D-Wave reports 83% bookings increase in Asia Pacific quantum business

PALO ALTO/TOKYO - D-Wave Quantum Inc. (NYSE:QBTS), whose stock has surged over 1,850% in the past year according to InvestingPro data, announced an 83% increase in bookings for its annealing quantum computing technology in the Asia Pacific region over the past 12 months, according to a press release statement issued by the company.

The quantum computing firm is set to host its first Qubits Japan 2025 user conference in Tokyo on September 17, focusing on the theme "Quantum Realized" with presentations highlighting practical applications of the technology.

Several customer implementations in the region were highlighted, including Japan Tobacco’s pharmaceutical division signing a new agreement for a quantum AI drug discovery pilot project following a successful proof-of-concept. The project aims to produce novel molecular structures using quantum computing and AI. This expansion aligns with D-Wave’s impressive revenue growth, which InvestingPro data shows reached 120% in the last twelve months, supported by an industry-leading gross profit margin of 82%.

NTT DOCOMO, Japan’s largest mobile phone operator with over 90 million subscribers, reported a 15% reduction in paging signals during peak calling times through a quantum optimization pilot, potentially leading to increased efficiencies and lower infrastructure costs.

D-Wave also mentioned a strategic relationship established in June 2025 with Yonsei University and Incheon Metropolitan City in South Korea to advance quantum computing research and talent development.

"Asia – and especially Japan – is becoming an important epicenter of quantum computing innovation, development and adoption," said Dr. Alan Baratz, CEO of D-Wave, noting that Japan is where the concept of quantum annealing was first proposed by Hidetoshi Nishimori and Tadashi Kadowaki.

The company describes itself as the only firm building both annealing and gate-model quantum computers, with systems deployed both on-premises and through cloud services. With a market capitalization of $6.33 billion and a current trading price of $18.51, InvestingPro analysis suggests the stock is currently trading above its Fair Value. InvestingPro subscribers have access to 13 additional key insights about D-Wave’s financial health and growth prospects.

In other recent news, D-Wave Quantum Inc. reported its second-quarter earnings for fiscal year 2025, revealing a wider-than-expected loss per share but a significant revenue beat. The company posted an earnings per share of -$0.08, missing the forecasted -$0.05, while revenue reached $3.1 million, surpassing expectations of $2.59 million. Piper Sandler raised its price target for D-Wave Quantum to $22.00 from $13.00, maintaining an Overweight rating due to the company’s slightly better-than-expected June quarter earnings. Piper Sandler also noted the benefits D-Wave is experiencing from its Advantage2 system and general quantum computing traction. Meanwhile, Benchmark reiterated its Buy rating and $20.00 price target, highlighting D-Wave’s strong momentum in technology, customer growth, and financial performance. The firm emphasized D-Wave’s expanding customer base and leadership position in annealing quantum computing. These developments reflect the ongoing interest and analysis from financial firms regarding D-Wave Quantum’s performance and potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.