Rigetti Signs Letter of Intent with U.S. Government for Quantum Computing Research
Rigetti Computing, Inc. announced it has signed a letter of intent with the U.S. Department of Commerce for an award of up to $100 million. This funding aims to accelerate R&D projects in superconducting quantum computing under the CHIPS Act. The partnership seeks to bolster U.S. leadership in quantum technology and rapidly address scaling bottlenecks to achieve utility-scale quantum computing.
Rigetti (NASDAQ: RGTI) eyes $100M U.S. quantum funding deal
Rigetti Computing has signed a non-binding Letter of Intent with the U.S. Department of Commerce for a potential award of up to $100 million over three years. This funding, under the CHIPS Act, would support superconducting quantum computing research and development. The deal contemplates an equity stake for the Department, which would dilute existing stockholders, and relies on the successful negotiation of definitive transaction agreements.
S&P 500 Futures Fall in Premarket Trading; D-Wave Quantum, Rigetti Computing Lead
S&P 500 futures are down in premarket trading. D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) are leading the premarket gains, with QBTS up 17.1% and RGTI up 14.6%.
IBM, D-Wave, Rigetti, GlobalFoundries confirm proposed U.S. quantum funding awards (IBM:NYSE)
IBM, D-Wave Quantum, Rigetti Computing, and GlobalFoundries have confirmed proposed funding awards from the U.S. Department of Commerce under the CHIPS and Science Act. This funding is aimed at boosting U.S. quantum chip manufacturing capacity, with all four companies seeing significant share price increases following the announcements. The awards will be used for various initiatives including investing in quantum chip foundries, developing superconducting qubit technologies, and building new quantum business arms.
Rigetti Computing signs letter of intent for $100m CHIPS Act funding
Rigetti Computing (NASDAQ:RGTI) has signed a letter of intent with the U.S. Department of Commerce for up to $100 million in CHIPS Act funding to advance superconducting quantum computing R&D. This funding, which may involve an equity stake for the Department of Commerce, aims to support the company's efforts despite its current profitability challenges. Rigetti recently reported strong Q1 2026 revenue, exceeding Wall Street estimates, and its stock has gained 54% over the past year, though InvestingPro analysis suggests it may be overvalued.
Rigetti Signs Letter of Intent with U.S. Government for Quantum Computing Research
Rigetti Computing, Inc. announced it has signed a letter of intent with the U.S. Department of Commerce for an award of up to $100 million. This funding, allocated under the CHIPS Research and Development Office Broad Agency Announcement, will accelerate R&D projects in superconducting quantum computing. The initiative aims to bolster U.S. leadership in emerging technologies and address key challenges in scaling quantum computers.
Quantum rally sends Rigetti stock toward key resistance zone (RGTI:NASDAQ)
Rigetti Computing (RGTI) shares saw a significant rally alongside other quantum computing stocks after reports of the U.S. government awarding $2 billion in grants to nine firms, including Rigetti. These deals reportedly include government equity stakes, pushing Rigetti's stock towards a key resistance zone.
Rigetti Computing Q1 2026: Revenue Triples, Profit Reported Amid Stock Decline
Rigetti Computing reported a significant increase in Q1 2026 revenue, which tripled to $4.4 million, and recorded a profit of $33 million, largely due to a revaluation of derivative warrant liabilities. Despite this positive earnings report, the company's stock has declined by 25% this year. The article highlights the early stage of the quantum computing market, emphasizing that sustained growth and profitability for Rigetti remain uncertain given its operational losses and the nascent industry landscape.
CloudAlpha Capital Management Limited Hong Kong Takes $1.79 Million Position in Rigetti Computing, Inc. $RGTI
CloudAlpha Capital Management Limited Hong Kong has acquired a new stake in Rigetti Computing, Inc. worth approximately $1.79 million. This news follows Rigetti's better-than-expected Q1 earnings, with a reported EPS of -$0.04 and revenue of $4.4 million, marking a significant year-over-year increase. Despite a recent trim in the average price target, analyst sentiment remains largely positive with a consensus "Moderate Buy" rating.
