D-Wave’s Commercial Momentum Is Real, but a Critical Gap Remains

D-Wave (QBTS +0.86%) is showing real signs of commercial momentum as bookings, RPO, and production quantum usage climb. But revenue remains small and uneven, leaving investors with a crucial question: can growing QCaaS usage turn today’s customer commitments into the recurring business needed to support the stock’s valuation?

Stock prices used were the market prices of Aug. 26, 2026. The video was published on Sept. 13, 2026.

Rick Orford has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

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