Equity Profile

RGTI

Rigetti Computing, Inc.

Information TechnologySemiconductors$6.2B

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 cutting-edge field within the semiconductor industry....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well Rigetti is managing its expenses relative to revenue.

$-0.05

Revenue

Revenue figures will provide insight into the company's sales performance and market demand for its quantum computing solutions.

$4M

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 cutting-edge field within the semiconductor industry. As businesses increasingly explore advanced computing solutions, Rigetti's innovations could play a significant role in shaping 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, which was better than the expected $-0.05, resulting in a positive market reaction with the stock rising 8.29% the following day. However, there was no revenue reported against estimates, leaving some uncertainty about sales performance.

Management Promises & Guidance

Management indicated a focus on expanding partnerships in the quantum computing space.
They committed to enhancing their technology to improve performance metrics.
Management expressed optimism about future demand for quantum solutions.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Rigetti's upcoming earnings, expecting a slight loss but hoping for better-than-expected revenue figures. The stock's recent performance suggests that investors are looking for signs of growth and operational improvements.

Bull Case

If Rigetti can beat EPS estimates and show strong revenue growth, it could signal a turnaround in profitability and boost investor confidence in their technology.

Bear Case

Conversely, if Rigetti misses on both EPS and revenue, it may raise concerns about the company's ability to compete in the rapidly evolving quantum computing market.

Key Metrics to Watch

Earnings Per Share (EPS)

$-0.05

EPS is a key indicator of profitability and will show how well Rigetti is managing its expenses relative to revenue.

Revenue

$4M

Revenue figures will provide insight into the company's sales performance and market demand for its quantum computing solutions.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS come in better than the consensus estimate of $-0.05?

A better-than-expected EPS could indicate improved cost management and operational efficiency, which is crucial for investor confidence.

What will the revenue figure be relative to the consensus of $4M?

Revenue performance will be a direct indicator of market demand for Rigetti's products and services, impacting future growth prospects.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Rigetti to exceed revenue expectations due to recent partnerships that could drive sales growth.

Supporting Evidence

The company's recent technological advancements may not be fully reflected in current revenue estimates.

Investors are pricing in a significant move, suggesting they anticipate either a major positive or negative surprise.

The historical EPS beat rate of 75% indicates a strong track record of exceeding expectations.

Key Risk

If Rigetti's revenue comes in above $6M, it could challenge the current bearish sentiment and shift market perceptions.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect Rigetti's ability to capitalize on the growing interest in quantum computing technology.

Bull Confirmed If

Achieving revenue above $6M would strongly support the bull case, indicating robust demand for quantum computing solutions.

Bear Confirmed If

If revenue falls below $2M, it would confirm the bear case, raising concerns about market traction and product acceptance.

Pre-Earnings Positioning

Options Market

Implied Move

±32.34%

Historical Avg

±4.8%

Pricing rich

The options market is pricing in a significant move, indicating that investors 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, history suggests the stock could rise by around 4.16%, confirming a positive outlook for the company's growth.

In-Line / Cautious

If results come in line with expectations, the market may react cautiously, leading to a muted response as investors await further clarity.

Miss

If the company misses on both EPS and revenue, history suggests a potential decline of around 2.72%, which could raise red flags about its competitive position.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new partnerships or contracts that could drive revenue growth.
2Details on product performance and customer feedback regarding their quantum computing solutions.
3Management's outlook on the competitive landscape and how they plan to differentiate their offerings.
4Insights into operational efficiencies that could improve future profitability.
5Any commentary on market trends in quantum computing that could impact demand.

See the full picture

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Company Snapshot

Rigetti Computing, Inc. is a technology company focused on quantum computing, which is a cutting-edge field within the semiconductor industry....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well Rigetti is managing its expenses relative to revenue.

$-0.05

Revenue

Revenue figures will provide insight into the company's sales performance and market demand for its quantum computing solutions.

$4M

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

Management indicated a focus on expanding partnerships in the quantum computing space.
They committed to enhancing their technology to improve performance metrics.
Management expressed optimism about future demand for quantum solutions.

Expectations

Wall Street Expectations

Bull Case

If Rigetti can beat EPS estimates and show strong revenue growth, it could signal a turnaround in profitability and boost investor confidence in their technology.

Bear Case

Conversely, if Rigetti misses on both EPS and revenue, it may raise concerns about the company's ability to compete in the rapidly evolving quantum computing market.

Key Metrics to Watch

Earnings Per Share (EPS)

$-0.05

EPS is a key indicator of profitability and will show how well Rigetti is managing its expenses relative to revenue.

Revenue

$4M

Revenue figures will provide insight into the company's sales performance and market demand for its quantum computing solutions.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS come in better than the consensus estimate of $-0.05?

A better-than-expected EPS could indicate improved cost management and operational efficiency, which is crucial for investor confidence.

What will the revenue figure be relative to the consensus of $4M?

Revenue performance will be a direct indicator of market demand for Rigetti's products and services, impacting future growth prospects.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Rigetti to exceed revenue expectations due to recent partnerships that could drive sales growth.

Supporting Evidence

The company's recent technological advancements may not be fully reflected in current revenue estimates.

Investors are pricing in a significant move, suggesting they anticipate either a major positive or negative surprise.

The historical EPS beat rate of 75% indicates a strong track record of exceeding expectations.

Key Risk

If Rigetti's revenue comes in above $6M, it could challenge the current bearish sentiment and shift market perceptions.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect Rigetti's ability to capitalize on the growing interest in quantum computing technology.

Bull Confirmed If

Achieving revenue above $6M would strongly support the bull case, indicating robust demand for quantum computing solutions.

Bear Confirmed If

If revenue falls below $2M, it would confirm the bear case, raising concerns about market traction and product acceptance.

Pre-Earnings Positioning

Options Market

Implied Move

±32.34%

Historical Avg

±4.8%

Pricing rich

The options market is pricing in a significant move, indicating that investors 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, history suggests the stock could rise by around 4.16%, confirming a positive outlook for the company's growth.

In-Line / Cautious

If results come in line with expectations, the market may react cautiously, leading to a muted response as investors await further clarity.

Miss

If the company misses on both EPS and revenue, history suggests a potential decline of around 2.72%, which could raise red flags about its competitive position.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new partnerships or contracts that could drive revenue growth.
2Details on product performance and customer feedback regarding their quantum computing solutions.
3Management's outlook on the competitive landscape and how they plan to differentiate their offerings.
4Insights into operational efficiencies that could improve future profitability.
5Any commentary on market trends in quantum computing that could impact demand.