Rigetti and D-Wave: Key Takeaways from Q1 2026 Earnings

Following IonQ's strong Q1, D-Wave and Rigetti face pressure to demonstrate their potential in the quantum computing space. D-Wave's recent stock price bump coincided with NVIDIA's announcement of new AI tools for quantum tech development.

D-Wave needs to maintain its cash base and accelerate revenue growth to show signs of moving towards profitability. Rigetti, however, must convince investors of its commercial viability, as it showed weak commercial traction in Q4 2025. Investors will be looking for progress in expanding its customer base beyond government and major institution applications.

Both QBTS and RGTI have 'Moderate Buy' ratings from analysts, but the real test lies in whether their Q1 earnings can show strong momentum in revenue and a shift toward profitability. Investors' patience may be limited if these companies continue to ask for more time without delivering significant results.

What should investors watch for in D-Wave's earnings report?

Investors should monitor D-Wave's cash reserves, revenue growth, and progress towards profitability.

What is the key challenge for Rigetti Computing?

Rigetti's main challenge is to convince investors and customers that its products' usefulness extends beyond government and major institution applications.

For investors in the quantum computing sector, the Q1 2026 earnings reports from D-Wave and Rigetti are crucial. D-Wave needs to demonstrate sustained financial health and increasing revenue, while Rigetti must expand its customer base and prove its commercial viability. Keep an eye on these key metrics to assess the long-term potential of these companies.

Do you think D-Wave and Rigetti will meet investor expectations in their Q1 earnings reports? Let us know your thoughts!

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