<p>量子計算的財報季節正在如火如荼地進行，IonQ Inc.（紐約證券交易所代碼：IONQ）率先發布了 2026 年第一季度的財報，多個方面超出了預期。該公司設定了相當高的標準，特別是其同比（YOY）收入增長達到了 755% 以及對 2026 年全年指引的顯著上調。</p>
<p>然而，IonQ 在新年第一季度至少存在一個重大問題：盈利能力。調整後的每股虧損大幅擴大，證明即使是在快速增長領域中最成熟的量子計算公司之一，仍然有很多工作要做，以證明其商業模式的可持續性。</p>
<p>獲取 <strong>D-Wave Quantum</strong> 的提醒：</p>
<p>接下來將有另外兩家主要參與者：D-Wave Quantum Inc.（紐約證券交易所代碼：QBTS）和 Rigetti Computing（納斯達克代碼：RGTI），這兩家公司將在 2026 年 5 月的第二個完整週發佈財報。以下是投資者在這些公司公佈業績時可能想要關注的要點。</p>
<h2>D-Wave 能否憑藉令人期待的業績打破股價低迷？</h2>
<p>與其他量子公司一樣，D-Wave 在 2026 年初經歷了顯著的股價下跌，此前在 2025 年秋季曾出現反彈。然而，最近幾周，該公司似乎準備扭轉局面，恢復其上升軌跡。這一漲幅的部分動力可能來自外部因素，因為它與 NVIDIA Corp.（納斯達克代碼：NVDA）關於推出新 AI 工具以幫助開發量子技術的公告同時發生。</p>
<p>看起來 D-Wave 已經達到了投資者興奮能推動股價上漲的極限，而沒有更多的基本面勝利來支撐這種表現。</p>
<p>儘管去年商業勢頭強勁，包括收入幾乎增長了三倍和快速增長的訂單，D-Wave 仍然是一家低銷售公司的，2025 年僅產生約 2500 萬美元的收入。</p>
<p>值得注意的是，D-Wave 能夠保持強大的現金基礎，這不僅為其在努力提升收入和利潤時提供了安全保障，還使其能夠靈活進行關鍵收購，例如收購 Quantum Circuits，這大大擴展了其技術覆蓋範圍。</p>
<p>至少，關注該公司 5 月 12 日財報的投資者希望看到 D-Wave 在最新季度末保持強大的現金儲備。然而，理想情況下，該公司能夠加速收入增長，並顯示出向盈利轉變的跡象。</p>
<h2>Rigetti 面臨説服投資者其商業可行性的挑戰</h2>
<p>如果 D-Wave 面臨艱難的挑戰，Rigetti 可能在其財報結果上面臨更大的困難。該公司在 2025 年第四季度的財報中顯示出商業吸引力不足，收入同比下降至 190 萬美元，低於前一年同期的 230 萬美元。毛利率也同比大幅下降 9%，降至 35%，運營虧損擴大。</p>
<p>對於 Rigetti 而言，產品可能不是主要問題。該公司在一些最新原型中展示了令人印象深刻的雙量子比特門保真度，這可能預示着未來超導項目的良好可行性。它還擁有不斷增長的現場訂單和健康的製造優勢，這應該有助於其在一些最有前景的硬件上擴大生產。</p>
<p>相反，Rigetti 必須説服客户和投資者，其產品的實用性超越政府和大型機構的應用。IonQ 在這方面做得更好，在其上一次財報中指出，約 60% 的收入來自商業客户。投資者無疑希望在 Rigetti 的 5 月 11 日財報中看到類似的進展跡象。這也可能幫助該公司擺脱股價低迷（其年初至今下跌超過 15%）。</p>
<h2><strong>財報會決定投資者的耐心嗎？</strong></h2>
<p>華爾街分析師對 QBTS 和 RGTI 股票的支持態度相對堅定，或者尚未調整評級：QBTS 繼續被評為適度買入，擁有 14 個買入評級，僅有三個賣出和持有評級，而 RGTI 也是適度買入，擁有八個買入和五個賣出或持有評級。分析師預計這兩隻股票仍有相當大的上漲空間。</p>
<p>真正的問題是第一季度的財報是否會改變局面——通過顯示收入的強勁勢頭、向盈利的轉變、日益增長的商業吸引力等，還是再次要求投資者耐心等待。如果是後者，投資者願意對這些公司保持多長時間的耐心尚待觀察，但 2026 年初的下行趨勢表明，這種耐心可能是有限的。</p>
<h2>你現在應該投資 1000 美元在 D-Wave Quantum 嗎？</h2>
<p>在考慮 D-Wave Quantum 之前，你需要聽聽這個。</p>
<p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦的股票。MarketBeat 已經識別出五隻股票，頂級分析師悄悄地向客户推薦在市場廣泛關注之前購買……而 D-Wave Quantum 並不在名單上。</p>
<p>雖然 D-Wave Quantum 目前在分析師中被評為適度買入，但頂級分析師認為這五隻股票更值得投資。</p>
<p>查看這五隻股票的詳細信息</p>

