Rigetti Computing Inc. (RGTI)
NASDAQ:RGTI
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Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.05Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized meaningful technical and commercial progress — notably the general availability of a 108‑qubit modular system with competitive fidelity and multi‑cloud distribution, strong year‑over‑year revenue growth, a healthy cash position and strategic partnerships/investment plans — while acknowledging near‑term operational challenges: elevated R&D and CapEx, lumpy revenue recognition, GAAP volatility from noncash items, and the need to improve coherence to lift fidelity at scale. On balance, the positive technology milestones, customer traction and financial flexibility outweigh the near‑term cost and timing headwinds.Company Guidance
General Availability of Cepheus-1-108Q and Strong Technical Performance
Rigetti launched the 108-qubit Cepheus-1-108Q (12 interconnected 9-qubit chiplets) and made it generally available on Rigetti QCS, AWS Braket, Microsoft Azure Quantum and qBraid. Reported median 2-qubit gate fidelity ~99.1% at ~60 ns and median single-qubit fidelity ~99.9%. Prototype and smaller systems demonstrated higher performance (9-qubit: 99.8% 2-qubit fidelity at 40 ns; prototype: up to 99.9% 2-qubit fidelity at 28 ns using adiabatic CZ), validating the chiplet-based scaling approach.
Material Year‑over‑Year Revenue Growth
Q1 2026 revenue of $4.4M versus $1.5M in Q1 2025, driven by on‑premises Novera QPU deliveries and government/research contracts — an approximate +193% year‑over‑year increase.
Strong Balance Sheet and Non‑GAAP Improvement
Ended Q1 2026 with approximately $569M in cash, cash equivalents and available-for-sale investments (up from $209.1M year‑ago), no debt, and non‑GAAP net loss improved to $14.7M from $15.3M year‑ago (non‑GAAP loss per share $0.04 vs $0.05), indicating better underlying operating progress excluding noncash volatility.
Growing Customer Traction and Pipeline
Expanded customer adoption across cloud and on‑premises channels (University of Saskatchewan order, multiple Novera QPU sales, government engagements). Management expects the remainder of previously announced $5.7M of Novera purchase orders to be recognized primarily in Q2 2026 and is executing an $8.4M C‑DAC order to be recognized in Q4 2026 after installation.
Strategic Partnerships and International Investment Plan
Strengthened go‑to‑market and technology partnerships (AWS Braket, Azure Quantum, qBraid, Quanta for control systems; engagement with NVIDIA and River Lane on calibration/error‑mitigation). Announced intention to invest up to $100M in the U.K. over several years to accelerate development and expand presence.
Engineering Progress on Scaling Challenges
Identified and mitigated coupling interactions between 2‑level couplers at >100 qubits, shifting the primary limitation to coherence times (current coherence ~25–30 microseconds). Management outlined clear technical levers (chiplet design, materials, fabrication, control improvements) and is targeting fidelity improvements through 2026.
RGTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RGTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | $20.51 | $19.07 | -7.02% |
Mar 04, 2026 | $17.76 | $16.97 | -4.45% |
Nov 10, 2025 | $33.08 | $31.40 | -5.08% |
Aug 12, 2025 | $16.20 | $17.24 | +6.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Rigetti Computing Inc. (RGTI) report earnings?
Rigetti Computing Inc. (RGTI) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
What is Rigetti Computing Inc. (RGTI) earnings time?
Rigetti Computing Inc. (RGTI) earnings time is at Aug 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is RGTI EPS forecast?
RGTI EPS forecast for the fiscal quarter 2026 (Q2) is -0.05.
