D-Wave Quantum Analysts Slash Their Forecasts After Q1 Results

Benzinga Earnings

05/14

D-Wave Quantum Inc. (NYSE:QBTS) reported mixed first-quarter results on Tuesday.

D-Wave reported a loss of 5 cents per share, beating the consensus estimate of a 9 cent-loss. In addition, it reported revenue of $2.85 million, missing the consensus estimate of $4.13 million and representing an 81% decrease from the prior-year first-quarter.

D-Wave also reported first-quarter bookings of $33.4 million, up 1,994% year-over-year from $1.6 million in the first quarter of 2025 and up 149% from $13.4 million in the fourth quarter of 2025.

“D-Wave’s first quarter performance highlights what sets this company apart: strong execution, expanding commercial adoption, and differentiated technology leadership across both annealing and gate model quantum computing,” said Dr. Alan Baratz, CEO of D-Wave.

D-Wave shares fell 3% to trade at $21.68 on Wednesday.

These analysts made changes to their price targets on D-Wave following earnings announcement.

Mizuho analyst Vijay Rakesh maintained the stock with an Outperform rating and lowered the price target from $31 to $29.
Canaccord Genuity analyst Kingsley Crane maintained D-Wave Quantum with a Buy and cut the price target from $43 to $41.

Considering buying QBTS stock? Here’s what analysts think:

Photo via Shutterstock

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In addition, it reported revenue of $2.85 million, missing the consensus estimate of $4.13 million and representing an 81% decrease from the prior-year first-quarter.</p>\n<p>D-Wave also reported first-quarter bookings of $33.4 million, up 1,994% year-over-year from $1.6 million in the first quarter of 2025 and up 149% from $13.4 million in the fourth quarter of 2025.</p>\n<p>“D-Wave’s first quarter performance highlights what sets this company apart: strong execution, expanding commercial adoption, and differentiated technology leadership across both annealing and gate model quantum computing,” said Dr. Alan Baratz, CEO of D-Wave.</p>\n<p>D-Wave shares fell 3% to trade at $21.68 on Wednesday.</p>\n<p>These analysts made changes to their price targets on D-Wave following earnings announcement.</p>\n<ul>\n<li>Mizuho analyst Vijay Rakesh maintained the stock with an Outperform rating and lowered the price target from $31 to $29.</li>\n<li><a href=\"https://laohu8.com/S/CCORF\">Canaccord Genuity</a> analyst Kingsley Crane maintained D-Wave <a href=\"https://laohu8.com/S/QMCO\">Quantum</a> with a Buy and cut the price target from $43 to $41.</li>\n</ul>\n<p><strong>Considering buying QBTS stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"474\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13141128/image-343-1024x474.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13141128/image-343-1024x474.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13141128/image-343-300x139.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13141128/image-343-768x355.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13141128/image-343.png 1237w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>D-Wave Quantum Analysts Slash Their Forecasts After Q1 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nD-Wave Quantum Analysts Slash Their Forecasts After Q1 Results\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2026-05-14 02:12</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<html><body><p><strong><a href=\"https://laohu8.com/S/QBTS\">D-Wave Quantum Inc.</a> </strong>(NYSE:QBTS) reported mixed first-quarter results on Tuesday.</p>\n<p>D-Wave reported a loss of 5 cents per share, beating the consensus estimate of a 9 cent-loss. In addition, it reported revenue of $2.85 million, missing the consensus estimate of $4.13 million and representing an 81% decrease from the prior-year first-quarter.</p>\n<p>D-Wave also reported first-quarter bookings of $33.4 million, up 1,994% year-over-year from $1.6 million in the first quarter of 2025 and up 149% from $13.4 million in the fourth quarter of 2025.</p>\n<p>“D-Wave’s first quarter performance highlights what sets this company apart: strong execution, expanding commercial adoption, and differentiated technology leadership across both annealing and gate model quantum computing,” said Dr. Alan Baratz, CEO of D-Wave.</p>\n<p>D-Wave shares fell 3% to trade at $21.68 on Wednesday.</p>\n<p>These analysts made changes to their price targets on D-Wave following earnings announcement.</p>\n<ul>\n<li>Mizuho analyst Vijay Rakesh maintained the stock with an Outperform rating and lowered the price target from $31 to $29.</li>\n<li><a href=\"https://laohu8.com/S/CCORF\">Canaccord Genuity</a> analyst Kingsley Crane maintained D-Wave <a href=\"https://laohu8.com/S/QMCO\">Quantum</a> with a Buy and cut the price target from $43 to $41.</li>\n</ul>\n<p><strong>Considering buying QBTS stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"474\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13141128/image-343-1024x474.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13141128/image-343-1024x474.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13141128/image-343-300x139.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13141128/image-343-768x355.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/13141128/image-343.png 1237w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QBTX","symbol_name":"2倍做多QBTS ETF-Tradr","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/05/52538386/d-wave-quantum-analysts-slash-their-forecasts-after-q1-results","article_id":"2635573216","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2635573216","pubTimestamp":1778695976,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"D-Wave reported mixed Q1 results, beating on earnings but missing revenue estimates. Bookings increased significantly. Analysts have lowered price targets.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"QBTX":"2倍做多QBTS ETF-Tradr","BK4608":"AI应用概念股","BK4602":"量子计算概念","QBTS":"D-Wave Quantum Inc.","QBTZ":"2倍做空QBTS ETF-Defiance","QBY":"GraniteShares YieldBoost QBTS ETF","BK4023":"应用软件"},"translate_title":"D-Wave Quantum分析师在第一季度业绩公布后大幅下调预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QBTX":0.6,"QBTZ":0.6,"QBY":0.6,"QBTS":1.98},"content_text":"D-Wave Quantum Inc. (NYSE:QBTS) reported mixed first-quarter results on Tuesday.\nD-Wave reported a loss of 5 cents per share, beating the consensus estimate of a 9 cent-loss. In addition, it reported revenue of $2.85 million, missing the consensus estimate of $4.13 million and representing an 81% decrease from the prior-year first-quarter.\nD-Wave also reported first-quarter bookings of $33.4 million, up 1,994% year-over-year from $1.6 million in the first quarter of 2025 and up 149% from $13.4 million in the fourth quarter of 2025.\n「D-Wave’s first quarter performance highlights what sets this company apart: strong execution, expanding commercial adoption, and differentiated technology leadership across both annealing and gate model quantum computing,」 said Dr. Alan Baratz, CEO of D-Wave.\nD-Wave shares fell 3% to trade at $21.68 on Wednesday.\nThese analysts made changes to their price targets on D-Wave following earnings announcement.\n\nMizuho analyst Vijay Rakesh maintained the stock with an Outperform rating and lowered the price target from $31 to $29.\nCanaccord Genuity analyst Kingsley Crane maintained D-Wave Quantum with a Buy and cut the price target from $43 to $41.\n\nConsidering buying QBTS stock? Here’s what analysts think: \n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport,express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}