[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-d-wave-extends-skywater-pact-and-lands-a-100-million-chips-award-as-losses-widen-EN":222},{"languages":4,"categories":41,"products":125,"competitors":149},[5,9,13,17,21,25,29,33,37],{"name":6,"code":7,"id":8},"English","EN","TGFuZ3VhZ2U6ZW4=",{"name":10,"code":11,"id":12},"Español","ES","TGFuZ3VhZ2U6ZXM=",{"name":14,"code":15,"id":16},"Português","PT","TGFuZ3VhZ2U6cHQ=",{"name":18,"code":19,"id":20},"日本語","JA","TGFuZ3VhZ2U6amE=",{"name":22,"code":23,"id":24},"한국어","KO","TGFuZ3VhZ2U6a28=",{"name":26,"code":27,"id":28},"Deutsch","DE","TGFuZ3VhZ2U6ZGU=",{"name":30,"code":31,"id":32},"Italiano","IT","TGFuZ3VhZ2U6aXQ=",{"name":34,"code":35,"id":36},"Français","FR","TGFuZ3VhZ2U6ZnI=",{"name":38,"code":39,"id":40},"中文 (中国)","ZH","TGFuZ3VhZ2U6emg=",[42,73,104],{"icon":43,"slug":44,"title":45,"description":46,"featuredLinks":47},"mingcute:stock-line","stock-market-basics","Stock Market Basics","\u003Cp>Beginners' guides and practical tips for understanding stock market investing.\u003C\u002Fp>\n",[48,53,58,63,68],{"url":49,"title":50,"description":51,"ogImage":52},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-makes-stocks-go-up-and-down","What Makes Stocks Go Up and Down | TIKR.com","Understanding what makes stock prices go up and down can help investors better navigate investing. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-makes-stocks-go-up-and-down-banner\u002FWhat-makes-stocks-go-up-and-down-banner.jpg?_i=AA",{"url":54,"title":55,"description":56,"ogImage":57},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fdividend-yield-meaning-formula-example","Dividend Yield: Meaning, Formula, Example | Tikr.com Blog | TIKR.com","The dividend yield is a key metric for investors looking to gauge the income potential of their investments. It measures how much a company pays out in","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FDividend-yield\u002FDividend-yield.png?_i=AA",{"url":59,"title":60,"description":61,"ogImage":62},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmarket-capitalization-definition-formula-and-why-it-matters","Market Capitalization: Definition, Formula, and Why It Matters | TIKR.com","Long-term investors often look at various valuation metrics when deciding whether to invest in a particular company. One helpful metric to evaluate is","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters.png?_i=AA",{"url":64,"title":65,"description":66,"ogImage":67},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fearnings-per-share-definition-formula-and-why-eps-matters","Earnings Per Share: Definition, Formula, and Why EPS Matters | TIKR.com","Earnings Per Share (EPS) represents the portion of a company's net earnings allocated to each share. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEPS-Defiinition-formula-and-why-EPS-matters-1\u002FEPS-Defiinition-formula-and-why-EPS-matters-1.png?_i=AA",{"url":69,"title":70,"description":71,"ogImage":72},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-stock-price-target","What Is a Stock Price Target? | TIKR.com","A price target is a stock's estimated future price. It can help investors quickly find undervalued stocks. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-Stock-Price-Target-2\u002FWhat-is-a-Stock-Price-Target-2.png?_i=AA",{"icon":74,"slug":75,"title":76,"description":77,"featuredLinks":78},"material-symbols:analytics-outline","fundamental-analysis","Fundamental Analysis","\u003Cp>In-depth resources and financial metrics to help you evaluate companies like a pro.\u003C\u002Fp>\n",[79,84,89,94,99],{"url":80,"title":81,"description":82,"ogImage":83},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fshare-repurchase-why-do-companies-buy-back-their-stock","Share Repurchase: Why Do Companies Buy Back Their Stock? | TIKR.com","Share repurchases, or share buybacks, have gained popularity in the last two decades. According to a report from Goldman Sachs, stock buybacks initiated","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e.png?_i=AA",{"url":85,"title":86,"description":87,"ogImage":88},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-invested-capital","What Is a Good Return on Invested Capital? | TIKR.com","Learning about Return on Invested Capital (ROIC) can help investors spot highly profitable stocks that can drive long-term returns. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-Invested-capital\u002FWhat-is-a-good-return-on-Invested-capital.png?