D-Wave Quantum (QBTS) is aggressively expanding its quantum computing footprint through a combination of government funding, new partnerships, and commercial deployments.
The company has executed a definitive agreement with the U.S. Department of Commerce, providing access to up to $100 million in funding under the U.S. CHIPS and Science Act.
This agreement is based on a previously announced Letter of Intent and is expected to accelerate research and development for D-Wave’s annealing and gate-model quantum systems.
The funding is specifically targeted at the development and scaling of quantum systems, signaling growing federal confidence in D-Wave’s technology roadmap.
On the commercial side, NTT DOCOMO, Japan’s largest mobile operator, has announced the deployment of a second D-Wave-powered quantum computing application in production.
The new application reduced location-registration signals generated when devices crossed tracking-area-list boundaries by 65.3% at the daily peak, while also reducing paging signals by 7.0%.
These improvements are helping reduce network signaling load and improve operational efficiency for one of the world’s most prominent telecommunications operators.
D-Wave also secured up to CAD $300,000 in funding from the National Research Council of Canada’s Applied Quantum Computing Challenge program to advance annealing quantum computing software for commercial applications.
In a separate development, D-Wave and AT&T (T) announced an agreement under which AT&T will expand its use of D-Wave’s quantum computing technology to address complex optimization challenges across its network operations.
Despite these milestones, QBTS shares have lost 36.2% over the past year, compared with the broader Internet Software industry’s 5.8% decline during the same period.
The stock also carries an expensive valuation, trading at a forward 12-month Price-to-Sales ratio of 93.25X, far above the industry average of 4.40X.
In the past 30 days, the company’s loss per share estimate for 2026 has remained unchanged, and QBTS currently holds a Zacks Rank of No. 4, which translates to a Sell rating.
Elsewhere in the quantum computing sector, Rigetti (RGTI) plans to partner with HPE and Pittsburgh Supercomputing Center to build the TangleLab supercomputing testbed, backed by a $5 million National Science Foundation grant.
Rigetti will deliver a 9-qubit Novera quantum computing system to the new testbed, building on its existing strategic collaboration with HPE to commercialize quantum-enabled high-performance computing systems.
Quantum Computing Inc. (QUBT) has signed a three-year framework agreement with Hamad Bin Khalifa University in Qatar to collaborate on quantum computing, quantum sensing, and quantum communications, further broadening the industry’s global reach.
