Rigetti Computing Reports Q3 2026 Financial Results and Quantum Hardware Milestones
Rigetti Computing (RGTI) reported its third-quarter 2026 financial results, highlighting a significant year-over-year revenue surge for the first nine months of the year. While Q3 specific revenue saw a decline to $1.4 million due to delivery timing, the company issued full-year revenue guidance of approximately $20 million, contingent on upcoming customer acceptance milestones in the fourth quarter. The company is heavily investing in research and development to achieve large-scale fault-tolerant quantum computing, resulting in an operating loss of $33.2 million for the quarter. Despite these losses, Rigetti maintains a strong liquidity position with $497.1 million in cash and investments and no debt. On the technical front, the company successfully validated its modular scaling strategy with the Cepheus-1-108Q system, achieving high fidelity metrics essential for its long-term roadmap.