IONQ

QBTS

RGTI

RGTZ

2 倍做多 IONQ ETF - Defiance

2 倍做多 IONQ ETF - GraniteShares

<p>量子計算公司正處於財報季，IonQ 報告了強勁的 2026 年第一季度業績，包括 755% 的同比收入增長，但虧損加大。D-Wave 和 Rigetti 即將發佈財報，D-Wave 需要展示收入增長並維持現金儲備，而 Rigetti 則必須證明其商業可行性，因為收入出現下降。分析師對這兩家公司仍持支持態度，但即將發佈的財報可能會決定投資者在近期股價下跌中的耐心</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>量子計算的財報季節正在如火如荼地進行，IonQ Inc.（紐約證券交易所代碼：IONQ）率先發布了 2026 年第一季度的財報，多個方面超出了預期。該公司設定了相當高的標準，特別是其同比（YOY）收入增長達到了 755% 以及對 2026 年全年指引的顯著上調。</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個重大問題：盈利能力。調整後的每股虧損大幅擴大，證明即使是在快速增長領域中最成熟的量子計算公司之一，仍然有很多工作要做，以證明其商業模式的可持續性。</p>
</div><p>Get <strong>D-Wave Quantum</strong> alerts:</p>
<div class="lb-trans"><p>獲取 <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>接下來將有另外兩家主要參與者：D-Wave Quantum Inc.（紐約證券交易所代碼：QBTS）和 Rigetti Computing（納斯達克代碼：RGTI），這兩家公司將在 2026 年 5 月的第二個完整週發佈財報。以下是投資者在這些公司公佈業績時可能想要關注的要點。</p>
</div><h2>Can D-Wave Break Out of Its Stock Price Slump With Promising Results?</h2>
<div class="lb-trans"><h2>D-Wave 能否憑藉令人期待的業績打破股價低迷？</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>與其他量子公司一樣，D-Wave 在 2026 年初經歷了顯著的股價下跌，此前在 2025 年秋季曾出現反彈。然而，最近幾周，該公司似乎準備扭轉局面，恢復其上升軌跡。這一漲幅的部分動力可能來自外部因素，因為它與 NVIDIA Corp.（納斯達克代碼：NVDA）關於推出新 AI 工具以幫助開發量子技術的公告同時發生。</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>看起來 D-Wave 已經達到了投資者興奮能推動股價上漲的極限，而沒有更多的基本面勝利來支撐這種表現。</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>儘管去年商業勢頭強勁，包括收入幾乎增長了三倍和快速增長的訂單，D-Wave 仍然是一家低銷售公司的，2025 年僅產生約 2500 萬美元的收入。</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 能夠保持強大的現金基礎，這不僅為其在努力提升收入和利潤時提供了安全保障，還使其能夠靈活進行關鍵收購，例如收購 Quantum Circuits，這大大擴展了其技術覆蓋範圍。</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，關注該公司 5 月 12 日財報的投資者希望看到 D-Wave 在最新季度末保持強大的現金儲備。然而，理想情況下，該公司能夠加速收入增長，並顯示出向盈利轉變的跡象。</p>
</div><h2>Rigetti Faces the Challenge of Convincing Investors of Its Commercial Viability</h2>
<div class="lb-trans"><h2>Rigetti 面臨説服投資者其商業可行性的挑戰</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 面臨艱難的挑戰，Rigetti 可能在其財報結果上面臨更大的困難。該公司在 2025 年第四季度的財報中顯示出商業吸引力不足，收入同比下降至 190 萬美元，低於前一年同期的 230 萬美元。毛利率也同比大幅下降 9%，降至 35%，運營虧損擴大。</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>對於 Rigetti 而言，產品可能不是主要問題。該公司在一些最新原型中展示了令人印象深刻的雙量子比特門保真度，這可能預示着未來超導項目的良好可行性。它還擁有不斷增長的現場訂單和健康的製造優勢，這應該有助於其在一些最有前景的硬件上擴大生產。</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 必須説服客户和投資者，其產品的實用性超越政府和大型機構的應用。IonQ 在這方面做得更好，在其上一次財報中指出，約 60% 的收入來自商業客户。投資者無疑希望在 Rigetti 的 5 月 11 日財報中看到類似的進展跡象。這也可能幫助該公司擺脱股價低迷（其年初至今下跌超過 15%）。</p>
</div><h2><strong>Will Earnings Make or Break Investor Patience?</strong></h2>
<div class="lb-trans"><h2><strong>財報會決定投資者的耐心嗎？</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>華爾街分析師對 QBTS 和 RGTI 股票的支持態度相對堅定，或者尚未調整評級：QBTS 繼續被評為適度買入，擁有 14 個買入評級，僅有三個賣出和持有評級，而 RGTI 也是適度買入，擁有八個買入和五個賣出或持有評級。分析師預計這兩隻股票仍有相當大的上漲空間。</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>真正的問題是第一季度的財報是否會改變局面——通過顯示收入的強勁勢頭、向盈利的轉變、日益增長的商業吸引力等，還是再次要求投資者耐心等待。如果是後者，投資者願意對這些公司保持多長時間的耐心尚待觀察，但 2026 年初的下行趨勢表明，這種耐心可能是有限的。</p>
</div><h2>Should You Invest $1,000 in D-Wave Quantum Right Now?</h2>
<div class="lb-trans"><h2>你現在應該投資 1000 美元在 D-Wave Quantum 嗎？</h2>
</div><p>Before you consider D-Wave Quantum, you'll want to hear this.</p>
<div class="lb-trans"><p>在考慮 D-Wave Quantum 之前，你需要聽聽這個。</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 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦的股票。MarketBeat 已經識別出五隻股票，頂級分析師悄悄地向客户推薦在市場廣泛關注之前購買……而 D-Wave Quantum 並不在名單上。</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>雖然 D-Wave Quantum 目前在分析師中被評為適度買入，但頂級分析師認為這五隻股票更值得投資。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看這五隻股票的詳細信息</p>
</div>

量子財報季正在升温——需要關注的兩大主要參與者