Julich Research Center Inaugurates Europe's First 5,000+ Qubit Quantum Computer

The Advantage quantum computer, the predecessor to D-Wave’s new system (Lukas Schulze/Getty Images)

D-Wave Quantum pares gains after underwhelming Q4 results

The annealing-centric quantum computing company just released quarterly results.

2/26/26 7:15AM

D-Wave Quantum is paring gains in premarket trading after posting lackluster quarterly results.

For Q4, the annealing-centric quantum computing company reported:

Revenue of $2.75 million (estimate: $3.75 million).
An adjusted loss per share of $0.09 (estimate: a $0.06 loss).

The stock had caught a bid in postmarket trading on Wednesday after competitor IonQ posted a massive Q4 revenue beat and strong sales guidance. Shares are still up about 3% as of 7:35 a.m. ET, but down meaningfully from where they were ahead of the release of these Q4 figures.

It’s been a very busy start to the year for D-Wave. In early January, the company touted a tech breakthrough that would keep qubits cool enough so that gate models could scale. Soon thereafter, management reached a deal to buy Quantum Circuits to accelerate its gate-model development. Late in the month, the company then announced a $20 million system sale, a partnership with Davidson Technologies and Anduril to improve US missile defense planning, and a $10 million, two-year quantum computing-as-a-service deal with an unnamed Fortune 100 company.

Of course, none of that played a role in the Q4 financials, but this string of successes has D-Wave CEO Dr. Alan Baratz extremely optimistic about the company’s prospects this year.

“If 2025 was the international year of quantum, 2026 is the international year of D-Wave Quantum,” he told Sherwood News.

Despite that, shares have floundered year to date, with D-Wave down about 25% in 2026 as of Wednesday’s close.

Luke Kawa30m

Credo Technology soars after announcing deal to acquire photonics company

Credo Technology Group is soaring in premarket trading after announcing an agreement to acquire DustPhotonics, a developer of silicon photonic integrated circuits for optical transceivers (that is, chips that help use light to move information around data centers).

The price is $750 million in cash plus 920,000 shares of Credo, and has the potential to escalate from there based on the achievement of certain financial milestones.

The acquisition marks a concerted effort by Credo to play both ends of connectivity: advanced photonics in addition to active electrical cables (its bread and butter).

Per the press release, “The acquisition will position Credo with a vertically integrated connectivity stack... for scale out and scale up networks — addressing both electrical and optical interconnects across the full AI infrastructure.”

Following this transaction, the company expects optical revenues of more than $500 million in fiscal 2027, well above the pre-acquisition consensus estimate of $161 million.

Management projects this deal will be accretive to adjusted earnings per share in fiscal 2027.

Shares of Credo boomed after Broadcom reported earnings last month, as the custom chip specialist said that its clients were sticking with direct attach copper cables through 2028. But going forward, connectivity demand appears to be a story of both copper-centric and light-centric solutions to transmit information within and between racks.

Claire Yubin Oh37m

Amazon reportedly nears deal for Globalstar in bid to take on SpaceX’s Starlink

Globalstar is up 17% in premarket trading on Tuesday after Bloomberg reported that Amazon is nearing a deal to acquire the satellite company, as it moves to keep up with Elon Musk’s Starlink.

A transaction could be announced as soon as today, though final terms haven’t yet been reached and the timing of the announcement could change, according to people familiar with the matter.

Globalstar shares have almost tripled in the past year, including a jump at the start of this month after the Financial Times reported early negotiations between the two companies.

The deal would potentially accelerate Amazon’s efforts to build out its own low-earth-orbit satellite network, Bloomberg Intelligence analyst Jon Davies observed, with Amazon reportedly planning to have 700 satellites in space by the middle of 2026.

But there’s a small caveat — Apple’s 20% stake in Globalstar, which it took after a $1.5 billion investment in 2024, might give Amazon’s tech peer a say in Globalstar’s future, per people familiar with the matter. Globalstar’s buildout may already be linked with Apple’s product road map, and the iPhone maker “will not want to alter its plans,” said Davies.

Amazon Nears Deal for Globalstar in Push to Rival Musk’s Starlink

Globalstar shares have almost tripled in the past year, including a jump at the start of this month after the Financial Times reported early negotiations between the two companies.

Luke Kawa2h

Bloom Energy spikes after vastly expanding its deal to supply fuel cells to Oracle

Bloom Energy spiked 15% in postmarket trading on Monday after expanding its pact to supply power to Oracle.

The hyperscaler has contracted an initial 1.2 gigawatts of fuel cell capacity from Bloom, with plans to procure up to 2.8 gigawatts in order to support the power needs of its data centers.

Shares of Bloom boomed last July after the initial announcement that it would be delivering “onsite power for an entire data center within 90 days,” the first time the fuel cell company booked a direct deal with a hyperscaler. Bloom came through with the delivery in 55 days.

Oracle execs are obviously pleased with the execution and the results — and have another reason to be happy about getting more power from Bloom...

In concert with this announcement, a filing showed that Oracle received warrants to buy 3.53 million shares of Bloom Energy for $113.28 apiece on April 9, as part of an agreement reached between the two sides in October. That would be about 1.25% of Bloom's current shares outstanding.

“It was a great strategic partnership where both enterprises had a lot to gain,” Bloom founder, chairman, and CEO KR Sridhar said of the warrant deal during the Q4 earnings call on February 2026. “And remember, these were not penny warrants. These were done at market pricing on the day we agreed to, like what we do. So it is not in lieu of something other than both parties enhancing enterprise value.”

So, Bloom’s business gets a massive boost from a hyperscaler moving from a proof of concept to a seal of approval, and Oracle gets power for about $320 million less than the sticker price (based on the gap between Bloom’s postmarket price on Monday, roughly $204, and the exercise price of the warrants).

Ben Walsh

14h

Stocks gain after Trump orders Hormuz blockade, says Iran wants to make a deal

Stocks shrugged off the weekend’s failed peace talks.

Josh Giddey #3 of the Chicago Bulls grabs a rebound during the second half against the Detroit Pistons on October 22, 2025 at the United Center in Chicago, Illinois.

Matt Phillips16h

Intel is having its best year since 1987

Intel is up for its ninth straight session on Monday, continuing the romp that has made it the top performer in the S&P 500 this month, ganing roughly 46% in April so far.

The series of deals Intel has recently struck with Alphabet on a custom chip collaboration and with Elon Musk on his Terafab project seem to be helping reshape traders’ views on what was seen only a few months ago as an ailing American tech icon.

That turnaround in perception has been nothing short of historic.

Intel is now up almost 230% over the last year. You have to go back to 1987 to find a better 12-month run for the stock.

Still, the forward-looking market is giving Intel credit for a turnaround that really hasn’t happened yet on an operational level. Wall Street analysts expect another year-on-year sales decline when Intel reports results on April 23, while anticipating that Intel can cobble together adjusted earnings per share of a penny.

All the same, the market clearly sees a future that, at least for now, it likes.