Doug Finke

D-Wave Quantum Inc. (NASDAQ: QBTS) has reported its financial results for the second quarter ended June 30, 2026. The Palo Alto-based leader in quantum annealing and gate-model technology highlighted significant commercial traction, peer-reviewed technical breakthroughs published in Nature, and expanded multi-chip roadmaps for both system modalities. The table below summarizes key GAAP financial metrics for Q2 2026 compared with the prior quarter (Q1 2026) and the year-ago quarter (Q2 2025). Amounts in $MQ2'2026Q1'2026Q2'2025% vs Q1'2026% vs Q2'2025Revenue$3.08$2.86$3.10+7.6%-0.6%Operating Expenses$54.98$56.55$28.48-2.8%+93.1%Operating Loss($53.28)($54.73)($26.50)-2.7%+101.0%Net Loss($48.03)($18.36)($167.33)+161.6%-71.3%Cash and Investments$546.22*$588.40*$819.30*-7.2%-33.3% *Note: Cash and Investments aggregates Cash and Cash Equivalents ($296.64M) and Marketable Investment Securities ($249.57M), totaling $546.22M as of [...]

Quemix Inc., a Tokyo-based quantum software and algorithm startup and consolidated subsidiary of TerraSky Co., Ltd., announced it has secured an investment from Honda Motor Co., Ltd. The funding, provided through Honda's global open innovation initiative, Honda Xcelerator Ventures, aims to accelerate the practical deployment of quantum computing for next-generation materials development. This investment builds on an established and successful research partnership between Quemix and Honda. In May 2025, the two companies jointly developed a novel quantum state readout technique, which was followed in June 2026 by a breakthrough quantum algorithm designed to exponentially accelerate Density Functional Theory calculations, a cornerstone [...]

Shanghai-based photonic quantum firm TuringQ has officially initiated pre-IPO tutoring with the Shanghai branch of the China Securities Regulatory Commission, positioning itself as a leading contender in the race to become China’s first publicly listed quantum computing company. Advised by Guotai Haitong Securities, the move reflects both a broader rush among Chinese hard-tech enterprises to tap public capital markets and a pivotal transition for the domestic quantum ecosystem from early-stage venture funding toward commercialization. Founded in February 2021 by legal representative Jin Xianmin and controlled by Shanghai Siliang Quantum Technology, TuringQ has distinguished itself by focusing on photonic quantum architectures rather [...]

Installation of an integrated-photonics surface ion trap into an experimental vacuum system. The National Science Foundation (NSF) has selected a multidisciplinary team led by the University of California, Los Angeles (UCLA) to receive $4 million in funding. Awarded through the NSF’s National Quantum Virtual Laboratory (NQVL) initiative, the grant will support a new project titled FTL: Accelerating Fault-Tolerant Quantum Logic. The project’s central objective is to design a fault-tolerant quantum computer capable of deploying 60 logical (error-protected) qubits, establishing a blueprint for digital quantum simulations that exceed the capabilities of current classical supercomputers. Addressing Environmental Noise Through Logical Qubit Design Contemporary [...]

Stephen DiAdamo, co-founder and CTO of Qoro Quantum, is interviewed by Yuval Boger. DiAdamo discusses Qoro’s position as a software middleware company that abstracts hardware away from applications, walking through the Divi SDK, circuit serialization and parallelization, and an orchestrator that automatically selects between 12 simulation methods on CPU and GPU or dispatches to QPUs from any vendor. They explore how Qoro plugs into HPC schedulers like SLURM rather than replacing them, the CESGA proof of concept built on the CUNQA platform, the “150,000 lines of code to 20” claim, and the argument that multi-QPU centers are needed today for fallback [...]

Passion is Key for Communicating Quantum Overview With the growing momentum and investment in the quantum sector, now is the time to tell a clear and compelling story about this powerful technology. That's the advice from HKA Marketing Communications leaders Cierra Lunde, Director, Strategic Content, and Mike Kilroy, Executive Vice President, who explain why the key to success is passion for quantum. In this episode of The Quantum Spin by HKA, Cierra describes her path to quantum tech and the strategies she uses to make quantum computing understandable for everyone. While Cierra has become a world-class communicator in a relatively short [...]

Recent news items published within the last 6 months on quantum computing developments are listed below. Click on the hyperlinked item to go to the press release or news article for more details. For older news items published in 2025 click here, for 2024 click here, for 2023 click here, for 2022 click here, for 2021 click here, for 2020 click here, for 2019 click here, for 2018 click here, and for items published in 2015-2017, click here. September 12, 2026GÉANT and Quantum Internet Alliance Partner to Advance European Quantum Networking ArchitectureGÉANT and the Quantum Internet Alliance (QIA) have partnered to advance European quantum networking by signing an MoU on [...]

March 31, 2026EPB Joins Southeastern Quantum Collaborative to Support Regional Infrastructure IntegrationEPB has joined the Southeastern Quantum Collaborative (SQC) to coordinate quantum research and workforce development across the region. This partnership utilizes the EPB Quantum Network to transition technologies from laboratories to industrial applications in energy, logistics, and defense. EPB is currently installing an IonQ Forte Enterprise quantum computer, which will provide the first integrated commercial access to both trapped-ion hardware and a photonics-based network. This infrastructure builds on collaborations with Oak Ridge and Los Alamos National Laboratories to develop quantum-resilient communications for power grid management. Read more in our full [...]

By Doug Finke IBM Quantum’s announcement about their intended acquisition of HRL Laboratories is quite important and a little surprising. But if you look at this further, there are good reasons why this makes a lot of sense. Here are our thoughts on this. Technology Transitions If you look at the history of technology development, you will find that it is quite common for a new technology to start off with one type of implementation and then later transition to a much different implementation that provides improved cost, performance, or quality. A good example is the semiconductor industry which started with [...]

IBM has announced two major advancements this past week, spanning both its quantum hardware and software ecosystems. Hardware: 25x Faster Qubit Resets On the hardware front, IBM achieved a 25x speed improvement for qubit resetting on its latest processor. Rapid reset times are critical after a circuit finishes executing, as they prepare the machine for the next run. The faster this occurs, the more circuits the system can execute per second. To quantify this efficiency, IBM introduced a new metric called Max Circuits per Second (MCPS). The company claims that for short circuits, MCPS has jumped from roughly 4,000 to 100,000. [...]