Rigetti Creates Systems Delivery Unit as Quantum System Deployments Grow
Rigetti Computing has established a new Systems Delivery organization and a Chief Operating Officer role to manage increasing on-premises quantum system deployments. David Rivas has been appointed COO, overseeing operations, system delivery, and commercial functions, while Andrew Bestwick becomes CTO, focusing on quantum processor development. This restructuring aims to streamline system deployment and customer success, allowing engineering teams to concentrate on advancing processor performance and technology roadmap goals.
Rigetti Restructures Operations to Scale On-Premises Quantum Deployments
Rigetti Computing has announced a new operating structure to enhance the deployment of on-premises quantum systems and streamline operations. This restructuring includes creating a dedicated Systems Delivery organization and a Chief Operating Officer role, filled by David Rivas, to oversee manufacturing and customer functions. Andrew Bestwick has been appointed Chief Technology Officer, focusing on quantum processor development, allowing engineering teams to concentrate on advancing technology and performance.
Rigetti Computing Restructures Leadership for Quantum Systems Growth
Rigetti Computing (RGTI) has restructured its operating model to meet the growing demand for on-premises quantum systems. This involved establishing a dedicated Systems Delivery organization and promoting David Rivas to Chief Operating Officer and Andrew Bestwick to Chief Technology Officer. The changes aim to streamline customer deployments and accelerate the development of quantum processors, with analysts giving RGTI a "Buy" rating and Spark, TipRanks’ AI Analyst, rating it as "Neutral" due to profitability concerns despite strong liquidity.
Rigetti appoints David Rivas as Chief Operating Officer
Rigetti has appointed David Rivas as its new Chief Operating Officer, effective August 18, 2026, promoting him from his previous role as Chief Technology Officer. Rivas will receive an increased base salary of $440,000 in his new position. He has served as CTO since February 2023 and previously as SVP, Systems and Services since March 2019, overseeing engineering and operations for the Quantum Cloud Services platform.
Rigetti (NASDAQ: RGTI) targets 99.5% fidelity, reshapes leadership
Rigetti Computing, Inc. (NASDAQ: RGTI) has announced a new operating structure and leadership appointments to scale its on-premises quantum systems and advance its quantum processor roadmap. David Rivas has been appointed Chief Operating Officer, overseeing systems delivery and commercial functions, while Andrew Bestwick, Ph.D., is the new Chief Technology Officer, focusing on quantum processor development. The company aims for 99.5% median two-qubit gate fidelity on its Cepheus-1-108Q system.
Rigetti Computing Establishes Dedicated Systems Delivery
Rigetti Computing (Nasdaq: RGTI) has created a dedicated Systems Delivery organization and appointed David Rivas as Chief Operating Officer to scale the deployment of on-premises quantum systems and strengthen operational execution. Andrew Bestwick, Ph.D., has been named Chief Technology Officer, focusing engineering resources on quantum processor development. This strategic reorganization aims to enhance customer deployments and advance Rigetti's quantum processor roadmap.
What Rigetti Computing (RGTI)'s Quantum R&D Funding Boost and Wider Losses Mean For Shareholders
Rigetti Computing reported increased Q2 2026 sales but also wider net losses, despite securing a US$100 million letter of intent for quantum R&D funding from the U.S. Department of Commerce. This funding strengthens Rigetti's role in government-backed quantum initiatives but introduces potential risks like future equity dilution, while the company still faces the challenge of converting research contracts into sustainable commercial business. Analysts have varied forecasts for the company's future revenue and profitability, highlighting the speculative nature of its investment.
Rigetti Computing (NASDAQ:RGTI) stock in focus on qubit fidelity milestone
Rigetti Computing (NASDAQ:RGTI) has drawn attention after announcing a significant improvement in the fidelity of its two-qubit gates, a crucial technical advancement for quantum computing reliability. This milestone is vital for making quantum computers more reliable and capable of solving complex problems beyond conventional machines. Despite the speculative nature of the quantum computing market and intense competition, Rigetti's vertically integrated approach and continuous technical progress solidify its position as a serious contender in the field.
