Is Rigetti (RGTI) Stock Turning a Corner After Its Best Revenue Quarter Yet?
TLDR
- Rigetti posted Q2 revenue of $5.14 million, beating the $5.09 million forecast and up sharply from $1.8 million a year ago.
- RGTI stock rose 4.9% on Friday, though it lagged behind peers IonQ (+9.9%) and D-Wave (+5.2%).
- System and component sales drove $4.1 million of the $5.14 million in revenue, up from zero a year ago.
- Operating loss widened to $28.1 million from $20.4 million in Q2 2025.
- Rigetti ended Q2 with $541.3 million in cash and no debt.
Rigetti Computing (RGTI) beat second-quarter revenue estimates on Thursday, sending the stock up 4.9% on Friday as investors reacted to growing system sales.
The company posted $5.14 million in Q2 revenue, just above the $5.09 million analysts expected. Thatโs a big jump from the $1.8 million reported in the same quarter last year and up from $4.4 million in Q1 2026.
RGTI gained ground on Friday but still trailed sector peers. IonQ (IONQ) climbed 9.9% and D-Wave Quantum (QBTS) rose 5.2% on the same day.
System and component sales were the real story this quarter. According to Wedbush Securities analyst Matt Bryson, those sales accounted for $4.1 million of the $5.14 million total, compared to zero a year ago.
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