Rigetti Computing (RGTI) Projected to Post Quarterly Earnings on Monday

Key Points

• Rigetti will report Q1 2026 results after the close on Monday, May 11, 2026; analysts expect ($0.05) EPS and $4.125 million in revenue, with an earnings call at 5:00 PM ET.
• In the prior quarter the company posted ($0.03) EPS (beating estimates) while revenue fell 17.9% year‑over‑year to $1.87 million, and it recorded a very large negative net margin and negative return on equity.
• Shares traded near $18.22 (market cap ≈ $6.05B) amid mixed analyst coverage (average rating "Moderate Buy", average target ~$30.64) and recent insider sales by the CFO and CTO.

Rigetti Computing (NASDAQ:RGTI - Get Free Report) is expected to be announcing its Q1 2026 results after the market closes on Monday, May 11th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $4.1250 million for the quarter. Investors are encouraged to explore the company's upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Monday, May 11, 2026 at 5:00 PM ET.

Rigetti Computing (NASDAQ:RGTI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. Rigetti Computing had a negative net margin of 3,111.92% and a negative return on equity of 14.91%. The business had revenue of $1.87 million during the quarter, compared to analysts' expectations of $2.33 million. The company's revenue for the quarter was down 17.9% compared to the same quarter last year. On average, analysts expect Rigetti Computing to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rigetti Computing Price Performance

Rigetti Computing stock traded up $0.72 during midday trading on Monday, hitting $18.22. The company's stock had a trading volume of 12,064,322 shares, compared to its average volume of 29,594,295. Rigetti Computing has a 1-year low of $9.14 and a 1-year high of $58.15. The company has a 50-day moving average price of $16.25 and a two-hundred day moving average price of $23.02. The company has a market cap of $6.05 billion, a price-to-earnings ratio of -26.70 and a beta of 1.79.

Insider Activity

In other Rigetti Computing news, CFO Jeffrey A. Bertelsen sold 4,270 shares of the firm's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $17.52, for a total value of $74,810.40. Following the transaction, the chief financial officer directly owned 175,609 shares of the company's stock, valued at $3,076,669.68. This trade represents a 2.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO David Rivas sold 36,719 shares of the firm's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $17.52, for a total transaction of $643,316.88. Following the completion of the transaction, the chief technology officer directly owned 651,914 shares in the company, valued at approximately $11,421,533.28. This represents a 5.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rigetti Computing

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in shares of Rigetti Computing by 106.2% in the 1st quarter. Royal Bank of Canada now owns 220,701 shares of the company's stock worth $1,748,000 after purchasing an additional 113,644 shares during the period. AQR Capital Management LLC lifted its position in shares of Rigetti Computing by 138.9% during the 1st quarter. AQR Capital Management LLC now owns 81,047 shares of the company's stock valued at $642,000 after acquiring an additional 47,115 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Rigetti Computing by 25.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,409 shares of the company's stock valued at $890,000 after acquiring an additional 22,770 shares during the period. NewEdge Advisors LLC raised its holdings in Rigetti Computing by 197.8% during the first quarter. NewEdge Advisors LLC now owns 25,592 shares of the company's stock worth $203,000 after buying an additional 16,998 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Rigetti Computing during the first quarter worth $3,115,000. 35.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on RGTI shares. Benchmark dropped their price objective on shares of Rigetti Computing from $35.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, March 20th. Northland Securities started coverage on shares of Rigetti Computing in a research note on Monday, April 20th. They issued a "market perform" rating and a $20.00 price objective for the company. Wall Street Zen cut shares of Rigetti Computing from a "hold" rating to a "sell" rating in a research note on Sunday, April 26th. Royal Bank Of Canada cut shares of Rigetti Computing to a "hold" rating in a research note on Thursday, January 22nd. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $40.00 price objective on shares of Rigetti Computing in a research note on Thursday, March 5th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Rigetti Computing has an average rating of "Moderate Buy" and an average target price of $30.64.

Rigetti Computing Company Profile

Rigetti Computing is a pioneering quantum computing company that designs and manufactures superconducting quantum processors alongside a complementary software stack. Founded in 2013 by CEO Chad Rigetti, the company has developed end-to-end quantum systems—from cryogenic hardware to control electronics—to advance the performance and scalability of quantum machines.

At the core of Rigetti's offering is its Quantum Cloud Services (QCS) platform, which enables developers and enterprises to access quantum processing units (QPUs) and hybrid quantum-classical workflows via the cloud.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.