Rigetti Computing's Q2 2025 Earnings: What to Expect

In-Depth Analysis

### Background Rigetti Computing, founded in 2013, is a developer of full-stack quantum computing solutions. The company designs, manufactures, and deploys superconducting quantum processors and supporting software platforms.

### Financial Performance In Q1 2025, Rigetti reported revenues of $1.5 million, down from $3.1 million in the prior-year quarter. Operating expenses climbed to $22.1 million, resulting in an operating loss of $21.6 million. However, a net income of $42.6 million was recorded due to non-cash gains from derivative warrant and earn-out liability revaluations.

Analysts anticipate a loss per share to improve 30.6% YoY to $0.25 in fiscal 2025 and another 16% to $0.21 in fiscal 2026.

### Technological Milestones Rigetti's 36-qubit Ankaa-class system achieved a two-qubit gate fidelity of 99.5%. The company is targeting a 36-qubit processor by mid-2025 and surpassing 100 qubits by year-end, aiming for 99.5% to 99.7% two-qubit gate fidelity and gate speeds under 10 nanoseconds.

### Analyst Ratings Wall Street analysts are generally bullish on RGTI. The average price target is $16.33, with some analysts suggesting the stock could rally as much as 19%.

### How to Prepare - Monitor Rigetti's earnings release on August 12. - Pay attention to updates on quantum system scaling and partnership advancements. - Track revenue performance, operating expenses, and cash burn trends.

### Who This Affects Most - Investors in quantum computing technology. - Companies exploring quantum computing solutions. - Researchers and developers in the quantum computing field.

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FAQ

What is Rigetti Computing?

Rigetti Computing is a developer of full-stack quantum computing solutions, designing and manufacturing superconducting quantum processors and software platforms.

When will Rigetti release its Q2 2025 earnings report?

Rigetti is scheduled to release its Q2 2025 earnings after the market closes on August 12.

What are analysts' expectations for Rigetti's Q2 2025 earnings?

Analysts predict a narrower loss per share of $0.05 and revenue around $1.87 million.

What technical milestones has Rigetti achieved?

Rigetti's 36-qubit Ankaa-class system achieved a two-qubit gate fidelity of 99.5%.

Takeaways

Rigetti Computing is expected to show improved loss per share but declining revenue in its Q2 2025 earnings report.
The company's technological advancements, particularly in qubit fidelity, are key to its long-term growth.
Analyst ratings suggest optimism about Rigetti's potential in the quantum computing industry.
Keep an eye on the company's ability to convert technical milestones into revenue-generating contracts.

Discussion

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Sources

Dear Rigetti Computing Stock Fans, Mark Your Calendars for August 12 Rigetti Pre-Q2 Earnings Analysis: Buy, Sell or Hold the Stock? Rigetti Computing Earnings Might Be Make or Break for RGTI Stock, Unless You Use This Options Trade

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