Rigetti Computing Stock Surges 9.4% Amid Market Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 01 2026
0mins
Should l Buy RGTI?
Source: Yahoo Finance
- Strong Stock Performance: Rigetti Computing's share price rose 9.4% over the past week, despite the S&P 500 falling 0.4% and the Nasdaq Composite declining 1%, indicating robust market confidence in its quantum computing prospects.
- Supportive Industry Factors: IonQ's fourth-quarter report exceeded market expectations with a non-GAAP loss of $0.20 per share on sales of $61.89 million, significantly better than the anticipated loss of $0.23 per share and revenue of $40.38 million, thereby enhancing Rigetti's valuation outlook.
- Future Performance Pressure: Rigetti is set to release its fourth-quarter results and host an investor conference call on March 4, with IonQ's strong performance putting pressure on Rigetti to deliver satisfactory results to maintain market confidence.
- Market Volatility Expectations: Given geopolitical uncertainties, Rigetti's stock is likely to experience high volatility in the near term, particularly for growth-dependent tech stocks, which may face pullback risks.
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Analyst Views on RGTI
Wall Street analysts forecast RGTI stock price to rise
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 20.510
Low
30.00
Averages
39.75
High
51.00
Current: 20.510
Low
30.00
Averages
39.75
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.
Rigetti Computing Shares Drop 8.5% After Q1 Results
- Stock Decline: Rigetti Computing's shares fell 8.5% on Tuesday, reflecting Needham's view that while customer traction is believed to be “increasing,” the market reaction remains cautious.
- Order Recognition: The company recognized slightly less than half of the approximately $5.7 million in orders during Q1, with the remainder expected to be recognized in Q2 2026, indicating a delay in revenue recognition.
- Product Delivery Progress: Rigetti completed the sale and shipment of its 9-qubit Novera QPU to the University of Saskatchewan and anticipates recognizing revenue from a sale to a Japan-based organization in Q2 2026, highlighting its international market expansion.
- Future Delivery Plans: The company is on track to deliver its Cepheus-1-108Q system to C-DAC in India by Q4 2026, although the inclusion of dilution refrigerators in orders may dilute gross margins, impacting overall profitability.
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Quantum Computing Firm QUBT Surpasses Revenue Expectations in Q1
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- Stock Price Surge: Following this positive news, QUBT's shares jumped nearly 25% in premarket trading, not only enhancing its market capitalization but also lifting the entire quantum computing sector, reflecting optimistic market sentiment towards the industry's future development.
- Rating Analysis: Despite QUBT's quantitative rating of Hold (2.72), its valuation grade stands at B- and momentum grade at C, indicating a cautious market outlook on its future performance and reflecting the complex views investors hold regarding the overall prospects of the quantum computing industry.
- Competitive Landscape: Within the quantum computing space, IonQ leads with the highest quantitative score of 3.06, still rated as Hold, showcasing the intense competition in the industry, while D-Wave and Rigetti also perform well in ratings, highlighting the diverse perspectives investors have on different companies.
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- Market Bounce: From March 30 to May 6, quantum computing leaders IonQ and D-Wave Quantum saw stock increases of 98% and 84%, respectively, reflecting strong investor interest in quantum computing, although the overall market recovery contributed as well.
- IonQ's Impressive Earnings: IonQ reported a record first-quarter revenue of $64.7 million, up 755% year-over-year, and raised its full-year sales guidance to between $260 million and $270 million, indicating robust growth potential in its business model.
- D-Wave's Financial Strength: D-Wave Quantum ended 2025 with $884.5 million in cash and marketable investments and is set to report its first-quarter operating results on May 12, which is expected to further solidify its market position.
- Investment Risk Warning: Despite the impressive performance of quantum computing stocks, historical trends suggest that this technology is still in its early stages, and investors should exercise caution to avoid the risk of a bubble burst due to overly optimistic market expectations.
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- Earnings Beat: QUBT's Q1 revenue surged to $3.7 million from $39,000 last year, exceeding analysts' expectations of $3.13 million, indicating strong growth potential in the quantum computing sector.
- Net Loss Impact: Despite significant revenue growth, QUBT reported a net loss of $4.1 million, a stark contrast to nearly $17 million profit in the same period last year, primarily due to reduced accounting gains from a merger and rising operating costs.
- Acquisition Strengthens Position: The completion of the acquisition of Luminar Semiconductor enhances QUBT's in-house manufacturing capabilities while solidifying its portfolio in quantum communications and photonics, showcasing strategic foresight in technology integration.
- Market Sentiment Shift: On Stocktwits, retail sentiment for QUBT shifted from 'bullish' to 'extremely bullish', while RGTI's sentiment dropped from 'bullish' to 'bearish', reflecting increased investor confidence in QUBT's future prospects.
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Rigetti (RGTI) Q1 2026 Earnings Call Transcript
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- Significant Stock Surge: IonQ's stock rose by 15.75% to close at $56.89, primarily driven by the approval of the merger agreement with SkyWater Technology shareholders, indicating strong market confidence in the quantum computing sector.
- Volume Spike: The trading volume for IonQ reached 55.9 million shares, approximately 110% above the three-month average of 26.6 million shares, reflecting investor enthusiasm for the company's growth potential.