Rigetti Computing Tripled Its Revenue Last Quarter. Has It Become a Safer Stock to Buy?
Rigetti Computing, a quantum computing company, saw its revenue triple to $4.4 million in Q1 2026. Despite this growth, its operating expenses still significantly outweigh its revenue, and its reported profit was due to a revaluation of derivative warrant liabilities rather than operational success. The article questions the stock's safety as a growth investment, given the early stage of the quantum computing market and the company's high valuation relative to future uncertainties.
Why Has Rigetti Computing Stock Plunged 19% Since Q1 Earnings?
Rigetti Computing's shares have dropped 19% since its Q1 earnings report, despite a 199% year-over-year revenue increase, due to investor concerns about the long path to commercial quantum advantage. The company reported the general availability of its Cepheus-1 system but acknowledged that meaningful commercial adoption is still in early stages and that quantum advantage is likely three years away. High operating expenses, continued R&D, and significant capital expenditures are also weighing on investor sentiment, despite a strong cash balance.
RGTI Stock Pulls Back As Quantum Hype Cools
Rigetti Computing Inc. (RGTI) stock has pulled back by 6.78% recently, as quantum computing hype cools. While RGTI has a big vision and strong balance sheet with $418M in cash, it reports small revenue and significant operating losses. The stock's price action shows a cooling period after a strong rally, presenting potential opportunities for experienced traders due to its volatility.
Has the Quantum Computing Hype Train Derailed for Rigetti Computing
Rigetti Computing (RGTI) is at a critical juncture following an analyst downgrade due to valuation concerns and the high capital intensity of quantum computing commercialization. Despite a strong cash position of over $600 million, the company faces minimal current revenue and a high burn rate, raising questions about its ability to fund ambitious qubit goals without future dilution. Investors are now scrutinizing fundamentals and commercial viability over speculative potential, with the company's significant growth expected post-2030.
Rigetti Stock Struggles, Demand for Answers Grows
Rigetti Computing shares dropped 7.37% on Friday to $17.85, concluding the week with a 5.8% decline amidst a broader tech market downturn. Despite reporting increased Q1 revenue and strong cash reserves, the company still faces challenges in scaling quantum computing and achieving quantum advantage. Investors are looking forward to CEO Subodh Kulkarni's upcoming speech at a virtual quantum symposium for further insights into the company's progress and roadmap.
Why Rigetti Computing (RGTI) Is Down 5.8% After Surging Q1 Revenue And Quantum Order Win – And What's Next
Rigetti Computing reported a significant increase in Q1 2026 revenue, rising to US$4.4 million, and secured an $8.4 million quantum order from India. The company also broadly launched its 108-qubit Cepheus-1-108Q system, aiming to transition from grant-based revenue to more durable commercial contracts. Despite these positive developments, the stock experienced a 5.8% decline, and the company still faces high cash burn and risks related to proving commercial adoption and consistency.
RGTI Stock Pulls Back As Traders Watch Quantum Momentum
Rigetti Computing Inc. (RGTI) stock has pulled back by 7.6% after reaching recent highs, now consolidating in the high teens. Despite its small revenue and negative profitability, RGTI maintains strong liquidity and minimal debt, making it a speculative high-risk, high-reward play driven by future potential in the quantum computing sector. Traders are observing its price action for signs of further consolidation or a fresh breakout attempt.
Rigetti Q1 Revenue Surge Signals Rising Quantum Demand Trends
Rigetti Computing reported a substantial 199% year-over-year revenue increase to $4.4 million in Q1 2026, driven by Novera QPU deliveries and government contracts, alongside expanding cloud presence with its Cepheus-1-108Q system. The company made significant progress on its technology roadmap, achieving high gate fidelities, and is well-positioned for future investments with a strong cash balance. Competitors D-Wave Quantum and IonQ also showed varied results, with D-Wave experiencing a revenue decline but a surge in bookings, while IonQ saw a 755% revenue surge and secured its first 256-qubit system sale.
