Quantum

Rigetti Reports Q3 2026 Results and Updates Quantum Computing Roadmap

Read full article at source ↗

Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 11/11/2026, 10:19:24 UTC.

Briefings

Rigetti Computing reported $1.4 million Q3 2026 revenue and $10.9 million for the first nine months of 2026, a 110% year-over-year growth. The company achieved 99.5% median two-qubit gate fidelity on its 108-qubit Cepheus-1 system and signed a $100 million CHIPS Act agreement with the U.S. Department of Commerce. The CEO confirmed a roadmap to reach 300+ qubits by mid-2028.

Key points

• Rigetti Computing reported $1.4 million in third-quarter 2026 revenue, representing a 110% year-over-year increase from $5.2 million in the first nine months of 2025.
• The company achieved 99.5% median two-qubit gate fidelity on its 108-qubit Cepheus-1 system, validating its chiplet-based architecture for scaling superconducting quantum computers.

Context

Rigetti Computing, Inc. (Nasdaq: RGTI) announced financial results for the third quarter ended September 30, 2026, alongside an update on business milestones. The company is a pioneer in full-stack quantum-classical computing, with a confirmed $100 million agreement with the U.S. Department of Commerce for CHIPS Act research and development programs.

Limitations

Evidence covers only third-quarter 2026 financials and the first nine months of 2026. The company's full-year revenue outlook is estimated at $20 million, which may not reflect actual performance. Specifics on the $100 million CHIPS Act award, including exact program details and equity stake terms, are described generally without further detail.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 11/11/2026, 10:23:47 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

View archived briefing on IPFS
bafybeiaa4qfsm5r636zse5y7h7zazugr2iw2r77vbnvii5gmg2ddwgizeu