Rigetti Q4 revenue misses estimates, EPS meets expectations

Rigetti Computing

04/03/2026 21:37

Overview

Quantum computing firm's Q4 revenue missed analyst expectations

Adjusted EPS for Q4 met analyst expectations

Company received $8.4 mln order for 108-qubit system from India's C-DAC

Outlook

Rigetti anticipates significant Q1 revenue growth from $5.7 mln Novera system orders

Company expects to deploy 108-qubit system in second half of 2026

Rigetti sees continued demand for quantum systems from government and research institutions

Result Drivers

QUANTUM SYSTEM FIDELITY - Rigetti improved two-qubit gate fidelity across monolithic and chiplet-based systems, enhancing performance and scalability

INCREASED DEMAND - Growing demand for on-premises quantum systems from government and research institutions, highlighted by C-DAC's $8.4 mln order

Company press release: ID:nGNX6JJhvw

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$1.90 mln
$2.34 mln (10 Analysts)
Q4 Adjusted EPS
Meet
-$0.03
-$0.03 (7 Analysts)
Q4 Operating Income
-$22.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Rigetti Computing Inc is $40.00, about 135.8% above its March 3 closing price of $16.96

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)