• D-Wave Quantum Inc. announced the successful completion of a joint proof-of-concept project with BASF, which used hybrid-quantum technology to cut manufacturing production scheduling time from 10 hours to just seconds and improve key operational metrics in a real-world facility.

  • This collaboration serves as a real-world validation of quantum computing’s potential to address complex industrial challenges, complementing D-Wave’s strong third-quarter results that showed significant revenue growth and major new contracts in Europe.

  • We’ll explore how this breakthrough industrial deployment with BASF influences D-Wave’s investment narrative around commercial quantum computing adoption.

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To be a shareholder in D-Wave Quantum, you have to believe that hybrid quantum computing will transition from high-profile proofs of concept to mainstream industrial and government adoption, potentially unlocking substantial commercial opportunities. The recent BASF collaboration is a clear signal of this vision in action, showing quantum applications solving real manufacturing challenges faster than classical computing ever could. It’s the kind of high-impact customer validation that might help reshape sentiment around short-term catalysts, particularly as D-Wave’s Q3 revenue beat consensus and bookings surged. However, financial risks remain front and center, with expanding net losses and significant past dilution still weighing on the stock. While the BASF result strengthens D-Wave’s pitch to future enterprise clients and investors, the persistent lack of profitability and the stock’s significant volatility cannot be ignored, even in light of a breakthrough contract. But despite quantum breakthroughs, investors should weigh D-Wave’s history of losses and dilution.

The analysis detailed in our D-Wave Quantum valuation report hints at an inflated share price compared to its estimated value.

QBTS Community Fair Values as at Nov 2025 QBTS Community Fair Values as at Nov 2025

Eighty-five Simply Wall St Community members estimate D-Wave’s fair value between US$0.23 and US$30.30, reflecting very wide variation. This diversity mirrors the high expectations for revenue growth, but ongoing losses mean the path to returns is anything but straightforward. Explore more viewpoints to see how market sentiment could evolve.

Explore 85 other fair value estimates on D-Wave Quantum – why the stock might be worth as much as $30.30!

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include QBTS.

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