Rigetti Computing (RGTI) Stock Drops 4% After Earnings Despite Revenue Beat
TLDR
- Rigetti posted Q2 revenue of $5.14 million, beating the $5.09 million estimate and up from $1.8 million a year ago.
- RGTI stock fell 4.4% in after-hours trading despite the revenue beat.
- Operating loss widened to $28.1 million from $20.4 million in the year-ago quarter.
- EPS came in at a loss of $0.05, missing the Zacks estimate of a $0.03 loss.
- Rigetti holds $541.3 million in cash with no debt as of June 30.
Rigetti Computing posted Q2 revenue of $5.14 million, beating analyst forecasts of $5.09 million. That is a sharp jump from the $1.8 million reported in the same quarter last year. Despite the top-line beat, RGTI stock dropped 4.4% in after-hours trading Thursday.
$RGTI (Rigetti Computing) #earnings are out: pic.twitter.com/FWwcOp04T0
- The Earnings Correspondent (@earnings_guy) August 6, 2026
The stock has now lost about 24.2% year-to-date, underperforming the S&P 500, which is up 12.8% over the same period.
The revenue beat was driven in large part by accelerating quantum system sales. These on-premise systems can fetch millions of dollars each, making them a key revenue driver for the company.
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