Pomerantz LLP is investigating D-Wave Quantum Inc. for potential securities fraud and unlawful business practices. The probe follows D-Wave’s August 6, 2026, report of $3.08 million in second-quarter revenue. This revenue total failed to meet analyst expectations. D-Wave subsequently announced the retirement of its CFO on August 25, 2026. The company's stock price declined sharply following these disclosures.
Separately, D-Wave scheduled its Qubits Asia 2026 user conference for October 28 in Seoul. This announcement caused the stock to rise in pre-market trading. Institutional investor Corient Private Wealth LP also significantly increased its equity stake in D-Wave during the second quarter.