TLDR
- D-Wave Quantum stock was up about 5% in Wednesday premarket trading near $18.47.
- CGI and D-Wave announced a strategic partnership covering logistics, transportation and retail.
- CGI will integrate D-Wave’s Advantage2 quantum computer and hybrid solvers into its technology services.
- D-Wave reported first-half bookings of $35.5 million, up more than 1,120% year over year.
- The main risk remains valuation and cash burn, with second-quarter revenue still only $3.1 million.
D-Wave Quantum (QBTS) stock jumped about 5% in Wednesday premarket trading to roughly $18.47. The move followed the announcement of a strategic partnership with global IT services company CGI.
The agreement will bring D-Wave’s quantum computing technology into CGI’s services portfolio. The companies plan to target practical optimization problems across transportation, logistics and retail.
CGI will use D-Wave’s Advantage2 annealing quantum computer and hybrid solvers. The partnership builds on more than a year of work between the two companies.
CGI Opens Another Enterprise Route for D-Wave
Potential transportation applications include train scheduling, rail-network operations and resource allocation. Retail uses could include supply-chain planning, delivery routing and workforce scheduling.
The companies are also targeting industrial production planning, energy-grid optimization and asset maintenance. These are areas where D-Wave argues quantum annealing can complement classical computing.
That commercial focus is important because D-Wave is already trying to prove that quantum computing can solve real-world optimization problems today. Its technology differs from many quantum rivals focused mainly on longer-term gate-model machines.
D-Wave has previously highlighted work with AT&T where its technology reduced one network optimization workload from roughly one hour to under 15 seconds.
The CGI agreement could give D-Wave access to a much wider enterprise customer base. CGI employs roughly 94,000 professionals and maintains alliances with more than 150 technology companies.
D-Wave’s bookings have already accelerated. First-half 2026 bookings reached $35.5 million, up more than 1,120% year over year.
Remaining performance obligations reached $40.7 million, up 668% from a year earlier. More than 100 customers generated revenue during the first half.
Valuation and Cash Burn Remain the Big Risks
Revenue is still small compared with D-Wave’s valuation. Second-quarter revenue was just $3.1 million, essentially unchanged from a year earlier.
The company also recorded a $53.3 million operating loss during the quarter. Research and development spending alone reached $28.2 million.
D-Wave does have substantial funding available. It ended June with about $546 million in liquidity and recently finalized an agreement for up to $100 million from the U.S. Department of Commerce.
Still, continued losses mean future financing and dilution remain risks. Investors also need D-Wave to convert rapidly rising bookings into sustained revenue growth.
The CGI deal strengthens the company’s enterprise-commercialization story, but it does not disclose guaranteed revenue or contract value. The next test is whether partnerships like this translate into larger recurring customer deployments.
Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Sign up today and get 50% OFF full access to our premium stock picks.
Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
