D-Wave Quantum Inc. (QBTS) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the D-Wave first quarter 2026 earnings call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch-tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Kevin Hunt, Investor Relations. Please go ahead. Thank you and good morning. With me today are Dr. Alan Barrett, our Chief Executive Officer, and John Markovich, our Chief Financial Officer. Before we begin, I would like to remind everyone that this call will contain forward-looking statements which are subject to risks and uncertainties and should be considered in conjunction with cautionary statements contained in our earnings release and the company's most recent periodic SEC reports. Both an on-demand webcast and a transcript of the conference call will be available on the investor relations section of the website within 48 hours after the call. During today's call, management will provide certain information that will constitute non-GAAP financial measures under SEC rules, such as adjusted EBITDA loss and non-GAAP adjusted operating expenses and operating metrics such as bookings. Reconciliations to GAAP financial measures and certain additional information are also included in today's earnings release which is available in our investor relations section of our company website at ir.dwavequantum.com. This morning, we will be limited to taking one question from each analyst in the first round of questions, and then, time permitting, proceed to a second ro...