Rigetti posts weaker Q2 sales but secures $350 million, ending with $571.6 million in cash and no debt to fuel its quantum ambitions.
Rigetti Computing (RGTI) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
I maintain Rigetti Computing with a sell despite recent technical progress, as profitability and commercialization remain years away. Rigetti's Q2 earnings missed expectations, with revenue down 41% year-over-year and ongoing heavy cash burn raising sustainability concerns. Valuation is extremely stretched, trading on speculative hype rather than fundamentals, with significant downside risk if momentum fades.
Rigetti posts a narrower adjusted Q2 loss and unveils its largest quantum computer, but revenue declines 41.6% year over year.
Rigetti Computing, Inc. is making strong technical progress, launching a 36-qubit system and targeting a 100+ qubit machine with high fidelity by year-end. RGTI stock's valuation is extremely high, with current prices assuming rapid revenue growth and margin improvement that are not yet visible in the business. The company remains heavily reliant on government funding, which is unpredictable and subject to political delays, impacting near-term revenue.
Rigetti Computing, Inc. (NASDAQ:RGTI ) Q2 2025 Earnings Conference Call August 12, 2025 5:00 PM ET Company Participants Jeffrey A. Bertelsen - Chief Financial Officer Subodh K.
Rigetti Computing, Inc. (RGTI) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to a loss of $0.07 per share a year ago.
RGTI is betting on chiplet-based quantum systems to meet DARPA's benchmarks and secure a spot in its next program phase.
RGTI is likely to report Q2 results with tech gains in its 36-qubit system, but revenue growth hinges on wider customer adoption.
RGTI stock has been red-hot so far this year, but could earnings fuel another move higher?
Rigetti Computing (NASDAQ:RGTI) is set to announce its earnings on Tuesday, August 12, 2025. Historically, the stock has shown a greater likelihood of a negative one-day return following its earnings announcements.
RGTI hits 99.5% gate fidelity on its 36-qubit system, but revenue growth stays weak as customer use remains limited.