_i=AA",{"url":90,"title":91,"description":92,"ogImage":93},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-equity-ratio","What is a Good Return on Equity Ratio | Tikr.com Blog | TIKR.com","Return on Equity (ROE) is a financial ratio that reflects a company's profitability in relation to the equity invested by shareholders. It basically","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-equity-ratio-1\u002FWhat-is-a-good-return-on-equity-ratio-1.jpg?_i=AA",{"url":95,"title":96,"description":97,"ogImage":98},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-p-e-ratio","What Is a Good P\u002FE Ratio? | TIKR.com","Financial analysts and investors look at various metrics before deciding whether a stock is a buy. One of the metrics is the price-to-earnings ratio (P\u002FE","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-PE-ratio-1\u002FWhat-is-a-good-PE-ratio-1.jpg?_i=AA",{"url":100,"title":101,"description":102,"ogImage":103},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Ftop-6-metrics-for-investing-in-reits","Top 6 Metrics for Investing in REITs | TIKR.com","Real estate has been one of the greatest asset classes for wealth creation in history, and investing in Real Estate Investment Trusts (REITs) can allow","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FGroup-10\u002FGroup-10.png?_i=AA",{"icon":105,"slug":106,"title":107,"description":108,"featuredLinks":109},"hugeicons:investigation","investing-lingo","Investing Lingo","\u003Cp>A comprehensive glossary of investing terms and jargon so you can speak the language of the markets confidently.\u003C\u002Fp>\n",[110,115,120],{"url":111,"title":112,"description":113,"ogImage":114},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation","Enterprise Value: Definition and Calculation | Tikr.com Blog | TIKR.com","Enterprise value (EV) is a financial metric that offers a comprehensive snapshot of a company's total value. Unlike market capitalization which solely","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEnterprise-Value-Definition-and-Calculation_37576e40\u002FEnterprise-Value-Definition-and-Calculation_37576e40.png?_i=AA",{"url":116,"title":117,"description":118,"ogImage":119},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Febitda-definition-formula-how-to-use-it","EBITDA: Definition, Formula, How to Use It | TIKR.com","EBITDA stands for earnings before interest, taxes, depreciation and amortization. It's a financial metric commonly used to evaluate a company's financial","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEBITDA-Definition-Formula-How-to-Use-It\u002FEBITDA-Definition-Formula-How-to-Use-It.png?_i=AA",{"url":121,"title":122,"description":123,"ogImage":124},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter","What is the Free Cash Flow Formula and Why Does It Matter | TIKR.com","Free cash flow, or FCF, is the cash a company generates after it accounts for outflows required to maintain business operations and support capital","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-the-free-cash-flow-formula\u002FWhat-is-the-free-cash-flow-formula.png?_i=AA",[126,130,134,137,141,145],{"slug":127,"modified":128,"title":129},"valuation-model-builder","2025-07-03T00:18:53","Value Stocks Quickly and Accurately",{"slug":131,"modified":132,"title":133},"stock-portfolio-tracking","2024-12-02T22:21:28","Monitor Your Portfolio",{"slug":75,"modified":135,"title":136},"2025-01-21T22:10:52","Instantly Analyze Companies with In-Depth Metrics",{"slug":138,"modified":139,"title":140},"stock-screener","2024-12-02T22:13:31","Find the Best Stocks to Buy",{"slug":142,"modified":143,"title":144},"investor-stock-portfolio","2025-01-21T22:02:56","Follow Investment Moves of Top Investors",{"slug":146,"modified":147,"title":148},"analyze-stocks","2025-07-23T16:04:24","Analyze Stocks",[150,154,158,162,166,170,174,178,182,186,190,194,198,202,206,210,214,218],{"slug":151,"title":152,"modified":153},"bloomberg","Bloomberg","2025-01-16T14:23:44",{"slug":155,"title":156,"modified":157},"morningstar","Morningstar","2025-01-16T14:25:16",{"slug":159,"title":160,"modified":161},"sentieo","Sentieo","2025-01-16T17:58:27",{"slug":163,"title":164,"modified":165},"googlefinance","Google Finance","2025-01-17T19:39:37",{"slug":167,"title":168,"modified":169},"tradingview","TradingView","2025-01-16T18:17:01",{"slug":171,"title":172,"modified":173},"factset","Factset","2025-01-16T18:20:16",{"slug":175,"title":176,"modified":177},"finviz","Finviz","2025-01-16T18:23:40",{"slug":179,"title":180,"modified":181},"ycharts","YCharts","2025-01-16T18:32:19",{"slug":183,"title":184,"modified":185},"marketbeat","MarketBeat","2025-03-11T00:27:23",{"slug":187,"title":188,"modified":189},"benzinga","Benzinga","2025-03-11T00:31:00",{"slug":191,"title":192,"modified":193},"gurufocus","Gurufocus","2025-03-11T00:31:12",{"slug":195,"title":196,"modified":197},"fast-graphs","FAST