Rigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.
IPO Year:
Exchange: NASDAQ
Website: https://www.rigetti.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/20/2026 | $20.00 | Market Perform | Northland Capital |
| 2/12/2026 | Buy → Hold | TD Cowen | |
| 1/22/2026 | $35.00 | Neutral → Buy | B. Riley Securities |
| 1/15/2026 | $40.00 | Buy | Rosenblatt |
| 12/17/2025 | $35.00 | Outperform | Wedbush |
| 12/16/2025 | $30.00 | Hold | Jefferies |
| 12/11/2025 | $50.00 | Outperform | Mizuho |
| 11/3/2025 | $42.00 | Buy → Neutral | B. Riley Securities |
| 7/2/2025 | $15.00 | Overweight | Cantor Fitzgerald |
| 12/20/2024 | $12.00 | Buy | Craig Hallum |
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Northland Capital initiated coverage of Rigetti Computing with a rating of Market Perform and set a new price target of $20.00
TD Cowen downgraded Rigetti Computing from Buy to Hold
B. Riley Securities upgraded Rigetti Computing from Neutral to Buy and set a new price target of $35.00
Rosenblatt initiated coverage of Rigetti Computing with a rating of Buy and set a new price target of $40.00
Wedbush initiated coverage of Rigetti Computing with a rating of Outperform and set a new price target of $35.00
Jefferies initiated coverage of Rigetti Computing with a rating of Hold and set a new price target of $30.00
Mizuho initiated coverage of Rigetti Computing with a rating of Outperform and set a new price target of $50.00
B. Riley Securities downgraded Rigetti Computing from Buy to Neutral and set a new price target of $42.00
Cantor Fitzgerald initiated coverage of Rigetti Computing with a rating of Overweight and set a new price target of $15.00
Craig Hallum initiated coverage of Rigetti Computing with a rating of Buy and set a new price target of $12.00
144 - Rigetti Computing, Inc. (0001838359) (Subject)
144 - Rigetti Computing, Inc. (0001838359) (Subject)
144 - Rigetti Computing, Inc. (0001838359) (Subject)
144 - Rigetti Computing, Inc. (0001838359) (Subject)
144 - Rigetti Computing, Inc. (0001838359) (Subject)
8-K - Rigetti Computing, Inc. (0001838359) (Filer)
SD - Rigetti Computing, Inc. (0001838359) (Filer)
S-8 - Rigetti Computing, Inc. (0001838359) (Filer)
10-Q - Rigetti Computing, Inc. (0001838359) (Filer)
8-K - Rigetti Computing, Inc. (0001838359) (Filer)
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4 - Rigetti Computing, Inc. (0001838359) (Issuer)
4 - Rigetti Computing, Inc. (0001838359) (Issuer)
4 - Rigetti Computing, Inc. (0001838359) (Issuer)
4 - Rigetti Computing, Inc. (0001838359) (Issuer)
4 - Rigetti Computing, Inc. (0001838359) (Issuer)
4 - Rigetti Computing, Inc. (0001838359) (Issuer)
4 - Rigetti Computing, Inc. (0001838359) (Issuer)
4 - Rigetti Computing, Inc. (0001838359) (Issuer)
4 - Rigetti Computing, Inc. (0001838359) (Issuer)
4 - Rigetti Computing, Inc. (0001838359) (Issuer)
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Issued on behalf of QSE — Quantum Secure Encryption Corp.With NIST FIPS 203, 204, and 205 finalized and CNSA 2.0 mandating quantum-safe algorithms for new national security systems in January 2027, the bottleneck on enterprise post-quantum migration has shifted from algorithm choice to operational execution — and QSE's QPA v2 platform just landed.VANCOUVER, BC, May 28, 2026 /CNW/ -- American News Group News Commentary — The post-quantum cryptography conversation is no longer theoretical. In August 2024, the National Institute of Standards and Technology finalized the first three post-quantum cryptography standards — FIPS 203, 204, and 205 — after an eight-year global evaluation process.
