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Rigetti Shares Down 15 Post Q1 Earnings Time To Buy Hold Or Nasdaq

Bonisiwe Shabane
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rigetti shares down 15 post q1 earnings time to buy hold or nasdaq

Written by Zacks Equity Research for Zacks-> Rigetti Computing RGTI shares have plunged 15% following the company’s first-quarter 2025 earnings release on May 12. In the first quarter, RGTI reported an adjusted loss per share of 8 cents, along with a sharp decline in revenues of more than 50% year over year. RGTI’s earnings and revenues for the reported quarter missed the Zacks Consensus Estimates by 60% and 40.2%, respectively. Rigetti’s first-quarter 2025 results raised concerns as revenue fell sharply to $1.5 million, largely due to the timing of milestone-based contracts. Operating expenses also rose to $22.1 million, driven by higher compensation and tax-related costs, highlighting ongoing challenges in scaling operations efficiently.

While these figures signal short-term pressures, the company’s robust cash position of $237.7 million offers a solid financial cushion. More encouragingly, strategic wins, including a $5.5 million U.S. Air Force grant and securing an investment of $35 million from Taiwan’s Quanta Computer, underscore growing institutional confidence in Rigetti’s quantum capabilities. Rigetti’s shares have underperformed the Zacks Computer & Technology sector and its industry peers, which include IonQ Inc. IONQ, D-Wave Quantum Inc. QBTS and Atlassian TEAM, in the year-to-date period.

The RGTI stock has tumbled 35.4% in the year-to-date period. Shares of IONQ and TEAM have plunged 20.5% and 5.7%, respectively. QBTS shares have gained 27.7% during the same period. The broader sector has declined 4.5% over the same timeframe. Get earnings reminders, our top analysis on Rigetti Computing, market updates, and brand-new stock recommendations delivered directly to your inbox. RGTI is still down 10.25% after earnings.

Management reiterated confidence in achieving 36-qubit systems by mid-2025 and >100 qubits by year-end using chiplet architecture, with ongoing focus on improving gate speed and fidelity; commercial sales remain limited as the industry is... What likely spooked investors: revenue of just $1.5 million, well below the Street’s $2.6 million estimate and nearly 50% lower year-over-year. While Rigetti cited milestone-driven contracts as the reason for “lumpiness” in its revenue recognition, this marks the second straight quarter where execution lagged market forecasts. The company did post $42.6 million in net income, but that figure included $62.1 million in non-cash gains from derivative warrant revaluation—not operating upside. Rigetti Computing, Inc. (NASDAQ:RGTI) released its first-quarter results after Monday's closing bell.

Here's a look at the details of the report. The Details: Rigetti reported quarterly earnings of 13 cents per share, which beat the analyst consensus estimate of losses of six cents. Quarterly revenue came in at $1.47 million, which missed the analyst consensus estimate of $2.55 million and is down from revenue of $3.05 million from the same period last year. Read Next: Tesla Robotaxi Hopes Dashed By Uber, Lyft: No Fast Lane To Profits, Warns Investor Gary Black “Rigetti is proud to be awarded important government-funded projects in the U.S. and U.K.

to advance our technology, which demonstrates our continued leadership in superconducting quantum computing,” says Rigetti CEO Dr. Subodh Kulkarni. “We also are making great strides in developing innovative approaches to scaling to higher qubit count systems, which is possible due to our open and modular system architecture, in-house full-stack expertise, and world-class partners,”... Rigetti Computing RGTI shares have plunged 15% following the company’s first-quarter 2025 earnings release on May 12. In the first quarter, RGTI reported an adjusted loss per share of 8 cents, along with a sharp decline in revenues of more than 50% year over year. RGTI’s earnings and revenues for the reported quarter missed the Zacks Consensus Estimates by 60% and 40.2%, respectively.

Rigetti’s first-quarter 2025 results raised concerns as revenue fell sharply to $1.5 million, largely due to the timing of milestone-based contracts. Operating expenses also rose to $22.1 million, driven by higher compensation and tax-related costs, highlighting ongoing challenges in scaling operations efficiently. While these figures signal short-term pressures, the company’s robust cash position of $237.7 million offers a solid financial cushion. More encouragingly, strategic wins, including a $5.5 million U.S. Air Force grant and securing an investment of $35 million from Taiwan’s Quanta Computer, underscore growing institutional confidence in Rigetti’s quantum capabilities. Rigetti’s shares have underperformed the Zacks Computer & Technology sector and its industry peers, which include IonQ Inc.

IONQ, D-Wave Quantum Inc. QBTS and Atlassian TEAM, in the year-to-date period. The RGTI stock has tumbled 35.4% in the year-to-date period. Shares of IONQ and TEAM have plunged 20.5% and 5.7%, respectively. QBTS shares have gained 27.7% during the same period. The broader sector has declined 4.5% over the same timeframe.

RGTI has also underperformed the Zacks Internet - Software industry, which has improved 5% in the year-to-date period. TEAM Quick QuoteTEAM IONQ Quick QuoteIONQ RGTI Quick QuoteRGTI QBTS Quick QuoteQBTS Rigetti Computing (RGTI Quick QuoteRGTI - Free Report) shares have plunged 15% following the company’s first-quarter 2025 earnings release on May 12. In the first quarter, RGTI reported an adjusted loss per share of 8 cents, along with a sharp decline in revenues of more than 50% year over year. RGTI’s earnings and revenues for the reported quarter missed the Zacks Consensus Estimates by 60% and 40.2%, respectively. Rigetti’s first-quarter 2025 results raised concerns as revenue fell sharply to $1.5 million, largely due to the timing of milestone-based contracts.

