• Majority of surveyed businesses actively engaged in quantum computing anticipate significant returns on investment (“ROI”) from their quantum optimization efforts
• Survey also highlights a significant increase in quantum adoption, with 21% of respondents either currently employing or planning to integrate quantum technology into production within the next 12 to 18 months
• D-Wave has been named a finalist in the GameChanger Ambition category of the upcoming Technology Impact Awards (“TIAs”) by the BC Tech Association

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services, and the world’s first commercial supplier of quantum computers, recently announced the findings of a recent study it commissioned with Hyperion Research on enterprise quantum computing adoption plans. Notably, a majority of the surveyed businesses actively engaged in quantum computing anticipate significant returns on investment (“ROI”) from their quantum optimization efforts. The potential combined positive financial impact is estimated to reach approximately $51.5 billion (https://ibn.fm/WklRF).

The survey, conducted between May and June 2024, tapped more than 300 decision makers from enterprises across the United States and select European countries that are exploring quantum optimization of critical business processes within the next 12 to 18 months. Among the respondents, 290 indicated an intention to commit between $3 to $6 million annually toward quantum optimization initiatives, with anticipated benefits ranging from $60 to $65 million each year. This translates to a notable ROI of between 10 to 20 times the initial investment. The estimated total benefits of $51.5 billion for those companies surveyed underscores the significant potential of quantum optimization to drive substantial improvements and create value across various industries.

The survey also highlighted a significant increase in quantum adoption planning, with 21% of respondents either currently employing or planning to integrate quantum technology into production within the next 12 to 18 months. This marks a 50% rise in adoption plans compared to Hyperion Research’s 2022 report, indicating a growing recognition of quantum computing’s tangible business value.

Respondents identified enhancing business process efficiencies as the primary benefit of quantum optimization (24%), followed by revenue growth (20%) and fostering innovation (14%). Additionally, respondents recognized the potential of quantum computing to optimize finance-related operations (17%), supply-chain management (16%), and manufacturing (14%).

“In my view, the data is clear: quantum computing has arrived as a critical business imperative. Those who proactively embrace this technology and invest in optimization efforts stand to reap significant rewards,” said Dr. Alan Baratz, CEO of D-Wave. “The anticipated gains and ROI projections paint a compelling picture of a possible near-term future where quantum computing becomes a fundamental driver of business success.”

According to the survey, improvements in workload performance emerged as the most significant driver for organizations adopting quantum computing. The advocacy for quantum computing adoption extends beyond technical teams to senior management, reflecting an increasing enterprise-wide interest in leveraging quantum technologies. Furthermore, organizations are prioritizing enhancements to existing business processes rather than solely focusing on developing new quantum-based applications.

In addition, D-Wave recently was named a finalist in the GameChanger Ambition category of the upcoming TIAs by the BC Tech Association. The award recognizes companies that leverage their ambition to address significant challenges with innovative technology, aiming to make a substantial impact (https://ibn.fm/AsGAv).

“This finalist nomination means a tremendous amount to the technology team in our B.C.-based Quantum Engineering Center of Excellence. We are making amazing strides to advance the science of quantum computing as well as develop six generations of quantum computing systems and are honored to receive this recognition,” said Dr. Trevor Lanting, Chief Development Officer for D-Wave. “We are grateful to BC Tech for being a stalwart champion of innovation and for helping companies like D-Wave promote our talent around the world.”

For more information, visit the company’s website at www.DWaveQuantum.com.

NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS

Forward-Looking Statements

Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of the company’s most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of the company’s Quarterly Reports on Form 10-Q and in its other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to the company on the date hereof. The company undertakes no duty to update this information unless required by law.

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