Equity Profile

RGTI

Rigetti Computing, Inc.

Information TechnologySemiconductors$6.8B

May11Mon

Post-Earnings Recap

ReportedQ1-2026After Close4:05 PM EDT

Rigetti Computing, Inc. Misses Revenue, Beats on EPS — Stock Up 8.29%

Metric	Actual	Expected	Surprise
EPS	$-0.04	$-0.04	+14.89%
Revenue	$—	$4M	—

management commentary, guidance changes, and full analysis available with Pro.

Rigetti Computing, Inc. Misses Revenue, Beats on EPS — Stock Up 8.29%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$-0.04	$-0.04	+14.89%
Revenue	$—	$4M	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Rigetti Computing's earnings report shows a positive surprise on EPS, which likely contributed to the 8.29% increase in stock price. However, the company did not report any revenue, missing the consensus expectation of $4 million. Investors may be encouraged by the EPS beat, but the lack of revenue raises concerns about overall performance.

Company Snapshot

Rigetti Computing, Inc. is a technology company focused on quantum computing, which is an emerging field with the potential to revolutionize various industries, including semiconductors....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs.

$-0.04

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$4M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Rigetti Computing, Inc. is a technology company focused on quantum computing, which is an emerging field with the potential to revolutionize various industries, including semiconductors. As part of the Information Technology sector, Rigetti is positioned at the forefront of innovation, aiming to harness quantum technology for advanced computing solutions.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

-51.50%

Avg Stock Reaction

+3.80%

Last Quarter Recap

In the last quarter, Rigetti reported an EPS of $-0.03, which was better than the expected $-0.05, resulting in a positive market reaction with a 4.72% increase in stock price the following day. However, revenue details were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Focus on improving product offerings in quantum computing.
Commitment to reducing operational costs.
Plans to enhance partnerships in the tech industry.

Expectations

Wall Street Expectations

Analysts expect Rigetti to report a slight loss this quarter, with revenue anticipated to remain modest. The market is watching closely for any signs of growth or improvement in operational efficiency.

Bull Case

If Rigetti can exceed revenue expectations and show a path to profitability, it could signal strong demand for quantum computing solutions, leading to a significant stock price increase.

Bear Case

Conversely, if the company fails to meet revenue expectations or shows continued losses, it may raise concerns about its long-term viability in a competitive market.

Key Metrics to Watch

EPS

$-0.04

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs.

Revenue

$4M

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Rigetti's revenue exceed the $4M consensus estimate?

Exceeding revenue expectations could indicate strong market demand for its quantum computing solutions and improve investor confidence.

How does the company plan to address its ongoing losses?

Investors will be keen to hear about strategies for cost management and potential paths to profitability, which are crucial for long-term sustainability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Rigetti's potential for revenue growth in the quantum computing sector, given the increasing interest and investment in this technology.

Supporting Evidence

Rigetti's recent partnerships could lead to significant contracts that have not yet been factored into revenue estimates.

The company's ability to innovate in quantum technology may position it ahead of competitors, driving future sales.

Options pricing suggests a larger expected move than historical averages, indicating that traders anticipate significant developments.

Key Risk

If Rigetti announces new partnerships or contracts that significantly boost revenue, it could challenge the current consensus outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Rigetti can turn its innovative technology into profitable operations amidst ongoing financial challenges.

Bull Confirmed If

Achieving revenue above $4M with a clear strategy for future profitability would confirm the bull case.

Bear Confirmed If

Reporting revenue below $3M or failing to provide a credible plan for reducing losses would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±12.99%

Historical Avg

±4.8%

Pricing rich

The options market is pricing in a significant potential movement in the stock, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±14.5% while RGTI has averaged ±4.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.7%

30d HV

86.6%

Calls (4.4M)P/C Ratio: 0.36Puts (2.3M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Rigetti beats expectations, history suggests a potential stock increase of around 3.33%, confirming positive market sentiment.

In-Line / Cautious

An in-line report may lead to a muted reaction, as investors await further clarity on future growth prospects.

Miss

If the company misses expectations, history suggests a potential decline of about 2.62%, raising concerns about its financial health.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on any new partnerships or contracts that could impact revenue.
2Updates on cost management strategies and their effectiveness.
3Insights into market demand for quantum computing solutions.
4Any commentary on technological advancements or product developments.
5Management's outlook on future profitability and growth.

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Company Snapshot

Rigetti Computing, Inc. is a technology company focused on quantum computing, which is an emerging field with the potential to revolutionize various industries, including semiconductors....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs.

$-0.04

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$4M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

-51.50%

Avg Stock Reaction

+3.80%

Last Quarter Recap

Management Promises & Guidance

Focus on improving product offerings in quantum computing.
Commitment to reducing operational costs.
Plans to enhance partnerships in the tech industry.

Expectations

Wall Street Expectations

Bull Case

If Rigetti can exceed revenue expectations and show a path to profitability, it could signal strong demand for quantum computing solutions, leading to a significant stock price increase.

Bear Case

Conversely, if the company fails to meet revenue expectations or shows continued losses, it may raise concerns about its long-term viability in a competitive market.

Key Metrics to Watch

EPS

$-0.04

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs.

Revenue

$4M

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Rigetti's revenue exceed the $4M consensus estimate?

Exceeding revenue expectations could indicate strong market demand for its quantum computing solutions and improve investor confidence.

How does the company plan to address its ongoing losses?

Investors will be keen to hear about strategies for cost management and potential paths to profitability, which are crucial for long-term sustainability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Rigetti's potential for revenue growth in the quantum computing sector, given the increasing interest and investment in this technology.

Supporting Evidence

Rigetti's recent partnerships could lead to significant contracts that have not yet been factored into revenue estimates.

The company's ability to innovate in quantum technology may position it ahead of competitors, driving future sales.

Options pricing suggests a larger expected move than historical averages, indicating that traders anticipate significant developments.

Key Risk

If Rigetti announces new partnerships or contracts that significantly boost revenue, it could challenge the current consensus outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Rigetti can turn its innovative technology into profitable operations amidst ongoing financial challenges.

Bull Confirmed If

Achieving revenue above $4M with a clear strategy for future profitability would confirm the bull case.

Bear Confirmed If

Reporting revenue below $3M or failing to provide a credible plan for reducing losses would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±12.99%

Historical Avg

±4.8%

Pricing rich

The options market is pricing in a significant potential movement in the stock, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±14.5% while RGTI has averaged ±4.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.7%

30d HV

86.6%

Calls (4.4M)P/C Ratio: 0.36Puts (2.3M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Rigetti beats expectations, history suggests a potential stock increase of around 3.33%, confirming positive market sentiment.

In-Line / Cautious

An in-line report may lead to a muted reaction, as investors await further clarity on future growth prospects.

Miss

If the company misses expectations, history suggests a potential decline of about 2.62%, raising concerns about its financial health.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on any new partnerships or contracts that could impact revenue.
2Updates on cost management strategies and their effectiveness.
3Insights into market demand for quantum computing solutions.
4Any commentary on technological advancements or product developments.
5Management's outlook on future profitability and growth.