D-Wave Quantum Inc. (NYSE:QBTS) reported first-quarter 2026 results on Tuesday that topped Rosenblatt Securities forecasts, despite landing below a broad range of street estimates.
Rosenblatt Securities analyst John McPeake maintained a buy rating and a $43 price forecast on the stock, signaling significant upside from its current $22.11 price level.
Revenue Miss Attributed to Timing of System Sales
While first quarter revenue were 17% above Rosenblatt’s estimates, they trailed the wider street consensus. McPeake noted that the discrepancy stems from “mis-modeled” system sales.
McPeake said Wall Street likely pulled some system sales into the first quarter that are now expected to materialize in the second half of the year. He noted that the FAU machine and another unit are expected to ship in the second half of 2026.
Full story available on Benzinga.com
This post was originally published here
