Rigetti Computing (RGTI) Q2 2026: Revenue Nearly Triples but EPS Misses
As seen on the 24/7 Wall St. homepage on August 6, 2026.
Revenue nearly tripled year over year on on-premises quantum system deliveries, though the GAAP net loss widened to $52.61 million and adjusted EPS missed expectations. Rigetti closed the quarter with cash and investments and no debt, and holds a letter of intent with the Commerce Department for up to $100 million in CHIPS Act funding.
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Rigetti Computing reported Q2 2026 revenue of $5.14 million, just barely edging past the $5.13 million analyst estimate, with the top-line growth driven by on-premises quantum system deliveries that pushed sales to nearly triple their year-over-year level. Despite that momentum, the GAAP net loss widened to $52.61 million for the quarter, and adjusted EPS came in at -$0.05 against an estimate of -$0.0463, a miss of roughly 8%.
Looking at the recent EPS history, Rigetti had strung together two consecutive quarters — Q3 and Q4 2025 — where it reported -$0.03 against estimates of -$0.04 and -$0.0326 respectively, beating expectations both times. That streak of relative outperformance made the Q2 2026 miss more notable, even if the absolute loss per share remains small.
On the balance sheet, Rigetti closed the quarter with cash and investments and no debt, providing a degree of financial stability that many early-stage quantum computing companies lack. The company also holds a letter of intent with the Commerce Department for up to $100 million in CHIPS Act funding, a potential catalyst that investors will be watching closely as it moves toward a formal agreement.