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) has announced a strategic collaboration with Montana State University (MSU) to advance quantum computing research and innovation. The partnership marks a significant milestone with the opening of MSU's QCORE facility, making it the first academic institution to house an on-premises Rigetti quantum computer.
The facility features a 9-qubit Novera™ QPU, based on Rigetti's Ankaa™-class architecture. The collaboration encompasses research projects in quantum hardware, hybrid quantum systems, workforce development, and component testing. The partnership also aligns with Rigetti's existing work with the Air Force Research Lab (AFRL), demonstrating the company's commitment to advancing quantum technologies through public-private partnerships.
Rigetti Computing (NASDAQ:RGTI) reported Q2 2025 financial results and announced the general availability of Cepheus™-1-36Q, the industry's largest multi-chip quantum computer. The company reported revenue of $1.8 million with a net loss of $39.7 million.
Key achievements include a 2x reduction in two-qubit gate error rate from its previous system, achieving 99.5% median two-qubit gate fidelity. The four-chiplet system represents the largest number of chiplets in a quantum computer. The company successfully raised $350 million through an equity offering, ending Q2 2025 with $571.6 million in cash and investments.
Rigetti plans to release a 100+ qubit chiplet-based system with 99.5% median two-qubit gate fidelity by the end of 2025.
Rigetti Computing (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, has scheduled its second quarter 2025 financial results release for August 12, 2025 after market close.
The company will host a conference call at 5:00 p.m. ET / 2:00 p.m. PT on the same day to discuss financial results and provide business updates. Investors can access the live webcast through the company's investor relations website, with a replay available for one year following the call.
Rigetti Computing (Nasdaq: RGTI) has achieved a significant technical milestone with its new 36-qubit quantum computer system, demonstrating a 99.5% median two-qubit gate fidelity - representing a 2x reduction in error rate compared to its previous 84-qubit Ankaa-3 system.
The new system utilizes four 9-qubit chips (chiplets) tiled together, showcasing Rigetti's proprietary modular chip technology. The company plans to launch the 36-qubit system on August 15, 2025, and remains on track to release a 100+ qubit chiplet-based system with 99.5% fidelity by the end of 2025.
CEO Dr. Subodh Kulkarni highlighted that their superconducting qubits offer gate speeds 1,000x faster than competing technologies like ion trap and pure atoms, while maintaining scalability advantages.
Rigetti Computing (NASDAQ: RGTI), a pioneer in full-stack quantum-classical computing, has announced that CEO Dr. Subodh Kulkarni will participate in a fireside chat at the 20th Annual Needham Technology, Media & Consumer Conference. The event is scheduled for May 9, 2025, at 1:30 PM ET. Investors can access the live webcast through Rigetti's Investor Relations website, and a replay will be available for 90 days after the event.
QphoX, Rigetti Computing (NASDAQ: RGTI), and the National Quantum Computing Centre (NQCC) have secured a multinational grant to develop optical readout technology for superconducting quantum computers. The collaboration follows a successful demonstration where QphoX and Rigetti achieved optical readout of a single superconducting qubit using microwave-to-optical transduction.
The 33-month project will focus on scaling QphoX's optical qubit readout system to interface with Rigetti's 9-qubit Novera QPU, enabling optical readout of all qubits. The system will be installed at the NQCC facility. This innovative approach could replace conventional microwave amplifiers and coaxial wiring, offering significant scaling advantages due to lower heat dissipation and minimal passive heat loads from optical fiber.
Rigetti Computing (Nasdaq: RGTI) has successfully closed a significant investment deal with Quanta Computer (TWSE: 2382.TW). The transaction involves Quanta purchasing approximately $35 million worth of Rigetti common stock at $11.59 per share.
This investment is part of a previously announced strategic collaboration between the two companies. The partnership combines Rigetti's pioneering work in superconducting quantum computing with Quanta's expertise in notebook and server manufacturing.
Dr. Subodh Kulkarni, Rigetti CEO, expressed optimism about the collaboration, stating that the partnership aims to position both companies at the forefront of the quantum computing industry. This strategic investment represents a significant step in strengthening their collaborative efforts in advancing quantum computing technology.