RGTI

Over the past six months, Rigetti received a Letter of Intent for up to $100 million under the U.S. CHIPS and Science Act in May 2026. In April 2026, the company launched its 108-qubit Cepheus-1-108Q system, available on Amazon Braket and Microsoft Azure Quantum. For the quarter ended June 30, 2026, Rigetti reported revenues of $5.1 million, a significant year-over-year increase, but also a net loss of $19.5 million for the six-month period, with increased research and development spending. Revenue visibility is limited by project-based demand and a concentrated customer base, with one customer accounting for 64% of Q2 2026 revenues. As of October 2026, RGTI shares had lost 30.8% year-to-date and 62.18% over the last 12 months, trading between $12.53 and $58.15. The company secured orders for additional Novera units, which contribute to recognized revenue. Historically, Rigetti's stock has typically declined by an average of 3.1% on the first trading day after earnings reports.