Form 8-K

8-K — D-Wave Quantum Inc.

Accession: 0001907982-26-000097

Filed: 2026-07-07

Period: 2026-07-07

CIK: 0001907982

SIC: 7374 (SERVICES-COMPUTER PROCESSING & DATA PREPARATION)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — qbts-20260707.htm (Primary)

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8-K

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0001907982FALSE00019079822026-07-072026-07-07

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________________________________

FORM 8-K

_____________________________________________________________

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 7, 2026

_____________________________________________________________

D-Wave Quantum Inc.

(Exact Name of Registrant as Specified in Its Charter)

_____________________________________________________________

Delaware 001-41468 88-1068854

(State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.)

2650 East Bayshore Road

Palo Alto, California

94303

(Address of principal executive offices)

(650) 285-2881

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

_____________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common stock, par value $0.0001 per share QBTS New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 7.01 Regulation FD Disclosure.

On July 7, 2026, D-Wave Quantum Inc. (“D-Wave” or the “Company”) announced it is one of only two companies named to the Leaders category in the IDC MarketScape: Worldwide Quantum Computing 2026 Vendor Assessment (doc #US54125526, June 2026, the “IDC MarketScape”). The IDC MarketScape evaluated quantum computing companies based on their current capabilities and future strategies.

According to the IDC MarketScape, D-Wave’s key strengths include:

•Broad production deployment footprint. D-Wave’s customer activity extends beyond research experimentation into operational manufacturing, telecommunications, retail, logistics, defense, and research computing workflows. According to D-Wave, more than 200 million problems have been submitted to its systems, the Advantage2TM system usage grew 314% year over year, and the StrideTM hybrid solver usage grew 114% over six months as of early 2026. Public implementations include manufacturing scheduling with Ford Otosan, network optimization with NTT DOCOMO, and workforce scheduling with Pattison Food Group.

•Mature enterprise accessibility and hybrid adoption framework. The LeapTM cloud platform, OceanTM SDK, the Stride hybrid solver, the Leap Quantum LaunchPadTM onboarding program, and a structured training catalog collectively reduce the infrastructure and expertise barriers that most often slow enterprise quantum adoption. Organizations can apply quantum-assisted optimization to problems involving up to 2 million variables without requiring dedicated quantum programming expertise, while guided onboarding programs provide a pathway from initial evaluation to production deployment.

•Extending quantum annealing beyond optimization into scientific simulation. Published research on magnetic materials simulation and quantum dynamics reflects the Company’s active effort to extend quantum annealing into scientific computing domains relevant to materials science, electronics, medical imaging, and physical systems modeling.

The IDC MarketScape also noted that “looking ahead, D-Wave’s roadmap includes both continued scaling of the Company’s quantum annealing systems and expansion into gate-model quantum computing. The planned Advantage3TM system targets a multichip 100,000-qubit architecture. On the gate-model side, D-Wave has stated that technologies developed through its quantum annealing research, including superconducting control systems, cryogenics, and fabrication expertise, form part of the foundation for its emerging gate-model platform strategy following the Quantum Circuits, Inc. acquisition. The Company notes that the dual-rail qubit design enables native error detection at the physical hardware level and delivers high-performance operations with error detection and 99.9%+ gate fidelities.”

According to D-Wave’s CEO, Dr. Alan Baratz, the Company believes that being named a Leader in the IDC MarketScape is powerful validation of D-Wave’s execution, commercial traction, and long-term strategy, and that this recognition affirms that D-Wave is not waiting for the future, but is proving the value of quantum computing today. A copy of the press release is attached as Exhibit 99.1.

The information in this Item 7.01 to this Current Report on Form 8-K, including Exhibit 99.1, is intended to be furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1

Press release, dated July 7, 2026.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 7, 2026

D-Wave Quantum Inc.

By: /s/ Alan Baratz

Name: Alan Baratz

Title: President & Chief Executive Officer

EX-99.1

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Document

D-Wave Is One of Only Two Companies Named to the Leaders Category in the IDC MarketScape:

Worldwide Quantum Computing 2026 Vendor Assessment

PALO ALTO, Calif. — July 7, 2026 — D-Wave Quantum Inc. (NYSE: QBTS), (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model systems, software, and services, today announced it has been named a Leader in the IDC MarketScape: Worldwide Quantum Computing 2026 Vendor Assessment (doc #US54125526, June 2026, the “IDC MarketScape”). The IDC MarketScape evaluated quantum computing companies based on their current capabilities and future strategies.

