Rigetti Computing reported a bigger-than-expected second quarter loss while revenue missed Wall Street consensus estimates. Financial results season is winding up for quantum computing stocks. Rigetti stock fell on the Q2 results.
Meanwhile, Quantum Computing reports Thursday. Rigetti reported Q2 earnings after the market close on Tuesday.
For the June quarter, Rigetti reported a 13 cent loss per share on an adjusted basis versus a 7-cent loss a year earlier. Revenue fell 41% to $1.8 million.
Further, Wall Street analysts had forecast a 5-cent loss on revenue of $1.9 million.
"We continue to achieve our ambitious roadmap goals, most recently by demonstrating the industry's largest multi-chip quantum computer with impressive performance," said Chief Executive Subodh Kulkarni, in a news release. "Our industry-leading proprietary chiplet approach to scaling and strong financial position makes us confident in hitting our end-of-year technology goals."
Meanwhile, Taiwan-based Quanta Computer in February agreed to invest $35 million in Rigetti through a stock purchase.
National Quantum Initiative Reauthorization Act
On the stock market today, Rigetti stock fell more than 2% to 15.73 in extended trading. Heading into the earnings report, Rigetti stock had retreated nearly 22% in 2025.
Quantum computing works on a subatomic level and uses exotic technologies, like supercold superconductor chips. Further, Quantum computing's ultimate benefit is that it aims to solve problems too complex for today's classical computers.
Meanwhile, quantum computing stocks have been volatile in 2025 amid controversy involving Nvidia over how soon commercially viable quantum technology will be available.
From a technical view, Rigetti stock holds a Composite Rating of 77 out of a best-possible 99, according to IBD Stock Checkup. IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.
Meanwhile, Rigetti stock holds an Accumulation/Distribution Rating of A. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading. (A+ signifies heavy institutional buying; E means heavy selling. Think of a C grade as neutral.)
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
