---
schema_version: "secwatch.filing_event.v1"
accession: "0001907982-26-000127"
form_type: "8-K"
ticker: "QBTS"
cik: "0001907982"
company_name: "D-Wave Quantum Inc."
filed_at: "2026-08-06T11:02:01+00:00"
generated_at: "2026-08-06T11:07:14.814648+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# D-Wave Q2 revenue flat at $3.1M; H1 bookings surge 1,120% to $35.5M

## Summary
- Q2 revenue $3.1M flat YoY; net loss $48.0M ($0.13/sh) vs $167.3M ($0.55) prior year.
- H1 bookings $35.5M, up 1,120% YoY; includes $20M system sale; RPO $40.7M, up 668% YoY.
- GAAP gross margin 55.4% vs 63.8% YoY; Non-GAAP gross margin 64.9% vs 71.8%.
- Adjusted EBITDA loss $37.1M in Q2 vs $20.0M prior year, reflecting increased R&D and go-to-market investment.
- Named Leader in IDC MarketScape; new customer wins include AT&T, Nasdaq Verafin, Unisys; NSF grant $1.57M.

## SEC filing metadata
- accession: 0001907982-26-000127
- form_type: 8-K
- ticker: QBTS
- cik: 0001907982
- company_name: D-Wave Quantum Inc.
- filed_at: 2026-08-06T11:02:01+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1907982/000190798226000127/0001907982-26-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1907982/000190798226000127/qbts-20260806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001907982-26-000127
- JSON: https://secwatch.observer/filing/0001907982-26-000127.json
- Plain text: https://secwatch.observer/filing/0001907982-26-000127.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.