D-Wave Expands Annealing and Gate-Model Platforms via New Deployments
QBTS•D-Wave Quantum has expanded its annealing-based computing platform alongside a growing gate-model program through 2026, with multiple recent customer engagements reinforcing its status as a long-running commercial quantum vendor. On April 7, 2026, Mizuho maintained its Outperform rating for D-Wave but reduced its price target, signaling sustained institutional interest.
1. Platform Expansion
D-Wave has continued building its annealing-based quantum computing platform alongside growing gate-model initiatives through 2026, including multiple customer engagements and platform deployments. The company's long-standing commercial presence and evolving hardware roadmap underscore its leading position in the quantum compute market.
2. Mizuho Coverage
Mizuho initiated Outperform coverage on the quantum compute complex in December 2025 and on April 7, 2026, trimmed its price target for D-Wave while maintaining an Outperform rating. This adjustment reflects continued institutional confidence in D-Wave's hardware development amid shifting capital flows into quantum vendors.
