Quantum Computing Stocks: D-Wave Q4 Loss Narrows, Revenue Misses - Investor's Business Daily

D-Wave reported narrowed Q4 losses in February 2026, though revenue fell short of analyst expectations, reflecting ongoing challenges in monetizing quantum annealing technology despite cost-cutting efforts. The company’s financial results highlight a persistent gap between quantum computing’s promise and commercial viability, as enterprise adoption remains slower than projected amid economic uncertainty. D-Wave’s stock reacted with volatility, underscoring investor skepticism about near-term profitability in the quantum sector, even as competitors like IBM and IonQ advance alternative quantum architectures. Management emphasized progress in customer contracts, including government and defense deals, but declined to provide specific revenue guidance for 2026, citing market instability. The earnings call revealed increased R&D spending on hybrid quantum-classical solutions, signaling a strategic shift toward practical applications over pure quantum supremacy claims.