3 Quantum Computing Stocks With the Most Upside in August
Quantum computing stocks are considered a polarizing and speculative bet, but recent White House executive orders have provided a tailwind. This article highlights three quantum computing companies—Rigetti Computing (RGTI), IonQ (IONQ), and D-Wave Quantum (QBTS)—that analysts believe have significant upside potential despite their pre-profit status and high valuations. Each company is discussed with its recent financial performance, strategic developments, and associated risks.
Is It Worth Investing in Rigetti Computing (RGTI) Based on Wall Street's Bullish Views?
Rigetti Computing (RGTI) currently holds an average brokerage recommendation (ABR) of 1.69, indicating a strong buy to buy sentiment from 13 brokerage firms. However, the article cautions against relying solely on ABRs due to potential analyst bias, suggesting that the Zacks Rank, which is based on earnings estimate revisions, provides a more reliable indicator of a stock's future price movement. Despite the bullish ABR, Rigetti Computing has a Zacks Rank #3 (Hold) because its current-year earnings estimate has remained unchanged, prompting a cautious investment approach.
Is Rigetti Computing (RGTI) Fully Valued After CHIPS Act Funding News And Quantum Progress?
Rigetti Computing (RGTI) has seen a recent surge due to CHIPS Act funding news, progress on its Cepheus-1-108Q system, and expanded partnerships. Despite a 33.38% 30-day return, the stock is still down 20.25% year-to-date and is considered overvalued by Simply Wall St, with a fair value of $16.00 compared to its $18.82 close. The company faces risks from ongoing losses and a small revenue base relative to its market value.
Dimensional Fund Advisors LP Sells 160,405 Shares of Rigetti Computing, Inc. $RGTI
Dimensional Fund Advisors LP significantly reduced its stake in Rigetti Computing, Inc. (NASDAQ:RGTI) by 93.4% in the first quarter, selling over 160,000 shares. Despite this, institutional investors collectively own 35.38% of the company, and analyst sentiment remains largely positive with a "Moderate Buy" consensus. The article also notes significant insider selling, particularly by CTO David Rivas, and reviews Rigetti's recent earnings report which met EPS expectations.
Rigetti Computing (NASDAQ:RGTI) Trading Up 1.1% - Here's Why
Rigetti Computing (NASDAQ:RGTI) saw its shares increase by 1.1% in mid-day trading to $18.82, despite trading volume being 49% below average. The company received a "Moderate Buy" consensus rating from analysts with an average price target of $30.67. This comes after the company met earnings expectations with an adjusted loss of $0.05 per share and revenue of $5.14 million, although insiders sold a significant number of shares totaling $17.5 million.
Is Rigetti Computing (RGTI) Fully Valued Following Grant And Quantum Progress News?
Rigetti Computing (RGTI) has seen renewed attention due to a potential US$100 million U.S. government grant, progress on its 108-qubit Cepheus 1 system, and strengthened ties with Hewlett Packard Enterprise. Despite recent share price gains, the stock is still down year-to-date, with analysts suggesting it is 16.4% overvalued at $18.62 compared to a fair value of $16.00. The company remains a high-risk, high-reward pre-scale quantum hardware firm, with its valuation heavily reliant on future technical and commercial milestones rather than current fundamentals.
Rigetti Computing: Challenges and Future Prospects
Rigetti Computing, despite technological advancements like its 108-qubit system and a $100 million government grant, faces significant financial challenges. The company reports high operating expenses, minimal revenue, and a substantial net loss, leading to an extremely high price-to-sales ratio that suggests overvaluation. Commercialization of quantum computing is decades away, posing long-term investment risks for Rigetti due to sustained high R&D costs, potential stock dilution, and uncertain future demand.
Is Rigetti Computing (RGTI) Fully Valued Following Grant And Quantum Progress News?
Rigetti Computing (RGTI) is experiencing renewed interest due to a potential US$100 million U.S. government grant, progress on its 108 qubit Cepheus 1 108Q system, and strengthening ties with Hewlett Packard Enterprise. Despite recent stock price gains, the company's valuation is considered overvalued at $18.62 compared to a fair value of $16.00, reflecting its pre-scale quantum hardware status and reliance on future technical and commercial milestones. Investors are underwriting significant future success, though the company faces risks from its early-stage revenue base and heavy losses.
