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 rapidly advancing field within the semiconductor sector....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and financial health, especially as the company continues to invest in growth.

$-0.05

Revenue

Revenue figures will provide insight into the company's market traction and 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 rapidly advancing field within the semiconductor sector. As businesses and researchers explore quantum solutions for complex problems, Rigetti's innovations could play a crucial role in shaping 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 Q1-2026, Rigetti reported an EPS of $-0.04, which was better than the expected $-0.05, indicating a positive surprise. The stock reacted positively, gaining 8.29% the next day.

Management Promises & Guidance

Focus on expanding quantum computing capabilities.
Commitment to enhancing customer partnerships.
Plans to increase investment in research and development.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Rigetti's upcoming earnings, with expectations of a slight improvement in EPS and revenue. The company has shown a pattern of beating estimates in recent quarters, which could set the stage for a positive reaction.

Bull Case

If Rigetti can report better-than-expected revenue and continue its trend of EPS surprises, it may signal strong demand for its quantum solutions, leading to further stock gains.

Bear Case

Conversely, if the company fails to meet revenue expectations or provides weak guidance, it could raise concerns about its growth trajectory and lead to a negative market reaction.

Key Metrics to Watch

EPS

$-0.05

Earnings per share is a key indicator of profitability and financial health, especially as the company continues to invest in growth.

Revenue

$4M

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

Expectations

Two Questions That Matter

The print will turn on these two things.

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

Meeting or exceeding this revenue target could indicate strong demand for its quantum computing solutions and validate growth strategies.

How will management address the ongoing investment in R&D and its impact on future profitability?

Investors will be keen to understand how current spending aligns with long-term growth and profitability goals.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Rigetti's potential for revenue growth due to its unique positioning in the quantum computing market, which could be less sensitive to broader economic trends.

Supporting Evidence

Rigetti has consistently surprised on EPS, indicating stronger operational performance than expected.

The company's recent partnerships may drive higher-than-expected revenue growth.

Options pricing suggests traders expect significant movement, which could indicate underlying bullish sentiment.

Key Risk

If revenue growth exceeds $5M, it could challenge the current bearish sentiment and validate the company's growth strategy.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Rigetti can sustain its growth trajectory amid increasing competition and investment needs.

Bull Confirmed If

Revenue growth of 20% or more compared to the previous quarter would confirm a strong demand for Rigetti's products.

Bear Confirmed If

If EPS comes in worse than the consensus of $-0.05, it may signal deeper issues in the company's financial health.

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, indicating 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, history suggests the stock could rise by an average of 4.16%, confirming strong demand and growth potential.

In-Line / Cautious

An in-line report may lead to muted reactions as investors await further clarity on future guidance.

Miss

If the company misses expectations, history indicates an average decline of 2.72%, raising concerns about its growth strategy.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on customer partnerships and their impact on revenue.
2Details on R&D investments and expected outcomes.
3Any commentary on competitive positioning in the quantum computing space.
4Insights into market demand for quantum solutions.
5Management's outlook for the next quarter and beyond.

See the full picture

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 advancing field within the semiconductor sector....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and financial health, especially as the company continues to invest in growth.

$-0.05

Revenue

Revenue figures will provide insight into the company's market traction and 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

In Q1-2026, Rigetti reported an EPS of $-0.04, which was better than the expected $-0.05, indicating a positive surprise. The stock reacted positively, gaining 8.29% the next day.

Management Promises & Guidance

Focus on expanding quantum computing capabilities.
Commitment to enhancing customer partnerships.
Plans to increase investment in research and development.

Expectations

Wall Street Expectations

Bull Case

If Rigetti can report better-than-expected revenue and continue its trend of EPS surprises, it may signal strong demand for its quantum solutions, leading to further stock gains.

Bear Case

Conversely, if the company fails to meet revenue expectations or provides weak guidance, it could raise concerns about its growth trajectory and lead to a negative market reaction.

Key Metrics to Watch

EPS

$-0.05

Earnings per share is a key indicator of profitability and financial health, especially as the company continues to invest in growth.

Revenue

$4M

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

Expectations

Two Questions That Matter

The print will turn on these two things.

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

Meeting or exceeding this revenue target could indicate strong demand for its quantum computing solutions and validate growth strategies.

How will management address the ongoing investment in R&D and its impact on future profitability?

Investors will be keen to understand how current spending aligns with long-term growth and profitability goals.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Rigetti's potential for revenue growth due to its unique positioning in the quantum computing market, which could be less sensitive to broader economic trends.

Supporting Evidence

Rigetti has consistently surprised on EPS, indicating stronger operational performance than expected.

The company's recent partnerships may drive higher-than-expected revenue growth.

Options pricing suggests traders expect significant movement, which could indicate underlying bullish sentiment.

Key Risk

If revenue growth exceeds $5M, it could challenge the current bearish sentiment and validate the company's growth strategy.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Rigetti can sustain its growth trajectory amid increasing competition and investment needs.

Bull Confirmed If

Revenue growth of 20% or more compared to the previous quarter would confirm a strong demand for Rigetti's products.

Bear Confirmed If

If EPS comes in worse than the consensus of $-0.05, it may signal deeper issues in the company's financial health.

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, indicating 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, history suggests the stock could rise by an average of 4.16%, confirming strong demand and growth potential.

In-Line / Cautious

An in-line report may lead to muted reactions as investors await further clarity on future guidance.

Miss

If the company misses expectations, history indicates an average decline of 2.72%, raising concerns about its growth strategy.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on customer partnerships and their impact on revenue.
2Details on R&D investments and expected outcomes.
3Any commentary on competitive positioning in the quantum computing space.
4Insights into market demand for quantum solutions.
5Management's outlook for the next quarter and beyond.