New York, Feb 26, 2026, 05:14 (EST) — Premarket
- D-Wave Quantum shares up about 7% in early premarket trade after a 5% gain on Wednesday
- Unissant and D-Wave announced a co-selling partnership aimed at U.S. federal agencies
- D-Wave is due to report quarterly and full-year results before the bell, with a call at 8 a.m. ET
D-Wave Quantum Inc shares climbed 7.4% to $21.10 in early premarket trading on Thursday, building on a 5.4% rise in the previous session that left the stock at $19.66. (Public)
The move comes hours before the quantum computing firm reports fourth-quarter and full-year 2025 results, a closely watched update for a stock that has been moving sharply on each new contract or partnership headline. Chief executive Alan Baratz and chief financial officer John Markovich are scheduled to discuss results and outlook at 8:00 a.m. ET. (Dwavequantum)
A fresh headline landed on Wednesday, when Unissant said it struck a co-marketing and co-selling partnership with D-Wave aimed at bringing “quantum-enabled mission solutions” to federal agencies. “The ability to optimize complex systems in real time is becoming a defining requirement,” Unissant COO Alka Bhave said, while Jack Sears, D-Wave’s vice president of government business solutions, said agencies need “practical ways” to apply advanced computing to hard problems. (ACCESS Newswire)
Hybrid quantum-classical is the jargon for blending quantum processors with conventional computers, typically to tackle optimization problems — the “which route, which schedule, which mix” kind — without waiting for fully general-purpose quantum machines.
Investors will also be listening for how management frames demand for its two main tracks: quantum annealing, which is designed for optimization tasks, and gate-model systems, the more flexible approach most researchers see as the long-term path but one that is harder to scale.
Analysts expect D-Wave to post a loss of about 6 cents per share on revenue of roughly $3.72 million, according to Investing.com. TD Cowen analyst Krish Sankar, who initiated coverage this month, wrote that “leadership in quantum annealing is driving growth” through system sales and cloud services. (Investing)
The wider quantum group has been jumpy into earnings. IonQ reported quarterly results on Wednesday and forecast 2026 revenue of $235 million, sending its shares higher in extended trading and sharpening attention on near-term commercialization across the sector. (Investors)
For D-Wave, traders will focus on revenue mix, any update on government and enterprise pipelines, and whether management’s outlook suggests deals are turning into repeatable, higher-volume business rather than one-off projects.
There is a catch. Quantum computing companies remain early-stage businesses, and small swings in contract timing can distort quarterly revenue — a setup that can punish stocks when expectations run ahead of what the numbers can show.
Next up is the company’s results release before the opening bell and the 8 a.m. ET call, where investors will press for detail on bookings, customer adoption and spending plans heading into the rest of 2026.
