D-Wave Quantum Inc. agreed to acquire Quantum Circuits Inc. for $550 million, funded with $300 million in D-Wave common stock and $250 million in cash, to create a dual-platform quantum roadmap that combines annealing with error-corrected gate-model technology.

The deal remains subject to regulatory approvals and closing conditions, with completion expected in late January 2026.

The acquisition is aimed at accelerating the timeline to a scaled, error-corrected gate-model quantum computer, with an initial dual-rail system anticipated to be generally available in 2026.

Forward-looking statements note risks and uncertainties, including regulatory approval scope and market adoption.

The story was published on January 7, 2026, at 7:36 AM EST.

Market reaction shows QBTS trading around $31.10 in pre-market, about 0.5% lower on the news after a recent rally, as investors weigh dilution against potential long-term benefits.

D-Wave has formed a new government-focused unit and appointed Jack Sears Jr. as vice president to drive adoption with U.S. agencies.

Analysts have initiated coverage: Jefferies a Buy rating with a $45 target, and Evercore ISI an Outperform rating with a $44 target, signaling optimism about ecosystem conditions and customer engagement.

D-Wave also promotes Qubits 2026, a January 27–28 event in Boca Raton, to discuss product roadmaps.

D-Wave stock rose modestly in premarket trading following the announcement.

Centerview Partners is advising D-Wave financially, with Paul, Weiss acting as legal counsel.

A recent breakthrough disclosed by D-Wave involves scalable on-chip cryogenic control of gate-model qubits using multiplexed DACs to manage tens of thousands of qubits with minimal wiring.