D-Wave Reports 2,000% Bookings Growth, 103% Stock Rally, 30.8% Upside Forecast
QBTS•D-Wave Quantum received Wedbush’s “Outperform” reaffirmation as the company reported nearly 2,000% year-to-date bookings growth and expects up to three system sales this year, driving a 103.1% stock rally since April 1, 2026. Analysts forecast a 30.77% upside, supported by $2 billion CHIPS Act funding for nine quantum firms.
1. Analyst Rating and Outlook
Wedbush reiterated its Outperform rating for D-Wave Quantum and expects the stock to outperform the broader market, projecting a 30.77% upside. This affirmation underscores confidence in the company’s shift from theoretical research to commercial quantum computing applications.
2. Bookings Growth and Commercial Momentum
D-Wave achieved nearly 2,000% year-to-date growth in bookings and anticipates completing up to three system sales over the next year. This surge reflects accelerating demand for its quantum computing hardware, software, and services.
3. Stock Rally Since April
Shares of D-Wave have climbed 103.1% since April 1, 2026, driven by robust bookings growth, system sale expectations, and growing investor interest in practical quantum solutions. The rally highlights increasing market confidence in the company’s commercial trajectory.
4. CHIPS Act Funding
The U.S. Department of Commerce is allocating approximately $2 billion to nine quantum computing firms under the CHIPS and Science Act. This funding extension provides D-Wave with a longer operational runway as it scales its commercial offerings.
