Rigetti Computing, Inc. (RGTI) Reports Q2 Loss, Misses Revenue Estimates

Financial Performance - Rigetti Computing reported a quarterly loss of $0.05 per share, better than the Zacks Consensus Estimate of a loss of $0.06, and an improvement from a loss of $0.07 per share a year ago, resulting in an earnings surprise of +16.67% [1] - The company posted revenues of $1.8 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 5.71%, and a decline from year-ago revenues of $3.09 million [2] - Over the last four quarters, Rigetti has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates during the same period [2] Stock Performance and Outlook - Rigetti Computing shares have increased approximately 4.7% since the beginning of the year, compared to the S&P 500's gain of 8.4% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.06 on revenues of $2.39 million, and for the current fiscal year, it is -$0.05 on revenues of $8.78 million [7] - The company's Zacks Rank is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Industry Context - The Internet - Software industry, to which Rigetti belongs, is currently in the top 39% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8]