D-Wave Quantum Bookings Surge 16x To $32 Million In Q1
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D-Wave Quantum Inc. (NYSE:QBTS) reported a 16-fold increase in bookings to $32 million in Q1 2026, despite revenue missing broader street estimates. Analyst John McPeake from Rosenblatt Securities maintained a buy rating and a $43 price target, citing strong demand and upcoming product shipments. The company is shifting towards gate-based quantum computing and has a solid plan for profitability, with an Analyst Day scheduled for June 1. D-Wave shares were down 5.48% at $21.12, but have gained 47.6% over the past month.
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