Is RGTI Worth Buying as Quantum Growth Meets a 98.7x Sales Multiple?

Rigetti Computing, Inc. RGTI is showing measurable commercial progress as demand for its quantum systems broadens and hardware performance improves. The company is also investing aggressively to push its chiplet-based architecture toward larger systems and higher gate fidelity, a measure of operation accuracy.

That opportunity comes with a demanding valuation and an operating model that remains far from scale. For investors weighing whether to buy now or wait, commercial traction must be balanced against losses, execution risk and a premium price.

Rigetti's Sales Growth Shows Commercial Traction

Second-quarter 2026 revenues climbed 185.3% year over year to $5.1 million, driven mainly by sales of 9-qubit Novera systems and related products. The increase shows that on-premises hardware is beginning to contribute more meaningfully alongside development contracts and cloud access.

Rigetti also has an $8.4 million order from India’s Centre for Development of Advanced Computing (C-DAC) for an on-premises 108-qubit system. Management expects to recognize that revenue in the fourth quarter of 2026 after installation and performance acceptance testing, giving the company another sizable system milestone if deployment remains on schedule.