Rigetti Computing Inc. (NASDAQ:RGTI) posted downbeat third-quarter fiscal 2026 results after Tuesday’s closing bell.

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.

“Rigetti delivered meaningful progress during the third quarter across system performance, technology development and strategic execution,” said Dr. Subodh Kulkarni, Rigetti CEO.

Rigetti expects fiscal 2026 revenue of approximately $20 million, assuming C-DAC customer acceptance and associated revenue recognition in the fourth quarter.

Rigetti shares fell 5% to trade at $11.55 on Wednesday.

These analysts made changes to their price targets on Rigetti following earnings announcement.

• Needham analyst N. Quinn Bolton maintained the stock with a Buy and lowered the price target from $31 to $15.
• StoneX analyst Gary Mobley maintained the stock with a Buy and lowered the price target from $25 to $20.

Considering buying RGTI stock? Here’s what analysts think:

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