Rigetti Computing (RGTI) Projected to Announce Earnings on Thursday

Rigetti Computing (NASDAQ:RGTI) is expected to be announcing its Q2 2026 results after the market closes on Thursday, August 6th. Analysts expect Rigetti Computing to post earnings of ($0.0460) per share and revenue of $5.0840 million for the quarter. Investors are encouraged to explore the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, August 6, 2026 at 5:00 PM ET.

Rigetti Computing (NASDAQ:RGTI) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Rigetti Computing had a negative net margin of 2,789.71% and a negative return on equity of 10.40%. The business had revenue of $4.40 million for the quarter, compared to analyst estimates of $4.09 million. During the same quarter last year, the business posted ($0.05) EPS. The firm’s revenue for the quarter was up 198.9% on a year-over-year basis. On average, analysts expect Rigetti Computing to post $-0 EPS for the current fiscal year and $-0 EPS for the next fiscal year.

Rigetti Computing Stock Up 8.4%

Shares of RGTI traded up $1.34 during midday trading on Tuesday, hitting $17.36. The company’s stock had a trading volume of 11,356,727 shares, compared to its average volume of 33,457,887. Rigetti Computing has a one year low of $12.53 and a one year high of $58.15. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of -19.97 and a beta of 1.95. The company’s fifty day simple moving average is $18.95 and its two-hundred day simple moving average is $18.24.

Insider Activity at Rigetti Computing

In related news, Director Ray O. Johnson sold 122,188 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $21.30, for a total transaction of $2,602,604.40. Following the transaction, the director directly owned 171,273 shares of the company’s stock, valued at $3,648,114.90. This represents a 41.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO David Rivas sold 499,328 shares of Rigetti Computing stock in a transaction on Friday, May 29th. The shares were sold at an average price of $25.40, for a total transaction of $12,682,931.20. Following the completion of the sale, the chief technology officer directly owned 325,945 shares of the company’s stock, valued at approximately $8,279,003. This trade represents a 60.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 728,901 shares of company stock worth $17,546,343 in the last quarter. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Rigetti Computing

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Rigetti Computing by 106.2% during the first quarter. Royal Bank of Canada now owns 220,701 shares of the company’s stock worth $1,748,000 after acquiring an additional 113,644 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Rigetti Computing by 138.9% in the first quarter. AQR Capital Management LLC now owns 81,047 shares of the company’s stock valued at $642,000 after purchasing an additional 47,115 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Rigetti Computing by 25.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,409 shares of the company’s stock valued at $890,000 after acquiring an additional 22,770 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Rigetti Computing by 197.8% during the 1st quarter. NewEdge Advisors LLC now owns 25,592 shares of the company’s stock worth $203,000 after acquiring an additional 16,998 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Rigetti Computing during the 1st quarter worth $3,115,000. Institutional investors own 35.38% of the company’s stock.

Analysts Set New Price Targets

RGTI has been the subject of several research analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $40.00 target price on shares of Rigetti Computing in a research note on Thursday, June 11th. Wedbush started coverage on Rigetti Computing in a research report on Monday. They issued an “outperform” rating and a $40.00 price target on the stock. Benchmark began coverage on Rigetti Computing in a research note on Monday, July 27th. They issued a “buy” rating and a $25.00 price target for the company. Weiss Ratings raised Rigetti Computing from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. Finally, Northland Securities started coverage on shares of Rigetti Computing in a research report on Monday, April 20th. They set a “market perform” rating and a $20.00 target price for the company. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Rigetti Computing Company Profile

Rigetti Computing is a pioneering quantum computing company that designs and manufactures superconducting quantum processors alongside a complementary software stack. Founded in 2013 by CEO Chad Rigetti, the company has developed end-to-end quantum systems—from cryogenic hardware to control electronics—to advance the performance and scalability of quantum machines.

At the core of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which enables developers and enterprises to access quantum processing units (QPUs) and hybrid quantum-classical workflows via the cloud.