Operating expenses also rose to $22.1 million, driven by higher compensation and tax-related costs, highlighting ongoing challenges in scaling operations efficiently. While these figures signal short-term pressures, the company’s robust cash position of $237.7 million offers a solid financial cushion. More encouragingly, strategic wins, including a $5.5 million U.S. Air Force grant and securing an investment of $35 million from Taiwan’s Quanta Computer, underscore growing institutional confidence in Rigetti’s quantum capabilities. Rigetti’s shares have underperformed the Zacks Computer & Technology sector and its industry peers, which include IonQ Inc. (IONQ Quick QuoteIONQ - Free Report) , D-Wave Quantum Inc.

(QBTS Quick QuoteQBTS - Free Report) and Atlassian (TEAM Quick QuoteTEAM - Free Report) , in the year-to-date period. The RGTI stock has tumbled 35.4% in the year-to-date period. Shares of IONQ and TEAM have plunged 20.5% and 5.7%, respectively. QBTS shares have gained 27.7% during the same period. The broader sector has declined 4.5% over the same timeframe. Rigetti Computing, Inc.

(NASDAQ:RGTI - Get Free Report) shares fell 8.7% during trading on Friday . The company traded as low as $22.33 and last traded at $22.38. 28,050,431 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 69,919,023 shares. The stock had previously closed at $24.51. RGTI has been the subject of several analyst reports. Williams Trading set a $40.00 price objective on shares of Rigetti Computing in a research note on Tuesday, November 11th.

Wedbush initiated coverage on shares of Rigetti Computing in a research report on Wednesday, December 17th. They set an "outperform" rating and a $35.00 price target on the stock. B. Riley lowered their price objective on shares of Rigetti Computing from $42.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday, November 12th. Benchmark reduced their target price on Rigetti Computing from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday, November 11th. Finally, Alliance Global Partners reissued a "buy" rating on shares of Rigetti Computing in a report on Tuesday, November 11th.

Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Rigetti Computing presently has an average rating of "Moderate Buy" and an average target price of $31.22. View Our Latest Stock Analysis on Rigetti Computing The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of -17.22 and a beta of 1.68. The firm's 50-day moving average is $30.14 and its 200 day moving average is $23.49. Rigetti Computing (NASDAQ:RGTI - Get Free Report) last issued its quarterly earnings results on Monday, November 10th.

The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.02. The company had revenue of $1.95 million for the quarter, compared to analyst estimates of $2.17 million. Rigetti Computing had a negative net margin of 4,741.49% and a negative return on equity of 21.98%. The business's revenue for the quarter was down 18.1% on a year-over-year basis. Analysts predict that Rigetti Computing, Inc. will post -0.34 EPS for the current year.

AMZN Quick QuoteAMZN MSFT Quick QuoteMSFT NVDA Quick QuoteNVDA RGTI Quick QuoteRGTI Rigetti Computing (RGTI Quick QuoteRGTI - Free Report) is set to report first-quarter 2025 results on May 12.The Zacks Consensus Estimate for first-quarter revenues is currently pegged at $2.46 million, indicating a decline of... The consensus mark for earnings is currently pegged at a loss of 5 cents per share, unchanged over the past 30 days. The company reported a loss of 14 cents in the year-ago quarter.RGTI earnings beat the Zacks Consensus Estimate once in the past four quarters while matching the same on two occasions and missing on... Rigetti Computing, Inc. price-eps-surprise | Rigetti Computing, Inc.

Quote Let’s see how things have shaped up prior to this announcement. RGTI’s focus on developing high-fidelity Quantum Processor Units and expanding its market presence through partnerships and new customer acquisitions, particularly in government and international markets, is expected to have driven growth in the to-be-reported... With both companies investing more than $100 million, this partnership could lead to enhanced development and commercialization of superconducting quantum systems.The launch of Rigetti’s 84-qubit Ankaa-3 quantum computer, which has improved performance, is likely... The availability of this system through major cloud platforms, such as Microsoft (MSFT Quick QuoteMSFT - Free Report) Azure and Amazon (AMZN Quick QuoteAMZN - Free Report) Braket, could further expand its reach. The system will allow users to leverage Amazon and Microsoft platforms for quantum computing innovation.The integration of AI-driven calibration tools is expected to have improved the efficiency and performance of Rigetti’s quantum systems in...

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Management reiterated confidence in achieving 36-qubit systems by mid-2025 and >100 qubits by year-end using chiplet architecture, with ongoing focus on improving gate speed and fidelity; commercial sales remain limited as the industry is... What likely spooked investors: revenue of just $1.5 million, well below the Street’s $2.6 million estimate and nearly 50% lower year-over-year. While Rigetti ...

Here's A Look At The Details Of The Report. The

Here's a look at the details of the report. The Details: Rigetti reported quarterly earnings of 13 cents per share, which beat the analyst consensus estimate of losses of six cents. Quarterly revenue came in at $1.47 million, which missed the analyst consensus estimate of $2.55 million and is down from revenue of $3.05 million from the same period last year. Read Next: Tesla Robotaxi Hopes Dashed ...