Sub Banner Image

D-Wave Quantum Stock Surges Following Strong Q4 Bookings Growth: What's Going On?

Movers

Vaishali Prayag

·

March 14, 2025

·

Benzinga

D-Wave Quantum Inc. (NYSE:QBTS) shares are trading higher Friday, continuing after the company on Thursday reported a significant increase in fourth-quarter bookings.

What To Know; The company reported fourth-quarter bookings of $18.3 million, reflecting a 502% increase year over year. Despite the strong bookings growth, D-Wave missed Wall Street estimates on both earnings and revenue. The company posted an adjusted earnings per share loss of 8 cents, which was wider than the expected loss of 7 cents.

For 2025, D-Wave expects revenue to exceed $10 million. A significant portion of this revenue will come from the sale of an Advantage annealing quantum computer. Analysts' consensus estimate for first-quarter revenue is $2.606 million.

D-Wave CEO Alan Baratz highlighted the company's record bookings and cash position, emphasizing recent progress in quantum technology performance over classical computing in real-world applications.

QBTS Price Action: D-wave Quantum shares were up 36.8% at $9.45 at the time of writing, according to Benzinga Pro.

Read Next:

Image via Shutterstock.

More from

Benzinga

More

Movers

Articles

Trending News

Enjoy premium content in your inbox.

You're in! Check your email to learn more.
Oops! Something went wrong while submitting the form.