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Quantum Computing Surge: D-Wave Revenue Doubles to $3.7M

2/22/2026

Summary

Story summary

D-Wave, a Palo Alto-based quantum company, reported a 100% year-over-year revenue increase to over $3.7 million.
Rigetti Computing, based in Berkeley, California, has developed quantum systems such as Ankaa-3 and Novera, advancing superconducting quantum integrated circuits.
D-Wave employs a dual approach, combining quantum annealing and gate-model systems to boost performance.
Analysts remain optimistic about growth in quantum computing, projected to reach $19.44 billion by 2035 despite competition and losses.

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Story summary

D-Wave, a Palo Alto-based quantum company, reported a 100% year-over-year revenue increase to over $3.7 million.
Rigetti Computing, based in Berkeley, California, has developed quantum systems such as Ankaa-3 and Novera, advancing superconducting quantum integrated circuits.
D-Wave employs a dual approach, combining quantum annealing and gate-model systems to boost performance.
Analysts remain optimistic about growth in quantum computing, projected to reach $19.44 billion by 2035 despite competition and losses.