Graphs","2025-03-11T00:31:19",{"slug":199,"title":200,"modified":201},"tipranks","TipRanks","2025-03-11T00:31:26",{"slug":203,"title":204,"modified":205},"seeking-alpha","Seeking Alpha","2025-03-11T00:31:45",{"slug":207,"title":208,"modified":209},"thestreet","TheStreet","2025-03-11T00:31:52",{"slug":211,"title":212,"modified":213},"investing-com","Investing.com","2025-03-11T00:32:00",{"slug":215,"title":216,"modified":217},"zacks","Zacks","2025-03-26T15:40:40",{"slug":219,"title":220,"modified":221},"alphasense","AlphaSense","2025-03-11T00:32:15",{"post":223,"seo":258,"relatedPosts":264,"suggestedPosts":344},{"id":224,"title":225,"date":226,"modified":227,"excerpt":228,"content":229,"wordCount":230,"lang":231,"uri":232,"slug":233,"cloudinaryAssetId":234,"featuredImageOriginalUrl":235,"featuredImageMetadata":236,"author":238,"editor":244,"categories":249,"relatedPosts":255,"seo":256},146288,"D-Wave Extends SkyWater Pact and Lands a $100 Million CHIPS Award as Losses Widen","2026-10-27T13:50:00","2026-10-27T13:29:21","\u003Cp>D-Wave trades below the $14.09 price Washington paid for its stake, as bookings outrun flat revenue before Q3.\u003C\u002Fp>\n","\n\u003Ch3 id=\"h-key-takeaways\" class=\"wp-block-heading\">Key Takeaways\u003C\u002Fh3>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>D-Wave closed at $12, below the $14.09 per share the Commerce Department paid for its stake in September.\u003C\u002Fli>\n\n\n\n\u003Cli>First-half bookings jumped to $35.5 million, but Q2 revenue was flat at $3.1 million and missed estimates.\u003C\u002Fli>\n\n\n\n\u003Cli>Operating expenses rose 93% to $55 million, and cash fell to $546.2 million.\u003C\u002Fli>\n\n\n\n\u003Cli>The November 10 report will show whether the $40.7 million backlog is converting into revenue.\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The U.S. Commerce Department paid $14.09 a share for its stake in \u003Cstrong>D-Wave Quantum (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?fid=1&ref=meufz8&cid=763109&tid=1791908395\">QBTS\u003C\u002Fa>)\u003C\u002Fstrong> in September. Monday’s close was $12, just above the 52-week low of $11.26.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Shares have lost about 41% over the past three months. They now sit roughly 69% below the 52-week high of $38.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">D-Wave is hosting Qubits Asia this week, then reports Q3 on November 10.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Its pitch is a growing order book. Revenue has yet to follow.\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">Washington’s stake is underwater\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">D-Wave finalized its CHIPS and Science Act agreement on September 8 for up to $100 million in funding. The work targets semiconductor processes for both annealing and gate-model systems, including coherence, error rates and advanced packaging.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Commerce received 7,095,721 shares in exchange, a minority, non-controlling stake. D-Wave then filed a resale prospectus for those shares on September 11.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">The rest of the recent news:\u003C\u002Fp>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>An extended multi-year manufacturing agreement with \u003Cstrong>SkyWater Technology (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?fid=1&ref=meufz8&cid=708778565&tid=710760867\">SKYT\u003C\u002Fa>)\u003C\u002Fstrong>, signed October 13.\u003C\u002Fli>\n\n\n\n\u003Cli>A CFO transition, with Greg Golkov serving as acting finance chief.\u003C\u002Fli>\n\n\n\n\u003Cli>A new director, BNP Paribas veteran Bernard Gavgani, on the board and its cybersecurity committee.\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Wall Street’s revenue path assumes a steep ramp from here…\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3026\" height=\"2017\" data-public-id=\"images\u002FTIKR.com_QBTS-D-Wave-Quantum-Inc.-Revenue-1_14638690e43\u002FTIKR.com_QBTS-D-Wave-Quantum-Inc.-Revenue-1_14638690e43.webp\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3026,h_2017,c_scale\u002Ff_webp,q_auto\u002Fv1793107664\u002Fimages\u002FTIKR.com_QBTS-D-Wave-Quantum-Inc.-Revenue-1_14638690e43\u002FTIKR.com_QBTS-D-Wave-Quantum-Inc.-Revenue-1_14638690e43.webp?