Rigetti Computing (NASDAQ:RGTI) Issues Earnings Results

Posted by Geri Gentry on Nov 10th, 2026

Rigetti Computing (NASDAQ:RGTI – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01), FiscalAI reports. The firm had revenue of $1.41 million for the quarter, compared to analysts’ expectations of $3.52 million. Rigetti Computing had a negative net margin of 2,189.54% and a negative return on equity of 17.50%.

Rigetti Computing Stock Performance

RGTI traded down $0.83 during trading on Tuesday, reaching $12.15. 17,447,145 shares of the company traded hands, compared to its average volume of 28,026,885. The company has a market cap of $4.06 billion, a P/E ratio of -13.50 and a beta of 2.15. Rigetti Computing has a 12-month low of $9.19 and a 12-month high of $32.18. The firm has a fifty day simple moving average of $13.91 and a 200 day simple moving average of $16.84.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RGTI. Wall Street Zen cut shares of Rigetti Computing from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Benchmark assumed coverage on shares of Rigetti Computing in a research report on Monday, July 27th. They set a “buy” rating and a $25.00 price objective on the stock. Wedbush initiated coverage on shares of Rigetti Computing in a research note on Monday, August 3rd. They set an “outperform” rating and a $40.00 target price on the stock. B. Riley Financial cut their price target on Rigetti Computing from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Monday. Finally, Jefferies Financial Group reissued a “hold” rating and set a $18.00 price target on shares of Rigetti Computing in a report on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Rigetti Computing presently has an average rating of “Hold” and a consensus target price of $29.33.

View Our Latest Stock Report on Rigetti Computing

Insider Activity at Rigetti Computing

In related news, CEO Subodh Kulkarni sold 120,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $15.68, for a total transaction of $1,881,600.00. Following the completion of the transaction, the chief executive officer owned 140,411 shares in the company, valued at approximately $2,201,644.48. This represents a 46.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO David Rivas sold 9,038 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $16.79, for a total transaction of $151,748.02. Following the transaction, the chief operating officer directly owned 316,907 shares of the company’s stock, valued at $5,320,868.53. The trade was a 2.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 163,689 shares of company stock worth $2,570,890 over the last ninety days. 1.60% of the stock is owned by corporate insiders.

Rigetti Computing News Roundup

Here are the key news stories impacting Rigetti Computing this week:

Positive Sentiment: B. Riley maintains a Buy rating and sees substantial potential upside, although it lowered its price target to $23 from $25. Recent gains across quantum-computing stocks after IonQ raised its outlook also provided a sector tailwind. B. Riley price-target article
Neutral Sentiment: Rigetti is scheduled to report third-quarter results after the market closes on Nov. 10. Analysts’ consensus estimates call for $3.30 million in revenue and a loss of $0.06 per share, making the report a near-term catalyst. Rigetti earnings preview
Negative Sentiment: Investors may be wary of Rigetti’s results after D-Wave reported a wider-than-expected loss and rising costs, weighing on quantum stocks despite its revenue beat. Rigetti’s earnings are also expected to be scrutinized for cash burn, progress toward commercialization, and profitability. Quantum stocks react to D-Wave results Cash-burn concerns ahead of earnings

Rigetti Computing Company Profile

(Get Free Report)

Rigetti Computing develops superconducting quantum computers and related software. Its work spans the design and manufacture of quantum processors, as well as systems that connect quantum processors with conventional computing infrastructure. The company offers access to its quantum computers and development tools through its Quantum Cloud Services platform. It also provides quantum hardware for on-premises use, serving customers and research organizations exploring quantum applications. Founded in 2013 by physicist Chad Rigetti, the company is based in Berkeley, California.