<p>量子计算的财报季节正在如火如荼地进行，IonQ Inc.（纽约证券交易所代码：IONQ）率先发布了 2026 年第一季度的财报，多个方面超出了预期。该公司设定了相当高的标准，特别是其同比（YOY）收入增长达到了 755% 以及对 2026 年全年指引的显著上调。</p>
<p>然而，IonQ 在新年第一季度至少存在一个重大问题：盈利能力。调整后的每股亏损大幅扩大，证明即使是在快速增长领域中最成熟的量子计算公司之一，仍然有很多工作要做，以证明其商业模式的可持续性。</p>
<p>获取 <strong>D-Wave Quantum</strong> 的提醒：</p>
<p>接下来将有另外两家主要参与者：D-Wave Quantum Inc.（纽约证券交易所代码：QBTS）和 Rigetti Computing（纳斯达克代码：RGTI），这两家公司将在 2026 年 5 月的第二个完整周发布财报。以下是投资者在这些公司公布业绩时可能想要关注的要点。</p>
<h2>D-Wave 能否凭借令人期待的业绩打破股价低迷？</h2>
<p>与其他量子公司一样，D-Wave 在 2026 年初经历了显著的股价下跌，此前在 2025 年秋季曾出现反弹。然而，最近几周，该公司似乎准备扭转局面，恢复其上升轨迹。这一涨幅的部分动力可能来自外部因素，因为它与 NVIDIA Corp.（纳斯达克代码：NVDA）关于推出新 AI 工具以帮助开发量子技术的公告同时发生。</p>
<p>看起来 D-Wave 已经达到了投资者兴奋能推动股价上涨的极限，而没有更多的基本面胜利来支撑这种表现。</p>
<p>尽管去年商业势头强劲，包括收入几乎增长了三倍和快速增长的订单，D-Wave 仍然是一家低销售公司的，2025 年仅产生约 2500 万美元的收入。</p>
<p>值得注意的是，D-Wave 能够保持强大的现金基础，这不仅为其在努力提升收入和利润时提供了安全保障，还使其能够灵活进行关键收购，例如收购 Quantum Circuits，这大大扩展了其技术覆盖范围。</p>
<p>至少，关注该公司 5 月 12 日财报的投资者希望看到 D-Wave 在最新季度末保持强大的现金储备。然而，理想情况下，该公司能够加速收入增长，并显示出向盈利转变的迹象。</p>
<h2>Rigetti 面临说服投资者其商业可行性的挑战</h2>
<p>如果 D-Wave 面临艰难的挑战，Rigetti 可能在其财报结果上面临更大的困难。该公司在 2025 年第四季度的财报中显示出商业吸引力不足，收入同比下降至 190 万美元，低于前一年同期的 230 万美元。毛利率也同比大幅下降 9%，降至 35%，运营亏损扩大。</p>
<p>对于 Rigetti 而言，产品可能不是主要问题。该公司在一些最新原型中展示了令人印象深刻的双量子比特门保真度，这可能预示着未来超导项目的良好可行性。它还拥有不断增长的现场订单和健康的制造优势，这应该有助于其在一些最有前景的硬件上扩大生产。</p>
<p>相反，Rigetti 必须说服客户和投资者，其产品的实用性超越政府和大型机构的应用。IonQ 在这方面做得更好，在其上一次财报中指出，约 60% 的收入来自商业客户。投资者无疑希望在 Rigetti 的 5 月 11 日财报中看到类似的进展迹象。这也可能帮助该公司摆脱股价低迷（其年初至今下跌超过 15%）。</p>
<h2><strong>财报会决定投资者的耐心吗？</strong></h2>
<p>华尔街分析师对 QBTS 和 RGTI 股票的支持态度相对坚定，或者尚未调整评级：QBTS 继续被评为适度买入，拥有 14 个买入评级，仅有三个卖出和持有评级，而 RGTI 也是适度买入，拥有八个买入和五个卖出或持有评级。分析师预计这两只股票仍有相当大的上涨空间。</p>
<p>真正的问题是第一季度的财报是否会改变局面——通过显示收入的强劲势头、向盈利的转变、日益增长的商业吸引力等，还是再次要求投资者耐心等待。如果是后者，投资者愿意对这些公司保持多长时间的耐心尚待观察，但 2026 年初的下行趋势表明，这种耐心可能是有限的。</p>
<h2>你现在应该投资 1000 美元在 D-Wave Quantum 吗？</h2>
<p>在考虑 D-Wave Quantum 之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐的股票。MarketBeat 已经识别出五只股票，顶级分析师悄悄地向客户推荐在市场广泛关注之前购买……而 D-Wave Quantum 并不在名单上。</p>
<p>虽然 D-Wave Quantum 目前在分析师中被评为适度买入，但顶级分析师认为这五只股票更值得投资。</p>
<p>查看这五只股票的详细信息</p>

