What Are QBTS Stock Investors Overlooking?
D-Wave Quantum (QBTS) reported revenue of $3.1 million for the second quarter of 2026, a figure essentially flat compared to a year earlier. This stagnation stands out given the $5.4 billion valuation investors have placed on the business, a price that appears to anticipate rapid growth. Underneath the top line, cloud subscriptions and professional services actually expanded at double-digit rates during the period. So why did D-Wave's revenue stand still.
D-Wave Quantum (QBTS) reported revenue of $3.1 million for the second quarter of 2026, a figure essentially flat compared to a year earlier. This stagnation stands out given the $5.4 billion valuation investors have placed on the business, a price that appears to anticipate rapid growth. Underneath the top line, cloud subscriptions and professional services actually expanded at double-digit rates during the period. So why did D-Wave's revenue stand still.
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