D-Wave Quantum Inc. CEO Baratz discussed the company's recent demonstration of quantum supremacy and highlighted the long sales cycles for their systems, which range from $20 to $40 million per unit. This information was disclosed in a recent filing. D-Wave's CEO also appeared on CNBC, making statements about customer usage of their machines. Benchmark has raised its price target for D-Wave Quantum (QBTS) to $14 from $8, maintaining a buy rating on the shares. The decision is influenced by D-Wave's validation of quantum supremacy, its first hardware sale, and growing momentum in its Quantum Computing as a Service (QCaaS) offerings. In contrast, Rigetti Computing (RGTI) reported a significant year-over-year revenue decline of 50%, with first-quarter 2025 earnings showing a revenue of $1.47 million and GAAP EPS of $0.13 against expectations of $2.56 million. The company also reported an operating loss of $21.6 million for the quarter, despite a net income of $42.6 million, which was boosted by $62.1 million in non-cash gains. Rigetti has been selected for DARPA's Quantum Benchmarking Initiative, with potential earnings of $1 million upon milestone completion, and has secured contracts from the AFOSR, U.S. Air Force ($5.48M), and Innovate UK (£3.5M). Rigetti's earnings were criticized by industry observers, who noted the company's reliance on government contracts and the lack of significant bookings beyond a single machine sale. The company's market cap and revenue figures have drawn skepticism about the sustainability of its business model in the quantum computing sector. Quantum Computing Inc. (QUBT) secured a NASA contract worth $26,000, and claims to use the Quantum Zeno effect and weak measurement to counterbalance decoherence in their photonic quantum computers, which are still in early stages with limited algorithmic qubits.