Quantum Computing

Rigetti Computing Accelerates Quantum Progress, Reports Strong Q2 2026 Financial Momentum

Rigetti Computing (NASDAQ: RGTI), a pioneer in full-stack quantum computing, today announced its financial results for the second quarter ended June 30, 2026, demonstrating significant operational advancements and strategic growth within the rapidly evolving quantum industry.

For Q2 2026, Rigetti reported revenues of $4.7 million, marking a substantial increase year-over-year, primarily driven by expanded access to its Quantum Cloud Services (QCS) platform and new strategic partnerships in government and enterprise sectors. The company's net loss stood at $18.2 million, which includes continued robust investment in research and development critical for achieving quantum advantage. This figure reflects Rigetti's unwavering commitment to pushing the boundaries of quantum hardware and software innovation. Cash and cash equivalents at the end of the quarter were $105.3 million, providing a strong financial runway for ongoing development and commercialization efforts.

Operationally, the second quarter was marked by several key achievements. Rigetti successfully launched and integrated its latest generation quantum processing unit, "Aspen-M," featuring 128 superconducting qubits and significantly improved gate fidelities and coherence times. This new QPU is now accessible to a growing number of clients and researchers via QCS, enabling more complex computational experiments and accelerating application development. The company also announced a strategic collaboration with a leading aerospace firm to explore quantum solutions for materials science simulations, highlighting the expanding real-world relevance of Rigetti's technology.

Further strengthening its ecosystem, Rigetti continued to enhance its developer tools and software stack, making quantum programming more intuitive and accessible. Updates to its Forest SDK introduced new capabilities for hybrid quantum-classical algorithms, designed to bridge the gap between current classical computing power and emerging quantum capabilities. Rigetti’s focus remains on enabling customers to leverage quantum computing for their most challenging problems, from drug discovery to financial modeling.

Looking ahead, Rigetti reiterated its full-year 2026 revenue guidance, anticipating continued growth as the quantum market matures. The company expects to further optimize its QPU roadmap, aiming for even higher qubit counts and performance metrics in upcoming releases. Management expressed confidence in Rigetti's strategic position, emphasizing its unique full-stack approach and its role in democratizing access to powerful quantum computing resources. The company remains dedicated to advancing toward fault-tolerant quantum systems and delivering tangible value to its shareholders and the broader scientific community.

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