D-Wave Quantum Earnings Miss Estimates, Revenue Surpasses Consensus

D-Wave Quantum reported a Q2 adjusted net loss of $0.08 per share, a modest improvement from the $0.12 loss a year earlier but shy of analysts' $0.05 loss estimate. Revenue climbed 42% YoY to $3.1 million, topping consensus forecasts. Bookings jumped 92% YoY to $1.3 million, and the company closed the quarter with a record $819 million in cash. Despite the earnings shortfall, strong top-line growth and a hefty cash cushion point to growing market traction.

D-Wave Quantum Inc. (QBTS) reported a Q2 adjusted net loss of $0.08 per share, a modest improvement from the $0.12 loss a year earlier but shy of analysts' $0.05 loss estimate. Revenue climbed 42% year-over-year (YoY) to $3.1 million, topping consensus forecasts. Bookings jumped 92% YoY to $1.3 million, and the company closed the quarter with a record $819 million in cash.

Despite the earnings shortfall, strong top-line growth and a hefty cash cushion point to growing market traction. The company's bookings for the second quarter of fiscal 2025 surged 92% YoY to $1.3 million, and it ended the quarter with a record $819 million in cash. D-Wave's CEO Alan Baratz highlighted several key achievements during the quarter, including the launch of its sixth-generation quantum computer, signing a memorandum of understanding for an on-premises system in South Korea, and completing physical assembly of a previously announced system at Davidson Technologies.

While the company's earnings missed estimates, its revenue growth and cash position suggest a robust market presence. D-Wave's stock has seen significant growth this year, adding about 109.3% since the beginning of 2025 compared to the S&P 500's gain of 7.9%.

Investors should closely monitor the company's earnings outlook and the industry's broader trends to gauge future performance. The Internet - Software industry, to which D-Wave belongs, ranks in the top 28% of Zacks industries, suggesting strong potential for growth.

References:
1. [D-Wave Quantum Inc. (QBTS) Reports Q2 Loss, Beats Revenue Estimates](https://www.nasdaq.com/articles/d-wave-quantum-inc-qbts-reports-q2-loss-beats-revenue-estimates)
2. [D-Wave Quantum Dips After Mixed Q2 Results](https://seekingalpha.com/news/4481256-d-wave-quantum-dips-after-mixed-q2-results)
3. [D-Wave Quantum Non-GAAP EPS of -$0.08 Misses by $0.03, Revenue of $3.1M Beats by $0.56M](https://seekingalpha.com/news/4481209-d-wave-quantum-non-gaap-eps-of--008-misses-by-003-revenue-of-31m-beats-by-056m)