BERKELEY, Calif., Nov. 10, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the third quarter ended September 30, 2025. Third Quarter 2025 and Recent Financial Highlights Total revenues for the three months ended September 30, 2025 were $1.9 millionOperating loss for the three months ended September 30 was $20.5 millionFor the three months ended September 30, 2025: GAAP ...

Key Takeaways RGTI announced $5.7M in orders for two Novera 9-qubit systems from tech and AI startups.RGTI signed an MOU with India's C-DAC to co-develop hybrid quantum-classical systems.Upcoming Q3 results will gauge RGTI's shift from R&D toward commercial execution and scalability.As the third quarter approaches, Rigetti Computing (RGTI) is trying to turn strategy into reality. In September, the company announced purchase orders totaling approximately $5.7 million for two of its Novera 9-qubit quantum sys ...

Hewlett Packard Enterprise (HPE) on Monday said it's forming a quantum computing consortium that will develop a quantum supercomputer. HPE stock climbed amid the news. Other members of the quantum computing consortium include Applied Materials (AMAT), Qolab, Quantum Machines, Riverlane, Synopsys, the University of Wisconsin and 1QBit. Called the Quantum Scaling Alliance, HPE said the consortium aims to "design and develop a practically useful and cost-effective quantum supercomputer." HPE's High Performance ...

CANADA - 2025/09/15: In this photo illustration, the IonQ logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesIonQ (IONQ) shares have dropped 24% over the last month and are currently priced at $59.27. Our multi-faceted analysis indicates that it might be time to sell IONQ shares. Overall, we hold a pessimistic outlook regarding the stock, and a valuation of $42 might not be unrealistic. We belie ...

Nov 10, 2025 8:15 AM Eastern Standard Time IonQ and the University of Chicago Sign Landmark Agreement to Establish IonQ Center for Engineering and Science to Accelerate Quantum Research and Commercialization Share Research areas include quantum hardware for computing, networking, sensing, and security, and quantum applications for chemistry, materials science, optimization, security, and advanced communication protocols — all areas aligned with IonQ's roadmap of critical quantum technologies. This agreement ...

Core Viewpoint - IonQ, Inc. (IONQ) is considered a long-term investment opportunity despite concerns regarding its valuation and share price volatility, emphasizing that significant returns often require taking substantial risks [1]. Company Analysis - IonQ is positioned in the quantum computing sector, which is expected to grow significantly, making it a potentially valuable asset for long-term investors [1]. - The company currently has a negative earnings per share (EPS), which may deter some investors but is common in high-growth sectors [1]. Market Trends - The volatility in IonQ's share price reflects broader market trends in technology and emerging industries, where investor sentiment can fluctuate based on news and performance metrics [1]. - The quantum computing industry is still in its early stages, suggesting that companies like IonQ may experience rapid growth as the technology matures and becomes more widely adopted [1].

Key Points Rigetti Computing is all-in on the quantum computing arms race. Rigetti Computing's systems are compatible with Nvidia's NVQLink. 10 stocks we like better than Rigetti Computing › Rigetti Computing (NASDAQ: RGTI) is one of the leading quantum computing pure-play companies to invest in. Pure plays are exciting investment opportunities, as they're slated to soar if their version of quantum computing becomes the industry standard. On the flip side, these companies have an incredible amount o ...

Core Insights - IonQ's impressive sales growth of 222% year-over-year in Q3 highlights a significant flaw in the quantum computing investment thesis, suggesting that current valuations may not be sustainable [6][10][20] Company Performance - IonQ reported $39.9 million in revenue for the third quarter, exceeding its own guidance by 37% and Wall Street's expectations by nearly $13 million [6][10] - The company raised its full-year sales guidance to a range of $106 million to $110 million, which is approximately $17 million higher than the consensus estimate from analysts [6] - IonQ's operating loss increased to $168.8 million, more than tripling from the previous year, indicating challenges in profitability despite revenue growth [9][10] Market Context - Quantum computing stocks have seen significant price increases, with trailing-12-month gains for companies like IonQ ranging from 274% to 2,970% as of November 6 [2] - The price-to-sales (P/S) ratios for quantum computing companies are concerning, with IonQ's P/S ratio at 250, Rigetti Computing at 1,102, D-Wave Quantum at 326, and Quantum Computing Inc. at 6,190, suggesting that current valuations are unsustainable [15][17] Industry Outlook - Quantum computing is still in the early stages of commercialization, with many companies yet to optimize the technology or achieve a positive return on investment [20] - Historical trends indicate that early-stage technologies often experience a bubble-bursting event, raising concerns about the longevity of the current hype surrounding quantum computing stocks [19][20]

