D-Wave Quantum Inc. (NASDAQ:QBTS) shares fell 5% to 7.4% in premarket trading Tuesday after the Palo Alto, California-based quantum computing company reported mixed third-quarter 2026 results. Revenue rose 20.7% year over year to $4.513 million, exceeding estimates of roughly $4.333 million to $4.36 million, while the adjusted loss was 13 cents per share against analyst expectations ranging from 10 cents to 12 cents; one earnings summary cited a 14-cent estimate. Nine-month bookings surged 611% to $37.4 million, despite a 19% quarterly decline to $1.9 million. Remaining performance obligations climbed 1,221% to $38.3 million, while adjusted EBITDA loss widened 83% to $37.7 million. D-Wave ended the quarter with $503.4 million in cash and has a conditional agreement for up to $100 million in CHIPS Act funding, subject to conditions and milestones. B. Riley Financial cut its price target to $22 from $27 while retaining its Buy rating. The stock was down about 6% by midday as the Nasdaq Composite fell 0.65%, with investors also awaiting CPI data.