$QBTS: Earnings Beat, Revenue Miss, and Bullish Analyst RatingsD-Wave Quantum Inc.NYSE:QBTSBrent_CalverI have taken a half-size position in D-Wave Quantum based on its future bookings and today’s bounce off the 21 EMA, which I believe creates an attractive risk-reward setup. For this trade, I plan to use a tight stop on a decisive close below the 21 EMA. Longer-term investors may prefer to place a stop below the 50 DMA. •I have identified overhead resistance just above the current price. •This area is marked by the horizontal line on the chart and the AVWAP shown in white from the all-time high. QBTS has also received several analyst upgrades, with price targets ranging from $40 to $43 per share. Compared with today’s price of just under $22, that implies more than 80% potential upside. Earnings Summary D-Wave Quantum recently reported quarterly results that were better than expected on earnings, although revenue came in below estimates. Report date: Tuesday, May 12, 2026, at 7:00 AM ET D-Wave Quantum (QBTS) reported a first-quarter 2026 loss of $0.05 per share on revenue of $2.86 million. Analysts had expected a loss of $0.10 per share on revenue of $5.01 million, while the Earnings Whisper estimate called for a loss of $0.08 per share. In other words, the company outperformed earnings expectations but missed on revenue. Revenue was down 80.95% from the same quarter last year. Company Overview D-Wave develops and delivers quantum computing systems, software, and services. It is recognized as the world’s first commercial supplier of quantum computers and is the only company building both annealing quantum computers and gate-model quantum computers. If you like this idea, please make it your own and follow your trading or investing plan.