Rigetti Computing Reports Mixed Q3 Results Amid Quantum Computing Milestones
Rigetti Computing delivered a mixed financial performance in Q3, with an EPS loss of $0.03 beating estimates while revenue of $1.94 million fell short of expectations. The quantum computing firm reported declining year-over-year sales but outlined ambitious hardware roadmaps through 2027.
CEO Dr. Subodh Kulkarni highlighted strong demand for on-premises quantum systems and strategic collaborations advancing R&D. The company remains on track to deliver its 100+ qubit system featuring 99.5% median two-qubit gate fidelity—a critical threshold for practical quantum advantage.
Market observers note Rigetti's progress coincides with growing institutional interest in quantum computing applications for blockchain optimization and cryptographic security, though no direct cryptocurrency linkages were disclosed in the earnings report.
