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, a field that has the potential to revolutionize various industries, including semiconductors....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its business and capture 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, a field that has the potential to revolutionize various industries, including semiconductors. As part of the Information Technology sector, Rigetti is positioned in a rapidly evolving market that is increasingly influenced by advancements in artificial intelligence and cloud 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, slightly beating expectations of -$0.05, which resulted in a positive stock reaction of 8.29% the following day. However, revenue figures were not disclosed, leaving some uncertainty about overall performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Rigetti's upcoming earnings, given its recent trend of beating EPS estimates. However, the lack of revenue guidance adds an element of uncertainty.

Bull Case

If Rigetti continues its trend of beating EPS estimates and provides positive commentary on revenue growth, it could signal strong demand for its quantum computing solutions, driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a significant sell-off, especially given the high implied volatility in the options market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected revenue growth for the upcoming quarter?

Revenue growth is critical for assessing the company's market position and future profitability, especially in a competitive sector like semiconductors.

What are the gross margins for the latest products?

Understanding gross margins will help investors gauge the efficiency of production and pricing strategies, which are vital for long-term success.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Rigetti's potential for revenue growth due to its unique positioning in the quantum computing space, which could drive demand beyond current expectations.

Supporting Evidence

Recent trends show that Rigetti has consistently beaten EPS estimates, indicating stronger underlying performance than anticipated.

The options market is pricing a significant move, suggesting that traders expect a substantial reaction, which could indicate confidence in the company's prospects.

Key Risk

If Rigetti reports revenue growth significantly above expectations, it could shift market sentiment dramatically.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate centers around whether Rigetti can sustain its momentum in a challenging semiconductor market while managing costs effectively.

Bull Confirmed If

Achieving revenue growth of at least 15% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

If revenue growth is flat or negative, it would support 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, 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 and raises guidance, history suggests a potential stock increase of around 4.16%, confirming strong demand for its products.

In-Line / Cautious

If results are in line with expectations but management offers cautious commentary, the stock may see a muted reaction, reflecting uncertainty.

Miss

Should Rigetti miss expectations, history suggests a potential decline of about 2.72%, as investors may reassess the company's growth trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or partnerships in the quantum computing space.
2Insights into customer demand and market trends affecting Rigetti's business.
3Details on cost management strategies and their impact on gross margins.
4Any commentary on competitive pressures in the semiconductor industry.
5Future guidance on revenue expectations for the next quarter.

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Company Snapshot

Rigetti Computing, Inc. is a technology company focused on quantum computing, a field that has the potential to revolutionize various industries, including semiconductors....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its business and capture 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

Investors are cautiously optimistic about Rigetti's upcoming earnings, given its recent trend of beating EPS estimates. However, the lack of revenue guidance adds an element of uncertainty.

Bull Case

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a significant sell-off, especially given the high implied volatility in the options market.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected revenue growth for the upcoming quarter?

Revenue growth is critical for assessing the company's market position and future profitability, especially in a competitive sector like semiconductors.

What are the gross margins for the latest products?

Understanding gross margins will help investors gauge the efficiency of production and pricing strategies, which are vital for long-term success.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Rigetti's potential for revenue growth due to its unique positioning in the quantum computing space, which could drive demand beyond current expectations.

Supporting Evidence

Recent trends show that Rigetti has consistently beaten EPS estimates, indicating stronger underlying performance than anticipated.

The options market is pricing a significant move, suggesting that traders expect a substantial reaction, which could indicate confidence in the company's prospects.

Key Risk

If Rigetti reports revenue growth significantly above expectations, it could shift market sentiment dramatically.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate centers around whether Rigetti can sustain its momentum in a challenging semiconductor market while managing costs effectively.

Bull Confirmed If

Achieving revenue growth of at least 15% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

If revenue growth is flat or negative, it would support 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, 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 and raises guidance, history suggests a potential stock increase of around 4.16%, confirming strong demand for its products.

In-Line / Cautious

If results are in line with expectations but management offers cautious commentary, the stock may see a muted reaction, reflecting uncertainty.

Miss

Should Rigetti miss expectations, history suggests a potential decline of about 2.72%, as investors may reassess the company's growth trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or partnerships in the quantum computing space.
2Insights into customer demand and market trends affecting Rigetti's business.
3Details on cost management strategies and their impact on gross margins.
4Any commentary on competitive pressures in the semiconductor industry.
5Future guidance on revenue expectations for the next quarter.