- Merger Agreement Impact: The merger with SkyWater Technology is expected to close in the second or third quarter of 2026, pending regulatory approvals, which will significantly enhance IonQ's control over semiconductor manufacturing and packaging, advancing its quantum hardware roadmap.
- Future Outlook: SkyWater's facilities in Minnesota, Florida, and Texas are anticipated to support IonQ's future quantum production capacity, with investors closely monitoring regulatory clearance and the integration of SkyWater's capabilities into IonQ's production plans.
See More
Rigetti Computing Shares Drop 8.5% After Q1 Results
- Stock Decline: Rigetti Computing's shares fell 8.5% on Tuesday, reflecting Needham's view that while customer traction is believed to be “increasing,” the market reaction remains cautious.
- Order Recognition: The company recognized slightly less than half of the approximately $5.7 million in orders during Q1, with the remainder expected to be recognized in Q2 2026, indicating a delay in revenue recognition.
- Product Delivery Progress: Rigetti completed the sale and shipment of its 9-qubit Novera QPU to the University of Saskatchewan and anticipates recognizing revenue from a sale to a Japan-based organization in Q2 2026, highlighting its international market expansion.
- Future Delivery Plans: The company is on track to deliver its Cepheus-1-108Q system to C-DAC in India by Q4 2026, although the inclusion of dilution refrigerators in orders may dilute gross margins, impacting overall profitability.
See More
Quantum Computing Firm QUBT Surpasses Revenue Expectations in Q1
- Significant Revenue Growth: Quantum Computing Inc. (QUBT) reported first-quarter revenue of $3.69 million for 2026, exceeding the consensus estimate of $3.28 million, primarily driven by the acquisitions of Luminar Semiconductor in February and NuCrypt in March, indicating strong growth potential in the quantum computing sector.
- Stock Price Surge: Following this positive news, QUBT's shares jumped nearly 25% in premarket trading, not only enhancing its market capitalization but also lifting the entire quantum computing sector, reflecting optimistic market sentiment towards the industry's future development.
- Rating Analysis: Despite QUBT's quantitative rating of Hold (2.72), its valuation grade stands at B- and momentum grade at C, indicating a cautious market outlook on its future performance and reflecting the complex views investors hold regarding the overall prospects of the quantum computing industry.
- Competitive Landscape: Within the quantum computing space, IonQ leads with the highest quantitative score of 3.06, still rated as Hold, showcasing the intense competition in the industry, while D-Wave and Rigetti also perform well in ratings, highlighting the diverse perspectives investors have on different companies.
See More
Quantum Computing Stocks Surge Amid Market Recovery
- Market Bounce: From March 30 to May 6, quantum computing leaders IonQ and D-Wave Quantum saw stock increases of 98% and 84%, respectively, reflecting strong investor interest in quantum computing, although the overall market recovery contributed as well.
- IonQ's Impressive Earnings: IonQ reported a record first-quarter revenue of $64.7 million, up 755% year-over-year, and raised its full-year sales guidance to between $260 million and $270 million, indicating robust growth potential in its business model.
- D-Wave's Financial Strength: D-Wave Quantum ended 2025 with $884.5 million in cash and marketable investments and is set to report its first-quarter operating results on May 12, which is expected to further solidify its market position.
- Investment Risk Warning: Despite the impressive performance of quantum computing stocks, historical trends suggest that this technology is still in its early stages, and investors should exercise caution to avoid the risk of a bubble burst due to overly optimistic market expectations.
See More
QUBT Stock Surges 14% After Beating Revenue Estimates
- Earnings Beat: QUBT's Q1 revenue surged to $3.7 million from $39,000 last year, exceeding analysts' expectations of $3.13 million, indicating strong growth potential in the quantum computing sector.
- Net Loss Impact: Despite significant revenue growth, QUBT reported a net loss of $4.1 million, a stark contrast to nearly $17 million profit in the same period last year, primarily due to reduced accounting gains from a merger and rising operating costs.
- Acquisition Strengthens Position: The completion of the acquisition of Luminar Semiconductor enhances QUBT's in-house manufacturing capabilities while solidifying its portfolio in quantum communications and photonics, showcasing strategic foresight in technology integration.
- Market Sentiment Shift: On Stocktwits, retail sentiment for QUBT shifted from 'bullish' to 'extremely bullish', while RGTI's sentiment dropped from 'bullish' to 'bearish', reflecting increased investor confidence in QUBT's future prospects.
See More
Rigetti (RGTI) Q1 2026 Earnings Call Transcript
See More
IonQ Shares Surge 15.75% Following Merger Agreement Approval
- Significant Stock Surge: IonQ's stock rose by 15.75% to close at $56.89, primarily driven by the approval of the merger agreement with SkyWater Technology shareholders, indicating strong market confidence in the quantum computing sector.
- Volume Spike: The trading volume for IonQ reached 55.9 million shares, approximately 110% above the three-month average of 26.6 million shares, reflecting investor enthusiasm for the company's growth potential.
- Merger Agreement Impact: The merger with SkyWater Technology is expected to close in the second or third quarter of 2026, pending regulatory approvals, which will significantly enhance IonQ's control over semiconductor manufacturing and packaging, advancing its quantum hardware roadmap.
- Future Outlook: SkyWater's facilities in Minnesota, Florida, and Texas are anticipated to support IonQ's future quantum production capacity, with investors closely monitoring regulatory clearance and the integration of SkyWater's capabilities into IonQ's production plans.
See More
