Full-Time
Updated on 8/23/2026
Delivers quantum computing hardware, software, cloud
$89k - $122k/yr
No H1B Sponsorship
Boca Raton, FL, USA
In Person
Requires a temporary assignment in Burnaby, British Columbia, for up to 180 days, followed by approximately 10% travel.
US Citizenship, US Top Secret Clearance Required
Bachelor's
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D-Wave Systems provides quantum computing hardware, software, and cloud services for real-world business use. It develops practical quantum applications for manufacturing, logistics, biotech, and pharmaceuticals to solve optimization tasks like scheduling, resource allocation, and routing, as well as drug discovery and medical imaging. Access is via its Advantage2 quantum annealing processor (1,200 qubits, 10,000 couplers) delivered through cloud and hybrid workflows that blend quantum and classical computing. The company differentiates itself with an industry-focused portfolio, a mix of hardware, software, consulting, and a developer community, aiming to make quantum computing usable for businesses and to expand its hardware capabilities.
Company Size
201-500
Company Stage
IPO
Headquarters
Boca Raton, Florida
Founded
1999
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Remote Work Options
Flexible Work Hours
Relocation Assistance
D-Wave Quantum stock rose 2% on Friday after BMO Capital initiated coverage with an Outperform rating and $35 price target, suggesting roughly 85% upside. Analyst Harsh Kumar highlighted D-Wave's commercial revenue generation and dual capability across annealing and gate-model quantum systems as competitive advantages. The company reported $35.5 million in bookings during the first half of 2026, up more than 1,120% year-over-year, whilst remaining performance obligations climbed 668% to $40.7 million. However, second-quarter revenue of approximately $3.1 million missed expectations. The company posted a $0.13-per-share loss, wider than the projected $0.09 loss. Despite the bullish analyst coverage, D-Wave requires stronger revenue growth to support its valuation.
D-Wave Quantum and Microsoft both offer exposure to quantum computing, but Microsoft emerges as the stronger investment choice given current market conditions. D-Wave recently saw bookings surge 1,120% to $35.5 million in the second quarter. AT&T expanded its use of D-Wave's quantum annealing technology for network optimisation tasks. However, actual quarterly revenue was only $3 million, and the company remains unprofitable. D-Wave trades at a price-to-sales ratio of 610, far exceeding the technology sector average of 8. This hefty valuation poses significant risk for a company with lumpy revenue and years away from profitability. Microsoft offers quantum computing exposure with substantially less risk. The tech giant's financial strength and diversified business model make it better positioned to weather quantum computing's uncertain development timeline whilst providing stable returns.
The US-China technology race is intensifying as Washington prepares to urge countries in its AI cooperation network to choose between American and Chinese technology ecosystems. This effort builds on Pax Silica, a US-led initiative securing supply chains for AI, semiconductors, and critical minerals. Against this backdrop, four stocks offer exposure to the emerging US-led advanced-technology ecosystem: NVIDIA and Micron Technology in AI, plus D-Wave Quantum and Rigetti Computing in quantum computing. The International Monetary Fund projects 3% global GDP growth in 2026, with AI-driven demand supporting technology-integrated economies despite broader economic headwinds. The Federal Reserve maintained rates at 3.5%-3.75% on 29 July, citing elevated inflation despite strong productivity and capital investment. NVIDIA remains dominant in AI infrastructure, with first-quarter revenues surging 85% year-over-year. The company guided second-quarter revenues of approximately $91 billion, though the outlook excludes Data Center compute revenues from China.
D-Wave Quantum's shares dropped 9% following its second-quarter earnings report on 6 August, prompting Jim Cramer to express surprise that the market had begun caring about earnings. He suggested that realism was setting in for quantum computing stocks after significant rallies. The company reported mixed results. Bookings surged 1,120% in the first half to $35.5 million, driven by agreements with Florida University and a Fortune 100 company. Second-quarter revenue was $3.1 million, with 62% from commercial customers. However, quarterly revenue fell 0.6% year-on-year. Operating expenses more than doubled to $111.5 million in the first half, whilst EBITDA losses widened to $37 million from $20 million. The company's price-to-sales ratio stands at 610.97, with 19.98% of shares short as of July.
D-Wave Quantum has received up to C$300,000 in funding from Canada's National Research Council through its Applied Quantum Computing Challenge programme. The company will use the funds to develop advanced software and algorithms for its Advantage2 annealing quantum computers. Working from its Quantum Centre of Engineering Excellence in Burnaby, British Columbia, D-Wave will create new graph minor-embedding algorithms for its Zephyr topology. These will be integrated into the company's open-source Ocean software development kit. The new algorithms are expected to enable organisations to solve larger, more complex optimisation problems across applications including logistics, manufacturing, scheduling, resource allocation, machine learning, and materials simulation. The project aims to expand the capabilities of D-Wave's dual-platform quantum computing systems, which offer both annealing and gate-model technologies.