Rigetti Computing Inc. (NASDAQ:RGTI) posted its third-quarter fiscal 2026 results after Tuesday’s closing bell, missing estimates on the top and bottom lines. Here’s a look at the details inside the report.
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Rigetti Q3 Details
Rigetti reported quarterly losses of six cents per share, which missed the consensus estimate for a loss of five cents, per Benzinga Pro data.
Quarterly revenue of $1.41 million missed the analyst estimate of $3.52 million and was down from $1.95 million in the same period last year.
Operating loss for the quarter was $33.2 million and non-GAAP net loss was $20.5 million.
As of Sept. 30, 2026, cash, cash equivalents and available-for-sale investments totaled $497.1 million. The company had no debt.
“Rigetti delivered meaningful progress during the third quarter across system performance, technology development and strategic execution,” said Dr. Subodh Kulkarni, Rigetti CEO.
“Our Cepheus-1-108Q system achieved our goal of 99.5% median two-qubit gate fidelity, demonstrating continued performance improvement at the 100-plus-qubit level and further validating our chiplet-based approach to scaling superconducting quantum computers,” Kulkarni added.
Looking Ahead
Rigetti expects fiscal 2026 revenue of approximately $20 million, assuming C-DAC customer acceptance and associated revenue recognition in the fourth quarter.
RGTI Stock Price: According to data from Benzinga Pro, Rigetti stock was down 7.24% to $11.30 in Tuesday’s extended trading.
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