Overview
- IonQ reported third‑quarter revenue of $39.9 million versus roughly $27 million expected, posted a narrower adjusted loss, and raised full‑year guidance to $106 million–$110 million.
- D‑Wave posted Q3 revenue of $3.7 million against about $3.0 million expected with an adjusted loss of $0.05, and highlighted a larger bookings pipeline tied to recent system deals in Europe.
- The Department of Energy announced $625 million to support national quantum research centers over the next five years, reinforcing a policy backdrop that has energized the sector.
- The Commerce Department told Reuters it is not currently negotiating equity stakes in quantum firms, pushing back on prior reports that had fueled speculative gains.
- Rigetti heads into a closely watched Q3 report next week after a year of extreme share swings and scant revenue relative to its valuation, with prior updates citing improved error rates on its latest system.