RGTI•Rigetti Computing reported Q3 revenue of $1.40 million, below the $3.52 million analyst estimate, and an operating loss of $33.2 million. It signed a $100 million R&D agreement with the U.S. Department of Commerce and expects about $20 million in 2026 revenue, contingent on C-DAC customer acceptance.
Rigetti Computing reported Q3 revenue of $1.40 million, missing the $3.52 million analyst estimate. The company reported a net loss of $3.10 million and an operating loss of $33.20 million.
The company signed a $100 million R&D agreement with the U.S. Department of Commerce to support technology development. Rigetti expects 2026 revenue of about $20 million, contingent on C-DAC customer acceptance. It also reported 99.5% median two-qubit gate fidelity on its 108-qubit system.