IONQ

QBTS

RGTI

RGTZ

2 倍做多 IONQ ETF - Defiance

2 倍做多 IONQ ETF - GraniteShares

<p>量子计算公司正处于财报季，IonQ 报告了强劲的 2026 年第一季度业绩，包括 755% 的同比收入增长，但亏损加大。D-Wave 和 Rigetti 即将发布财报，D-Wave 需要展示收入增长并维持现金储备，而 Rigetti 则必须证明其商业可行性，因为收入出现下降。分析师对这两家公司仍持支持态度，但即将发布的财报可能会决定投资者在近期股价下跌中的耐心</p>

<p>Quantum computing earnings season is well underway, with IonQ Inc. NYSE: IONQ kicking things off with a Q1 2026 report that surpassed expectations in many ways. This firm set the bar fairly high, particularly with its 755% year-over-year (YOY) revenue growth and notable upward revision to its full-year 2026 guidance.</p>
<div class="lb-trans"><p>量子计算的财报季节正在如火如荼地进行，IonQ Inc.（纽约证券交易所代码：IONQ）率先发布了 2026 年第一季度的财报，多个方面超出了预期。该公司设定了相当高的标准，特别是其同比（YOY）收入增长达到了 755% 以及对 2026 年全年指引的显著上调。</p>
</div><p>There was at least one major issue with IonQ's first quarter of the new year, however: profitability. Adjusted losses per share widened considerably, proving that even one of the most established quantum computing companies in a fast-growing field still has plenty of work to do to demonstrate the sustainability of its model.</p>
<div class="lb-trans"><p>然而，IonQ 在新年第一季度至少存在一个重大问题：盈利能力。调整后的每股亏损大幅扩大，证明即使是在快速增长领域中最成熟的量子计算公司之一，仍然有很多工作要做，以证明其商业模式的可持续性。</p>
</div><p>Get <strong>D-Wave Quantum</strong> alerts:</p>
<div class="lb-trans"><p>获取 <strong>D-Wave Quantum</strong> 的提醒：</p>
</div><p>Next up will be two other major players in the space: D-Wave Quantum Inc. NYSE: QBTS and Rigetti Computing NASDAQ: RGTI, both of which report earnings the second full week of May 2026. Below is a brief rundown of what investors might want to watch for as these companies share out their results.</p>
<div class="lb-trans"><p>接下来将有另外两家主要参与者：D-Wave Quantum Inc.（纽约证券交易所代码：QBTS）和 Rigetti Computing（纳斯达克代码：RGTI），这两家公司将在 2026 年 5 月的第二个完整周发布财报。以下是投资者在这些公司公布业绩时可能想要关注的要点。</p>
</div><h2>Can D-Wave Break Out of Its Stock Price Slump With Promising Results?</h2>
<div class="lb-trans"><h2>D-Wave 能否凭借令人期待的业绩打破股价低迷？</h2>
</div><p>Like other quantum firms, D-Wave started 2026 with a pronounced share price decline after rallying in the fall of 2025. In recent weeks, though, the company appeared poised to reverse course and resume its upward trajectory. Some of the impetus for this bump was likely external, as it coincided with an announcement from NVIDIA Corp. NASDAQ: NVDA about the launch of new AI tools to aid in the development of quantum tech.</p>
<div class="lb-trans"><p>与其他量子公司一样，D-Wave 在 2026 年初经历了显著的股价下跌，此前在 2025 年秋季曾出现反弹。然而，最近几周，该公司似乎准备扭转局面，恢复其上升轨迹。这一涨幅的部分动力可能来自外部因素，因为它与 NVIDIA Corp.（纳斯达克代码：NVDA）关于推出新 AI 工具以帮助开发量子技术的公告同时发生。</p>
</div><p>It seems that D-Wave has reached a limit of how far investor excitement can take shares without more fundamental wins to back up this performance.</p>
<div class="lb-trans"><p>看起来 D-Wave 已经达到了投资者兴奋能推动股价上涨的极限，而没有更多的基本面胜利来支撑这种表现。</p>
</div><p>Despite strong commercial momentum last year, including revenue that nearly tripled and fast-growing bookings, D-Wave remains a low-sales firm with only about $25 million generated across 2025.</p>
<div class="lb-trans"><p>尽管去年商业势头强劲，包括收入几乎增长了三倍和快速增长的订单，D-Wave 仍然是一家低销售公司的，2025 年仅产生约 2500 万美元的收入。</p>
</div><p>Notably, D-Wave has been able to maintain a strong cash base, which not only provides it security while it is working to build up its top and bottom lines, but also has permitted it the flexibility to make key purchases like its acquisition of Quantum Circuits, which dramatically expands its technical reach.</p>
<div class="lb-trans"><p>值得注意的是，D-Wave 能够保持强大的现金基础，这不仅为其在努力提升收入和利润时提供了安全保障，还使其能够灵活进行关键收购，例如收购 Quantum Circuits，这大大扩展了其技术覆盖范围。</p>
</div><p>At a minimum, investors watching the company's May 12 earnings will want to see D-Wave maintain strong cash reserves at the end of the latest quarter. Ideally, however, the company will be able to accelerate its revenue growth and show signs of moving toward profitability.</p>
