Rigetti Q2 Revenue Rises to $5.1 Million as Costs and Losses Widen

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โดย Zacks Investment Research·US·Read original
Summary · why it matters

Rigetti Computing reported second-quarter 2026 revenues of $5.1 million, up from $1.8 million a year earlier, driven mainly by sales of its 9-qubit Novera systems and related products. Customer concentration remains elevated, with one client contributing 64% of quarterly revenues and another accounting for 16%, while the company's $8.4 million C-DAC quantum system for India is expected to be recognized only after installation and acceptance testing in the fourth quarter of 2026. Operating expenses jumped 48% year over year to $30.3 million, including a 53% increase in research and development spending to $20.7 million, producing an operating loss of $28.1 million. Rigetti holds $541.3 million in liquidity, but management expects R&D investments and capital expenditures to remain elevated as it expands cryogenic infrastructure and fabrication capacity. Among peers, IonQ signed an $8.18 million commercial agreement with Congruity360 and launched its sixth-generation Superion 256 platform, while D-Wave Quantum finalized a definitive agreement with the U.S. Department of Commerce for up to $100 million in CHIPS Act funding.

Impact on stocks 3

Quantum Computing▲ · 3 stocks
Rigetti Computing Inc
RGTI
± MixedCapitalDemandrelevance

Operating expenses jumped 48% and R&D rose 53%, producing a $28.1 million operating loss.

D-Wave Quantum Inc. Common Stock
QBTS
▲ PositiveCapitalrelevance

D-Wave finalized a definitive agreement with the U.S. Department of Commerce for up to $100 million in CHIPS Act funding.

IONQ Inc
IONQ
▲ PositiveDemandTechnologyrelevance

IonQ signed an $8.18 million commercial agreement with Congruity360, a concrete customer order.

Theme Impact 4

Off-coverage companies 1

Congruity360Private▲ Positive
Demandrelevance

Congruity360 signed an $8.18 million commercial agreement with IonQ.

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