_i=AA\" alt=\"\" class=\"wp-post-146288 wp-image-146386\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793107664\" data-seo=\"1\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">D-Wave Quantum (QBTS): total revenue, actual and consensus estimates, $ millions, fiscal 2022–2028 (\u003Cstrong>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">TIKR\u003C\u002Fa>\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Analysts expect revenue to compound about 81% a year over the next two years, so system deliveries carry the whole model.\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">Orders are piling up faster\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Q2 revenue was $3.1 million, flat year over year and well below the $4.02 million consensus. Bookings tell a different story.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">First-half bookings hit $35.5 million, up more than 1,120%, helped by a $20 million Advantage2 system sale to Florida Atlantic University. Remaining performance obligations rose 668% to $40.7 million.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">CEO Alan Baratz said in the Q2 release that “D-Wave is translating technical leadership into commercial progress.” The revenue line now has to prove it.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Mix is improving, too. Commercial customers made up 62.4% of Q2 revenue, up from 45.1% a year earlier.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>Rigetti Computing (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?fid=1&ref=meufz8&cid=270093415&tid=1765548085\">RGTI\u003C\u002Fa>)\u003C\u002Fstrong> offers a useful contrast. Its Q2 revenue rose 185% to $5.1 million on system sales, while its gross margin was 43%.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">D-Wave still keeps more of each revenue dollar than its closest rival.\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3026\" height=\"2017\" data-public-id=\"images\u002FTIKR.com_QBTS-D-Wave-Quantum-Inc.-Gross-Margins_1463877f2a4\u002FTIKR.com_QBTS-D-Wave-Quantum-Inc.-Gross-Margins_1463877f2a4.webp\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3026,h_2017,c_scale\u002Ff_webp,q_auto\u002Fv1793107674\u002Fimages\u002FTIKR.com_QBTS-D-Wave-Quantum-Inc.-Gross-Margins_1463877f2a4\u002FTIKR.com_QBTS-D-Wave-Quantum-Inc.-Gross-Margins_1463877f2a4.webp?_i=AA\" alt=\"\" class=\"wp-post-146288 wp-image-146387\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793107674\" data-seo=\"1\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">D-Wave Quantum (QBTS): LTM gross margin (%) vs Rigetti Computing, quarterly, Q2 2024–Q2 2026 (\u003Cstrong>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">TIKR\u003C\u002Fa>\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">D-Wave’s trailing gross margin of 64.2% compares with 34.6% at Rigetti.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>TIKR tracks 17 analysts on D-Wave Quantum. How many say “Buy”?\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">See the full breakdown of Buy, Hold, and Sell ratings on D-Wave Quantum, along with Wall Street’s revenue and earnings estimates, all in one place. More than 500,000 investors use TIKR to research stocks like this one. \u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">See D-Wave Quantum’s Analyst Ratings\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">Cash burn sets the clock\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Spending is outpacing that progress. Operating expenses rose 93% to $55 million in Q2, pushing the operating loss to $53.3 million.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Cash and investments fell to $546.2 million from $819.3 million a year earlier, mostly due to the January acquisition of Quantum Circuits.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Valuation still assumes a lot. At a $4.3 billion market cap, D-Wave trades at about 58x forward revenue and 306x trailing revenue, while the average Street target of $35 implies roughly 3x upside.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">A pending securities class action adds another overhang.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">How long does that cash pile last at this pace?\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3026\" height=\"2017\" data-public-id=\"images\u002FTIKR.com_QBTS-D-Wave-Quantum-Inc.-Total-Cash-And-Short-Term-Investments_146388852de\u002FTIKR.com_QBTS-D-Wave-Quantum-Inc.-Total-Cash-And-Short-Term-Investments_146388852de.webp\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3026,h_2017,c_scale\u002Ff_webp,q_auto\u002Fv1793107694\u002Fimages\u002FTIKR.com_QBTS-D-Wave-Quantum-Inc.