Rigetti Computing (RGTI) is scheduled to announce its first-quarter results on May 11. Traders are watching RGTI stock closely because the options market is pricing in a sharp reaction after the release. According to recent data, traders are expecting a 17.56% move in either direction, signaling high uncertainty about RGTI’s results.
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New trading tool for RGTI bullsRigetti Computing has a track record of sharp price swings following earnings. The current implied move is far larger than RGTI’s average post-earnings move (in absolute terms) of about 7.46% over the past four quarters.
Notably, the quantum computing company’s shares have gained more than 32% over the past month but remain down 17.2% year-to-date, as investors stay cautious toward riskier stocks amid ongoing macro uncertainty.
What to Expect from RGTI’s Q1 Report
Wall Street expects Rigetti to report a narrower loss per share of $0.04, compared to a loss per share of $0.08 in the prior-year quarter. Revenue is expected to come in at $4.09 million.
Key Areas to Watch on May 11
At the upcoming report, investors will closely watch whether RGTI can deliver stronger revenue growth through major hardware sales. The market is tracking the company’s $8.4 million order from India’s Centre for Development of Advanced Computing (C-DAC) for a 108-qubit system, along with $5.7 million in orders for two 9-qubit Novera systems that are expected to be delivered in the first half of 2026.
Another key area will be growth through cloud services. Last month, Rigetti launched its 108-qubit Cepheus-1-108Q system on its own cloud platform and on Amazon (AMZN) Braket, making it the first 100+ qubit superconducting system available on AWS.
Investors will look for signs of customer demand and updates on the company’s goal to reach 99.5% two-qubit gate fidelity later this year. The market will also focus on cash burn and the company’s long-term roadmap as Rigetti works toward building systems with more than 1,000 qubits.
Is RGTI a Good Stock to Buy?
Heading into Q1 earnings, Wall Street has a Moderate Buy consensus rating on Rigetti Computing stock based on eight Buys and three Holds. The average RGTI stock price target of $30.67 indicates about 67.2% upside potential.
