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    Should Quantum Partnership Require Action From D Wave Quantum (QBTS) Investors?

    Simply Wall St·10/30/2026 11:40:04
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    • D-Wave Quantum and LG CNS signed a non-binding memorandum of understanding in October 2026 to apply annealing quantum computing to complex enterprise optimization for sectors including manufacturing, telecoms, finance and retail in South Korea and abroad.
    • The plan to shift customer projects from small proofs of concept into full production deployments highlights D-Wave Quantum’s push toward larger, operationally critical workloads, with LG CNS acting as a systems integration and industry specialist.
    • We will now look at how D-Wave Quantum’s investment narrative could be shaped by this LG CNS focus on production scale optimization.

    Scan how D-Wave Quantum compares with other early stage quantum plays by reviewing the 25 quantum computing stocks that are already chasing real-world enterprise optimization projects.

    D-Wave Quantum Investment Narrative Recap

    To own D-Wave Quantum, you need to believe that enterprise customers steadily move from experiments to repeat, multi year usage of its annealing based systems and cloud services. The LG CNS memorandum of understanding speaks directly to that idea, since it targets real workloads in manufacturing, telecoms, finance and retail rather than small pilots.

    In the short term, the key swing factor is whether proofs of concept convert into recurring QCaaS revenue that can complement lumpy system deals. The biggest near term risk is that spending on R&D and go to market keeps climbing while customers stay stuck in trial phases. That scenario would keep losses elevated and extend the path to profitability.

    The LG CNS announcement links closely to earlier progress delivering the Advantage2 system into Italy as part of the European Q Alliance. One initiative focuses on on premises hardware hubs and national programs. The other emphasizes commercial deployments inside large enterprises. Together they show D-Wave Quantum trying to balance system sales with cloud and services usage.

    In terms of catalysts, the Italian Advantage2 delivery matters because it underlines demand for dedicated quantum infrastructure that can drive large, one off contract value. The LG CNS work leans toward building a wider base of industrial users over time. If those two tracks do not scale, the risk around concentrated, lumpy revenue and ongoing operating losses remains front and center.

    D-Wave Quantum's current loss of $248.7 million is set against analyst expectations for earnings of $23.0 million by 2029. That move implies an earnings swing of about $271.7 million, alongside a projected yearly revenue growth rate of 152.9% that would take sales to an estimated $201.1 million in the same year.

    Discover why D-Wave Quantum's fair value indicates a 205% potential upside to its current price that may not last much longer.

    NasdaqGS:QBTS 1-Year Stock Price Chart
    NasdaqGS:QBTS 1-Year Stock Price Chart

    Exploring Other Perspectives

    One alternate view puts the securities class actions and widening adjusted EBITDA loss front and center. Those analysts already modeled faster revenue expansion of 170.9% a year and earnings of $29.8 million by 2029 before this LG CNS news. You can treat the memorandum as a fresh test of whether that more optimistic D-Wave Quantum story still holds.

    Explore 6 other D-Wave Quantum fair value estimates, including one that suggests up to 1042% upside from the current price.

    Form Your Own Verdict

    Don't just follow the ticker. Dig into the data and build a conviction that's truly your own.

    Looking For More Ideas Beyond D-Wave Quantum?

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