RGTI Stock Falls Premarket On Weak Q3, Outlook: Retail Says 'There're Better Quantum Plays Than This'

What happened

Rigetti Computing reported third-quarter revenue of $1.4 million, below analysts’ $3.52 million estimate, and an adjusted loss of $0.06 per share, compared with an expected $0.05 loss. It forecast around $20 million in 2026 revenue, below the $22.78 million estimate.

Confirmed

Global impact / market context

The revenue shortfall and lower-than-expected outlook point to slower near-term sales than analysts anticipated, which can weigh on expectations for future income. Rigetti’s $33.2 million operating loss also shows that current operating costs exceeded revenue, although it reported $497.1 million in cash and investments and no debt.

Analyst inference

The article presents a mixed picture: revenue for the first nine months of 2026 more than doubled year over year, and the 108-qubit system achieved 99.5% median accuracy in two-qubit operations. But the company says commercialization remains years away, leaving near-term sales and losses central to its outlook.

Analyst inference

What to watch

1. Check whether upcoming quarterly revenue moves toward the roughly $20 million 2026 forecast; sustained weakness could make the gap with analysts’ expectations harder to close. Analyst inference
2. Watch whether Rigetti reports further progress in quantum-system accuracy and performance, alongside evidence that customers are adopting systems and generating sales. Analyst inference
3. Track cash and investment levels against operating losses: the article reported $497.1 million and no debt as of Sept. 30, but gave no later balance. Confirmed

Evidence

• stocktwits.com