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Rigetti Stock Slides After Mixed Q3 Earnings Eps Beat Benzinga

Bonisiwe Shabane
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rigetti stock slides after mixed q3 earnings eps beat benzinga

Rigetti Computing Inc. (NASDAQ:RGTI) shares fell after the company released a mixed third-quarter earnings report after Monday's closing bell. Here's a look at the details in the report. The Details: Rigetti Computing reported quarterly losses of three cents per share, which beat the analyst estimate for losses of four cents. Quarterly revenue came in at $1.94 million, which missed the Street estimate of $2.17 million and was down from revenue of $2.37 million the same period last year. Read Next: Top Stocks With Earnings This Week: Plug, Oklo, Circle And More

Rigetti Computing reported its third quarter 2025 financial results, showing mixed performance. While the company posted an adjusted loss that was smaller than expected, its revenue did not meet analyst estimates.Following the release, Rigetti's stock price dropped, with shares down 4.6% in after-hours trading. The company is a well-known player in the quantum computing sector.Rigetti also provided updates on its technology roadmap, outlining plans for new advancements in 2026 and 2027. The stock price declined because the company's revenue for the third quarter was lower than what analysts expected, even though its adjusted loss was better than anticipated. It means the company performed better than expected in some areas, like reporting a smaller loss, but worse in others, such as missing revenue forecasts. Rigetti Computing focuses on developing quantum-classical computing technology.

Yes, the company shared updates on its technology roadmap, with new advancements planned for 2026 and 2027. Rigetti stock (NASDAQ: RGTI) plunged over 8% on Tuesday following the company’s mixed Q3 earnings report, which delivered an earnings surprise despite missing on revenue. The quantum computing specialist beat expectations on losses, posting a non-GAAP net loss of $0.03 per share versus the consensus estimate of $0.05. Meanwhile, the company announced a flurry of partnership wins and government contracts that suggest momentum is building in the commercial quantum space, even as skeptics question whether valuations have gotten ahead of fundamentals in... Here’s what really moved the needle for investors: Rigetti delivered an earnings surprise of 40% on the adjusted metric that Wall Street actually cares about. The company came in 40% better than expected on non-GAAP EPS, cutting its per-share loss from the feared $0.05 to a leaner $0.03.​

Rigetti Q3 results show revenue below estimates and a narrow non-GAAP EPS beat; cash from warrant exercises and new orders shape near-term liquidity. Add your email to receive our free daily newsletter. No spam, unsubscribe anytime. Rigetti Computing reported mixed third-quarter 2025 results on Nov. 10, 2025, with revenue falling short of estimates while non-GAAP earnings narrowly beat forecasts. The company also disclosed new commercial orders, a government contract, and an updated quantum technology roadmap.

Rigetti posted third-quarter revenue of $1.9 million, below the consensus estimate of $2.17 million. The quarter reflected ongoing investment in product development and research and development, with an operating loss of $20.5 million. GAAP net loss reached $201.0 million, while the non-GAAP net loss was $10.7 million. Per-share figures included a GAAP loss of $0.62 and a non-GAAP loss of $0.03, slightly better than the forecast range of $0.04 to $0.05. At September 30, 2025, the company held $558.9 million in cash, cash equivalents, and available-for-sale investments. This amount rose to roughly $600 million by November 6 after $46.5 million in warrant exercises.

The company did not provide explicit full-year financial guidance in the quarter’s release. Shares of Rigetti Computing Inc. (NASDAQ:RGTI) fell on Thursday — extending their recent slide — after the quantum computing company reported third-quarter results that paired narrower losses with a decline in revenue. The company also reiterated its long-term plan to scale its hardware, maintaining a focus on performance milestones rather than immediate revenue growth. Market Reaction And Revenue TrendsRigetti reported a quarterly loss of three cents per share, topping expectations for a deeper loss. Revenue reached $1.94 million, down from last year and short of forecasts, prompting a negative market reaction.

Analyst OutlookAnalysts remained divided as the company progressed deeper into its multi-year development cycle. Craig-Hallum's Richard Shannon reaffirmed a Buy rating, stressing that progress toward next-generation systems remains central to the bullish thesis. B. Riley Securities' Craig Ellis stayed Neutral and cut his price target from $42 to $35. Benchmark analyst David Williams maintained a Buy rating but reduced his target from $50 to $40, reflecting tempered expectations after the quarter. Also Read: Quantum Stock Tracker: IonQ, Rigetti, D-Wave Report Q3 Earnings

Please use a PC Browser to access Register-Tadawul Rigetti Stock Slides After Mixed Q3 Earnings: EPS Beat, Revenues Miss Rigetti Computing Inc. (NASDAQ:RGTI) shares fell after the company released a mixed third-quarter earnings report after Monday's closing bell. Here's a look at the details in the report. The Details: Rigetti Computing reported quarterly losses of three cents per share, which beat the analyst estimate for losses of four cents.

Earnings Report: Rigetti Computing reported a quarterly loss of three cents per share, which was better than the expected loss of four cents, but its revenue of $1.94 million fell short of the $2.17... Stock Performance: Following the earnings report, Rigetti's stock (RGTI) dropped 2.57% to $32.23 in extended trading. Technology Roadmap: The company outlined its technology roadmap, expecting to deploy a 150+ qubit system by the end of 2026 and a 1,000+ qubit system by the end of 2027, with high anticipated gate... CEO's Statement: Dr. Subodh Kulkarni, CEO of Rigetti, highlighted strong demand for their quantum computers and ongoing collaborations to enhance R&D and the broader quantum ecosystem.

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