Equity Profile

RGTI

Rigetti Computing, Inc.

Information TechnologySemiconductors$5.1B

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 an emerging field that could revolutionize various industries, including semiconductors....

Key Metrics to Watch

EPS

Earnings per share (EPS) is crucial as it reflects the company's profitability and is a key indicator for investors.

N/A

Revenue Growth

Revenue growth indicates how well the company is expanding its business and capturing market share in the competitive semiconductor industry.

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 an emerging field that could revolutionize various industries, including semiconductors. As part of the Information Technology sector, Rigetti aims to leverage its quantum technology to solve complex problems faster than traditional computers, making it a key player in the future of computing.

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, which was better than the expected -$0.05, resulting in a positive surprise of nearly 15%. The stock reacted positively, gaining over 8% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for Rigetti's upcoming earnings are uncertain due to the lack of analyst estimates and management guidance. Investors will be closely watching for any signs of revenue growth and contract wins in quantum computing.

Bull Case

If Rigetti shows strong revenue growth and new contracts in quantum computing, it could signal a robust demand for its technology, leading to a significant stock price increase.

Bear Case

Conversely, if the company fails to demonstrate revenue growth or reports wider losses, it could lead to a sharp decline in investor confidence and a drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected revenue growth for the quantum computing segment this quarter?

Revenue growth in this segment is critical for assessing the company's market position and future prospects.

How many new contracts has Rigetti secured in the last quarter?

New contracts can indicate demand for Rigetti's technology and its ability to compete in the quantum computing market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Rigetti to secure new contracts in quantum computing, which could drive significant revenue growth this quarter.

Supporting Evidence

The options market is pricing a 32.34% move, indicating high volatility that suggests investors expect significant news.

Rigetti's recent positive EPS surprises indicate a trend that could continue if the company secures new contracts.

Key Risk

If Rigetti reports new contracts significantly above expectations, it could shift market sentiment dramatically.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis this quarter revolves around Rigetti's ability to grow its revenue and secure new contracts in a competitive market.

Bull Confirmed If

Demonstrating revenue growth of over 10% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A revenue decline or failure to secure new contracts would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±32.34%

Historical Avg

±4.8%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating high uncertainty surrounding the earnings report.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Semiconductors

n=30

Fade rate: 4 of 9 (44%)

This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Rigetti beats expectations, history suggests the stock could rise by around 4.16%, confirming a positive outlook for the company.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may see little movement as investors digest the commentary.

Miss

In the event of a miss, history suggests a potential decline of about 2.72%, which could shake investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on revenue growth in the quantum computing segment.
2Updates on new contracts or partnerships in the pipeline.
3Management's outlook on future demand for quantum computing technology.
4Any commentary on competitive positioning against other semiconductor companies.
5Insights on operational efficiencies or cost management strategies.

See the full picture

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

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Aug10

BWBMO

Babcock & Wilcox Enterprises, Inc.

PreviewView

Aug10

ROIVBMO

Company Snapshot

Rigetti Computing, Inc. is a technology company focused on quantum computing, which is an emerging field that could revolutionize various industries, including semiconductors....

Key Metrics to Watch

EPS

Earnings per share (EPS) is crucial as it reflects the company's profitability and is a key indicator for investors.

N/A

Revenue Growth

Revenue growth indicates how well the company is expanding its business and capturing market share in the competitive semiconductor industry.

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

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Rigetti shows strong revenue growth and new contracts in quantum computing, it could signal a robust demand for its technology, leading to a significant stock price increase.

Bear Case

Conversely, if the company fails to demonstrate revenue growth or reports wider losses, it could lead to a sharp decline in investor confidence and a drop in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected revenue growth for the quantum computing segment this quarter?

Revenue growth in this segment is critical for assessing the company's market position and future prospects.

How many new contracts has Rigetti secured in the last quarter?

New contracts can indicate demand for Rigetti's technology and its ability to compete in the quantum computing market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Rigetti to secure new contracts in quantum computing, which could drive significant revenue growth this quarter.

Supporting Evidence

The options market is pricing a 32.34% move, indicating high volatility that suggests investors expect significant news.

Rigetti's recent positive EPS surprises indicate a trend that could continue if the company secures new contracts.

Key Risk

If Rigetti reports new contracts significantly above expectations, it could shift market sentiment dramatically.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis this quarter revolves around Rigetti's ability to grow its revenue and secure new contracts in a competitive market.

Bull Confirmed If

Demonstrating revenue growth of over 10% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A revenue decline or failure to secure new contracts would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±32.34%

Historical Avg

±4.8%

Pricing rich

The options market is pricing in a significant potential move in either direction, indicating high uncertainty surrounding the earnings report.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Semiconductors

n=30

Fade rate: 4 of 9 (44%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Rigetti beats expectations, history suggests the stock could rise by around 4.16%, confirming a positive outlook for the company.

In-Line / Cautious

If results are in line with expectations but management is cautious, the stock may see little movement as investors digest the commentary.

Miss

In the event of a miss, history suggests a potential decline of about 2.72%, which could shake investor confidence.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on revenue growth in the quantum computing segment.
2Updates on new contracts or partnerships in the pipeline.
3Management's outlook on future demand for quantum computing technology.
4Any commentary on competitive positioning against other semiconductor companies.
5Insights on operational efficiencies or cost management strategies.