QBTS: When a quantum computer becomes the Pentagon's shieldD-Wave Quantum Inc.BATS:QBTSTotoshkaTradesD-Wave holds nearly 900 million dollars in cash and is the only public company developing two types of quantum systems simultaneously. The company trades on the NYSE, and everyone who understands real defence contracts is watching because those speak louder than any theory. Fundamentals Next earnings are due on May 12, 2026. Full year 2025 revenue reached 24.6 million dollars, up 179 percent. Gross margin in Q4 hit 82.6 percent. Cash on hand stands at 884.5 million dollars. Key deals of early 2026: an Advantage2 system sold to Florida Atlantic University for 20 million dollars, and a two‑year QCaaS contract with a Fortune 100 company for 10 million dollars. Order bookings for the first quarter already exceed 32.8 million dollars, surpassing the whole 2025 figure of 18.7 million. In January D‑Wave closed the acquisition of Quantum Circuits Inc. for 550 million dollars, becoming the only public player with both annealing and gate‑model quantum systems. The first gate‑model system is expected in 2026. On January 27 D‑Wave, Anduril and Davidson Technologies announced a partnership to develop hybrid quantum applications for US missile defence. A proof‑of‑concept showed at least 10 times faster calculations and a 9 to 12 percent improvement in target interception. Main risks: GAAP losses remain high, with significant R&D spending. Revenue from new contracts will materialise in the second half of the year, so the May 12 report may show modest numbers despite record bookings. Technicals On the daily chart price has broken the descending trendline and successfully retested it. Today, May 1, price is trading near 20.70 dollars, holding above all exponential moving averages. Daily ADX and MACD both point to a buy. Volume over the last week of April remained above multi‑month averages, confirming institutional interest. The accumulation zone sits at 18.50 – 19.50 dollars. Targets on the chart are 30 and 44 dollars. The market now values D‑Wave as a mission‑critical quantum infrastructure operator with real defence contracts. The breakout is confirmed, volume supports the move, and the targets are above.