Rigetti Computing Sees 142.8% Upside with $5.7M and $5.8M Contracts
Rigetti Computing’s Q4 earnings will test if $5.7 million in orders from Novera and a $5.8 million AFRL contract can reverse two consecutive quarters of revenue declines and stabilize margins. Analysts also project a 142.8% average upside to price targets based on commercialization and hardware milestones.
1. Q4 Earnings Preview
Rigetti Computing will report fourth-quarter financials by the end of February 2026, highlighting whether recent traction in order bookings can reverse two quarters of declining revenue. Investors will scrutinize gross margin trends and any forward-looking guidance for hardware deployment.
2. Key Commercial Contracts
During the quarter, the company secured a $5.7 million order from Novera Technologies and a $5.8 million contract with the Air Force Research Laboratory, expanding its defense and enterprise client base. These deals serve as milestones for Rigetti’s commercialization strategy ahead of broader system rollouts.
3. Analyst Price Targets
Analysts currently assign an average price target 142.8% above the last closing price, reflecting confidence in Rigetti’s roadmap and potential hardware benchmarks. This bullish outlook depends on the company meeting key technological milestones and securing additional commercial or defense agreements in 2026.