Rigetti Computing (NASDAQ:RGTI) Shares Up 1.1% - Here's Why
Rigetti Computing (NASDAQ:RGTI) shares increased by 1.1% to $18.62, with trading volume lower than average. Analysts generally have a "Moderate Buy" rating for the stock, with an average price target of $30.67. The company recently met earnings expectations with an adjusted loss of $0.05 per share and revenue slightly above estimates.
Rigetti Computing Inc (RGTI) Stock News Today
This article provides a list of recent news headlines related to Rigetti Computing Inc (RGTI) stock. It highlights stories about government consideration of stakes in quantum computing firms, rallies in quantum and storage shares, and bullish remarks from Jensen Huang on quantum computing. The news reflects growing interest and positive sentiment around quantum computing stocks.
Rigetti Computing Inc (RGTI) Stock Analysis & Forecast
This article provides an analysis and forecast for Rigetti Computing Inc (RGTI) stock, compiling various news articles and market updates related to the company. It highlights the impact of US government initiatives in quantum computing on RGTI's stock performance and discusses price movements, technical indicators, and future prospects for the company.
Rigetti Computing (NASDAQ:RGTI) Trading 2.5% Higher - What's Next?
Rigetti Computing (NASDAQ:RGTI) saw its shares rise 2.5% to $18.09, despite trading volume being significantly below its daily average. The company met its quarterly earnings expectations with a loss of $0.05 per share and revenue of $5.14 million, though profitability metrics remain negative. Analyst sentiment is generally positive, with a "Moderate Buy" consensus rating and an average price target of $30.67, while insiders have recently sold a substantial number of shares.
RGTI Q2 Earnings Call Focuses on Fidelity and Government Support
Rigetti Computing, Inc. (RGTI) held its Q2 earnings call, emphasizing technical execution, government support, and customer engagement as it advances its quantum computing roadmap. The company reported revenues of $5.1 million, exceeding estimates, though non-GAAP loss per share was wider than anticipated. CEO Subodh Kulkarni discussed improvements in qubit fidelity, the potential impact of a $100 million U.S. Department of Commerce letter of intent, and expanding demand for their quantum systems from government, academic, and commercial sectors.
Is Rigetti Stock a Buy or Hold After Its Q2 Earnings Report?
Rigetti Computing (RGTI) is experiencing renewed investor interest after its strong Q2 2026 earnings, which showed significant revenue growth and technological advancements in quantum computing. Despite these positive developments and potential government funding, the company continues to operate at a significant loss, and commercialization is still in its early stages. Investors are weighing the ambitious roadmap against ongoing financial losses to decide if the stock is a "Buy" or "Hold."
Rigetti Computing, Inc. (NASDAQ:RGTI) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates
Rigetti Computing (NASDAQ:RGTI) recently released its second-quarter results, with revenues meeting expectations at US$5.1m, but statutory losses increasing to US$0.16 per share. Analysts have updated their forecasts, maintaining revenue estimates for 2026 at US$23.3m but significantly increasing loss per share expectations to US$0.24. Despite the higher forecast losses, the consensus price target remained at US$28.81, indicating that analysts do not foresee a long-term impact on the company's valuation.
Rigetti Computing Shares Plunge Amid Investor Skepticism
Rigetti Computing's shares plunged 22.6% last month due to investor skepticism regarding unprofitable companies in the AI and quantum computing sectors, driven by high R&D costs and an operating loss of $54 million against low revenue. Despite having a strong cash position of $541.3 million with no debt, the company faces concerns about its high valuation, reflected in a price-to-sales ratio of 444. Analysts, however, maintain a "Moderate Buy" rating with an average price target significantly higher than its current stock price, indicating a bullish long-term outlook for the quantum computing firm.
Rigetti Computing, Inc. (NASDAQ:RGTI) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates
Rigetti Computing, Inc. (NASDAQ:RGTI) recently released its second-quarter results, showing revenues in line with expectations at US$5.1m, but statutory losses per share increased to US$0.16. Analysts have updated their forecasts for 2026, predicting revenues of US$23.3m (a 74% increase) but a significant increase in loss per share expectations to US$0.24. Despite the mixed outlook on losses, the consensus price target remains steady at US$28.81, indicating that the higher forecast losses are not expected to impact long-term valuation.
