revenue predictability from enterprise contracts. Beyond commercial growth, the company secured up to $100 million in non-dilutive funding through the U.S. CHIPS and Science Act via the Department of Commerce. This capital is earmarked for developing next-generation annealing and gate model quantum computers. Management's dual-platform strategy aims to capture immediate optimization market needs while building toward long-term fault-tolerant computing capabilities.