Reports Q3 revenue $1.4M, consensus $3.52M. “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. We also signed a definitive $100M agreement with the U.S. Department of Commerce. Building on the progress achieved this quarter, our next major system objective is to demonstrate a 300-plus-qubit system with approximately 99.7% median two-qubit gate fidelity and gate speeds below 60 nanoseconds by mid-2028.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RGTI:
- Buy or Sell Rigetti Computing Stock Ahead of Earnings? Wall Street Final Verdict
- Rigetti Computing options imply 9.3% move in share price post-earnings
- Why Quantum Stocks D-Wave and Rigetti Are Falling Today — and What Wall Street Expects Next
- RGTI Earnings Today: Rigetti’s Revenue Is Rising, but Its Backlog Is Shrinking
- These Are the Stocks Reporting Earnings Today – November 10, 2026