US · Technology · Computer Hardware
EPS came in at -0.16 against a street estimate of -0.06 — a miss of 166.7%.
Analysts rate Rigetti Computing Inc a strong buy (6 buy, 0 hold, 0 sell out of 6) with an average price target of $28.81.
CONFIDENT Rigetti delivered 185% YoY revenue growth on Novera QPU sales; 108-qubit Cepheus system achieves 99.1% 2-qubit fidelity. $100M CHIPS Act LOI and HPE partnership validate strategy. Near-term focus: coherence-time improvements and fidelity gains by end-2026. Q2 2026 U.S. government leading funding via Commerce CHIPS Act and ongoing DARPA QBI discussions. UK ProQure multi-year initiative and India C-DAC 108-qubit deployment reflect expanding international interest in superconducting platforms. Analysts pressed on coherence-time roadmap, HPE system scope/timing, and CHIPS Act milestones. Management remained deliberate, emphasizing careful testing to avoid regression on cloud 108Q, full-system delivery to HPE/PSC, and ongoing LOI negotiations without premature commitment. 2026-08-06…
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| Fund | Stake |
|---|---|
| BlackRock Inc | 7.62% |
| Vanguard Portfolio Management, LLC | 5.83% |
| Vanguard Capital Management, LLC | 4.27% |
| State Street Corp | 3.04% |
| Geode Capital Management, LLC | 2.44% |
| D. E. Shaw & Co LP | 1.61% |
| UBS Group AG | 1.45% |
| Defiance ETFs, LLC | 1.39% |
| Document | Date |
|---|---|
| Material agreement · Q3 2026 RIGETTI COMPUTING, INC. - FORM 8-K SUMMARY HEADLINE NUMBERS • Government funding award: $100 million from U.S. Department of Commerce under CHIPS Ac | 2026-09-08 |
| Board / officer change · Q3 2026 RIGETTI COMPUTING, INC. - FORM 8-K SUMMARY HEADLINE NUMBERS • Company: Rigetti Computing, Inc. (Ticker: RGTI) • Exchange: Nasdaq Capital Market • Re | 2026-08-20 |
| Board / officer change · Q3 2026 RIGETTI COMPUTING, INC. – FORM 8-K SUMMARY HEADLINE NUMBERS • Filing Date: August 19, 2026 (reporting events from August 18, 2026) • Company: Rigett | 2026-08-20 |
| Quarterly report · Q2 2026 RIGETTI COMPUTING, INC. – Q2 2026 10-Q SUMMARY HEADLINE NUMBERS • Total Assets: $648.2 million as of June 30, 2026 (down from $666.6 million at Dece | 2026-08-06 |
| Results announced · Q3 2026 RIGETTI COMPUTING Q2 2026 FINANCIAL RESULTS SUMMARY HEADLINE NUMBERS • Total revenues Q2 2026: $5.1 million (up from $1.8 million in Q2 2025) • Six- | 2026-08-06 |
| Quarterly report · Q1 2026 RIGETTI COMPUTING, INC. – Q1 2026 SUMMARY HEADLINE NUMBERS • Revenue (Q1 2026): $4.4 million, up 199% vs. Q1 2025 ($1.5 million) • Gross Profit (Q1 | 2026-05-11 |
| Proxy statement · Q2 2026 RIGETTI COMPUTING, INC. — 2026 PROXY SUMMARY WHAT SHAREHOLDERS ARE VOTING ON • Proposal 1: Election of one Class I director—Dr. Subodh Kulkarni—to s | 2026-04-24 |
| Annual report FY2025 RIGETTI COMPUTING, INC. – 2025 10-K SUMMARY --- HEADLINE NUMBERS • Market capitalization (as of June 30, 2025): $3.82 billion based on $11.86 share | 2026-03-04 |
Readable in the app.
| Announcement | Date |
|---|---|
| Won $100M CHIPS Act funding award for quantum computing R&D Rigetti Computing announced it received a $100 million grant from the U.S. Department of Commerce under the CHIPS Act to accelerate superconducting quantum computing research and development | 2026-09-08 |
| $100 million CHIPS Act award for quantum computing R&D over three years Rigetti Computing announced it has signed a Letter of Intent with the U.S. Department of Commerce for a $100 million government award under the CHIPS and Science Act over three years. The fu | 2026-05-21 |
| Received $8.4 million purchase order for 108-qubit quantum computer Rigetti Computing announced on January 20, 2026, that it received an $8.4 million purchase order from C-DAC (Centre for Development of Advanced Computing), India's premier research and devel | 2026-01-20 |
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Google PlayApp StoreData updated 2026-09-18.