Rigetti Computing (NASDAQ:RGTI) Shares Up 4.7% After Earnings Beat

Shares of Rigetti Computing, Inc. (NASDAQ:RGTI) traded up 4.7% during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $17.96 and last traded at $17.76. 26,026,912 shares traded hands during trading, a decline of 17% from the average session volume of 31,469,596 shares. The stock had previously closed at $16.96.

The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Rigetti Computing had a negative return on equity of 16.58% and a negative net margin of 3,111.92%.The business had revenue of $1.87 million during the quarter, compared to analyst estimates of $2.33 million. The business’s revenue was down 17.9% compared to the same quarter last year.

Trending Headlines about Rigetti Computing

Here are the key news stories impacting Rigetti Computing this week:

• Positive Sentiment: Major technology milestones and product progress (high gate fidelities, chiplet scaling) that support long‑term upside and competitive positioning. Rigetti Computing Reports Fourth Quarter and Full-Year 2025 Financial Results
• Positive Sentiment: New customer orders for on‑prem systems — notably an ~ $8.4M order from India’s C‑DAC and other Novera on‑premises orders — which support near‑term revenue backlog and gov./research demand. Rigetti Computing, Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results
• Positive Sentiment: Balance sheet strength with roughly $590M in cash and liquid investments at year‑end gives the company runway to execute R&D and system deployments. Rigetti Computing, Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results
• Neutral Sentiment: Q4 EPS beat on a narrower loss (GAAP and non‑GAAP), which is constructive for near‑term profitability trends but came with lower revenue; management reiterated technical roadmap and said Q1 revenue growth is expected from shipments. Rigetti Computing, Inc. (RGTI) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Analysts continue to be bullish on the long‑term story (multiple buy/outperform ratings and mid‑to‑high‑$30s/$40s+ targets remain), leaving upside scenarios intact even after the report. Rigetti Computing (RGTI) Stock: Revenue Miss Doesn’t Shake Analyst’s 142% Upside Forecast
• Negative Sentiment: Revenue missed consensus (Q4 revenue ~$1.87–1.9M vs. analyst estimates ~ $2.3M) and was down year‑over‑year — the primary catalyst for the stock weakness as investors focus on near‑term monetization. RGTI Stock Down Despite Q4 Earnings Top Estimates, Revenues Decline Y/Y
• Negative Sentiment: Rising operating expenses produced a larger operating loss and compressed margins, increasing funding/cost concerns despite the cash balance. Rigetti Computing Stock Falls After Earnings. The Quantum Pure Play Faces Key Challenges.
• Negative Sentiment: Some analysts trimmed price targets (e.g., Benchmark, Needham, Mizuho adjustments) and the market reacted with near‑term selling; notable insider and institutional trimming activity was also flagged in data summaries. Rigetti Computing shares slump on Q4 revenue miss

Wall Street Analyst Weigh In

Several research firms recently weighed in on RGTI. Alliance Global Partners reiterated a “buy” rating on shares of Rigetti Computing in a report on Tuesday, November 11th. Royal Bank Of Canada cut shares of Rigetti Computing to a “hold” rating in a research report on Thursday, January 22nd. B. Riley Financial raised shares of Rigetti Computing from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Thursday, January 22nd. Jefferies Financial Group initiated coverage on shares of Rigetti Computing in a research report on Tuesday, December 16th. They set a “hold” rating and a $30.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Rigetti Computing from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.70.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RGTI. Royal Bank of Canada boosted its stake in Rigetti Computing by 106.2% during the first quarter. Royal Bank of Canada now owns 220,701 shares of the company’s stock worth $1,748,000 after acquiring an additional 113,644 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Rigetti Computing by 138.9% during the first quarter. AQR Capital Management LLC now owns 81,047 shares of the company’s stock valued at $642,000 after purchasing an additional 47,115 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Rigetti Computing by 25.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,409 shares of the company’s stock valued at $890,000 after purchasing an additional 22,770 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Rigetti Computing by 197.8% in the 1st quarter. NewEdge Advisors LLC now owns 25,592 shares of the company’s stock worth $203,000 after purchasing an additional 16,998 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Rigetti Computing in the 1st quarter worth approximately $3,115,000. 35.38% of the stock is currently owned by institutional investors.

Rigetti Computing Trading Down 4.4%

The company has a market cap of $5.60 billion, a PE ratio of -24.96 and a beta of 1.71. The firm has a 50 day moving average of $20.34 and a two-hundred day moving average of $25.75.

About Rigetti Computing

Rigetti Computing is a pioneering quantum computing company that designs and manufactures superconducting quantum processors alongside a complementary software stack. Founded in 2013 by CEO Chad Rigetti, the company has developed end-to-end quantum systems—from cryogenic hardware to control electronics—to advance the performance and scalability of quantum machines.

At the core of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which enables developers and enterprises to access quantum processing units (QPUs) and hybrid quantum-classical workflows via the cloud.