Core Viewpoint - Rigetti Computing is preparing to release its third-quarter 2025 results, with expectations of a loss per share of 5 cents and revenues of $2.39 million, indicating a year-over-year growth of 37.5% in earnings but only a modest revenue growth of 0.4% [2][3]. Financial Performance - The consensus estimate for 2025 revenues is $8.7 million, reflecting a decline of 19.7% year over year, while the loss per share is expected to be 9 cents, suggesting a year-over-year growth of 75% [4]. - Rigetti has had mixed performance in the past four quarters, surpassing the consensus estimate once, missing once, and meeting expectations twice, resulting in an average earnings surprise of negative 10.8% [4]. Earnings Analysis - Rigetti has an Earnings ESP of 0.00%, indicating no expected earnings surprise for the upcoming report [5]. - The company currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [6]. Market and Operational Factors - The third-quarter performance is likely to be influenced by uncertainties in U.S. public-sector funding, particularly due to the expiration of the National Quantum Initiative [7]. - Rigetti's rollout of the Cepheus-1-36Q quantum system is expected to provide early benefits, with strong technical gains and increased experimentation among customers [8]. Cash Position and Valuation - Rigetti has over $570 million in cash and no debt, positioning it well for continued system development and stable margin execution [9]. - Year-to-date, Rigetti's shares have gained 125.1%, outperforming the broader Internet Software industry, which advanced 10.2% [12]. Long-Term Strategy - Rigetti aims to deliver a 100+ qubit chiplet-based system with approximately 99.5% fidelity by the end of 2025, with a long-term goal of achieving a 1,000-qubit system [13]. - The company is focusing on building an ecosystem through partnerships, such as the collaboration with Quanta Computer Inc., which includes significant financial commitments from both parties [17][18]. Commercial Developments - Recent orders for the Novera QPU systems indicate growing demand for quantum systems beyond government labs, with potential for broader enterprise adoption in the future [15][16]. - The integration of Novera with NVIDIA's DGX Quantum platform highlights Rigetti's efforts in hybrid quantum-classical workflows [18]. Investment Outlook - The upcoming third-quarter results are expected to reflect steady progress rather than a major financial turning point, supporting a hold view for investors [19]. - While Rigetti's balance sheet allows for continued investment, visibility into larger commercial demand remains limited, suggesting a cautious approach for prospective investors [21].

Core Insights - The rise of artificial intelligence (AI) has significantly impacted the market, particularly benefiting technology stocks over the past three years [1] - Wall Street's interest in AI has extended to quantum computing, with companies like IonQ aiming to replicate the success of Nvidia in this space [2] Company Overview - IonQ currently holds $3.5 billion in cash, positioning it to pursue its growth ambitions in quantum computing [3] - The company is focused on developing a commercial quantum computing platform to leverage advanced computing capabilities [5] - IonQ's revenue guidance for full-year 2025 is $110 million, while it has incurred over $208 million in operating losses in the first nine months of the current year [6] Market Potential - The commercial viability of quantum computing remains uncertain, with experts divided on its market potential and timeline for practical applications [8][9] - McKinsey & Company projects quantum computing revenue could increase from $4 billion in 2022 to $72 billion by 2035, though some industry leaders suggest practical quantum computers are still 5 to 10 years away [9] Competitive Landscape - IonQ faces competition from major tech companies like Alphabet, Amazon, IBM, Microsoft, and Nvidia, all of which are investing in quantum technology [10] - The company currently sells access to its quantum computers through cloud providers, which may develop their own solutions, posing a risk to IonQ's business model [11] Financial Metrics - IonQ's market capitalization is approximately $21 billion, with a current stock price of $1.84, reflecting a high valuation relative to its revenue guidance [12][14] - The stock is trading at about 172 times the upper end of its 2025 revenue forecast, indicating a high-risk investment profile [14] Investment Considerations - Despite its substantial cash reserves, IonQ's future success is not guaranteed, and the stock is viewed as a risky investment due to its high valuation and operational losses [15]