Rigetti Computing — Third Quarter 2026 Earnings Summary

Rigetti Computing reported total revenues of $1.4 million for the third quarter of 2026, bringing the nine-month total to $10.9 million, a 110% increase from the same period in 2025. The company achieved a 99.5% median two-qubit gate fidelity on its 108-qubit Cepheus-1 system and signed a definitive agreement with the U.S. Department of Commerce for up to $100 million in funding. Rigetti ended the quarter with $497.1 million in cash and investments, reporting a GAAP net loss of $3.1 million for the three-month period. The company projects full-year 2026 revenue to reach approximately $20 million, contingent on customer acceptance of its C-DAC system in the fourth quarter.