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7 stories mentioning RGTIUpdated 1d ago

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Wire

Rigetti Computing Q2 Shows Commercial Mix Inflection on Novera Shipments, Wedbush Says

Rigetti Computing (RGTI) reported solid Q2 results, driven by Novera shipments and a shift toward a more commercial revenue mix, while coherence remains the key technical hurdle, Wedbush Securities said in a note Friday.The analysts said Novera carried the quarter, with system and component sales contributing $4.1 million of the $5.1 million in revenue, compared with no contribution a year ago. Research and services revenue declined to $1 million from $1.7 million.Government revenue fell to 18% of sales from 92% a year ago, while US revenue increased to 80% of total sales. Both nine-qubit systems delivered this year went to commercial buyers, the analysts said, adding, "we have been waiting on RGTI booking commercial revenues, and sales arrived faster than we had previously modeled."The analysts said Q4 is expected to be a key driver of full-year revenue growth, with the company expecting to recognize revenue from its $8.4 million C-DAC 108-qubit system upon installation and acceptance.Wedbush Securities cut its price target on Rigetti Computing to $37 from $40 while reiterating its outperform rating.Price: $17.13, Change: $+0.60, Percent Change: +3.63%

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Wire

Wedbush Adjusts PT on Rigetti Computing to $37 From $40, Maintains Outperform Rating

Rigetti Computing (RGTI) has an average rating of overweight and mean price target of $29.82, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $17.16, Change: $+0.63, Percent Change: +3.81%

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Wire

Rigetti Teaming Up With HPE, Pittsburgh Supercomputing Center to Build Supercomputer

Rigetti Computing (RGTI) said Monday it will team up with Hewlett Packard Enterprise (HPE) and Pittsburgh Supercomputing Center to build the TangleLab supercomputing testbed.The project is being funded by a $5 million grant from the National Science Foundation and will have a supercomputer with Rigetti's Novera quantum computing system combined with a classical high-performance computing system, the company said.Construction of TangleLab is expected to start on Sept. 1 and full operations are expected next year, Rigetti said.Rigetti shares were up 12% in morning trading.Price: $15.83, Change: $+1.68, Percent Change: +11.90%

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Insider Trading

Rigetti Computing Insider Sold Shares Worth $2,602,841, According to a Recent SEC Filing

Ray O Johnson, Director, on June 08, 2026, sold 122,188 shares in Rigetti Computing (RGTI) for $2,602,841. Following the Form 4 filing with the SEC, Johnson has control over a total of 171,273 common shares of the company, with 171,273 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1838359/000112329226000852/xslF345X05/form4.xml

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Insider Trading

Rigetti Computing Insider Sold Shares Worth $12,680,934, According to a Recent SEC Filing

David Rivas, CTO, on May 29, 2026, sold 499,328 shares in Rigetti Computing (RGTI) for $12,680,934. Following the Form 4 filing with the SEC, Rivas has control over a total of 325,945 common shares of the company, with 325,945 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1838359/000112329226000777/xslF345X05/form4.xml

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Wire

Rigetti Computing's Cepheus-108Q Launch Viewed as Major Milestone, Wedbush Says,

Rigetti Computing's (RGTI) launch of its Cepheus-108Q system on major cloud platforms last month represents an important product and commercial milestone for the company, Wedbush Securities said Tuesday in a report.Rigetti's progress on its chiplet-based architecture provides a credible and scalable path toward building higher-qubit superconducting systems, the report said.Wedbush cited the company's plan to invest up to $100 million in the UK over the coming years as a meaningful step toward establishing a second major operating base.Wedbush reiterated its outperform rating on Rigetti stock and its $40 price target.Price: $18.89, Change: $-1.62, Percent Change: -7.90%

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Wire

Rigetti Computing's QCaaS Agreements and System Sales to be 'Lumpy' Near Term, Wedbush Says

Rigetti Computing's (RGTI) quantum computing as a service agreements and system sales are expected to continue to be "lumpy" over the near-term, Wedbush analysts said in a Thursday note.Analysts expect Rigetti's Q1 sales to increase from a year earlier as the company recognizes a portion of its Novera sales, with Q2 expected to benefit as the remaining revenue from the deal are booked this quarter.The company is scheduled to report its Q1 financial results on May 11.Analysts said that Rigetti's sales in the second half of the year are expected to see a boost from the C-DAC order announced in January.Wedbush said the company is expected to provide additional updates, particularly on the trajectory toward 99.5%+ Q2 fidelity as the company continues to refine the system.Analysts have an outperform rating and $40 price target on the stock.Price: $19.15, Change: $-0.94, Percent Change: -4.68%

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