Rigetti Computing to Participate in Fireside Chat at Canaccord Genuity Virtual Quantum Symposium
Rigetti Computing, a pioneer in hybrid quantum-classical computing, announced that its CEO, Dr. Subodh Kulkarni, will participate in a fireside chat at the Canaccord Genuity Virtual Quantum Symposium on May 21, 2026. This event will provide insights into Rigetti's advancements in quantum computing technology, including their superconducting qubits and multi-chip quantum processors. A live webcast and replay will be available for investors on Rigetti’s Investor Relations website.
Down 66%, Should You Buy the Dip in Rigetti Computing?
Rigetti Computing (RGTI) stock has fallen 66% from its all-time highs in late 2025 after a "parabolic" rise driven by speculative interest in quantum computing. Despite the significant drop, the company's financial results show nominal revenue generation ($7.1 million in 2025, $4.4 million in Q1 2026) against substantial operating losses ($216 million in 2025). The article argues that the stock's current price-to-sales multiple of 607 still represents an unjustified premium, and with consistent insider selling and a structural burn rate of nearly $100 million annually, Rigetti is more of a "falling knife" than a dip to buy.
Rigetti Computing to Participate in Fireside Chat at Canaccord Genuity Virtual Quantum Symposium
Rigetti Computing announced that its CEO, Dr. Subodh Kulkarni, will participate in a fireside chat at the Canaccord Genuity Virtual Quantum Symposium on May 21, 2026. The company, a pioneer in hybrid quantum-classical computing, detailed its technology, including superconducting qubits, fast gate speeds, and multi-chip quantum processors. Investors can view the live webcast and later replay on Rigetti's investor relations website.
Rigetti Computing (RGTI) Price Forecast: Quantum Stock Near Critical Breakout Level
Rigetti Computing (RGTI) is exhibiting a bullish inverse head and shoulders pattern, suggesting a potential upside breakout. The stock has reclaimed its 20-day and 50-day moving averages and is challenging the 100-day moving average as resistance. A breakout above the neckline at $21.02 would confirm the bullish reversal and indicate momentum for higher prices, potentially past the 200-day moving average at $22.97.
Rigetti Stock's Momentum Triples As Q1 Revenue Beats Estimates And Monthly Returns Hit Nearly 40%
Rigetti Computing Inc. (NASDAQ: RGTI) has experienced a significant surge in momentum, with its Benzinga Edge momentum score tripling from 25.7 to 73.28, driven by strong Q1 revenue that beat analyst estimates. The quantum computing company reported $4.4 million in revenue, exceeding the $3.97 million consensus. This momentum is further supported by operational milestones, including the general availability of its 108-qubit Cepheus-1-108Q system, and maintained "Buy" ratings from Wall Street analysts like Rosenblatt and Needham.
Rigetti’s new 108-qubit system and $100M plan for UK quantum
Rigetti Computing reported Q1 2026 results including $4.4 million in revenue, $33.1 million in GAAP net income, and a non-GAAP net loss of $14.7 million. The company announced the general availability of its 108-qubit Cepheus-1-108Q system and plans to invest up to $100 million in the UK to develop a quantum system with over 1,000 qubits. Despite these operational advancements and a strong cash position of $569 million, the stock (RGTI) declined 7.02% following the news, reflecting historical market volatility after earnings reports.
Rigetti Computing posts better-than-expected Q1 sales
Rigetti Computing reported better-than-expected Q1 sales of $4.4 million and an adjusted loss per share of $0.04, beating analyst estimates. Despite initial postmarket volatility, shares recovered, reflecting renewed investor interest in the quantum computing sector. The company also announced the general availability of its 108-qubit system via the cloud and an order from India’s Centre for the Development of Advanced Computing.
Rigetti Computing Q1 Earnings Call Highlights
Rigetti Computing reported Q1 2026 revenue of $4.4 million, a significant increase from $1.5 million in the prior year, primarily due to Novera QPU deliveries and government/research contracts. The company launched its 108-qubit Cepheus-1-108Q system and aims for quantum advantage within three years. Rigetti maintains a strong cash position of $569 million to fund ongoing R&D and infrastructure investments.
