GET DAILY SIGNALSRigetti Computing (RGTI) Q3 2026 Earnings Preview: Revenue Set for +89% YoY Growth
Key Takeaways
- Rigetti Computing (RGTI) is scheduled to report third-quarter 2026 results after the market close on November 10, 2026, with its conference call at 5:00 p.m. ET.
- Wall Street consensus calls for roughly $3.7 million in revenue and an adjusted loss of about $0.05 per share, though estimates vary by firm.
- Revenue is expected to climb roughly 89% year over year (YoY) but decline about 28% sequentially, reflecting the lumpy timing of high-value quantum system sales.
- Investors are watching the $8.4 million C-DAC order expected to be recognized in Q4 2026 and a letter of intent (LOI) for up to $100 million in U.S. Department of Commerce funding.
- The company entered the quarter with roughly $541 million in cash and investments and no debt, a cushion against continued operating losses.
- Analyst sentiment remains broadly positive, with nine buy ratings and an average price target near $26.69.
- For more context on Rigetti's Major News, Today's Price Move, Price Targets, and Forecast, explore these dedicated pages.
- Explore Trending AI Robots to discover AI-driven trading strategies across the market.
Why This Earnings Report Matters
Rigetti's quarterly update provides insight into how a leader in full-stack superconducting quantum computing is turning technical progress into commercial results. The company builds its own quantum processing units and sells on-premises systems ranging from 9 to 108 qubits while offering cloud access via its Rigetti Quantum Cloud Services platform. Because revenue often comes from infrequent, large orders from labs, agencies, and research groups, quarterly figures can vary sharply. This report will help show whether the push toward quantum advantage and higher R&D outlays aligns with expectations in this early-stage, capital-heavy field.
What Analysts Expect
Consensus points to third-quarter revenue near $3.7 million, up about 89% from a year earlier yet down roughly 28% from the $5.13 million posted in the second quarter of 2026. The sequential drop stems from the timing of system deliveries and acceptances rather than any drop in demand. Analysts look for an adjusted net loss of about $0.05 per share, similar to the prior quarter. Zacks estimates revenue a bit lower at around $3.30 million, highlighting differing views on delivery schedules.
In the last quarter, Rigetti matched expectations on revenue and EPS, yet shares declined after hours as operating expenses rose 48% and the GAAP net loss expanded. Management noted the $8.4 million C-DAC order is unlikely to appear until the fourth quarter, so the current period will rely mainly on on-premises Novera QPU sales and cloud activity. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Market Sentiment Heading Into the Print
Investor mood is mixed. Shares of RGTI dropped about 18.5% in the third quarter and were down roughly 50% year to date through early November, as the market weighed high cash burn against longer-term potential. Still, analyst views stay constructive: thirteen firms rate the stock buy or hold, including nine buys, with an average price target near $26.69—well above recent levels around $13. B. Riley recently kept its buy rating but lowered its target to $25 from $35. Key risks include the timing of large deliveries, rising R&D and operating costs, and any delays with the C-DAC order or government funding.
What to Watch Going Forward
Beyond the headline figures, focus on delivery visibility and cost control. Management expects to recognize the $8.4 million C-DAC order in the fourth quarter of 2026 after installation and testing, so updates on that schedule will draw attention.
Progress on government and partnership fronts is another key area. Rigetti has announced a letter of intent for up to $100 million in U.S. Department of Commerce funding over three years, along with plans to invest up to $100 million in the United Kingdom for a 1,000-qubit system. A final agreement on the Commerce funding remains pending, so any new details will be noteworthy.
Technical milestones also deserve attention. The company aims for roughly 99.5% two-qubit gate fidelity by the end of 2026 and, over three years, about 1,000 qubits at 99.9% fidelity with gate speeds under 40 nanoseconds. With a solid cash position and no debt, Rigetti has room to pursue these targets, yet the market will seek signs that spending is producing scalable revenue.
Using Tickeron’s AI Tools in My Research
When preparing analyses like this one on RGTI, I often turn to Tickeron’s AI Daily Buy/Sell Signals to quickly gauge momentum and compare signals across similar names. The platform helps surface timely alerts based on patterns and trends, which I cross-reference with earnings data and funding updates to build a fuller picture before the report drops.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
RGTI's RSI Indicator climbs out of oversold territory
The RSI Indicator for RGTI moved out of oversold territory on November 06, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 29 similar instances when the indicator left oversold territory. In 28 of the 29 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for RGTI just turned positive on November 06, 2026. Looking at past instances where RGTI's MACD turned positive, the stock continued to rise in 41 of 47 cases over the following month. The odds of a continued upward trend are 87%.
Following a +31.78% 3-day Advance, the price is estimated to grow further. Considering data from situations where RGTI advanced for three days, in 217 of 253 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
RGTI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Momentum Indicator moved below the 0 level on November 10, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on RGTI as a result. In 72 of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 84%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RGTI declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 85%.
The Aroon Indicator for RGTI entered a downward trend on November 10, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 23 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 78 (best 1 - 100 worst), indicating slightly worse than average price growth. RGTI’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 84 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.297) is normal, around the industry mean (-6.197). P/E Ratio (-15.260) is within average values for comparable stocks, (-3.670). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (23.994). Dividend Yield (0.000) settles around the average of (0.012) among similar stocks. RGTI's P/S Ratio (370.370) is very high in comparison to the industry average of (51.774).
The Tickeron Profit vs. Risk Rating rating for this company is 95 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RGTI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.
The Tickeron SMR rating for this company is 98 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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