Rigetti Computing (NASDAQ:RGTI) Issues Earnings Results, Hits Expectations
Rigetti Computing (NASDAQ:RGTI) met its Q2 earnings expectations, reporting a loss of $0.05 per share and revenue of $5.14 million, exceeding estimates. The company saw a significant 185% year-over-year revenue increase driven by Novera quantum-processing-unit sales and improved gross margins. Despite increased operating expenses and a wider non-GAAP net loss, RGTI shares rose 8.5% post-results, with analysts maintaining a "Moderate Buy" rating and an average price target of $30.67.
Rigetti Computing Reports Q2 2026 Financial Results: Revenue Up 185% YoY, $100M CHIPS Act LOI, and HPE Supercomputing Partnership
Rigetti Computing reported strong Q2 2026 financial results, with revenue increasing by 185% year-over-year to $5.14 million. The company also announced a significant Letter of Intent for up to $100 million in CHIPS Act funding and a partnership with Hewlett Packard Enterprise and the Pittsburgh Supercomputing Center for a new HPC deployment. Rigetti continues to advance its hardware roadmap, targeting 1,000-qubit systems within three years, and maintaining a solid financial position with $541.3 million in cash and no debt.
Rigetti Computing, Inc. Stock 12‑Month Price Target Cut to $29.55, Implies 79% Upside
Rigetti Computing, Inc.'s average stock price target has been reduced from $30.45 to $29.55 by 11 analysts, with forecasts ranging from $18 to $40 per share. This updated target suggests a potential upside of approximately 79% from its Aug. 6 closing price. Despite the target cut, the consensus rating from 14 analysts remains a "Buy."
Rigetti Q2 Earnings Miss Estimates on Higher Costs, Revenue Beat
Rigetti Computing (RGTI) reported mixed results for Q2 2026, with adjusted loss per share of 5 cents missing analyst estimates, while total revenues of $5.1 million surpassed expectations due to increased demand for its quantum computing systems. Despite significant year-over-year revenue growth and advancements in its Cepheus platform, the company's profitability was impacted by higher operating expenses, including increased research and development and selling, general, and administrative costs. Rigetti maintains a strong financial position with $393.7 million in cash and no debt, and is pursuing a long-term roadmap targeting enhanced qubit performance.
Rigetti Computing, Inc. (RGTI) Q2 2026 Earnings
Rigetti Computing, Inc. announced its Q2 2026 earnings, reporting that revenue nearly tripled year over year due to on-premises quantum system deliveries, reaching $5M, which met estimates. Despite this, the GAAP net loss widened to $52.61 million and adjusted EPS of -$0.05 missed expectations. The company ended the quarter with no debt and is in line for up to $100 million in CHIPS Act funding.
Rigetti Computing Reports Second Quarter 2026 Financial Results
Rigetti Computing, Inc. announced its Q2 2026 financial results, reporting $5.1 million in revenue and a GAAP net loss of $52.6 million. The company highlighted strategic advancements including an expanded collaboration with HPE for a hybrid quantum-classical supercomputer, progress on its technology roadmap, and a letter of intent for up to $100 million in U.S. government funding to accelerate R&D in superconducting quantum computing. Rigetti maintains a strong cash position and no debt, supporting continued investment in its technology roadmap and market opportunities.
Rigetti Computing Reports Second Quarter 2026 Financial Results
Rigetti Computing announced its second-quarter 2026 financial results, reporting $5.1 million in revenue, a $28.1 million operating loss, and a strong cash position of $541.3 million. The company highlighted advancements in hybrid quantum-classical computing, on-premises system deployments, and its superconducting quantum computing technology roadmap. Rigetti also noted a letter of intent with the U.S. Department of Commerce for up to $100 million in potential funding to accelerate R&D.
Rigetti Computing (Nasdaq: RGTI) Q2 2026 revenue climbs to $5.1M
Rigetti Computing (Nasdaq: RGTI) reported Q2 2026 revenue of $5.1 million, an increase from $1.8 million in Q2 2025, with a gross profit of $2.2 million. Despite this revenue growth, the company posted a GAAP net loss of $52.6 million due to increased operating expenses and a loss from derivative warrant liabilities. Rigetti also announced a letter of intent with the U.S. Department of Commerce for up to $100 million in potential CHIPS Act funding and is advancing its quantum computing technology, including a roadmap towards 1,000-qubit systems.