<div class="lb-trans"><p>至少，关注该公司 5 月 12 日财报的投资者希望看到 D-Wave 在最新季度末保持强大的现金储备。然而，理想情况下，该公司能够加速收入增长，并显示出向盈利转变的迹象。</p>
</div><h2>Rigetti Faces the Challenge of Convincing Investors of Its Commercial Viability</h2>
<div class="lb-trans"><h2>Rigetti 面临说服投资者其商业可行性的挑战</h2>
</div><p>If D-Wave has an uphill battle, Rigetti may have more of a mountain to climb with its earnings results. The company showed weak commercial traction in its Q4 2025 earnings, as revenue fell YOY to $1.9 million from $2.3 million in the prior-year quarter. Gross margin also declined YOY by a sizable 9% to 35%, and operating losses widened.</p>
<div class="lb-trans"><p>如果 D-Wave 面临艰难的挑战，Rigetti 可能在其财报结果上面临更大的困难。该公司在 2025 年第四季度的财报中显示出商业吸引力不足，收入同比下降至 190 万美元，低于前一年同期的 230 万美元。毛利率也同比大幅下降 9%，降至 35%，运营亏损扩大。</p>
</div><p>For Rigetti, the product may not be the major concern. The company has seen impressive two-qubit gate fidelity in some of its latest prototypes, which could signal excellent viability for future superconducting endeavors. It also has on-premise orders that are growing, and a healthy manufacturing advantage, which should help it to scale production on some of its most promising hardware.</p>
<div class="lb-trans"><p>对于 Rigetti 而言，产品可能不是主要问题。该公司在一些最新原型中展示了令人印象深刻的双量子比特门保真度，这可能预示着未来超导项目的良好可行性。它还拥有不断增长的现场订单和健康的制造优势，这应该有助于其在一些最有前景的硬件上扩大生产。</p>
</div><p>Rather, Rigetti must convince customers—and investors—that its products' usefulness extends beyond government and major institution applications. IonQ has been able to do this to a greater extent, noting in its last earnings report that about 60% of its revenue for the period came from commercial customers. Investors will surely want to see similar signs of progress from Rigetti in its May 11 earnings. This could help the firm get out of its share price slump as well (it is down over 15% YTD).</p>
<div class="lb-trans"><p>相反，Rigetti 必须说服客户和投资者，其产品的实用性超越政府和大型机构的应用。IonQ 在这方面做得更好，在其上一次财报中指出，约 60% 的收入来自商业客户。投资者无疑希望在 Rigetti 的 5 月 11 日财报中看到类似的进展迹象。这也可能帮助该公司摆脱股价低迷（其年初至今下跌超过 15%）。</p>
</div><h2><strong>Will Earnings Make or Break Investor Patience?</strong></h2>
<div class="lb-trans"><h2><strong>财报会决定投资者的耐心吗？</strong></h2>
</div><p>Wall Street analysts either remain fairly steadfast in their support of both QBTS and RGTI shares or have yet to adjust ratings: QBTS continues to be a Moderate Buy with 14 Buy ratings and only three Sell and Hold ratings, while RGTI has is also a Moderate Buy, with eight Buys and five combined Sell or Hold ratings. Analysts expect both stocks to still see considerable upside.</p>
<div class="lb-trans"><p>华尔街分析师对 QBTS 和 RGTI 股票的支持态度相对坚定，或者尚未调整评级：QBTS 继续被评为适度买入，拥有 14 个买入评级，仅有三个卖出和持有评级，而 RGTI 也是适度买入，拥有八个买入和五个卖出或持有评级。分析师预计这两只股票仍有相当大的上涨空间。</p>
</div><p>The real question is whether Q1 earnings will change the tide—by showing strong momentum in revenue, a shift toward profitability, growing commercial appeal, and so on—or if they might once again ask investors to wait. If the latter, it remains to be seen how patient investors are willing to be with these companies, but the downward trend early in 2026 suggests there may be a limit to this patience.</p>
<div class="lb-trans"><p>真正的问题是第一季度的财报是否会改变局面——通过显示收入的强劲势头、向盈利的转变、日益增长的商业吸引力等，还是再次要求投资者耐心等待。如果是后者，投资者愿意对这些公司保持多长时间的耐心尚待观察，但 2026 年初的下行趋势表明，这种耐心可能是有限的。</p>
</div><h2>Should You Invest $1,000 in D-Wave Quantum Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1000 美元在 D-Wave Quantum 吗？</h2>
</div><p>Before you consider D-Wave Quantum, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑 D-Wave Quantum 之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and D-Wave Quantum wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐的股票。MarketBeat 已经识别出五只股票，顶级分析师悄悄地向客户推荐在市场广泛关注之前购买……而 D-Wave Quantum 并不在名单上。</p>
</div><p>While D-Wave Quantum currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然 D-Wave Quantum 目前在分析师中被评为适度买入，但顶级分析师认为这五只股票更值得投资。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票的详细信息</p>
</div>

量子财报季正在升温——需要关注的两大主要参与者