Rigetti Reports Q3 2026 Results and Updates Quantum Computing Roadmap

Insider Brief

• Rigetti Computing reported $1.4 million in third-quarter 2026 revenue, a $33.2 million operating loss and $497.1 million in cash, cash equivalents and investments.
• Revenue for the first nine months of 2026 reached $10.9 million, up approximately 110% year over year, while the company ended the quarter with no debt.
• Rigetti reported 99.5% median two-qubit gate fidelity on its 108-qubit Cepheus-1 system and is targeting a 300-plus-qubit system with approximately 99.7% fidelity by mid-2028.

PRESS RELEASE — Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced financial results for the third quarter ended September 30, 2026 and provided an update on recent business and technology milestones.

Third Quarter 2026 Financial Highlights

• Total revenues for the three months ended September 30, 2026 were $1.4 million.
• Total revenues for the nine months ended September 30, 2026 were $10.9 million, compared with $5.2 million for the first nine months of 2025, representing growth of approximately 110%.
• Operating loss for the three months ended September 30, 2026 was $33.2 million.
• For the three months ended September 30, 2026, GAAP net loss was $3.1 million and non-GAAP net loss was $20.5 million.
• For the three months ended September 30, 2026, GAAP diluted net loss per share was $0.08 and non-GAAP diluted net loss per share was $0.06.
• As of September 30, 2026, cash, cash equivalents and available-for-sale investments totaled $497.1 million. The Company had no debt.
• Full-year outlook: 2026 revenue expected to be approximately $20 million, up significantly from 2025, assuming C-DAC customer acceptance and associated revenue recognition in the fourth quarter.