Revenue Growth Driven by Novera Systems
Revenue increased 185% year-over-year to $5.1 million, driven by higher sales of 9-qubit Novera quantum computing systems and related products.
Rigetti Computing, Inc. is expected to release its Q3 2026 10-Q filing on August 6, 2026, after market close. Last quarter: RGTI revenue surged 185% in Q2 FY2026 on Novera product sales, but net loss widened to $52.6 million due to higher R&D and a non-cash warrant charge.
EPS Estimate
$-0.05
Revenue Estimate
$5.25M
Analyst consensus from Finnhub and Financial Modeling Prep. Actual results posted within minutes of the SEC filing on the RGTI page.
Drawn from management commentary in the Q2 2026 10-Q:
Revenue increased 185% year-over-year to $5.1 million, driven by higher sales of 9-qubit Novera quantum computing systems and related products.
Research and development expenses rose 53% to $20.7 million, due to increased headcount, stock-based compensation, and depreciation as the company advances toward fault-tolerant quantum computing.
Selling, general and administrative expenses grew 37% to $9.5 million, reflecting higher stock-based compensation and legal costs in support of business expansion.
Cost of Revenue
$2.95M
+138.87% YoY
EPS (Diluted)
-$0.16
-23.08% YoY
Operating Income
-$28.06M
-41.14% YoY
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