-Total-Cash-And-Short-Term-Investments_146388852de\u002FTIKR.com_QBTS-D-Wave-Quantum-Inc.-Total-Cash-And-Short-Term-Investments_146388852de.webp?_i=AA\" alt=\"\" class=\"wp-post-146288 wp-image-146388\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793107694\" data-seo=\"1\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">D-Wave Quantum (QBTS): cash and short-term investments, quarterly, $ millions, Q2 2024–Q2 2026 (\u003Cstrong>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">TIKR\u003C\u002Fa>\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">At roughly $50 million a quarter in operating losses, D-Wave has years of runway, and that buys time for bookings to convert.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">My take: Bookings and backlog growth are the strongest evidence D-Wave has offered in a while. Still, three straight quarters of revenue misses make me want proof before trusting the ramp. I’d buy the story more easily once Q3 revenue starts drawing down that $40.7 million backlog.\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">D-Wave reports Q3 on November 10. Watch revenue against consensus, the timing of the Florida Atlantic system, and whether operating expenses finally level off.\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-so-what-is-d-wave-quantum-stock-actually-worth\" class=\"wp-block-heading\">\u003Cstrong>So what is D-Wave Quantum stock actually worth?\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">TIKR lets you forecast the future price of any stock in less than a minute. Just enter a few assumptions into TIKR’s valuation model and see what D-Wave Quantum could be worth. Start from Wall Street consensus estimates, or adjust the inputs to reflect your own view of the business. It’s free to use. \u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">\u003Cstrong>Value QBTS for free\u003C\u002Fstrong>\u003C\u002Fa>.\u003C\u002Fp>\n\n\n\n\u003Ch3 id=\"h-disclaimer\" class=\"wp-block-heading\">\u003Cstrong>Disclaimer:\u003C\u002Fstrong>\u003C\u002Fh3>\n\n\n\n\u003Cp class=\"wp-block-paragraph\" id=\"h-\">\u003Cem>Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!\u003C\u002Fem>\u003C\u002Fp>\n",862,"en","\u002Fblog\u002Fd-wave-extends-skywater-pact-and-lands-a-100-million-chips-award-as-losses-widen","d-wave-extends-skywater-pact-and-lands-a-100-million-chips-award-as-losses-widen","images\u002FQBTS-stock_1462983b151\u002FQBTS-stock_1462983b151","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793104062\u002Fimages\u002FQBTS-stock_1462983b151\u002FQBTS-stock_1462983b151.png?_i=AA",{"altText":225,"imageCredit":237},"da-kuk and alengo from Getty Images Signature via Canva",{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":243},"Rexielyn Diaz","rexietikr","author","",[],{"name":245,"slug":246,"role":247,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":248},"David Hanson","davidtikr","editor",[],[250],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},"General Investing","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",0,[],{"title":225,"metaDesc":257,"opengraphDescription":257,"twitterTitle":225,"twitterDescription":257},"D-Wave trades below the $14.09 price Washington paid for its stake, as bookings outrun flat revenue before Q3.",{"title":225,"description":257,"twitterTitle":225,"twitterDescription":257,"author":239,"articlePublisher":259,"articlePublishedTime":226,"articleModifiedTime":227,"twitterLabel1":260,"twitterData1":261,"ogTitle":225,"ogDescription":257,"ogUrl":232,"ogImage":235,"ogImageWidth":262,"ogImageHeight":263,"ogImageSecureUrl":235,"ogImageAlt":225,"twitterImage":235},"TIKR.com","Est. reading time","5 minutes",1200,630,[265,282,297,314,329],{"id":254,"title":266,"date":267,"excerpt":268,"wordCount":269,"uri":270,"slug":271,"cloudinaryAssetId":272,"featuredImageOriginalUrl":273,"featuredImageMetadata":274,"author":275,"categories":279,"relatedPosts":281},"Bank Of America Reiterates Buy on Micron Stock As Memory Chip Supply Tightens","2026-10-27 13:48:46","Bank of America kept its buy rating on Micron as memory supply stays tight into 2028. See what it means for Micron stock.",634,"\u002Fblog\u002Fbank-of-america-micron-mu-stock-buy-rating-memory-supply-tightens","bank-of-america-micron-mu-stock-buy-rating-memory-supply-tightens","images\u002FMU-stock-@indigolotos-from-Getty-Images-via-Canva-@claudiodivizia-via-Canva-3\u002FMU-stock-@indigolotos-from-Getty-Images-via-Canva-@claudiodivizia-via-Canva-3","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793099094\u002Fimages\u002FMU-stock-@indigolotos-from-Getty-Images-via-Canva-@claudiodivizia-via-Canva-3\u002FMU-stock-@indigolotos-from-Getty-Images-via-Canva-@claudiodivizia-via-Canva-3.png?