Rigetti Doubles Down on Quantum Roadmap. Here Are Key Earnings Takeaways.
Rigetti Computing reported stronger-than-expected revenue and a per-share loss that matched analyst predictions for its first quarter. The company is emphasizing the quality and performance of its quantum systems, moving away from a focus on "flashy headline milestones." This approach signals a steady commitment to its technical roadmap.
Rigetti Computing sinks as Needham sees customer traction 'increasing' after Q1 results (RGTI:NASDAQ)
Rigetti Computing (RGTI) shares dropped 8.5% despite Needham's belief that customer traction is "increasing" following the company's first-quarter results. The investment firm noted that the company recognized slightly less than half of approximately $5.7 million in orders.
Rigetti Computing, Inc. (RGTI) Reports Q1 Loss, Beats Revenue Estimates
Rigetti Computing, Inc. (RGTI) reported a Q1 loss of $0.04 per share, beating the Zacks Consensus Estimate of a $0.05 loss and surpassing the year-ago quarter's loss. The company's revenues for the quarter were $4.4 million, exceeding the Zacks Consensus Estimate by 35.59% and significantly up from $1.47 million a year ago. Despite beating revenue estimates, RGTI shares have lost 14.5% year-to-date, contrasting with the S&P 500's 8.1% gain.
Rigetti Computing Reports First Quarter 2026 Financial Results
Rigetti Computing announced its financial results for the first quarter of 2026, reporting total revenues of $4.4 million and a GAAP net income of $33.1 million. The company highlighted the general availability of its 108-qubit Cepheus-1-108Q system and increasing adoption of its quantum systems across various sectors, contributing to year-over-year revenue growth. Rigetti also plans to invest up to $100 million in the UK to further accelerate quantum computing development.
Rigetti Computing, Inc. 2026 Q1 - Results - Earnings Call Presentation (NASDAQ:RGTI) 2026-05-12
Rigetti Computing, Inc. (NASDAQ:RGTI) announced its Q1 2026 earnings, reporting an EPS of -$0.04, beating estimates by $0.00, and revenue of $4.40M, surpassing expectations by $272.45K with a 198.91% Y/Y growth. The company also published a slide deck in conjunction with their earnings call. This report was generated by the Seeking Alpha transcripts team.
Rigetti Computing Stock: Revenue Tripled, But One Line Shows Why RGTI Is Still a Quantum Bet
Rigetti Computing reported a near-tripling of first-quarter revenue to $4.4 million, but also a larger operating loss of $26.0 million, highlighting the high costs of quantum technology development. Despite holding $569 million in cash and having no debt, the company acknowledges it remains in a tech-development stage without a scalable business model. Rigetti is focusing on error mitigation for its 108-qubit system and plans significant investment in the UK, while facing competitive pressures and the challenge of converting research into consistent commercial sales.
Why Rigetti Computing Stock Is Surging On Monday? - Rigetti Computing (NASDAQ:RGTI)
Rigetti Computing (NASDAQ: RGTI) stock is surging on Monday ahead of its first-quarter 2026 earnings report, expected after market close. The rally is supported by positive sector momentum from NVIDIA's new AI toolset for quantum processors and robust global quantum investment, which topped $55 billion in 2025. Analysts anticipate Rigetti to report a loss of 4 cents per share on $1.47 million in revenue.
Rigetti Computing Shares Move Higher; Citron Research Post On X, "The quantum computing story is gaining momentum and will be the second iteration of AI. This presentation today from $RGTI CEO is beyond compelling. $RGTI has partnered with $NVDA t
Rigetti Computing (RGTI) shares rose following a post on X by Citron Research, highlighting quantum computing's potential as the "second iteration of AI." Citron Research praised the RGTI CEO's presentation and emphasized Rigetti's partnership with NVIDIA. Quantisnow, a real-time market data platform, delivered this insight and provides alerts for members.
Is Rigetti Computing (RGTI) Stock a Buy Ahead of Earnings Monday?