BERKELEY, Calif., May 21, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, today announced that it has signed a letter of intent ("LOI") with the U.S. Department of Commerce (the "Department") for an award of up to $100 million in funding over three years to accelerate superconducting quantum computing R&D. The funding is allocated under the CHIPS Research and Development Office Broad Agency Announcement pursuant to the CHIPS Act to grow U.S. leadership in emerging technologies, including quantum computing. The LOI contemplates that the Department will receive an equity stake in Rigetti consis
BERKELEY, Calif., May 14, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing, today announced that CEO Dr. Subodh Kulkarni will participate in a fireside chat at the Canaccord Genuity Virtual Quantum Symposium on Thursday, May 21, 2026. Information for the event is as follows: Webcast registration link: https://wsw.com/webcast/canaccord119/rgti/2532390 Presentation date: Thursday, May 21, 2026 Time: 12:00 PM ET Investors can view a live webcast of the event by visiting the "Events" section of Rigetti's Investor Relations website at https://investors.rigetti.com/news-events/events. A rep
Issued on behalf of QSE — Quantum Secure Encryption Corp. Quantum Secure Encryption Corp. launches QPA v2 — an enterprise post-quantum cryptographic migration platform — as NIST standards, regulatory deadlines, and government guidance converge through 2030 VANCOUVER, British Columbia, May 14, 2026 (GLOBE NEWSWIRE) -- American News Group News Commentary — The post-quantum cryptography conversation moved from theoretical to operational in 2026. The National Institute of Standards and Technology finalized the first three post-quantum cryptography standards — FIPS 203, 204, and 205 — in August 2024 after an eight-year global evaluation process. The NSA's CNSA 2.0 framework, scheduled to take
BERKELEY, Calif., May 11, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, today announced financial results for the first quarter ended March 31, 2026 and provided an update on recent business and technology milestones. First Quarter 2026 Financial Highlights Total revenues for the three months ended March 31, 2026 were $4.4 millionOperating loss for the three months ended March 31, 2026 was $26.0 millionFor the three months ended March 31, 2026: GAAP net income $33.1 million; non-GAAP net loss $14.7 millionFor the three months ended March 31, 2026: GAAP diluted net loss per share $(0.06); n
First-to-Market Strategy on Recent Listing of Canada's Photonic Quantum Computing ChampionNEW YORK, May 7, 2026 /PRNewswire/ -- Tradr ETFs, a provider of ETFs designed for sophisticated investors and professional traders, is pleased to announce the launch of the Tradr 2X Long XNDU Daily ETF (Cboe: XNDX). The fund is a first-to-market single stock leveraged ETF and seeks to deliver two times long (200%) the daily performance of Xanadu Quantum Technologies (NASDAQ:XNDU). "Xanadu's recent public listing is a testament to strong investor appetite for cutting-edge technology narrativ
BERKELEY, Calif., May 05, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing, today announced that CEO Dr. Subodh Kulkarni and CFO Jeff Bertelsen will host one-on-one meetings, and that Dr. Kulkarni will participate in a fireside chat at the 21st Annual Needham Technology, Media, & Consumer Conference on Wednesday, May 13, 2026. Information for the event is as follows: Webcast registration link: https://event.summitcast.com/view/aZxVFEntdXZooQDEsVxUoT/h2oENPxwUnC3M9VFutZyyb Presentation date: Wednesday, May 13, 2026 Time: 8:45 AM ET Investors can view a live webcast of the event by visiting the "
BERKELEY, Calif., April 27, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release first quarter 2026 results on Monday, May 11, 2026, after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 pm ET the same day. Key details regarding the call are as follows: Call Date: Monday, May 11, 2026Call Time: 5:00 pm ET / 2:00 pm PTWebcast Link: https://edge.media-server.com/mmc/p/9vx4c96dLive Call Participant Link: https://register-conf.media-server.com/register/BIdbc06bbc0efb4b84b06
BERKELEY, Calif., April 07, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, today announced the general availability of its 108-qubit quantum computing system, Cepheus™-1-108Q, now accessible to customers and partners via the Rigetti Quantum Cloud Services (QCS®) Platform and through Amazon Braket, the quantum computing service by AWS. Cepheus-1-108Q is Rigetti's highest qubit-count system to date and the industry's largest modular quantum computing system, based on Rigetti's proprietary chiplet-based architecture. The system comprises twelve interconnected 9-qubit chiplets, tripling the numb
BERKELEY, Calif., March 31, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, today announced that it has sold a 9-qubit Novera™ QPU to the University of Saskatchewan ("USask"). The Novera QPU, which was shipped in March, will be at the core of USask's first quantum computing system. The system will be managed by USask's Centre for Quantum Topology and its Applications ("quanTA"), an interdisciplinary institute devoted to advancing quantum science and quantum technology development. "By providing hands-on access to real quantum computing hardware, academic institutions like USask are enabling s