_i=AA",{"altText":266},{"name":276,"slug":277,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":278},"Aditya Raghunath","adityatikr",[],[280],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],{"id":254,"title":283,"date":284,"excerpt":285,"wordCount":286,"uri":287,"slug":288,"cloudinaryAssetId":289,"featuredImageOriginalUrl":290,"featuredImageMetadata":291,"author":292,"categories":294,"relatedPosts":296},"Rigetti Sinks 74% From Its High as Q2 Revenue Hits $5.1 Million","2026-10-27 13:40:00","Rigetti trades near a 52-week low ahead of its November 12 report, despite a $100 million CHIPS award.",851,"\u002Fblog\u002Frigetti-sinks-74-from-its-high-as-q2-revenue-hits-5-1-million","rigetti-sinks-74-from-its-high-as-q2-revenue-hits-5-1-million","images\u002FRGTI-stock_14629766ac4\u002FRGTI-stock_14629766ac4","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793103832\u002Fimages\u002FRGTI-stock_14629766ac4\u002FRGTI-stock_14629766ac4.png?_i=AA",{"altText":283},{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":293},[],[295],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],{"id":254,"title":298,"date":299,"excerpt":300,"wordCount":301,"uri":302,"slug":303,"cloudinaryAssetId":304,"featuredImageOriginalUrl":305,"featuredImageMetadata":306,"author":307,"categories":311,"relatedPosts":313},"Carvana Bull Cliff Sosin Sees \"Few Scenarios Where It Works Out Really Badly.\" Margins Decide October 28","2026-10-27 13:32:26","Units are the easy part",1058,"\u002Fblog\u002Fcarvana-bull-cliff-sosin-sees-few-scenarios-where-it-works-out-really-badly-margins-decide-october-28","carvana-bull-cliff-sosin-sees-few-scenarios-where-it-works-out-really-badly-margins-decide-october-28","images\u002F4-7_130951a91f6\u002F4-7_130951a91f6","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1789471538\u002Fimages\u002F4-7_130951a91f6\u002F4-7_130951a91f6.png?_i=AA",{"altText":298},{"name":308,"slug":309,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":310},"Gian Estrada","giantikr",[],[312],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],{"id":254,"title":315,"date":316,"excerpt":317,"wordCount":318,"uri":319,"slug":320,"cloudinaryAssetId":321,"featuredImageOriginalUrl":322,"featuredImageMetadata":323,"author":324,"categories":326,"relatedPosts":328},"PepsiCo Slips 10% in Six Months as Coca-Cola Lifts Its Outlook and KFC Defects","2026-10-27 13:30:00","PepsiCo lags as Coca-Cola lifts its outlook, KFC defects and a cut 2026 EPS guide leans on international growth.",905,"\u002Fblog\u002Fpepsico-slips-10-in-six-months-as-coca-cola-lifts-its-outlook-and-kfc-defects","pepsico-slips-10-in-six-months-as-coca-cola-lifts-its-outlook-and-kfc-defects","images\u002FPEP-stock-1_146295e26e3\u002FPEP-stock-1_146295e26e3","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793103666\u002Fimages\u002FPEP-stock-1_146295e26e3\u002FPEP-stock-1_146295e26e3.png?_i=AA",{"altText":315},{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":325},[],[327],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],{"id":254,"title":330,"date":331,"excerpt":332,"wordCount":333,"uri":334,"slug":335,"cloudinaryAssetId":336,"featuredImageOriginalUrl":337,"featuredImageMetadata":338,"author":339,"categories":341,"relatedPosts":343},"Microsoft Reports October 28 With Hyperscalers Down a Quarter Since May. Cash Flow Is the Test","2026-10-27 13:20:18","Microsoft can still pay its own AI bill. Wednesday shows how much room is left.",1077,"\u002Fblog\u002Fmicrosoft-reports-october-28-with-hyperscalers-down-a-quarter-since-may-cash-flow-is-the-test","microsoft-reports-october-28-with-hyperscalers-down-a-quarter-since-may-cash-flow-is-the-test","images\u002FMicrosoft-Chip-and-Vistra\u002FMicrosoft-Chip-and-Vistra","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792430733\u002Fimages\u002FMicrosoft-Chip-and-Vistra\u002FMicrosoft-Chip-and-Vistra.png?_i=AA",{"altText":330},{"name":308,"slug":309,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":340},[],[342],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],[345,363,381,396,416,431,446,460],{"id":254,"title":346,"date":347,"excerpt":348,"wordCount":349,"uri":350,"slug":351,"cloudinaryAssetId":352,"featuredImageOriginalUrl":353,"featuredImageMetadata":354,"author":355,"categories":357,"relatedPosts":362},"Down 7% In Last 12 Months, Can Affirm Stock Give Better Returns in 2026?","2026-10-27 13:02:00","Affirm stock is down 8% in a year. See what TIKR’s Valuation Model says about AFRM’s upside, with a $97 price target by June 2029.",1112,"\u002Fblog\u002Faffirm-afrm-stock-valuation-2026","affirm-afrm-stock-valuation-2026","images\u002FAFRM-stock-@Marcus-Millo-from-Getty-Images-via-Canva-@Proxima-Studio-via-Canva\u002FAFRM-stock-@Marcus-Millo-from-Getty-Images-via-Canva-@Proxima-Studio-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793017247\u002Fimages\u002FAFRM-stock-@Marcus-Millo-from-Getty-Images-via-Canva-@Proxima-Studio-via-Canva\u002FAFRM-stock-@Marcus-Millo-from-Getty-Images-via-Canva-@Proxima-Studio-via-Canva.png?