Rigetti Computing (RGTI) is preparing to release its Q1 2026 earnings on May 11, with options traders anticipating a significant 17.56% price swing. Analysts expect a loss of $0.04 per share and revenue of $4.09 million, an improvement from the previous year. Investors will closely watch hardware revenue, the launch of the 108-qubit Cepheus-1-108Q system, progress on fidelity goals, and cash burn for the pre-revenue quantum company.
Number of shareholders of Rigetti Computing, Inc. – NASDAQ:RGTI
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Wedbush Maintains Rigetti Computing(RGTI.US) With Buy Rating, Maintains Target Price $40
Wedbush has reiterated its Buy rating on Rigetti Computing (RGTI.US) while keeping its target price at $40. This indicates a continued positive outlook from the analyst firm regarding the company's stock performance and future prospects.
Number of shareholders of Rigetti Computing, Inc. - Redeemable – NASDAQ:RGTIW
This article provides details about Rigetti Computing, Inc. - Redeemable (NASDAQ: RGTIW), focusing on its shareholder information. It indicates that the primary content, "Number of shareholders," is available with period, value, change, and change percentage details. The article is hosted on TradingView and sources its market and reference data from ICE Data Services and FactSet, respectively.
Rigetti Computing, Inc. (RGTI) gains as market dips: What you should know
This article reports on Rigetti Computing, Inc. (RGTI) experiencing a 0.53% gain in pre-market trading, despite the S&P 500's recent dip. It highlights the company's valuation metrics, recent earnings performance including a narrower-than-expected loss and revenue beat, and its average brokerage recommendation.
Which Quantum Computing Stock Has Dominated in 2026: IonQ, Rigetti, or D-Wave?
In 2026, IonQ (IONQ) has been the clear leader among pure-play quantum computing stocks, being the only one with positive year-to-date returns of +16%. This performance is backed by strong Q4 2025 revenue beats and becoming the first public quantum company to exceed $100 million in GAAP revenue, distinguishing it from Rigetti Computing (RGTI) and D-Wave Quantum (QBTS) which are both down significantly year-to-date despite a recent broad market rally. IonQ's robust business model, including trapped-ion technology and cloud partnerships, has provided stability against the volatility affecting its smaller rivals, who are more reliant on single milestones.
Rigetti Computing (Nasdaq:RGTI) - Stock Analysis
This Simply Wall St analysis of Rigetti Computing (Nasdaq:RGTI) highlights its current market cap of US$6.7 billion and notes it is 52.2% undervalued according to consensus analyst targets. The report details the company's financial health, future growth forecasts, and recent news including the launch of its 108-qubit Cepheus-1-108Q system and plans for international expansion. Despite significant insider selling and ongoing unprofitability, Rigetti shows strong revenue growth forecasts and positive advancements in quantum computing technology.
RGTI Stock Rallies As Quantum Roadmap Sharpens
Rigetti Computing Inc. (RGTI) stock rallied 7.23% following the launch of its 108-qubit Cepheus-1-108Q system, which triples its prior qubit count and aims for quantum advantage in three years. Despite mixed analyst ratings, the company's strong cash position and technological advancements are attracting active traders who see significant upside potential in this high-risk, high-reward quantum computing play. The upcoming Q1 2026 earnings call on May 11, 2026, will be a key checkpoint for further developments.
Rigetti Computing Misses DARPA Quantum Benchmarking Initiative Stage 2 - News and Statistics
Rigetti Computing failed to advance to Stage 2 of DARPA's Quantum Benchmarking Initiative, indicating its quantum computing solution currently trails competitors like IonQ, Google, and IBM. This setback, coupled with weak Q4 revenue of $1.9 million compared to IonQ's $61.9 million, highlights challenges for the company. Rigetti's approach using superconducting qubits, also employed by better-funded rivals, puts it in direct competition with formidable entities.
RGTI Stock Climbs As Quantum Roadmap Gains Wall Street Attention
Rigetti Computing Inc. (RGTI) stock has climbed by 6.95% due to heightened optimism regarding its quantum technology advancements, specifically its new 108-qubit Cepheus-1-108Q system. While the company is still early-stage with significant cash burn, it possesses a strong balance sheet. Wall Street analysts have mixed views, with Mizuho maintaining an Outperform rating but cutting its price target, and Northland initiating coverage with a Market Perform rating.
