PALO ALTO, Calif. - D-Wave Quantum Inc. (NYSE: QBTS), a quantum computing systems company whose stock has surged over 900% in the past year, announced today the general availability of its Advantage2 quantum computing system. The company, currently valued at $3.84 billion, has demonstrated impressive revenue growth of 121% in the last twelve months. According to InvestingPro analysis, the stock is currently trading above its Fair Value. The new annealing quantum computer, with over 4,400 qubits, is designed to solve complex computational problems that are currently beyond the capabilities of classical computers.
The Advantage2 system is touted to deliver significant performance gains with its advanced quantum processor, which features increased coherence, greater qubit connectivity, and energy-efficient processing power. These technical advancements aim to support real-world applications in optimization, materials science, and artificial intelligence (AI).
Customers can now access the Advantage2 system through D-Wave’s Leap real-time quantum cloud service. The service is available in more than 40 countries, offering high availability and rapid response times, and complies with SOC 2 Type 2 security standards. For clients desiring on-premises integration, the Advantage2 system is also available for purchase.
The new quantum processor boasts 20-way qubit connectivity, a 40% increase in energy scale, and a 75% reduction in noise compared to previous models. Its enhanced coherence is expected to yield faster solutions, and the system’s fast anneal feature is designed to mitigate external disturbances such as thermal fluctuations.
D-Wave’s hybrid solver, integrated with the full Advantage2 system, can handle up to two million variables and constraints, which could enable large-scale, business-critical applications in production environments.
The Advantage2 prototypes have been utilized by more than 20.6 million customer problems since June 2022, reflecting a 134% increase in customer use over the last six months. This growing adoption has contributed to D-Wave’s impressive 83.23% gross profit margin. Noteworthy applications include Japan Tobacco’s use of quantum computing in drug discovery and research advancements at the Jülich Supercomputing Center and Los Alamos National Laboratory. For deeper insights into D-Wave’s financial health and growth prospects, InvestingPro subscribers have access to over 15 additional exclusive ProTips and comprehensive analysis.
The company also plans to expand its fleet of annealing quantum computers globally, with an on-premises Advantage2 system at Davidson Technologies for national security-focused quantum research and an upgrade at the Jülich Supercomputing Centre to facilitate AI and quantum optimization applications. With a strong current ratio of 20.73, D-Wave maintains ample liquidity to support its expansion plans. Discover the complete financial picture and expert analysis in the comprehensive Pro Research Report, available exclusively on InvestingPro.
This announcement is based on a press release statement from D-Wave Quantum Inc.
In other recent news, D-Wave Quantum Inc. reported a strong performance in its first-quarter 2025 earnings, surpassing expectations with an earnings per share (EPS) of -$0.02 compared to the forecasted -$0.06. The company also achieved a significant revenue milestone, reporting $15 million, which far exceeded the anticipated $2.55 million. This marks a 509% year-over-year increase, highlighting D-Wave’s robust growth trajectory. Additionally, the company reported a record gross margin of 92.5%, with the net loss being the lowest since it went public. In analyst coverage, Benchmark raised its price target for D-Wave Quantum to $14, up from $8, following advancements in the company’s operations, including the publication of quantum supremacy results. The analyst firm noted the potential for increased revenue opportunities, particularly in Quantum Computing as a Service (QCaaS). D-Wave also announced its Advantage2 quantum computer demonstrated quantum supremacy, outperforming a top supercomputer in a materials simulation problem. The company continues to develop its 20k and 100k qubit roadmap, with applications in blockchain and AI anticipated to drive future growth.
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