Equity Profile

RGTI

Rigetti Computing, Inc.

Information TechnologySemiconductors$6.8B

Aug12Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Rigetti Computing, Inc. is a technology company focused on quantum computing, which is a rapidly evolving field within the information technology sector....

Key Metrics to Watch

Quantum Processor Performance

This metric will indicate the advancements Rigetti has made in quantum computing capabilities, which is crucial for attracting customers and investors.

N/A

Revenue Growth

Investors will be keen to see if Rigetti can demonstrate growth in revenue, reflecting demand for its quantum computing solutions.

N/A

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

RGTI Q2-2026 Earnings Preview

Context

Company Snapshot

Rigetti Computing, Inc. is a technology company focused on quantum computing, which is a rapidly evolving field within the information technology sector. As a player in the semiconductor industry, Rigetti is working on developing advanced quantum processors that could revolutionize computing power and efficiency, making it a significant player in the future of technology.

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 -$0.04, beating expectations by nearly 15%. The stock reacted positively, gaining over 8% the following day, indicating investor optimism.

Management Promises & Guidance

Continued focus on enhancing quantum processor capabilities.
Commitment to expanding partnerships in the tech industry.
Plans to increase research and development spending to accelerate innovation.

Expectations

Wall Street Expectations

Overall, expectations are mixed as investors look for signs of growth in a competitive market. The recent positive EPS surprises may lead to cautious optimism.

Bull Case

If Rigetti shows significant advancements in quantum processor performance and strong revenue growth, it could attract more investment and partnerships, boosting the stock price.

Bear Case

If the company fails to demonstrate progress in its technology or revenue growth, it may face skepticism from investors, leading to a decline in stock value.

Expectations

Two Questions That Matter

The print will turn on these two things.

What specific advancements in quantum processor performance can Rigetti report this quarter?

This will be critical for assessing the company's competitive position and future growth potential in the quantum computing market.

How many new customers or partnerships has Rigetti secured recently?

New customer acquisitions can indicate market confidence in Rigetti's technology and its ability to generate revenue.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Rigetti's potential for rapid growth in quantum computing, as it is focusing too heavily on traditional semiconductor metrics.

Supporting Evidence

The options market is pricing a 32.34% move, indicating that traders expect significant developments.

Rigetti's recent positive EPS surprises suggest that the company is on a growth trajectory despite market skepticism.

Key Risk

If Rigetti reports substantial advancements in technology or new customer acquisitions, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching Rigetti's ability to innovate and grow in a competitive landscape, making these metrics pivotal.

Bull Confirmed If

Demonstrating a significant increase in quantum processor performance metrics compared to the previous quarter.

Bear Confirmed If

Failing to secure any new customer partnerships or showing stagnant revenue growth.

Pre-Earnings Positioning

Options Market

Implied Move

±32.34%

Historical Avg

±4.8%

Pricing rich

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

Options are pricing ±32.3% while RGTI has averaged ±4.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.1%

30d HV

128.0%

Calls (8.1M)P/C Ratio: 0.37Puts (2.0M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Rigetti beats expectations and raises guidance, history suggests the stock could rise by about 4.16%, confirming bullish sentiment.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may see a muted reaction as investors reassess their outlook.

Miss

If Rigetti misses expectations, the stock could decline by around 2.72%, reflecting disappointment in growth prospects.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on advancements in quantum processor technology.
2Updates on customer acquisition and partnerships.
3Any commentary on future revenue projections.
4Insights into R&D spending and innovation plans.
5Management's outlook on competitive positioning in the market.

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AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Rigetti Computing, Inc. is a technology company focused on quantum computing, which is a rapidly evolving field within the information technology sector....

Key Metrics to Watch

Quantum Processor Performance

This metric will indicate the advancements Rigetti has made in quantum computing capabilities, which is crucial for attracting customers and investors.

N/A

Revenue Growth

Investors will be keen to see if Rigetti can demonstrate growth in revenue, reflecting demand for its quantum computing solutions.

N/A

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

RGTI Q2-2026 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

In the last quarter, Rigetti reported an EPS of -$0.04, beating expectations by nearly 15%. The stock reacted positively, gaining over 8% the following day, indicating investor optimism.

Management Promises & Guidance

Continued focus on enhancing quantum processor capabilities.
Commitment to expanding partnerships in the tech industry.
Plans to increase research and development spending to accelerate innovation.

Expectations

Wall Street Expectations

Overall, expectations are mixed as investors look for signs of growth in a competitive market. The recent positive EPS surprises may lead to cautious optimism.

Bull Case

If Rigetti shows significant advancements in quantum processor performance and strong revenue growth, it could attract more investment and partnerships, boosting the stock price.

Bear Case

If the company fails to demonstrate progress in its technology or revenue growth, it may face skepticism from investors, leading to a decline in stock value.

Expectations

Two Questions That Matter

The print will turn on these two things.

What specific advancements in quantum processor performance can Rigetti report this quarter?

This will be critical for assessing the company's competitive position and future growth potential in the quantum computing market.

How many new customers or partnerships has Rigetti secured recently?

New customer acquisitions can indicate market confidence in Rigetti's technology and its ability to generate revenue.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Rigetti's potential for rapid growth in quantum computing, as it is focusing too heavily on traditional semiconductor metrics.

Supporting Evidence

The options market is pricing a 32.34% move, indicating that traders expect significant developments.

Rigetti's recent positive EPS surprises suggest that the company is on a growth trajectory despite market skepticism.

Key Risk

If Rigetti reports substantial advancements in technology or new customer acquisitions, it could significantly shift market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching Rigetti's ability to innovate and grow in a competitive landscape, making these metrics pivotal.

Bull Confirmed If

Demonstrating a significant increase in quantum processor performance metrics compared to the previous quarter.

Bear Confirmed If

Failing to secure any new customer partnerships or showing stagnant revenue growth.

Pre-Earnings Positioning

Options Market

Implied Move

±32.34%

Historical Avg

±4.8%

Pricing rich

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

Options are pricing ±32.3% while RGTI has averaged ±4.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.1%

30d HV

128.0%

Calls (8.1M)P/C Ratio: 0.37Puts (2.0M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Rigetti beats expectations and raises guidance, history suggests the stock could rise by about 4.16%, confirming bullish sentiment.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may see a muted reaction as investors reassess their outlook.

Miss

If Rigetti misses expectations, the stock could decline by around 2.72%, reflecting disappointment in growth prospects.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on advancements in quantum processor technology.
2Updates on customer acquisition and partnerships.
3Any commentary on future revenue projections.
4Insights into R&D spending and innovation plans.
5Management's outlook on competitive positioning in the market.