D‑Wave Q2 Bookings Surge
D‑Wave’s Q2 earnings report shows that bookings grew sharply and backlog expanded significantly, but revenue was flat because of the timing of system sales [1]; exact figures should be taken from the original earnings release. Following the acquisition of Quantum Circuits, the company has begun integrating a gate‑model roadmap, advancing its technology roadmap on both the annealing and gate‑model paths.
Business implications: Strong bookings growth indicates customer confidence in long‑term quantum‑computing commitments, but flat revenue reflects long system‑sales cycles and delayed revenue recognition. Backlog conversion is key; if revenue does not grow correspondingly in subsequent quarters, market skepticism may arise.
Landscape impact: D‑Wave’s bookings growth could boost investment sentiment across the quantum‑computing sector, but it remains to be seen whether other companies (e.g., Rigetti, IonQ) show similar trends in their earnings. The Quantum Circuits acquisition makes D‑Wave a dual‑path player, potentially attracting a broader customer base.
Rigetti Q2 Revenue Up 185 %; Receives $100 M CHIPS Act Letter of Intent
Rigetti Computing’s Q2 revenue grew 185 % year‑over‑year (absolute figures were not given in the source summary; refer to the original earnings table), and the company received a $100 million letter of intent under the U.S. CHIPS Act, while also announcing a supercomputing collaboration with HPE [5].
Business implications: Revenue growth is strong but off a small base; if the CHIPS Act funding materializes, it will significantly bolster R&D resources. The HPE collaboration could promote the adoption of hybrid quantum‑classical computing in the HPC market.
Landscape impact: Government funding is critical for quantum‑computing startups; Rigetti’s case may encourage more companies to seek similar support. Competition on the superconducting route is intensifying, and Rigetti needs to catch up with IBM and Google in both fidelity and scale.
Honda Invests in Japanese Quantum‑Algorithm Startup Quemix
Honda Motor, through its global open‑innovation program Honda Xcelerator Ventures, has invested in the Tokyo‑based quantum‑software and algorithm startup Quemix, aiming to accelerate the practical deployment of quantum computing in new‑materials development [2].
Business implications: The automotive industry’s interest in quantum computing is shifting from laboratory research to practical application. Honda’s investment is likely aimed at developing battery or lightweight materials. As an algorithm company, Quemix’s value lies in shortening the time to practical use of quantum computing in materials simulation.
Landscape impact: Direct investment by an industry giant in a quantum‑software company signals recognition of quantum computing’s application potential in vertical industries. This could trigger more corporate venture capital flowing into the quantum sector.
Horizon Quantum Appoints Chief Product Officer
Horizon Quantum has appointed Amanda Chew as Chief Product Officer, effective August 17. Chew previously held management roles at Microsoft and joined Horizon Quantum in 2020 as a product manager, subsequently serving as Director of Product and VP of Product [4]. Compared with earlier reports, the incremental information provided by this source includes the effective date, Chew’s full promotion path, and her new scope of responsibilities; the source is a personnel round‑up that also covers appointments at Quantum Computing Inc. and Uviquity.
Business implications: The appointment indicates that Horizon Quantum is transitioning from technology development to productization. The CPO’s role is to drive the commercialization of quantum‑software development tools.
Landscape impact: Strengthening product teams at quantum‑software companies signals that the industry is moving from pure research toward commercialization. An executive with a Microsoft background may bring enterprise‑grade product experience.
Chicago Quantum Recruitment Forum to Be Held in December
The 2026 Chicago Quantum Recruitment Forum will take place on December 7 at mHUB, connecting hundreds of students and postdocs with leading quantum employers [10].
Business implications: Demand for quantum talent remains strong. Such events help alleviate talent shortages but also reflect intensifying competition for highly skilled workers.
Landscape impact: Chicago’s status as a quantum‑technology hub and its talent‑aggregation effect may attract more companies to set up offices there.