Rigetti Computing Achieves Key Quantum Milestones with $5.7M Orders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Hardware Milestone: In 2025, Rigetti Computing demonstrated the industry's largest multichip quantum computer and introduced a 100+-qubit chiplet system with 99.5% fidelity, marking significant progress in quantum computing, although 99.5% fidelity is still considered highly error-prone.
- Commercial Success: The company secured two orders totaling $5.7 million for its Novera quantum computing systems, expected to be delivered in the first half of 2026, which will provide a substantial revenue stream and boost market confidence.
- Contract Award: Rigetti was awarded a three-year $5.8 million contract by the Air Force Research Laboratory to develop a superconducting quantum network in collaboration with Dutch company QphoX, further solidifying its position in the quantum networking space.
- Technical Challenges: Despite Rigetti's advantage in superconducting qubit speed, it failed to advance to the second phase of the U.S. Defense Advanced Research Projects Agency's Quantum Benchmarking Initiative, highlighting challenges in technology maturity and market competition.
RGTI
$22.955+Infinity%1D
Analyst Views on RGTI
Wall Street analysts forecast RGTI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RGTI is 40.60 USD with a low forecast of 35.00 USD and a high forecast of 51.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 24.510
Low
35.00
Averages
40.60
High
51.00
Current: 24.510
Low
35.00
Averages
40.60
High
51.00
About RGTI
Rigetti Computing, Inc. is a full-stack quantum computing company. The Company operates quantum computers over the cloud and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The Company’s quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. It has developed a multi-chip quantum processor for scalable quantum computing systems. Through the Company’s Quantum Computing as a Service (QCaaS) platform, its machines can be integrated into any public, private or hybrid cloud. It is also engaged in the sale of quantum processing units (QPUs) and custom computing components, and development contracts and other services. Its QPUs contain fabricated silicon-based chips featuring superconducting qubits. The Company designs and manufactures its chips in-house at Fab-1, an integrated quantum device manufacturing facility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
