BERKELEY, Calif., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release fourth quarter and full-year 2025 results on March 4, 2026, after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 pm ET the same day. Key details regarding the call are as follows: Call Date: Wednesday, March ...

Core Insights - Quantum computing stocks, particularly IonQ, Rigetti, and D-Wave, have seen extraordinary returns, with trailing 12-month gains ranging from 670% to 6,217% [2] - The technology is expected to create significant economic value, with estimates ranging from $450 billion to $850 billion by 2040, and a $1 trillion addressable opportunity by 2035 [7] Company Performance - Insiders at IonQ, Rigetti, and D-Wave have sold approximately $615 million more in shares than they have purchased over the past year, indicating potential concerns about stock valuation [14][20] - IonQ's market cap stands at $12 billion, while Rigetti's is at $5.1 billion, reflecting their positions in the market [13][16] Market Trends - The rise of quantum computing has been fueled by significant investments, including JPMorgan Chase's $1.5 trillion Security and Resiliency Initiative, which identifies quantum computing as a key area for future financing [8] - Major companies like Amazon are already utilizing quantum computing through services like Braket, which enhances the credibility and market presence of IonQ, Rigetti, and D-Wave [9] Insider Activity - No insiders at Rigetti have purchased shares in the past year, while D-Wave had minimal insider buying, suggesting a lack of confidence in stock valuation [17] - In contrast, two directors at IonQ have invested approximately $2.1 million in their own company, indicating some level of confidence [17] Industry Outlook - Quantum computing is still in its early commercialization stages, and historical trends suggest that new technologies often face significant challenges and corrections during their growth phases [19] - Analysts caution that the high price-to-sales ratios of quantum computing stocks may not reflect their long-term potential, as the technology is still being optimized for practical applications [18]

Core Insights - Investors have shown significant interest in quantum computing stocks, but many are experiencing sharp declines in 2025 [1] - Quantum computing has the potential to outperform classical computing in processing workloads, particularly in fields like science and cryptography [2] - Ark Investment Management suggests that the commercialization of quantum computing may be further away than anticipated by investors [3] Company Overview: Rigetti Computing - Rigetti Computing is a leader in the quantum industry, owning its fabrication facility and developing its own programming language, Quil [5] - The company has created a cloud computing platform to rent quantum computing capacity, allowing for faster updates to its systems [5] - Rigetti has built the largest multichip quantum computer, Cepheus-1-36Q, achieving a fidelity of 99.5% [6] Technical Aspects of Quantum Computing - Quantum computers utilize qubits, which can represent both 0 and 1 simultaneously, enabling rapid simulations from large datasets [7] - A fidelity of 99.5% means an error occurs once every 200 operations, which is still too high for many applications [8] - Rigetti plans to launch a new 150-qubit quantum computer with 99.7% fidelity by the end of 2026, followed by a 1,000-qubit system with 99.8% fidelity in 2027 [9] Market Position and Financials - Rigetti generated $5.2 million in revenue during the first three quarters of 2025, which is minimal for a company valued at $5 billion [8] - The current market cap of Rigetti is approximately $5.3 billion, with a price-to-sales (P/S) ratio of 617, making it one of the most expensive tech stocks [10][16] - Despite a 71% decline from its peak, Rigetti has a three-year return of 1,550% [15] Competitive Landscape - Alphabet, the parent company of Google, is also developing quantum systems and has significantly more resources than Rigetti [10] - According to Ark's research, Alphabet's quantum computers are expected to double qubits and reduce error rates by 40% every four years, delaying the ability to crack the RSA-2048 encryption until 2063 [11] - Ark believes quantum computers could be useful for cryptographic decryption by 2044 if advancements in qubit doubling and error rate reduction are accelerated [13] Valuation Concerns - Rigetti's high valuation is considered unsustainable given its current revenue levels and the long timeline for achieving commercially viable quantum computing [15][18] - The industry faces significant challenges in scaling quantum systems, which may hinder Rigetti's ability to maintain its growth trajectory [14]

In the latest trading session, Rigetti Computing, Inc. (RGTI) closed at $15.59, marking a -3.09% move from the previous day. This change lagged the S&P 500's 0.1% gain on the day. Meanwhile, the Dow gained 0.07%, and the Nasdaq, a tech-heavy index, added 0.14%. The stock of company has fallen by 37.2% in the past month, lagging the Computer and Technology sector's loss of 4.05% and the S&P 500's loss of 1.43%.Market participants will be closely following the financial results of Rigetti Computing, Inc. in i ...

Quantum computing could be the next big technology revolution that will transform computing. But that transformation is still years away, with maybe even a decade ahead before it becomes widespread. It has created a lot of buzz among investors who want to get in early with the first movers in hopes of hitting a multi-bagger. One of the leading quantum computing stocks that has generated from that buzz is Rigetti Computing (NASDAQ: RGTI). Where to invest $1,000 right now? Our analyst team just revealed wha ...

