DIA415.36+6.58 1.61%
SPX5,638.94+117.42 2.13%
IXIC17,754.09+451.07 2.61%

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

Benzinga·03/14/2025 15:42:21
Listen to the news

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.

Risk Disclosure: The content of this page is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial circumstances. All investments involve risk and the past performance of securities, or financial products does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing. For more details, please refer to risk disclosure.
During the campaign period, US stocks, US stocks short selling, US stock options, Hong Kong stocks, and A-shares trading will maintain at $0 commission, and no subscription/redemption fees for mutual fund transactions. $0 fee offer has a time limit, until further notice. For more information, please visit:  https://www.webull.hk/pricing
More than 40M Downloads Globally : data based on Webull Technologies Limited's internal statistics as of July 14, 2023.
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
Language

English

©2025 Webull Securities Limited. All rights reserved.