Rigetti Computing (RGTI) to Announce Quarterly Earnings on Thursday

Rigetti Computing (NASDAQ:RGTI) is anticipated to announce its Q2 2026 results after the market closes on Thursday, August 6th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $5.1250 million for the quarter. Parties may visit the the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Thursday, August 6, 2026 at 5:00 PM ET.

Rigetti Computing (NASDAQ:RGTI) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $4.40 million during the quarter, compared to the consensus estimate of $4.09 million. Rigetti Computing had a negative net margin of 2,789.71% and a negative return on equity of 10.40%. The firm’s quarterly revenue was up 198.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) EPS. On average, analysts expect Rigetti Computing to post $-0 EPS for the current fiscal year and $-0 EPS for the next fiscal year.

Rigetti Computing Stock Performance

NASDAQ:RGTI opened at $13.22 on Thursday. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of -15.20 and a beta of 1.95. Rigetti Computing has a 52 week low of $12.53 and a 52 week high of $58.15. The firm has a 50-day moving average price of $19.53 and a two-hundred day moving average price of $18.44.

Insider Buying and Selling at Rigetti Computing

In other news, Director Ray O. Johnson sold 122,188 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $21.30, for a total transaction of $2,602,604.40. Following the completion of the transaction, the director directly owned 171,273 shares of the company’s stock, valued at $3,648,114.90. This represents a 41.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO David Rivas sold 499,328 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $25.40, for a total transaction of $12,682,931.20. Following the transaction, the chief technology officer directly owned 325,945 shares of the company’s stock, valued at $8,279,003. This represents a 60.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 728,901 shares of company stock worth $17,546,343 over the last three months. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rigetti Computing

Several institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Rigetti Computing by 1,632.5% in the fourth quarter. Victory Capital Management Inc. now owns 2,571,289 shares of the company’s stock worth $56,954,000 after buying an additional 2,422,873 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Rigetti Computing during the 2nd quarter valued at $21,887,000. Defiance ETFs LLC purchased a new position in shares of Rigetti Computing during the 4th quarter valued at $34,267,000. UBS Group AG grew its stake in shares of Rigetti Computing by 90.9% during the 3rd quarter. UBS Group AG now owns 3,081,174 shares of the company’s stock worth $91,788,000 after acquiring an additional 1,467,483 shares during the period. Finally, Quadrature Capital Ltd grew its stake in shares of Rigetti Computing by 167.3% during the 4th quarter. Quadrature Capital Ltd now owns 2,205,943 shares of the company’s stock worth $48,862,000 after acquiring an additional 1,380,804 shares during the period. 35.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RGTI shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $40.00 target price on shares of Rigetti Computing in a report on Thursday, June 11th. Weiss Ratings upgraded Rigetti Computing from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 21st. Needham & Company LLC reissued a “buy” rating and issued a $31.00 price objective on shares of Rigetti Computing in a research report on Tuesday, May 12th. Wall Street Zen upgraded Rigetti Computing from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Mizuho decreased their target price on Rigetti Computing from $33.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Rigetti Computing currently has an average rating of “Moderate Buy” and an average price target of $32.00.

Rigetti Computing News Summary

Here are the key news stories impacting Rigetti Computing this week:

• Positive Sentiment: Rigetti is expanding its partnership with Hewlett Packard Enterprise to supply a nine-qubit Novera quantum system for TangleLab, a hybrid quantum-classical supercomputer being developed with the Pittsburgh Supercomputing Center under a National Science Foundation grant. The project could increase Rigetti’s visibility among government, academic and research users. Rigetti Expands HPE Partnership To Build NSF Backed TangleLab Supercomputer
• Positive Sentiment: Benchmark Co. initiated coverage with a “buy” rating and a $25 price target, implying substantial upside from recent levels. The new rating may help support investor sentiment, although it is only one analyst opinion. Benchmark Initiates Rigetti Coverage
• Positive Sentiment: Industry research suggests artificial intelligence and cloud-based quantum services could accelerate commercial adoption, while Rigetti remains one of the quantum companies attracting investor attention. WisdomTree Sizes Up the Quantum-Computing Industry
• Neutral Sentiment: Rigetti’s second-quarter results are approaching. A comparison with D-Wave indicates that D-Wave’s record bookings, backlog and commercial traction currently give it an advantage, increasing the importance of Rigetti demonstrating revenue growth and customer traction. RGTI vs. QBTS Ahead of Q2 Earnings
• Negative Sentiment: Quantum stocks, including Rigetti, IonQ and D-Wave, have fallen sharply over the past month as investors reduce exposure to expensive, unprofitable technology companies. The broader AI-infrastructure pullback has added to sector-wide selling pressure. Quantum Computing Stocks Face Further Selling Risk
• Negative Sentiment: Recent gains tied to quantum-industry announcements have been vulnerable to rapid profit-taking. D-Wave’s AT&T-related rally and subsequent pullback highlight the volatile, catalyst-driven trading environment affecting RGTI and its peers. D-Wave’s AT&T Deal and Quantum-Computing Adoption

About Rigetti Computing

Rigetti Computing is a pioneering quantum computing company that designs and manufactures superconducting quantum processors alongside a complementary software stack. Founded in 2013 by CEO Chad Rigetti, the company has developed end-to-end quantum systems—from cryogenic hardware to control electronics—to advance the performance and scalability of quantum machines.

At the core of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which enables developers and enterprises to access quantum processing units (QPUs) and hybrid quantum-classical workflows via the cloud.