Rigetti Computing (RGTI) will report its results for the fourth quarter on Wednesday, after markets close.
Wall Street expects the company to post a loss of $0.03 per share on a revenue of $2.33M, implying a rise of around 2.6% year over year.
During the quarter, Rigetti Computing reported third-quarter results that saw it beat earnings expectations while missing on revenue. Management also outlined a technology roadmap targeting a 1,000-plus qubit system by 2027 and highlighted progress on global partnerships.
Separately, it also announced support for NVIDIA’s NVQLink quantum-AI platform, demonstrating collaboration at NVIDIA’s GTC event, as quantum stocks saw bouts of volatility tied to government-related headlines and analyst rating actions.
According to Alpha’s Quant Rating system, RGTI is rated Hold with an overall score of 2.79 out of 5, reflecting grades of B both in terms of growth and momentum, but a D- in profitability.
An analyst at Seeking Alpha said Rigetti faces near-term headwinds as “growth stocks are pressured” and after it “delayed the launch of one of its 108-qubit quantum systems,” adding that there has been “no official update” on potential benefits from the U.S. DoE grant and no indication yet on DARPA qualification.
At the same time, they highlighted tailwinds, including a strong balance sheet with “$450M cash and low debt,” and described the $8.4M India purchase order as a “silver lining” that could support a revenue inflection if most of the backlog is recognized in CY26.
Over the past year, RGTI has beaten EPS estimates 25% of the time and has beaten revenue estimates 75% of the time.
Shares have fallen about 10% over the past month and are down roughly 24.2% so far this year.