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D-Wave Quantum Launches Advantage2 System, Surpassing 1,200 Qubits

Jun 18, 2025 (24 days ago)
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D-Wave Quantum Launches Advantage2 System, Surpassing 1,200 Qubits
D-Wave Quantum Inc. (QBTS) has launched its Advantage2 system, a fifth-generation quantum computer exceeding 1,200 qubits, marking a significant advancement in quantum annealing technology.

Advantage2 System Launch

  • D-Wave Quantum Inc. has launched Advantage2, its fifth-generation quantum computer, featuring systems that exceed 1,200 qubits1
  • The system is commercially available and represents a major milestone in quantum annealing technology, enabling faster solving of complex optimization problems3

Revenue Growth and Performance

  • The company reported $15.00 million in quarterly revenue, surpassing analyst estimates of $10.50 million4
  • D-Wave also reported earnings per share (EPS) of ($0.02), beating consensus estimates of ($0.05) by $0.034

Leap Platform and Market Adoption

  • The company's Leap platform provides cloud-based access to quantum computing, enabling real-time solutions for optimization challenges3
  • Over 100 companies, including Deloitte, Mastercard, and Lockheed Martin, already use D-Wave's services, highlighting strong market adoption3

Insider Sales and Institutional Ownership

  • CFO John M. Markovich sold 400,000 shares, and CEO Alan E. Baratz sold 845,813 shares, raising concerns about insider sentiment2
  • Institutional ownership stands at 42.47%, with hedge funds and other institutional investors holding a significant stake5

Competitive Landscape and Market Position

  • D-Wave operates in the competitive quantum computing space, alongside players like IonQ, Quantinuum, and Google's Quantum AI unit1
  • The company's focus on quantum annealing positions it uniquely in the market, addressing optimization use cases1

Financial Strategy and Outlook

  • D-Wave announced an ATM offering to issue up to $400 million in common stock, potentially dilutive to existing shareholders2
  • Analysts expect revenue to surge from $9 million in 2024 to $74 million in 2027, reflecting strong growth prospects3
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