Overview
- D-Wave completed its acquisition of Quantum Circuits, which CEO Alan Baratz called a “watershed moment” for the company.
- Management is aiming to make an initial gate-model system commercially available in 2026, with more roadmap detail expected at the Qubits 2026 conference.
- Quantum Circuits co-founder Dr. Rob Schoelkopf joined D-Wave as Chief Scientist to lead hardware-efficient error-correction efforts.
- Shares fell on concern over planned European tariffs, then pared losses after President Trump said the levies would not take effect and announced an Arctic framework, easing worries about European contracts and refrigeration supply chains.
- Recent analysis highlights modest revenue and ongoing losses alongside about $836 million in cash, underscoring valuation and financing risks despite a sharp 12‑month stock rally.