D-Wave Quantum (NYSE: QBTS) is aggressively expanding its quantum computing footprint through a combination of government funding, commercial deployments, and high-profile corporate partnerships.
The company has executed a definitive agreement with the U.S. Department of Commerce, granting access to up to $100 million in funding under the U.S. CHIPS and Science Act.
This capital injection is expected to accelerate research and development efforts focused on the development and scaling of D-Wave’s annealing and gate-model quantum systems.
On the commercial front, NTT DOCOMO, Japan’s largest mobile operator, has announced the deployment of a second D-Wave-powered quantum computing application in full production.
The new application delivered measurable network improvements, reducing location-registration signals generated when devices crossed tracking-area-list boundaries by 65.3% at the daily peak.
The deployment also reduced paging signals by 7.0%, helping lower overall network signaling load and improving operational efficiency across NTT DOCOMO’s infrastructure.
D-Wave has additionally been awarded up to CAD $300,000 in funding from the National Research Council of Canada’s Applied Quantum Computing Challenge program to advance annealing quantum computing software for commercial applications.
In a separate agreement, AT&T (NYSE: T) announced plans to expand its use of D-Wave’s quantum computing technology, targeting complex optimization challenges across its network operations.
Despite this wave of activity, QBTS shares have lost 36.2% over the past year, underperforming the broader Internet Software industry’s comparatively modest 5.8% decline.
The stock also carries a demanding valuation, trading at a forward 12-month Price-to-Sales ratio of 93.25X, far above the industry average of 4.40X.
Analysts have not revised their loss-per-share estimate for 2026 over the past 30 days, and QBTS currently holds a Zacks Rank of #4, classified as a Sell.
Elsewhere in the quantum computing sector, Rigetti Computing (NASDAQ: RGTI) plans to partner with HPE and the Pittsburgh Supercomputing Center to build the TangleLab supercomputing testbed, backed by a $5 million National Science Foundation grant.
Quantum Computing Inc. (NASDAQ: QUBT) has signed a three-year framework agreement with Hamad Bin Khalifa University in Qatar to collaborate on quantum computing, quantum sensing, and quantum communications.
