Rigetti Computing Inc. (RGTI) posted its third-quarter fiscal 2026 results after Tuesday's closing bell, missing estimates on the top and bottom lines. Here's a look at the details inside the report.

Rigetti Q3 Details

Rigetti reported quarterly losses of six cents per share, which missed the consensus estimate for a loss of five cents, per market data.

Quarterly revenue of $1.41 million missed the analyst estimate of $3.52 million and was down from $1.95 million in the same period last year.

Operating loss for the quarter was $33.2 million and non-GAAP net loss was $20.5 million.

As of Sept. 30, 2026, cash, cash equivalents and available-for-sale investments totaled $497.1 million. The company had no debt.

"Rigetti delivered meaningful progress during the third quarter across system performance, technology development and strategic execution," said Dr. Subodh Kulkarni, Rigetti CEO.

"Our Cepheus-1-108Q system achieved our goal of 99.5% median two-qubit gate fidelity, demonstrating continued performance improvement at the 100-plus-qubit level and further validating our chiplet-based approach to scaling superconducting quantum computers," Kulkarni added.

Looking Ahead

Rigetti expects fiscal 2026 revenue of approximately $20 million, assuming C-DAC customer acceptance and associated revenue recognition in the fourth quarter.

RGTI Stock Price: According to market data, Rigetti stock was down 7.24% to $11.30 in Tuesday's extended trading.