D-Wave’s Bookings Spike Keeps QBTS in Play, but the Revenue Math Still Has to Catch Up

D-Wave Quantum dropped its key number for investors ahead of Tuesday’s open: bookings surged to $33.4 million in the first quarter, a staggering 1,994% jump from the same period last year. That leap got a major lift from Florida Atlantic University’s $20 million order for a system, plus a $10 million, two-year quantum computing-as-a-service contract with a Fortune 100 client. Bookings represent customer orders likely to convert into future revenue—they’re not revenue recognized yet.

IonQ’s Blowout Quarter Still Leaves Wall Street With One Big Question

IonQ’s Blowout Quarter Still Leaves Wall Street With One Big Question

IonQ bumped up its full-year revenue guidance after notching record first-quarter sales, giving investors a clearer sense of whether the quantum-computing specialist can turn interest in its systems into broader commercial gains. The company now forecasts 2026 revenue between $260 million and $270 million, a jump from its previous range of $225 million to $245 million. First-quarter revenue landed at $64.7 million, well ahead of the $49.7 million analyst consensus collected by LSEG.
D-Wave Quantum Stock Slides Before Q1 Earnings as Investors Look for Proof Behind the Rally

D-Wave Quantum Stock Slides Before Q1 Earnings as Investors Look for Proof Behind the Rally

D-Wave Quantum Inc. shares slipped Friday, adding to the pressure ahead of the quantum-computing firm’s first-quarter earnings set for May 12. Investors are eyeing the report for any specifics on demand, especially after a spate of new bookings and swings across the sector. Chief Executive Alan Baratz and Chief Financial Officer John Markovich are set to run through results and guidance during an 8 a.m. Eastern call that day.
Cisco Systems’ Quantum Switch Push Puts Networking Giant in Race for the Next Internet

Cisco Systems’ Quantum Switch Push Puts Networking Giant in Race for the Next Internet

Cisco Systems, Inc. unveiled a switching chip it claims links multiple kinds of quantum computers—staking out a spot in quantum tech while steering clear of making the machines themselves. The San Jose network gear company introduced its prototype, dubbed the Cisco Universal Quantum Switch, saying it’s able to route quantum data via existing telecom fiber and does it all at room temperature.
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