Rigetti Computing to Post Q3 Earnings: What's in Store for the Stock?

Core Insights - Rigetti Computing (RGTI) is set to release its third-quarter 2025 results on November 10, with expectations of a loss per share of 5 cents and revenues of $2.39 million, reflecting a modest year-over-year improvement of 0.4% [1][2][9] Group 1: Financial Performance - The Zacks Consensus Estimate for RGTI's revenues is $2.39 million, indicating a 0.4% year-over-year increase, while the loss per share is projected at 5 cents, representing a 37.5% growth compared to the same quarter last year [2] - In the last reported quarter, RGTI's loss per share of 5 cents exceeded the Zacks Consensus Estimate by 16.7%, although the company has experienced an average earnings surprise of negative 10.8% over the past four quarters [1][2] Group 2: Influencing Factors - Ongoing uncertainty regarding U.S. public-sector funding is likely to impact RGTI's third-quarter earnings, particularly due to the expiration of the National Quantum Initiative and pending congressional reauthorization [3] - The deployment of Cepheus-1-36Q, the largest multichip quantum computer, is expected to enhance RGTI's strategic momentum and may support incremental platform revenue as early adopters explore hybrid quantum workflows [4] - RGTI's strengthened balance sheet, bolstered by a $350 million equity raise, provides the company with approximately $571.6 million in cash and no debt, allowing for continued R&D and system-scaling projects [5] Group 3: Future Outlook - The dynamics surrounding NQCC and DARPA present potential catalysts for RGTI's earnings, with advancements in U.K. programs and confidence in selection for DARPA's Quantum Benchmarking Initiative [6] - Overall, RGTI's third-quarter earnings are expected to be characterized by constrained revenue due to federal funding timing, but supported by accelerated platform deployment and strategic partnerships [7]