Core Viewpoint - Rigetti Computing's shares have dropped 9.15% this week, reflecting valuation concerns and skepticism about its future performance in the quantum computing sector [1]. Group 1: Performance Overview - Rigetti's stock is down 27.36% year-to-date and 37.44% over the past month, with a peak of $58.15 in mid-October [1]. - The company has a market cap of $4.95 billion and trades at a 660x price-to-sales ratio, with trailing twelve-month revenue of $7.49 million [1]. - Despite a one-year return of 31.35%, recent momentum has reversed significantly [1]. Group 2: Analyst Downgrade - TD Cowen analyst Krish Sankar downgraded Rigetti to Hold, citing unrealistic revenue targets for 2027 and increased costs in the quantum computing field [1]. - The consensus price target for Rigetti is $38.85, indicating potential upside, but the downgrade has shifted market sentiment negatively [1]. - Current estimates for 2027 sales are projected at $45.39 million, with potential downward revisions expected following the downgrade [1]. Group 3: Execution Risks - Rigetti postponed the launch of its Cepheus-1-108Q quantum computer, raising concerns about its technical execution capabilities [1]. - The company reported Q3 revenue of $1.90 million, missing estimates of $2.21 million, and posted a net loss of $200.97 million [1]. - Year-over-year revenue declined by 18.1%, indicating challenges in achieving commercial success [1]. Group 4: Competitive Landscape - IonQ has widened the competitive gap by announcing a significant acquisition to bring quantum hardware manufacturing in-house, reporting Q3 revenue of $39.87 million, which is 20 times that of Rigetti [1]. - IonQ holds $3.5 billion in pro-forma cash after a $2 billion equity offering and has achieved a technical milestone of 99.99% two-qubit gate performance [1]. - The probability of the US government taking an equity stake in Rigetti by the end of 2026 is only 8.05%, compared to 50% for IonQ [1].

Core Insights - Rigetti Computing (RGTI) enters 2026 with a robust balance sheet, differentiating itself from peers reliant on frequent capital raises [1][2] - The company's liquidity exceeds $600 million, providing multi-year financial visibility and reducing near-term dilution risk [1][2] - Rigetti's resources are sufficient to fund planned system launches, including next-generation 100+ qubit platforms with approximately 99.5% fidelity and a 150+ qubit architecture [1][7] Financial Flexibility - Rigetti's revenue profile is uneven, primarily tied to government agencies and research institutions, making financial flexibility crucial [2] - Recent contract momentum and international engagement reinforce long-term relevance but do not mitigate quarterly volatility [2] - The strong balance sheet allows Rigetti to absorb delays and customization without external financing, enhancing its competitive position [2][3] Peer Updates - D-Wave Quantum (QBTS) achieved a technical milestone with scalable on-chip cryogenic control for gate-model quantum processors, reducing wiring complexity [4] - IonQ (IONQ) is deepening its relationship with the Korea Institute of Science and Technology Information by installing a next-generation 100-qubit system, highlighting its success with government-backed institutions [5] Price Performance and Valuation - Rigetti's shares have declined 16.6% over the last six months, compared to the industry's decline of 20.3% [6] - The company trades at a price-to-book ratio of 13.31, above the industry average, and carries a Value Score of F [9] - The Zacks Consensus Estimate for Rigetti's 2026 earnings indicates a significant 75.9% improvement from the previous year [10]

Core Viewpoint - The value of quantum computing stocks, particularly Rigetti Computing, has significantly declined from their previous highs, reflecting a correction from overexuberance in the market [1][4]. Group 1: Stock Performance - Rigetti Computing's shares have dropped approximately 75% from their peak last fall, with a recent decline of 15.4% as of Friday morning [1][2]. - The company's market capitalization is currently nearly $5 billion, down from over $18 billion last fall, despite reporting only $1.9 million in third-quarter revenue [3]. Group 2: Analyst Insights - TD Cowen analyst Krish Sinkar downgraded Rigetti stock, suggesting that investors may have overestimated the company's potential and that forward estimates for 2027 are overly optimistic [2][4]. - Rigetti management anticipates that significant demand and value for quantum computing will not materialize until after 2030, indicating a longer timeline for potential returns [4]. Group 3: Market Sentiment - The current decline in Rigetti's stock price is seen as a correction from the previous market enthusiasm, with investors likely needing more time to identify successful companies in the quantum computing sector [4].

The first-mover advantage for pure-play stocks IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. may be short-lived.Although artificial intelligence (AI) sports the largest addressable global opportunity of any game-changing trend on Wall Street, AI stocks took a back seat to the advent of quantum computing in 2025.As of mid-October, pure-play quantum computing stocks IonQ (IONQ 7.25%), Rigetti Computing (RGTI 9.04%), D-Wave Quantum (QBTS 4.17%), and Quantum Computing Inc. (QUBT 4.16%) ral ...

Core Viewpoint - Rigetti Computing is focused on developing quantum computing technology but faces significant competition and challenges, leading to a downgrade in its stock rating and concerns about its financial performance [2][6]. Group 1: Company Overview - Rigetti Computing (NASDAQ:RGTI) aims to revolutionize computing through quantum mechanics, targeting faster problem-solving capabilities compared to traditional computers [1]. - The company is currently trading at $16.46, with a market capitalization of approximately $5.43 billion [5]. Group 2: Financial Performance - Rigetti's shares have declined by 23% year-to-date, attributed to a reset in the company's roadmap and disappointing financial results [2][6]. - The company is experiencing declining revenue, compressed gross margins, and ongoing operating losses [4]. Group 3: Product Development and Contracts - The launch of Rigetti's 108-qubit Cepheus system has been delayed to early 2026, raising investor concerns [3]. - Despite setbacks, Rigetti has secured $8.4 million in contracts with India's C-DAC and the U.S. Air Force, providing some medium-term visibility [3][4]. - The company plans to achieve over 150 qubits by 2026 and exceed 1,000 qubits by 2027 [3]. Group 4: Market Sentiment - Cowen & Co. downgraded Rigetti to a "Hold" rating amid the stock's decline and concerns over its financial outlook [2][6]. - The stock has fluctuated between a low of $15.75 and a high of $17.09 in recent trading [5].