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BERKELEY, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or "the Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing systems, today announced the Company is set to join the Russell 3000® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1st, according to a preliminary list of additions posted Friday, May 24th. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means
LONDON, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, today announced that it was awarded an Innovate UK grant as part of the Feasibility Studies in Quantum Computing Applications competition. Joining Rigetti in this work is HSBC, the Quantum Software Lab (QSL) based at the University of Edinburgh, and the National Quantum Computing Centre (NQCC). Together, the consortium aims to enhance existing anti-money laundering techniques by using quantum machine learning techniques with the goal of improving the performance of current-state-of
BERKELEY, Calif., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, today announced that it has appointed Thomas J. Iannotti as Chairman of the Board of Directors, effective immediately. Mr. Iannotti succeeds Cathy McCarthy in the role of Chair, with Ms. McCarthy continuing to serve as a member of the Board of Directors. Mr. Iannotti currently serves as Chairman of the Board of Directors at Applied Materials, Inc., a role which he has held since 2017. Mr. Iannotti joins Rigetti with extensive leadership experience in the technology and computing industries, most recently serving as Se
Provides Updated Technology Roadmap;Appoints Jeffrey Bertelsen as CFO and Promotes David Rivas to CTO;Implements Workforce Reduction BERKELEY, Calif., Feb. 10, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or "the Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing systems, today announced that its Board has approved an updated business strategy, including revisions to its technology roadmap. In connection with this updated strategy, the Company will transition to a newly appointed CFO and CTO and is implementing a workforce reduction in order to focus the organization and its resources on nearer-term strategic priorities. "Upon assuming my role as
BERKELEY, Calif., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or "the Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing systems, today announced that Dr. Subodh Kulkarni will join the Company as President and Chief Executive Officer, effective December 12, 2022. Dr. Kulkarni succeeds Dr. Chad Rigetti in the CEO role, and the Company expects that Dr. Kulkarni will be appointed to its board of directors following Dr. Rigetti's previously announced departure from the Company's board of directors on December 15, 2022. Following the appointment of Dr. Kulkarni, Mr. Rick Danis, who held the interim CEO role during the transition period, will resume
BERKELEY, Calif., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing, announced today that the Company's Founder, Dr. Chad Rigetti, has provided to the Company his intention to tender resignation from his positions as the Company's President, Chief Executive Officer and Director on the Company's Board of Directors, with an anticipated effective date of December 15, 2022. As previously announced, the Company is conducting a search for Dr. Rigetti's successor. In the event the Company is unable to identify and appoint a successor before Dr. Rigetti's resignation date, it is anticipated that
BERKELEY, Calif., Oct. 31, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing, today announced that the Company's Founder, Dr. Chad Rigetti, will be transitioning from his position as President and Chief Executive Officer to focus on advancing the Company's products and technology. As part of this next phase of growth, the Company will conduct a CEO search for Dr. Rigetti's successor, and Dr. Rigetti will continue to serve in his current role until a successor is identified and assumes the position. "Chad is a pioneer in the development and commercialization of quantum computers. His vision and leade
BERKELEY, Calif., April 19, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or "the Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing systems, today announced that Taryn Naidu, who had served as Chief Operating Officer, is no longer with the Company. Mr. Naidu's departure is not related to any matter regarding the Company's financial condition, reported financial results, internal controls or disclosure controls and procedures. The Company recently has made several key hires, deepening its expertise and leadership in finance, go-to-market, operations, security, and talent management, and does not have immediate plans to name a replacement Chief Operating
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BERKELEY, Calif., May 11, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, today announced financial results for the first quarter ended March 31, 2026 and provided an update on recent business and technology milestones. First Quarter 2026 Financial Highlights Total revenues for the three months ended March 31, 2026 were $4.4 millionOperating loss for the three months ended March 31, 2026 was $26.0 millionFor the three months ended March 31, 2026: GAAP net income $33.1 million; non-GAAP net loss $14.7 millionFor the three months ended March 31, 2026: GAAP diluted net loss per share $(0.06); n
