Overview

* D-Wave Q2 fiscal revenue rises 42% yr/yr, beating analyst expectations

* Net loss for Q2 fiscal 2025 increases due to warrant liability charges

* Company ends Q2 with record cash balance of $819.3 mln

Outlook

* Company plans strategic acquisitions with $400 mln ATM offering proceeds

* D-Wave aims to accelerate quantum processor development with cryogenic packaging

* Company focuses on expanding quantum computing adoption in South Korea

* D-Wave highlights strong cash position for future growth initiatives

Result Drivers

* ADVANTAGE2 LAUNCH - Introduction of Advantage2 quantum computer contributed to revenue growth

* STRATEGIC INITIATIVES - Memorandum of understanding in South Korea and developer tools for quantum AI and ML innovation supported business expansion

* CASH BALANCE - Record cash balance achieved through $400 mln equity offering and warrant exercises

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $3.10 $2.52

Revenue mln mln (8

Analysts

)

Q2 Net Miss -$167.33 -$14.60

Income mln mln (5

Analysts

)

Q2 Basic Miss -$0.55 -$0.05

EPS (6

Analysts

)

Q2 Gross $1.98

Profit mln

Q2 -$26.50

Income mln

From

Operatio

ns

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the it services & consulting peer group is "buy"

* Wall Street's median 12-month price target for D-Wave Quantum Inc ( QBTS ) is $20.00, about 12.1% above its August 6 closing price of $17.58

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)