_i=AA",{"altText":346},{"name":276,"slug":277,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":356},[],[358],{"name":359,"slug":360,"uri":361,"description":242,"postsCount":254},"Valuation","valuation","\u002Fblog\u002Fcategory\u002Fvaluation",[],{"id":254,"title":364,"date":365,"excerpt":366,"wordCount":367,"uri":368,"slug":369,"cloudinaryAssetId":370,"featuredImageOriginalUrl":371,"featuredImageMetadata":372,"author":373,"categories":375,"relatedPosts":380},"Verizon Stock Falls Despite Strong Earnings Beat And Raised Guidance","2026-10-27 12:28:00","Verizon beat subscriber estimates, raised guidance and signed a $2B AWS deal, but shares fell. See what it means for Verizon stock.",599,"\u002Fblog\u002Fverizon-stock-earnings-beat-raised-guidance-aws-deal","verizon-stock-earnings-beat-raised-guidance-aws-deal","images\u002FVZ-stock-@anyaberkut-from-Getty-Images-via-Canva-@metamorworks-from-Getty-Images-via-Canva-1\u002FVZ-stock-@anyaberkut-from-Getty-Images-via-Canva-@metamorworks-from-Getty-Images-via-Canva-1","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793096188\u002Fimages\u002FVZ-stock-@anyaberkut-from-Getty-Images-via-Canva-@metamorworks-from-Getty-Images-via-Canva-1\u002FVZ-stock-@anyaberkut-from-Getty-Images-via-Canva-@metamorworks-from-Getty-Images-via-Canva-1.png?_i=AA",{"altText":364},{"name":276,"slug":277,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":374},[],[376],{"name":377,"slug":378,"uri":379,"description":242,"postsCount":254},"Earnings Updates","earnings-updates","\u002Fblog\u002Fcategory\u002Fearnings-updates",[],{"id":254,"title":382,"date":383,"excerpt":384,"wordCount":385,"uri":386,"slug":387,"cloudinaryAssetId":-1,"featuredImageOriginalUrl":388,"featuredImageMetadata":389,"author":390,"categories":392,"relatedPosts":395},"Novartis Already Paid for Its $1.9 Billion Write-Down. The Raise Is the New Part","2026-10-27 09:08:39","Novartis wrote off 26% of del-desiran but kept $5.5 billion of it on the books, and raised profit guidance while free cash flow fell 18%. Here’s the math.\n",763,"\u002Fblog\u002Fnovartis-already-paid-for-its-1-9-billion-write-down-the-raise-is-the-new-part","novartis-already-paid-for-its-1-9-billion-write-down-the-raise-is-the-new-part","https:\u002F\u002Ftikr1.wpengine.com\u002Fwp-content\u002Fuploads\u002F2026\u002F10\u002FFEATURED-IMAGE-MAKER-1904-600x400.png",{"altText":382},{"name":308,"slug":309,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":391},[],[393],{"name":76,"slug":75,"uri":394,"description":242,"postsCount":254},"\u002Fblog\u002Fcategory\u002Ffundamental-analysis",[],{"id":254,"title":397,"date":398,"excerpt":399,"wordCount":400,"uri":401,"slug":402,"cloudinaryAssetId":403,"featuredImageOriginalUrl":404,"featuredImageMetadata":405,"author":406,"categories":410,"relatedPosts":415},"CleanSpark Stock Fell 39% in October. Its Landlord Bet Now Rides on Meta’s Credit","2026-10-26 21:10:00","CleanSpark won a Buy rating on October 22 that cited its Meta-backed lease, the same day the cost of insuring Meta’s debt hit a record. Shares fell, though less than peers. A signed Texas lease is the test.",882,"\u002Fblog\u002Fcleanspark-stock-fell-39-in-october-its-landlord-bet-now-rides-on-metas-credit","cleanspark-stock-fell-39-in-october-its-landlord-bet-now-rides-on-metas-credit","images\u002F9-16_1460328ff08\u002F9-16_1460328ff08","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046765\u002Fimages\u002F9-16_1460328ff08\u002F9-16_1460328ff08.png?