"CEO Subodh Kulkarni said the company was "on track to deliver our 100+ qubit chiplet-based quantum system with an anticipated 99.5% median two-qubit gate fidelity by the end of 2025." Tonight is when investors find out if that target was met."
"Rigetti booked $5.7 million in Novera system purchase orders for H1 2026 delivery. Any update on backlog or new orders matters more than the headline revenue figure."
"Rigetti was not initially selected for DARPA QBI Stage B. Management commentary on government pipeline and whether that decision has been reconsidered will set the tone for 2026 sentiment."
Rigetti Computing, a largely pre-revenue quantum computing company, reports Q4 2025 earnings after market close. Wall Street expects $2.33 million in revenue and -$0.03 adjusted EPS. The stock has declined 26.16% since December 1, 2025, though it remains up 120.29% over the past year. Key metrics to monitor include whether the company delivered its 100+ qubit chiplet-based quantum system with 99.5% median two-qubit gate fidelity by year-end, updates on the $5.7 million Novera system purchase order backlog for H1 2026 delivery, management commentary on DARPA government contracts following initial non-selection for QBI Stage B, and expense management performance given limited revenue.
#quantum-computing #earnings-report #pre-revenue-technology #government-contracts #product-milestones
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