Rigetti Computing Reports Q3 Non-GAAP EPS Miss and Declining Revenue
Rigetti Computing (RGTI) reported third-quarter financial results that fell short of expectations, posting a non-GAAP earnings per share (EPS) of -$0.06, missing estimates by $0.01. The company's revenue for the quarter reached $1.4 million, representing a 28.2% year-over-year decline and falling significantly below consensus estimates. Despite the quarterly miss, Rigetti provided long-term guidance projecting approximately $20 million in revenue for 2026. This growth projection is contingent upon customer acceptance from C-DAC and subsequent revenue recognition. The market impact reflects immediate pressure due to declining current revenues balanced against speculative future growth targets.
Tickers: $RGTI