D-Wave CEO Says Quantum Computing Is Moving Into Daily Business Operations After $10 Million Deal With Fo - Benzinga
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As the quantum computing industry races to prove commercial viability, D-Wave has established a clear lead. During its recent Investor Day, the company highlighted a landmark two-year, $10 million Quantum Compute-as-a-Service (QCaaS) agreement with a Fortune 100 company.This marks a definitive shift toward real-world ROI. “Commercial use of the quantum computer is using it as a part of your business operations on a daily basis, an integral part of your business operations,” stated D-Wave CEO Dr. Alan Baratz.Speaking to the impact of the recent $10 million deal, Baratz emphasized, “I can tell you, they have moved their first application in production. So it is now running on a daily basis in production, and we are working with them on several other applications.”To support surging enterprise demand, D-Wave has built out a highly scalable infrastructure. The Leap cloud platform is equipped to handle a massive influx of commercial workloads without immediate, capital-intensive expansion.Chief Financial Officer John Markovich revealed the immense operating leverage inherent in their model. “Each one of our production systems can support between $25 million and $30 million of annual QCaaS revenue,” Markovich explained.“We have 4 production systems that are supporting the Leap cloud system today. So that translates to about $100 million to $120 million of annual revenue capacity.”Fueling this commercial momentum is D-Wave's unique position as the only company offering both annealing and gate-model quantum computers.While competitors struggle with slow systems, D-Wave is already solving optimization problems for global brands. D-Wave is signaling that the era of practical quantum computing has officially arrived.Shares of QBTS have advanced by 5.70% year-to-date. It closed 0.33% higher at $27.64 apiece on Thursday, and it was down 1.05% lower in premarket on Friday.Over the last month, QBTS stock was up 32.12%, and it fell 3.79% over the last six months and rose 55.11% over the year. Benzinga’s Edge Stock Rankings indicate that QBTS maintains a weak price trend in the long, medium, and short terms.Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.Image via Shutterstock© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.To add Benzinga News as your preferred source on Google, click here.A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.D-Wave Quantum Inc. (NYSE:QBTS) has officially moved quantum computing from the research lab into the enterprise data center, securing a milestone $10 million contract and unveiling $120 million in revenue capacity for its cloud services.IBM's $10B quantum computing investment and Anderon foundry reshape the sector's competitive landscape for investors tracking quantum stocks.Quantum stocks surged last week after Trump's $2B CHIPS Act quantum push, helping the QTUM ETF cross $5 billion in assets before the rally cooled.