Q1 26 EPS
$-0.04
BEAT +6.76%
Est. $-0.04
Q1 26 Revenue
$4.4M
BEAT +6.60%
Est. $4.1M
vs S&P Since Q1 26
+129.9%
BEATING MARKET
RGTI +129.2% vs S&P -0.7%
Market Reaction
Did RGTI Beat Earnings? Q1 2026 Results
Rigetti Computing delivered a quarter defined by operational momentum and sharp revenue acceleration, with Q1 2026 results reflecting the early commercial traction investors have been watching for. Revenue reached $4.40 million, nearly tripling from … Read more Rigetti Computing delivered a quarter defined by operational momentum and sharp revenue acceleration, with Q1 2026 results reflecting the early commercial traction investors have been watching for. Revenue reached $4.40 million, nearly tripling from $1.47 million a year earlier, fueled largely by on-premises Novera QPU sales including a 9-qubit system delivered to the University of Saskatchewan. The non-GAAP diluted loss per share narrowed to $0.04 from $0.05 in Q1 2025, a modest but directionally encouraging improvement even as operating losses widened to $26.00 million as R&D spending climbed to $19.96 million. The headline GAAP figure of $33.11 million in net income was driven primarily by a $53.70 million favorable swing in derivative warrant liabilities rather than operations. Looking ahead, Rigetti plans to invest up to $100 million in the UK over three to four years to deploy a system exceeding 1,000 qubits, backed by a fortress balance sheet of $569 million in cash and investments with no debt.
Key Takeaways
- • On-premises Novera QPU sales contributed to year-over-year revenue growth
- • Growing adoption across government, academic, and commercial customers
- • Interest income increased significantly due to larger investment portfolio
RGTI YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“In the first quarter, we continued to execute on our strategy by bringing our 108-qubit Cepheus-1-108Q system into general availability on Rigetti QCS, Amazon Braket, Microsoft Azure Quantum, and qBraid. We believe Cepheus-1-108Q is one of the most powerful generally available gate-based quantum computers in the world, and as the largest modular system on the market today, it is an important validation of our chiplet-based architecture in a production setting.”
— Subodh Kulkarni, Q1 2026 Earnings Press Release
RGTI Earnings Trends
RGTI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RGTI EPS Trend
Earnings per share: estimate vs actual
RGTI Revenue Trend
Quarterly revenue: estimate vs actual
RGTI Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | — | — | — | — |
| Q1 26 BEAT | $-0.04 | $-0.04 | +6.76% | $4.4M | +6.60% |
| Q4 25 BEAT FY | $-0.03 | $-0.03 | +5.36% | $1.9M | -19.71% |
| FY Full Year | $-0.15 | $-0.16 | -10.34% | $7.1M | -6.80% |
| Q3 25 BEAT | $-0.04 | $-0.03 | +25.00% | $1.9M | -10.28% |
| Q2 25 MISS | $-0.04 | $-0.13 | -225.00% | $1.8M | -3.85% |
| Q1 25 BEAT | $-0.04 | $0.13 | +425.00% | $1.5M | -42.29% |