D-Wave Quantum QBTS has established itself as a pioneer in the field of computers and technology by significantly outperforming its competitors International Business Machines IBM and Rigetti Computing RGTI so far this year. While QBTS gained an impressive 470.4%, IBM and RGTI recorded more modest increases of 40.6% and 249.2%, respectively, with the entire sector experiencing an increase of 32.3%.

The crucial advantage of D-Wave Quantum lies in its growing customer base and increasing relevance in the quantum computing market. A central factor is the expanded portfolio in the area of Quantum Computing-as-a-Service, which rose by 41% to 1.6 million dollars in the third quarter of 2024. This development reflects a growing demand for D-Wave’s cloud-based quantum computing services.

During the same period, QBTS introduced Service-Level Agreements for Leap Quantum Cloud customers to meet their needs for high availability, reliability, and performance. These technological advances also impressed national security and civilian agencies, resulting in increased interest from the U.S. Department of Defense and the expansion of international presence, for example through collaboration with NTT DOCOMO in Japan to optimize mobile networks.

The strategic partnerships, especially with Zapata Computing, Japan Tobacco, and Staque, have also contributed significantly to QBTS’s success. With Zapata AI, integrated quantum and generative AI solutions are being developed further to enhance both model training efficiency and energy-efficient business processes.

Overall, D-Wave recorded a noticeable increase in revenue in the third quarter due to an expanded customer base, underscoring the growing recognition of quantum computing-powered solutions in commercial, governmental, and research sectors—with revenues from government customers rising by 66% and from research customers by 47%.