Rigetti Computing Q2 Shows Commercial Mix Inflection on Novera Shipments, Wedbush Says
Rigetti Computing (RGTI) reported solid Q2 results, primarily driven by shipments of its Novera quantum computing systems. Wedbush analysts noted that these shipments signify a positive shift in the company's commercial mix. However, the full article is behind a paywall, requiring a premium subscription to access detailed information.
Rigetti Computing Q2 Adjusted Loss Widens, Revenue Rises
Rigetti Computing (RGTI) reported a wider non-GAAP loss of $0.05 per diluted share in Q2, compared to a loss of $0.04 per share in the previous year. However, the company's revenue increased to $3.4 million from $2.1 million year-over-year. The article mentions that further details are available for premium subscribers.
Rigetti Computing Reports Second Quarter 2026 Financial Results
Rigetti Computing announced its second-quarter 2026 financial results, reporting $5.1 million in total revenues and a GAAP net loss of $52.6 million. The company highlighted strategic advancements including an expanded collaboration with Hewlett Packard Enterprise and the Pittsburgh Supercomputing Center for a hybrid quantum-classical supercomputer, and a letter of intent with the U.S. Department of Commerce for up to $100 million in potential R&D funding. Rigetti also reported progress in technology milestones, including improved qubit fidelities and a roadmap towards higher-qubit systems.
Rigetti Computing (NASDAQ:RGTI) Dips After Q2 Revenue Slightly Misses Estimates
Rigetti Computing (NASDAQ:RGTI) reported Q2 results with revenue slightly missing analyst estimates at $5.1 million versus $5.3 million expected, while non-GAAP EPS was in line at -$0.05. The stock dipped about 3.8% in after-hours trading, giving back some of its recent gains. The company highlighted operational progress, including expanded collaborations and advances in qubit gate fidelity, and mentioned potential funding of up to $100 million from the U.S. Department of Commerce.
Rigetti’s Quantum System Sales Are Accelerating and the Stock Is Tumbling
Rigetti Computing reported slightly better-than-expected revenue in its second quarter, driven by increasing sales of its quantum system. Despite this revenue growth, the company's stock declined due to widening losses and ongoing commercialization expenses. The article highlights that while system sales are accelerating, profitability remains a challenge for Rigetti.
Rigetti Computing, Inc. (RGTI) Reports Q2 Loss, Tops Revenue Estimates
Rigetti Computing, Inc. (RGTI) reported a Q2 loss of $0.05 per share, matching the previous year's loss, but missing the Zacks Consensus Estimate. However, the company surpassed revenue estimates, posting $5.14 million against an estimated $4.92 million. Despite recent revenue beats, RGTI shares have underperformed the S&P 500 year-to-date, and currently hold a Zacks Rank #3 (Hold).
Earnings Flash (RGTI) Rigetti Computing, Inc. Posts Q2 Adjusted Loss $0.05 per Share, vs. FactSet Est of $-0.05
Rigetti Computing, Inc. (RGTI) reported a Q2 adjusted loss of $0.05 per share, matching FactSet estimates. The company's Q2 revenue was $5.1 million, also in line with FactSet's estimate. This earnings flash indicates that Rigetti's financial performance for the second quarter was consistent with analyst expectations for both adjusted loss and revenue.
Rigetti Computing (NASDAQ:RGTI) Hardware Revenue Climbs; Rally Faces Challenge from Buyer Concentration
Rigetti Computing (NASDAQ:RGTI) saw its hardware revenue climb by 185% to $5.14 million in Q2, primarily driven by quantum system sales, which accounted for 79.8% of total revenue. However, 80% of this hardware revenue came from just two customers, and operating losses increased by 41% to $28.06 million, raising concerns about buyer concentration and sustained growth despite a significant cash position. Analysts are largely optimistic with an average price target of $30.45, suggesting an 84% gain, but the company faces execution risks related to its technology roadmap and the reliance on a narrow customer base.
Discipline and Rules-Based Execution in RGTI Response
This article analyzes Rigetti Computing Inc. (NASDAQ: RGTI) using AI models, identifying strong near and mid-term sentiment but a weak long-term outlook. It highlights support testing, potential resistance, and an exceptional risk-reward setup targeting a significant gain with minimal risk. Three distinct trading strategies are provided, tailored to different risk profiles, along with multi-timeframe signal analysis.