Rigetti Computing Earnings Preview: RGTI Faces Cash Burn Test as Quantum Progress Builds
Rigetti Computing (RGTI) is preparing to release its Q1 earnings, with investors closely watching for progress on Novera orders, the 108-qubit system deployment, and the C-DAC timeline. Despite strong technological advancements and a solid cash position, the company faces significant challenges with cash burn and turning its quantum innovations into consistent commercial revenue. The upcoming report will be crucial in determining if Rigetti can maintain investor confidence amidst its ambitious roadmap and continued financial pressure.
Rigetti Computing to Participate in Fireside Chat at 21st Annual Needham Technology, Media, & Consumer Conference
Rigetti Computing (Nasdaq: RGTI) announced that its CEO, Dr. Subodh Kulkarni, and CFO, Jeff Bertelsen, will attend the 21st Annual Needham Technology, Media, & Consumer Conference. Dr. Kulkarni is scheduled to participate in a fireside chat on May 13, 2026, at 8:45 AM ET, and both executives will host one-on-one meetings. A live webcast of the event will be available on Rigetti's investor relations website, with a replay accessible for 90 days afterward.
Analysts Are Bullish on Top Technology Stocks: Rigetti Computing (RGTI), Adeia (ADEA)
Rosenblatt Securities analysts have issued bullish ratings for two technology stocks: Rigetti Computing (RGTI) and Adeia (ADEA). John McPeake reiterated a Buy rating for Rigetti Computing with a $40 price target, while Kevin Cassidy maintained a Buy rating for Adeia with the same price target. Both analysts have strong track records in the Technology sector according to TipRanks.
Rigetti CEO, CFO to meet investors at Needham on May 13
Rigetti Computing (Nasdaq: RGTI) announced that CEO Dr. Subodh Kulkarni will participate in a fireside chat and hold one-on-one investor meetings with CFO Jeff Bertelsen at the 21st Annual Needham Technology, Media, & Consumer Conference on May 13, 2026, at 8:45 AM ET. A live webcast will be available via Rigetti's investor relations website, with a replay accessible for 90 days. The announcement continues Rigetti's recent pattern of operational and investor updates, with past stock reactions to news often showing mixed or negative results, though a recent product launch saw a positive move.
Quantum AI Market Set to Boom Rapidly, Witnessing Strong Growth
A new research report forecasts rapid growth for the Quantum AI Market through 2033, driven by advancements in quantum computing hardware, algorithms, and hybrid computing models. The report, by Coherent Market Insights, identifies key trends like quantum machine learning and cloud-based quantum platforms, highlighting the market's potential for industries such as drug discovery, finance, and logistics, despite challenges like high R&D costs. It provides a comprehensive analysis of market dynamics, competitive landscapes, and segmentation to guide stakeholders in this emerging field.
Rigetti Computing Faces Major Challenges in Quantum Race
Rigetti Computing faces significant challenges in the quantum computing market, including lagging product advancement, declining revenue in Q4 2024, and intense competition from well-funded rivals like IBM and Google. Analysts recommend avoiding Rigetti stock due to its underperformance and suggest investors consider other rapidly growing quantum computing companies or related ETFs. The company's choice of superconducting qubits places it on a competitive path, further diminishing its chances of success.
Rigetti Computing to Participate in Fireside Chat at 21st Annual Needham Technology, Media, & Consumer Conference
Rigetti Computing announced that CEO Dr. Subodh Kulkarni and CFO Jeff Bertelsen will participate in one-on-one meetings, and Dr. Kulkarni will present a fireside chat at the 21st Annual Needham Technology, Media, & Consumer Conference on May 13, 2026. The event will be webcast live, and a replay will be available for 90 days. Rigetti is a leading company in hybrid quantum-classical computing, noted for its superconducting qubits and advanced quantum computing systems.
