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D-Wave QuantumQBTS

D-Wave is the best-known maker of quantum annealers and is now building gate-model machines too. Neither is close to breaking RSA.

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Key facts

Ticker
QBTS (Nasdaq)
source 1
Listed since
8 August 2022 (then on the NYSE)
source 2
Headquarters
Palo Alto, California, US
source 1
Technology
Quantum annealing and gate-model (superconducting)
source 1
Current annealer
Advantage2, about 4,500 qubits
source 1

What D-Wave builds

D-Wave is best known for quantum annealers: machines designed to find good solutions to optimisation problems such as scheduling and routing. Its current annealer, Advantage2, has about 4,500 qubits (D-Wave).

After buying Quantum Circuits in January 2026, D-Wave also builds gate-model quantum computers, the general-purpose kind, based on superconducting dual-rail qubits (D-Wave).

What D-Wave means for Q-Day

Breaking RSA at scale takes Shor's algorithm on a general-purpose, error-corrected quantum computer. Annealing is an optimisation method and does not run Shor's algorithm. When researchers at Shanghai University used a D-Wave annealer for factoring in 2024, the number they factored was 22 bits long; RSA keys in use today are 2048 bits. Whether that approach can scale at all is an open question (Keysight).

D-Wave's own gate-model roadmap aims for a 181-qubit system in 2028 and 100 logical qubits in 2032, for chemistry and AI applications (D-Wave). The best current estimate for breaking RSA-2048 needs just under a million noisy qubits (Gidney). Nothing on D-Wave's published roadmap comes close to that scale.

Sources

  1. D-Wave, 6 Aug 2026
  2. D-Wave, 5 Aug 2022
  3. Keysight, 28 Oct 2024
  4. Gidney, arXiv, May 2025

This page explains what the company or project does and how it relates to Q-Day. It is not investment advice. Last checked 9 October 2026. Every fact on this page links to its source.

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