Rigetti Computing (NASDAQ:RGTI) Shares Down 3.8% - Time to Sell?
Rigetti Computing (NASDAQ:RGTI) shares dropped 3.8% to $16.78, falling below key moving averages, despite a substantial 198.9% year-over-year revenue increase and beating earnings expectations. The company, however, continues to report significant losses, and insiders have sold approximately $17.5 million in stock over the past 90 days. Wall Street analysts maintain a "Moderate Buy" consensus with a $32.00 price target, though recent insider selling and the stock's performance raise questions for investors.
IONQ, RGTI, QBTS Stocks Lag In 2026, But Retail Traders Continue To Buy The Quantum Vision
Quantum computing stocks like IonQ (IONQ), Rigetti Computing (RGTI), and D-Wave Quantum (QBTS) have seen significant declines in 2026 due to valuation concerns and slow commercial adoption. Despite this, retail traders remain bullish on the sector's long-term potential, as evidenced by a Stocktwits poll where 81% expressed optimism. Wedbush recently initiated coverage on these companies with Outperform ratings, highlighting the industry's early stage and the need for expansion beyond government funding to achieve sustainable commercial success.
Rigetti Computing Inc expected to post a loss of 5 cents a share - Earnings Preview
Rigetti Computing Inc (RGTI) is projected to report a loss of 5 cents per share in its upcoming earnings announcement. This information is derived from a Refinitiv article, with the full content available to subscribers of TradingView's news services.
RGTI Stock Jumps As Analysts And TangleLab Deal Fuel Momentum
Rigetti Computing Inc. (RGTI) stock has surged over 8.5% due to positive analyst coverage from Wedbush and Benchmark, along with a significant partnership with TangleLab. Wedbush initiated an Outperform rating with a $40 price target, and Benchmark issued a Buy rating with a $25 target, both highlighting the company's long-term growth in quantum computing. The TangleLab deal integrates Rigetti's 9-qubit Novera system into an NSF-funded supercomputing testbed, further boosting investor confidence alongside potential CHIPS Act funding.
Rigetti Computing (NASDAQ:RGTI) Trading Up 7.2% - Here's What Happened
Rigetti Computing (NASDAQ:RGTI) shares increased by 7.2% to $16.02 on Monday, following better-than-expected quarterly results which included a 198.9% year-over-year revenue increase to $4.40 million. Despite positive analyst sentiment with a consensus "Moderate Buy" rating and a $32 target price, insiders sold a significant amount of shares worth approximately $17.5 million in the last quarter. The company also announced an adjusted loss of $0.04 per share, beating analyst estimates.
Why Rigetti Computing Stock Popped Today
Rigetti Computing (RGTI) shares rose over 7% after Wedbush initiated coverage with an Outperform rating and a $40 price target. Wedbush cited progress in the quantum-computing company's technology, expanding customer base, and a proposed $100 million funding agreement with the U.S. Department of Commerce. Other analysts like Benchmark, Cantor Fitzgerald, and Craig-Hallum also maintain bullish ratings on the stock.
RGTI Stock Jumps As Benchmark Hikes Price Target And NSF Deal Lands
Rigetti Computing Inc. (RGTI) stock has surged by 8.39% due to strong investor optimism. This rise is fueled by Benchmark initiating coverage with a Buy rating and a $25 price target, and a new NSF-funded TangleLab partnership integrating Rigetti's 9-qubit Novera system into a supercomputing testbed. The company, an early-stage quantum computing pure-play, also benefits from potential CHIPS Act funding, driving significant market attention despite its current high valuation and operating losses.
Rigetti Computing (NASDAQ:RGTI) Receives "Outperform" Rating from Wedbush
Wedbush has reiterated an "Outperform" rating for Rigetti Computing (NASDAQ:RGTI), setting a $40 price target, which suggests a 156% upside. The company exceeded quarterly expectations with an adjusted EPS of -$0.04 and revenue of $4.40 million, a 198.9% increase year-over-year. Despite positive analyst sentiment and strong revenue growth, insider selling of 728,901 shares valued at approximately $17.5 million was noted in the past 90 days.