_i=AA",{"altText":397},{"name":407,"slug":408,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":409},"Wiltone Asuncion","wiltonetikr",[],[411],{"name":412,"slug":413,"uri":414,"description":242,"postsCount":254},"Stock Reviews","reviews","\u002Fblog\u002Fcategory\u002Freviews",[],{"id":254,"title":417,"date":418,"excerpt":419,"wordCount":420,"uri":421,"slug":422,"cloudinaryAssetId":423,"featuredImageOriginalUrl":424,"featuredImageMetadata":425,"author":426,"categories":428,"relatedPosts":430},"Block Stock Is Cheaper Than at the End of 2025 Despite Higher Profit Forecasts. Here’s Where It Could Go by 2030","2026-10-26 21:05:00","Wall Street's next-12-month earnings estimate for Block rose 51% this year, while the stock rose 17%. BMO says the multiple is stuck. Block's CFO has said when Neighborhoods should start showing up in Cash App users, and the first report in that window is due November 3.",947,"\u002Fblog\u002Fblock-stock-is-cheaper-than-at-the-end-of-2025-despite-higher-profit-forecasts-heres-where-it-could-go-by-2030","block-stock-is-cheaper-than-at-the-end-of-2025-despite-higher-profit-forecasts-heres-where-it-could-go-by-2030","images\u002F8-15_14603149a44\u002F8-15_14603149a44","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046753\u002Fimages\u002F8-15_14603149a44\u002F8-15_14603149a44.png?_i=AA",{"altText":417},{"name":407,"slug":408,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":427},[],[429],{"name":412,"slug":413,"uri":414,"description":242,"postsCount":254},[],{"id":254,"title":432,"date":433,"excerpt":434,"wordCount":435,"uri":436,"slug":437,"cloudinaryAssetId":438,"featuredImageOriginalUrl":439,"featuredImageMetadata":440,"author":441,"categories":443,"relatedPosts":445},"Disney Stock Rose 10 Sessions in a Row While Bidding $20 Million for Character.AI’s Technology. Here’s Where It Could Go by 2030","2026-10-26 21:00:00","Disney climbed 11% in three weeks, including 10 straight gains, while lining up most of bankrupt Character.AI’s engineers. Thirty-one states and DC now object to the sale rules. Nearly all of October’s gain came from a higher multiple, so the November 17 report has to supply the earnings.",926,"\u002Fblog\u002Fdisney-stock-rose-10-sessions-in-a-row-while-bidding-20-million-for-character-ais-technology-heres-where-it-could-go-by-2030","disney-stock-rose-10-sessions-in-a-row-while-bidding-20-million-for-character-ais-technology-heres-where-it-could-go-by-2030","images\u002F7-16_1460307b672\u002F7-16_1460307b672","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046759\u002Fimages\u002F7-16_1460307b672\u002F7-16_1460307b672.png?_i=AA",{"altText":432},{"name":407,"slug":408,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":442},[],[444],{"name":412,"slug":413,"uri":414,"description":242,"postsCount":254},[],{"id":254,"title":447,"date":448,"excerpt":449,"wordCount":230,"uri":450,"slug":451,"cloudinaryAssetId":452,"featuredImageOriginalUrl":453,"featuredImageMetadata":454,"author":455,"categories":457,"relatedPosts":459},"Pfizer Rose Nearly 21% in 2026 as Its Forward P\u002FE Climbed From About 9 to 11 Times. Here’s What November 3 Has to Show","2026-10-26 20:55:00","Pfizer climbed above Wall Street’s mean price target in October even as its forward EPS estimate fell. The third-quarter report on November 3 is the first test of whether that higher multiple holds.","\u002Fblog\u002Fpfizer-rose-nearly-21-in-2026-as-its-forward-p-e-climbed-from-about-9-to-11-times-heres-what-november-3-has-to-show","pfizer-rose-nearly-21-in-2026-as-its-forward-p-e-climbed-from-about-9-to-11-times-heres-what-november-3-has-to-show","images\u002F6-15_1460299f0d2\u002F6-15_1460299f0d2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046762\u002Fimages\u002F6-15_1460299f0d2\u002F6-15_1460299f0d2.png?_i=AA",{"altText":447},{"name":407,"slug":408,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":456},[],[458],{"name":412,"slug":413,"uri":414,"description":242,"postsCount":254},[],{"id":254,"title":461,"date":462,"excerpt":463,"wordCount":464,"uri":465,"slug":466,"cloudinaryAssetId":467,"featuredImageOriginalUrl":468,"featuredImageMetadata":469,"author":470,"categories":472,"relatedPosts":474},"Pinterest Has Fallen After 4 of Its Last 5 Earnings Reports. Here’s What October 29 Needs to Show","2026-10-26 20:53:00","Pinterest has dropped the session after four of its last five earnings reports, even though it beat revenue estimates in four of those quarters. Its next-quarter outlook has tracked the stock more closely, and its CEO tied the new CFO search to selling ads beyond Pinterest’s own app.",872,"\u002Fblog\u002Fpinterest-has-fallen-after-4-of-its-last-5-earnings-reports-heres-what-october-29-needs-to-show","pinterest-has-fallen-after-4-of-its-last-5-earnings-reports-heres-what-october-29-needs-to-show","images\u002F5-16_1460283708d\u002F5-16_1460283708d","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793046769\u002Fimages\u002F5-16_1460283708d\u002F5-16_1460283708d.png?_i=AA",{"altText":461},{"name":407,"slug":408,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":471},[],[473],{"name":412,"slug":413,"uri":414,"description":242,"postsCount":254},[]]