---
title: "D-Wave Quantum Analysts Slash Their Forecasts After Q1 Results"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286301775.md"
description: "D-Wave Quantum Inc. reported mixed Q1 results, beating earnings estimates with a loss of 5 cents per share but missing revenue expectations at $2.85 million. Bookings surged 1,994% year-over-year to $33.4 million. Following the earnings announcement, analysts lowered their price targets, with Mizuho reducing it from $31 to $29 and Canaccord Genuity from $43 to $41. D-Wave shares fell 3% to $21.68."
datetime: "2026-05-13T18:12:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286301775.md)
  - [en](https://longbridge.com/en/news/286301775.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286301775.md)
---

# D-Wave Quantum Analysts Slash Their Forecasts After Q1 Results

**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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