Rigetti Computing Reports Second Quarter 2026 Financial Results
Rigetti Computing reported Q2 2026 revenue of $5.1 million, more than doubling the prior year period, backed by a strong cash position of $541.3 million and no debt. The company announced significant strategic progress, including a letter of intent with the U.S. Department of Commerce for up to $100 million in potential funding under the CHIPS Act and an expanded collaboration with HPE.
Key figures
- Revenue
- 5100000
- Guidance
- Target path toward ~1,000 qubits, ~99.9% two-qubit gate fidelity, and gate speeds <50ns over ~3 years.
- Revenue Yoy
- 185.2%
- Cash and equivalents
- 541300000
- Potential investment uk
- 100000000
- Potential funding commerce
- 100000000
AI analysis
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