Welcome to our dedicated page for Rigetti Computing news (Ticker: RGTI), a resource for investors and traders seeking the latest updates and insights on Rigetti Computing stock.
Rigetti Computing, Inc. reports developments in full-stack quantum-classical computing, including on-premises quantum systems, superconducting quantum processors, and cloud access through the Rigetti Quantum Cloud Services platform. The company sells 9-qubit to 108-qubit systems under the Novera and Cepheus product names, with hardware designed for national laboratories, quantum computing centers, research institutions, government customers, and enterprise R&D.
Recurring updates cover quantum processor availability, chiplet-based system scaling, customer orders and QPU sales, financial results, conference participation, and manufacturing activity at Fab-1. Product news also includes access to systems such as Cepheus-1-108Q through QCS and supported cloud channels.
Rigetti Computing (Nasdaq:RGTI) reported second quarter 2026 revenue of $5.1 million, up from $1.8 million a year earlier, with an operating loss of $28.1 million. GAAP net loss was $52.6 million, or $0.16 per diluted share, and non-GAAP net loss was $16.0 million, or $0.05 per diluted share.
As of June 30, 2026, Rigetti held $541.3 million in cash, cash equivalents and available-for-sale investments and reported no debt. The company highlighted expanding on-premises deployments, including delivery of a 9-qubit Novera system to the Pittsburgh Supercomputing Center with HPE, progress on its 108-qubit Cepheus-1-108Q system performance, and a U.S. Department of Commerce letter of intent for up to $100 million in potential CHIPS Act funding tied to an equity stake. Rigetti continues to target systems of roughly 1,000 qubits with higher gate fidelities over about three years and is investing in infrastructure and international expansion, including a planned up to $100 million commitment in the UK.
Rigetti (Nasdaq: RGTI) will partner with HPE and Pittsburgh Supercomputing Center to build TangleLab, a hybrid quantum-classical supercomputing testbed at PSC funded by a $5 million National Science Foundation grant. The system will integrate a 9‑qubit Novera quantum processor with a classical high-performance computing environment.
According to the company, TangleLab aims to advance hybrid quantum-HPC workflows for research institutions, public sector organizations, and enterprises. PSC will allocate access via competitive proposals and provide training and consulting. Construction is expected to start on September 1, 2026 at PSC’s new data center, with full operations targeted for 2027.
Rigetti Computing (Nasdaq: RGTI) will release its second quarter 2026 financial results on Thursday, August 6, 2026, after market close, and host a conference call at 5:00 p.m. ET / 2:00 p.m. PT to discuss results and provide a business update. The live audio webcast will be accessible via the provided webcast link and the Investor Relations “Events & Presentations” page, with a replay available for one year. Live participants must register through the specified link to receive dial-in details and a unique PIN.
Rigetti (Nasdaq:RGTI) signed a letter of intent with the U.S. Department of Commerce for up to $100 million in CHIPS Act funding over three years. The prospective award would support R&D to address scaling and technical challenges in superconducting quantum computing, with the Department receiving an equity stake matching the funding amount.
Rigetti Computing (Nasdaq:RGTI) announced that CEO Dr. Subodh Kulkarni will join a fireside chat at the Canaccord Genuity Virtual Quantum Symposium on Thursday, May 21, 2026 at 12:00 PM ET. A live webcast and 90-day replay will be available via Rigetti’s investor relations site.
Rigetti Computing (Nasdaq:RGTI) reported first quarter 2026 results and key quantum milestones.
Q1 2026 revenue was $4.4 million, operating loss was $26.0 million, GAAP net income was $33.1 million, and non-GAAP net loss was $14.7 million. Diluted GAAP and non-GAAP net loss per share were $(0.06) and $(0.04), respectively.
Rigetti ended the quarter with $569.0 million in cash, cash equivalents and available-for-sale investments and no debt.
The company launched its 108-qubit Cepheus-1-108Q system into general availability across multiple cloud platforms, advanced on-premises Novera QPU deployments, and announced plans to invest up to $100 million in the UK toward a >1,000-qubit system in three to four years.
Tradr ETFs announced the Tradr 2X Long XNDU Daily ETF (Cboe: XNDX) on May 7, 2026, a first-to-market single-stock leveraged ETF seeking 200% of the daily performance of Xanadu Quantum Technologies (Nasdaq: XNDU).
Tradr says the launch expands its lineup to 64 leveraged ETFs with over $5 billion AUM and adds to existing quantum-focused leveraged products referencing D-Wave (QBTS), Rigetti (RGTI), and Quantum Computing Inc. (QUBT). The firm notes significant risks with leveraged ETFs and directs investors to its website for details.
Rigetti Computing (Nasdaq: RGTI) announced that CEO Dr. Subodh Kulkarni will participate in a fireside chat and that Dr. Kulkarni and CFO Jeff Bertelsen will hold one-on-one investor meetings at the 21st Annual Needham Technology, Media, & Consumer Conference on Wednesday, May 13, 2026 at 8:45 AM ET.
Investors can watch a live webcast via Rigetti's investor relations Events page; a replay will be available for 90 days after the event.
Rigetti Computing (Nasdaq: RGTI) will release first quarter 2026 financial results on Monday, May 11, 2026, after market close.
The company will host a conference call the same day at 5:00 pm ET / 2:00 pm PT to discuss results and provide a business update. A live audio webcast and a registered participant dial-in are available; replays will remain online for one year.
Rigetti (Nasdaq: RGTI) announced general availability of its 108-qubit system, Cepheus-1-108Q, delivered via Rigetti Quantum Cloud Services and Amazon Braket on April 7, 2026. The modular chiplet system comprises twelve 9-qubit chiplets, achieves a 99.1% median two-qubit gate fidelity and ~60 ns gate speed, with 99.9% median single-qubit fidelity. Rigetti expects fidelity to improve through 2026 and targets a 99.5% median two-qubit fidelity later this year. The system validates Rigetti's chiplet-based scaling and aims to support deeper circuits for materials science, optimization, and quantum simulation.