New York, Feb 26, 2026, 05:14 (EST) — Premarket
- D-Wave Quantum climbed roughly 7% early in premarket trading, adding to Wednesday’s 5% advance.
- Unissant and D-Wave are teaming up in a co-selling deal targeting U.S. federal agencies.
- D-Wave will deliver its quarterly and full-year numbers ahead of the bell, with the earnings call set for 8 a.m. ET.
D-Wave Quantum Inc jumped 7.4% to $21.10 in early premarket action Thursday, after adding 5.4% the session before and closing at $19.66. 1
Just ahead of its fourth-quarter and full-year 2025 numbers, the quantum computing company is set for another pivotal update—investors have seen the stock swing wildly with each fresh contract or partnership. Chief executive Alan Baratz and CFO John Markovich will go over the results and outlook at 8:00 a.m. ET. 2
Wednesday brought word that Unissant has teamed up with D-Wave in a co-marketing and co-selling deal, targeting “quantum-enabled mission solutions” for federal clients. “The ability to optimize complex systems in real time is becoming a defining requirement,” said Unissant COO Alka Bhave. D-Wave’s Jack Sears, who heads government business solutions, pointed to a demand for “practical ways” agencies can harness advanced computing to tackle tough challenges. 3
“Hybrid quantum-classical” refers to pairing quantum processors with standard computers, mainly to address optimization challenges—think schedules, routes, or mixes—before fully general-purpose quantum machines arrive.
Investors are keen to hear management’s take on demand for the company’s two main offerings: quantum annealing—for optimization work—and gate-model systems. The latter, while harder to scale, is what most researchers consider the long-term solution thanks to its flexibility.
Wall Street is bracing for D-Wave to report a loss of around 6 cents per share, with revenue estimated near $3.72 million, figures from Investing.com show. TD Cowen’s Krish Sankar, launching coverage earlier this month, said “leadership in quantum annealing is driving growth” via both system sales and cloud offerings. 4
Quantum stocks have been restless ahead of earnings. IonQ posted its latest numbers Wednesday and put out a 2026 revenue outlook of $235 million, a move that lifted its shares in after-hours trading and pushed the spotlight back on how quickly the industry can start pulling in real revenue. 5
Traders eye D-Wave for clues on how much revenue is coming from different streams, and they’ll be watching for any fresh detail on government or enterprise pipelines. Management’s commentary will matter—especially if it hints at customers signing up for ongoing, bigger-ticket business instead of just single projects.
But here’s the catch: quantum computing outfits are still in their early days. Even minor shifts in contract timing might throw quarterly revenue out of whack, which can hit the stocks hard if hopes get too far out in front of the actual numbers.
The company’s results hit before the bell, followed by an 8 a.m. ET call. Investors want details—bookings, customer take-up, and how spending might shift going into the rest of 2026 will be in focus.
