diff --git a/src/qc_compiler/cutting.py b/src/qc_compiler/cutting.py
index c8ea762..9bbacbc 100644
--- a/src/qc_compiler/cutting.py
+++ b/src/qc_compiler/cutting.py
@@ -272,6 +272,16 @@ def reconstruct(
         Uses quasi-probability decomposition to combine subcircuit
         results. Each cut introduces a sampling overhead factor of 4.
 
+        .. warning::
+
+            This is a simplified placeholder implementation. Proper QPD
+            reconstruction requires tracking the sign and coefficient of
+            each term in the decomposition. This method sums all
+            subcircuit results uniformly and normalizes, which does not
+            produce correct expectation values when cuts are present. For
+            accurate results, use a full QPD reconstruction implementation
+            such as ``circuit_knitting`` from Qiskit Extensions.
+
         Args:
             subcircuit_results: Results from executing subcircuits.
                 Each element is a dict of {bitstring: count}.
@@ -280,6 +290,19 @@ def reconstruct(
         Returns:
             Reconstructed expectation values as a dict.
         """
+        import warnings
+
+        if num_cuts > 0:
+            warnings.warn(
+                "Circuit cutting reconstruction is a simplified placeholder "
+                "that does not track QPD term signs or coefficients. "
+                "Results with cuts present will not be accurate. "
+                "For proper QPD reconstruction, use circuit_knitting "
+                "from Qiskit Extensions.",
+                UserWarning,
+                stacklevel=2,
+            )
+
         if not subcircuit_results:
             return {}
 
@@ -288,7 +311,7 @@ def reconstruct(
                 return subcircuit_results[0]
             return {}
 
-        sampling_factor = 4 ** num_cuts
+        sampling_factor = 4**num_cuts
 
         combined = {}
         for result in subcircuit_results:
diff --git a/tests/test_cutting.py b/tests/test_cutting.py
index f89efbd..4652f21 100644
--- a/tests/test_cutting.py
+++ b/tests/test_cutting.py
@@ -319,4 +319,25 @@ def test_analyze_estimated_error_non_negative(self, cutter):
         for i in range(3):
             qc.cx(i, i + 1)
         result = cutter.analyze(qc)
-        assert result.estimated_error_uncut >= 0
\ No newline at end of file
+        assert result.estimated_error_uncut >= 0
+
+
+class TestReconstructWarning:
+    """Regression tests for reconstruct() placeholder warning (issue #44)."""
+
+    def test_reconstruct_zero_cuts_no_warning(self):
+        cutter = CircuitCutter(cost_model=CostModel())
+        result = cutter.reconstruct([{"00": 500, "11": 500}], num_cuts=0)
+        assert result == {"00": 500, "11": 500}
+
+    def test_reconstruct_with_cuts_warns(self):
+        cutter = CircuitCutter(cost_model=CostModel())
+        sub_results = [{"00": 250, "11": 250}, {"00": 250, "11": 250}]
+        with pytest.warns(UserWarning, match="simplified placeholder"):
+            result = cutter.reconstruct(sub_results, num_cuts=1)
+        assert len(result) > 0
+
+    def test_reconstruct_empty_results(self):
+        cutter = CircuitCutter(cost_model=CostModel())
+        result = cutter.reconstruct([], num_cuts=0)
+        assert result == {}
\ No newline at end of file