Rigetti Computing S Stock Soars Amid Quantum Advances Msn

Bonisiwe Shabane

-Jan 2, 2026, 9:34 AM

rigetti computing s stock soars amid quantum advances msn

We are in the middle of the third-quarter 2025 earnings season and investor attention is turning toward four key pure-play quantum names — IonQ IONQ, D-Wave Quantum QBTS, Rigetti Computing RGTI and Quantum Computing... QUBT (also known as QCi) as their results are just around the corner. Over the past few quarters, these companies have delivered impressive top-line growth, even as bottom-line performance remains pressured, given all four are still in early-stage commercialization and continue to prioritize R&D investment. With that backdrop, investors are watching closely to see how Q3 shapes up and whether momentum in revenues, customer adoption and technological progress can offset concerns around sustained losses and cash burn. As stated earlier, in the recent quarters, a clear pattern has emerged across the four pure-play quantum computing firms. Revenue momentum is forming, yet profitability remains under significant pressure.

IonQ reported revenues of $7.6 million in the first quarter of 2025 and delivered a sharp acceleration to $20.7 million in the second quarter. However, quarterly losses widened materially as the company scaled system development and deployment capacity. D-Wave posted one of the strongest industry revenue lifts in early 2025, generating approximately $15 million in the first quarter, before normalizing to $3.1 million in the second quarter as contract timing shifted and... Rigetti’s revenues improved sequentially from $1.5 million in the first quarter to $1.8 million in the second quarter, yet losses continued to deepen due to increased R&D and engineering spending. Meanwhile, QCi remained in an early commercialization phase, recording $39,000 in first-quarter revenues and $61,000 in the second quarter, with operating expenses significantly outweighing top-line contribution. Collectively, these results highlight a consistent industry pattern-- building revenue pipelines and technical execution progress, but profitability remains distant amid heavy R&D and infrastructure investment.

Quantum computing stocks continue to be volatile heading into third-quarter earnings reports. The companies are still unprofitable for the most part as they aim to advance the technology. IonQ (IONQ) reports earnings after the market close on Wednesday. Meanwhile, D-Wave Quantum (QBTS) reports early on Nov. 6. Rigetti Computing (RGTI) reports on Nov.

10, with Quantum Computing (QUBT) due on Nov.… 12/29/2025 Quantum computing stocks are ending 2025 just like they started: on a roller coaster as investors mull profit taking versus... 12/29/2025 Quantum computing stocks are ending 2025 just like they started:... Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Get market updates, educational videos, webinars, and stock analysis. Quantum stocks are in focus as the Q3 earnings season rolls on. Here's a look at the reports from companies that have reported and estimates for one that is still ahead.

Rigetti Computing, Inc. (NASDAQ:RGTI) released its Q3 results on Monday after the closing bell. Rigetti reported quarterly losses of three cents per share, which beat the analyst estimate for losses of four cents. Read More: Kevin O’Leary Slams Trump’s $2,000 Tariff Rebate Checks: ‘Everyone Loves The Idea Of A Free Check’ Quarterly revenue came in at $1.94 million, missing the Street estimate of $2.17 million and down... Rigetti Computing (NASDAQ:RGTI) has emerged as a notable player in the quantum computing sector, with its stock price climbing 1500% in 2024 despite ongoing challenges with profitability. The company, which specializes in developing quantum computers and superconducting quantum processors, operates on a quantum-computing-as-a-service model.

Recent financial data reveals the current state of Rigetti’s operations. In the third quarter of 2024, the company generated total revenues of $2.4 million, while operating expenses reached $18.6 million, highlighting the substantial investment required in quantum computing development. December 2024 marked a milestone for Rigetti with the launch of its new 84-qubit Ankaa-3 quantum computer. This system represents a major hardware upgrade designed to enhance overall performance capabilities. The company has made progress in reducing error rates, achieving a median 99.0% iSWAP gate fidelity and 99.5% median fSim gate fidelity. Looking ahead to 2025, Rigetti has outlined ambitious development plans.

The company expects to release a cluster of four 9-qubit chips by mid-year, with the goal of surpassing 99.5% two-qubit fidelity. This level of accuracy would mean 995 out of 1000 operations being performed correctly. The quantum computing landscape has seen increased attention following Microsoft’s recent announcement of its Majorana 1 quantum chip. This development features a superconductor existing in a previously unknown state of matter, neither solid, liquid, nor gas. Quantum computing exploded onto the investment scene in late 2024, igniting a frenzy that propelled pure-play stocks to astronomical heights. Rigetti Computing (RGTI) emerged as one of the biggest beneficiaries, with shares rocketing over 800% in a single month amid breakthrough announcements and surging optimism.

Over the past three years, RGTI has delivered staggering gains of more than 3,200%, and at its peak, the stock was up over 8,200% from historic lows. Early investors have undeniably struck a rich motherlode, turning modest bets into life-changing wealth. Yet for those new to the quantum sector, the ride has been brutal. On Friday, RGTI tumbled almost 9% to close 61% below its October high of $58, erasing much of the year's explosive gains. This pullback mirrors broader pain across quantum stocks like IonQ (IONQ) and D-Wave (QBTS), which have also plunged sharply after similar booms and busts. With the entire sector reeling, investors need to ask: Is the hype surrounding quantum computing finally over – and is RGTI still a buy?

Quantum computing harnesses principles of quantum mechanics, using qubits that can exist in multiple states simultaneously (superposition) and become entangled. Unlike classical bits limited to 0 or 1, this enables quantum systems to explore vast solutions exponentially faster for certain problems. The potential is transformative: faster drug discovery by simulating molecules, optimized financial models, unbreakable encryption breakthroughs, and efficient logistics routing. Quantum could reshape industries from pharmaceuticals to materials science, unlocking solutions classical computers can't touch in reasonable time. Rigetti Computing announced a new $5.8 million deal today. It wasn't the only deal in the sector moving quantum computing stocks.

Rigetti Computing (NASDAQ: RGTI) stock soared Thursday morning after the company announced a new deal. The news sent Rigetti shares to an all-time high. Shares of the developer and builder of quantum computing systems were up by 14.1% near the session high, as of 11:53 a.m. ET. Rigetti announced today that it was awarded a new three-year contract worth $5.8 million. It wasn't the only deal in the quantum computing space that has the stock and its peers moving higher today.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Rigetti Computing has secured a three-year, $5.8 million contract from the U.S. Air Force Research Laboratory to collaborate with QphoX on developing superconducting quantum networking technologies. News of the contract led Rigetti’s stock to rise almost 17% on Thursday.

Rigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors th… Written with AI assistance, verified and edited by our team. Questions? Contact us.

Receive our weekly market insights and tech news roundup. You've reached the free limit. Upgrade to premium for unlimited access.

Rigetti Computing S Stock Soars Amid Quantum Advances Msn

People Also Search

We Are In The Middle Of The Third-quarter 2025 Earnings

IonQ Reported Revenues Of $7.6 Million In The First Quarter

Quantum Computing Stocks Continue To Be Volatile Heading Into Third-quarter

10, With Quantum Computing (QUBT) Due On Nov.… 12/29/2025 Quantum

Rigetti Computing, Inc. (NASDAQ:RGTI) Released Its Q3 Results On Monday