Why D-Wave Quantum Stock Popped Thursday Morning
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By Howard Smith – Feb 26, 2026 at 10:25AM ESTKey PointsRevenue and bookings at D-Wave are growing.A new acquisition has also expanded its offerings. NYSE: QBTSD-Wave QuantumMarket Cap$7.3BToday's Changeangle-down(5.45%) $1.07Current Price$20.72Price as of February 26, 2026 at 11:37 AM ETA $20 million order has D-Wave off to a strong start in 2026.D-Wave Quantum (QBTS +5.45%) may be looking to 2026 as its breakout year. The quantum computing company saw revenue grow 179% in 2025, and closed out the year with accelerated bookings. Shares jumped more than 10% after its fourth-quarter report was released. Even after paring some of those gains, D-Wave stock remained higher by 4.7% at 10:22 a.m. ET. Image source: Getty Images. Watching D-Wave bookings It's still early innings for quantum computing stocks. D-Wave is still losing money, but revenue grew 179% in 2025, and bookings accelerated into year-end. D-Wave just closed its first full year after booking its first quantum computer system sale at the end of 2024. D-Wave CEO Dr. Alan Baratz summarized the past year, stating, "Our 2025 results mark one of the most successful and transformative years in D-Wave's history, with meaningful growth across every key business metric -- revenue, bookings, technical milestones, and scientific breakthroughs." It's starting 2026 strong as well. D-Wave said it has generated more than $30 million in order bookings in January alone, as it also closed the acquisition of gate-model quantum computing company Quantum Circuits. ExpandNYSE: QBTSD-Wave QuantumToday's Change(5.45%) $1.07Current Price$20.72Key Data PointsMarket Cap$7.3BDay's Range$20.05 - $21.7052wk Range$4.45 - $46.75Volume949KAvg Vol33MGross Margin82.82% January orders included a $20 million agreement from Florida Atlantic University (FAU) to purchase and install D-Wave's Advantage2TM annealing quantum computer. With shares down more than 20% year to date and real bookings reducing the level of speculation, investors are feeling more comfortable diving into D-Wave stock today. Read NextFeb 25, 2026 •By Adam SpataccoSoftware Bear Market: Should You Buy the Dip in D-Wave Quantum Stock Right Now?Feb 23, 2026 •By Manali Pradhan, CFADown 60%, Should You Buy the Dip on D-Wave Quantum?Feb 22, 2026 •By Rick OrfordD-Wave Quantum Lands A Deal That Could Change Its FutureFeb 19, 2026 •By Will HealyTrybe Capital Loads Up D-Wave Quantum With 1.9 Million Shares BoughtFeb 17, 2026 •By Lyle DalyShould You Buy D-Wave Quantum Stock Before Earnings?Feb 15, 2026 •By Chris Neiger2 Predictions for D-Wave Quantum in 2026About the AuthorHoward Smith is a contributing Motley Fool stock market analyst covering technology and industrial stocks. Prior to The Motley Fool, Howard spent nearly 30 years supervising quality and operations in the steel industry, mostly with leading steel company Nucor. He holds a bachelor’s degree in metallurgical engineering from Lafayette College and a master’s degree in environmental engineering from Johns Hopkins University.TMFBuilt2LastStocks MentionedD-Wave QuantumNYSE: QBTS$20.72 (+5.45%) $+1.07*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.