According to the IDC MarketScape, D-Wave’s key strengths include:

“In D-Wave’s opinion, being named a Leader in the IDC MarketScape is powerful validation of our execution, commercial traction, and long-term strategy,” said Dr. Alan Baratz, CEO of D-Wave. “The market is separating those who can deliver from those still making promises, and this is where D-Wave’s differentiation is unmistakable. We have been clear and consistent that quantum computing must deliver real value, on real problems, for real customers. We also believe this recognition affirms that D-Wave is not waiting for the future. We are proving its value today.”

The IDC MarketScape noted that “D-Wave’s Leap cloud platform provides real-time access to quantum systems and hybrid solvers through a subscription-based model integrated with conventional enterprise development environments. According to D-Wave, the Leap platform operates across more than 40 countries with 99.9% availability, SOC 2 Type 2 certification, and sub-second QPU response times intended to support operational workloads rather than purely experimental access models. Ocean SDK, the Company’s open-source Python toolkit, allows developers to build hybrid quantum applications using familiar programming workflows, while the Stride hybrid solver supports optimization problems involving up to 2 million variables and constraints.”

The report also noted that “D-Wave’s quantum annealing roadmap has progressed from the Company’s original systems through the AdvantageTM system and now the Advantage2 systems, D-Wave’s sixth-generation platform that became generally available in 2025. Across these generations, D-Wave has focused on improving qubit connectivity, coherence, and optimization scalability. The transition from earlier ChimeraTM architectures through the PegasusTM topology to the current ZephyrTM topology has enabled denser graph connectivity and more flexible variable interactions, reducing the amount of problem decomposition required to map real-world optimization problems onto quantum annealing hardware. According to D-Wave, the Advantage2 system improves coherence and energy scaling, supporting larger optimization and materials simulation workloads while improving solution quality and runtime efficiency relative to previous generations.”

The IDC MarketScape noted that “looking ahead, D-Wave’s roadmap includes both continued scaling of the Company’s quantum annealing systems and expansion into gate-model quantum computing. The planned Advantage3TM system targets a multichip 100,000-qubit architecture. On the gate-model side, D-Wave has stated that technologies developed through its quantum annealing research, including superconducting control systems, cryogenics, and fabrication expertise, form part of the foundation for its emerging gate-model platform strategy following the Quantum Circuits, Inc. acquisition. The Company notes that the dual-rail qubit design enables native error detection at the physical hardware level and delivers high-performance operations with error detection and 99.9%+ gate fidelities.” According to the IDC MarketScape, "key roadmap milestones for D-Wave’s gate-model program include a 2030 completion of a 10-logical-qubit system that can support the first fault-tolerant algorithms and a 2032 completion of a 100-logical-qubit system that can support initial quantum chemistry and quantum AI applications.”

“D-Wave’s position as a Leader in the IDC MarketScape reflects its focus on making quantum computing more accessible to enterprise users through a mature software platform that helps lower barriers to adoption,” said Heather West, PhD, senior research manager and global quantum computing research lead at IDC. “By simplifying the user experience and enabling organizations to integrate quantum optimization into existing workflows, D-Wave is helping expand the enterprise customer base for quantum computing today. At the same time, the Company's dual-platform strategy, combining its established quantum annealing technology for optimization with the development of a gate-based platform, broadens its long-term opportunity to address a wider range of enterprise workloads as the market evolves.”

D-Wave believes the recognition comes as organizations increasingly seek practical quantum solutions that can be integrated into existing enterprise and high-performance computing environments. As the IDC MarketScape noted, “as a result, competition is increasingly shifting away from raw qubit counts and toward broader platform maturity. Leading vendors are differentiating through software ecosystems, hybrid quantum integration, structured customer engagement programs, deployment flexibility, and the ability to integrate quantum systems into existing high-performance computing (HPC), AI, and enterprise computing environments. At the same time, the market continues to diversify across multiple qubit modalities and architectural approaches, as vendors pursue different pathways toward scalable error-corrected quantum computing.”

A complimentary excerpt of the IDC MarketScape: Worldwide Quantum Computing 2026 Vendor Assessment is available here.

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. It is the world’s first commercial supplier of quantum computers, and the first and only to offer dual-platform quantum computing products and services, spanning both annealing and gate-model quantum computing technologies. D-Wave’s mission is to help customers realize the value of quantum today through enterprise-grade systems available on-premises and via its Leap™ quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations across commercial, government and research sectors trust D-Wave to address complex computational challenges using quantum computing. Learn more about realizing the value of quantum computing today and how D-Wave is shaping the quantum-driven industrial and societal advancements of tomorrow: www.dwavequantum.com.

About IDC MarketScape

The IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.

Forward-Looking Statements

Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the following words: “believe,” “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “trend,” “estimate,” “predict,” “project,” “potential,” “seem,” “seek,” “future,” “outlook,” “forecast,” “projection,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.

Media Contact:

Alex Daigle

media@dwavesys.com

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