Rigetti Computing Reports Q3 2026 Earnings and Announces $100 Million Federal Funding
Rigetti Computing (RGTI) reported nine-month revenue of $10.9 million for 2026, surpassing its total revenue for the entire previous year. During its third-quarter earnings call on November 10, 2026, management highlighted the successful scaling of their modular chiplet architecture via the Cepheus-1-108Q system, which achieved a 99.5% median two-qubit gate fidelity. The company has secured up to $100 million in milestone-based funding from the U.S. Department of Commerce's CHIPS R&D Office to address hardware bottlenecks such as refrigeration and chip connectivity. Looking forward, Rigetti aims to demonstrate a 300-qubit system with improved fidelity and gate speeds by mid-2028, eventually targeting a 1,000-qubit system within three years.
Tickers: $RGTI
Topics: Government Grants Hardware Technology Quantum Computing Quarterly Earnings