BERKELEY, Calif., April 27, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release first quarter 2026 results on Monday, May 11, 2026, after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 pm ET the same day. Key details regarding the call are as follows: Call Date: Monday, May 11, 2026Call Time: 5:00 pm ET / 2:00 pm PTWebcast Link: https://edge.media-server.com/mmc/p/9vx4c96dLive Call Participant Link: https://register-conf.media-server.com/register/BIdbc06bbc0efb4b84b06
BERKELEY, Calif., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release fourth quarter and full-year 2025 results on March 4, 2026, after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 pm ET the same day. Key details regarding the call are as follows: Call Date: Wednesday, March 4, 2026Call Time: 5:00 pm ET / 2:00 pm PTWebcast Link: https://edge.media-server.com/mmc/p/zsus5n72Live Call Participant Link: https://register-conf.media-server.com/register/BIcb4c3e2d
Advanced computing power positions companies to unlock cost savings across global energy, transportation, and logistics networksNEW YORK, Feb. 17, 2026 /CNW/ -- Market News Updates News Commentary - Quantum speed is all about solving really big problems much faster than traditional computers. For large-scale infrastructure -- think power grids, transportation systems, or supply chains -- there are millions of data points and interconnected moving parts. Classical computers can tackle this complexity, but it often takes a long time. Quantum-powered systems, by contrast, can evaluate many possibilities at once, helping planners and operators find smarter solutions in a fraction of the time. Th
NEW YORK, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Market News Updates News Commentary - Quantum computing is moving from the lab into real-world military use, and defense organizations are paying close attention. Unlike traditional computing, quantum systems can process extraordinarily complex variables at once, which is highly relevant for modern military operations. Applications range from faster mission planning and logistics optimization to next-generation secure communications and advanced sensing. For defense leaders, the appeal is straightforward: quantum technologies have the potential to deliver faster decisions, stronger security, and operational advantages in environments where speed
Military demand for faster, software-defined capabilities drives adoption of next-generation platforms Market News Updates News Commentary NEW YORK, Jan. 7, 2026 /PRNewswire/ -- QuantumSpeed technology represents a compelling investment opportunity tied directly to the modernization of global defense infrastructure and the premium placed on speed-driven decision advantage, leading to opportunity for active companies such as VisionWave Holdings Inc. (NASDAQ:VWAV), D-Wave Quantum Inc. (NYSE:QBTS), Rigetti Computing, Inc. (NASDAQ:RGTI), IonQ (NYSE:IONQ), Quantum Computing Inc. (NASDAQ:QUBT). Defense operations are rapidly shifting toward real-time, data-intensive environments where millisecon
BERKELEY, Calif., Nov. 10, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, today announced its financial results for the third quarter ended September 30, 2025. Third Quarter 2025 and Recent Financial Highlights Total revenues for the three months ended September 30, 2025 were $1.9 millionOperating loss for the three months ended September 30 was $20.5 millionFor the three months ended September 30, 2025: GAAP net loss $201.0 million; non-GAAP net loss $10.7 millionFor the three months ended September 30, 2025: GAAP net loss per share $(0.62); non-GAAP net loss per share $(0.03)As of Septemb
BERKELEY, Calif., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release third quarter 2025 results on November 10, 2025 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations on November 11, 2025 at 8:30 am ET. Key details regarding the call are as follows: Call Date: Tuesday, November 11, 2025Call Time: 8:30 am ET / 5:30 am PTWebcast Link: https://edge.media-server.com/mmc/p/8so362do/ Live Call Participant Link: https://register-conf.media-server.com/register/BI9d07be37
BERKELEY, Calif., July 22, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release second quarter 2025 results on August 12, 2025 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day. Key details regarding the call are as follows: Call Date: Tuesday, August 12, 2025Call Time: 5:00 p.m. ET / 2:00 p.m. PTWebcast Link: https://edge.media-server.com/mmc/p/8kvnrhub Live Call Participant Link: https://register-conf.media-server.com/register/BIf27dc41c4e0f41
BERKELEY, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, today announced its financial results for the first quarter ended March 31, 2025. First Quarter 2025 and Recent Financial Highlights Total revenues for the three months ended March 31, 2025 were $1.5 millionTotal operating expenses for the three months ended March 31, 2025 were $22.1 millionOperating loss for the three months ended March 31, 2025 was $21.6 millionNet income for the three months ended March 31, 2025 was $42.6 millionNet income for the three months ended March 31, 2025 includes $62.1 million of non-cash
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