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RGRGTI

Rigetti Computing, Inc.

$RGTI·$6.0B·Computer Hardware·Technology
$15.66+0.4%YTD-22.7%1Y+0.9%
Mentions · last 7 days
2026-08-22: 46 posts445+11%
Price updated 8h ago·X counts updated 9d ago
RGRGTI
$RGTIRigetti Computing, Inc.
$15.66+0.45%445 posts+11%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $RGTI, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Driven by hypeSelling offAI verdict · as of 2026-08-29

Falling on heavy selling — points lower unless it turns around.

Rigetti at 6% of its 52-week range with a BMO $35 target above and quantum-sector doubt below — pure story-stock at a technical break.

Rigetti Computing is a full-stack quantum-computing systems builder — one of the three publicly-traded quantum pure-plays (IonQ, D-Wave, Rigetti). The setup is a story-stock with a fresh sell-side price target that the tape isn't confirming.

  • The recent bull-side signal is real for a story stock: BMO initiated at Outperform with a $35 target (a ~124% upside from here), a $291K 59%-OTM $27 call sweep for December landed as a whale bet, and the tape has been rotating into quantum on QBTS strength — the crowd is playing catch-up on the entire category.
  • The underlying P&L is barely there: Q1 revenue was $4.4M (up 199% YoY on a tiny base) with a -28% gross margin and -590% operating margin, and the sell side models ~$23.5M for FY26 and ~$52.5M for FY27 — the price-to-sales of ~686x means the entire multiple is about the FY29+ pipeline.
  • The tape says the market is skeptical: at 7% of its 52-week range and 20% below the 200-day, the stock is treating BMO's $35 target as aspirational rather than actionable — Sabine Hossenfelder's public "failure of quantum computing" framing is capturing part of the trader mindshare, and today's -5.2% drop is part of a broader group selloff (D-Wave -8%, IonQ -3%).

The setup is a hot-momentum quantum story breaking down technically while the sell-side upgrade is still on the tape — the November 9 print is the referee, and the market needs a fresh named contract or a Rigetti-specific hardware milestone to break the trend. Another quarter of sub-$5M revenue with continued officer sales confirms the break-down; a named US government or hyperscaler quantum contract before earnings reverses it fast.

Agrees with X sentimentThe bullish X read on BMO's Outperform $35 PT initiation (rippled from QBTS), the +$291K 59%-OTM $27 call sweep, and the quantum-sector rotation is factually consistent — those are real crowd catalysts. The Sabine Hossenfelder "failure of quantum computing" bear framing is a fair counterpoint that the tape (sub-200-day, 7% of 52-week range) currently agrees with.

What to watch: The November 9 Q3 earnings — need revenue clearly above $5M, a fresh named government or hyperscaler contract, and stopped-out officer selling. Another quarter of sub-$5M revenue confirms the break-down; a named contract before earnings reverses it fast. Watch also for any Rigetti-specific fault-tolerance milestone announcement.

On the calendar: 2026-11-09 — Q3 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Mixed sentiment20 posts analyzed · as of 2026-08-30

Rigetti's thread pits multi-bagger bulls against zero-target bears. Bulls call the $12.73-$6.89 zone the last accumulation window before an $85+ target and see a weekly symmetrical-triangle breakout at $20-25 opening $30+. Skeptics quote 'PT $1.6', invoke Sabine Hossenfelder's 'failure of quantum computing is sinking in,' and warn of certain 95-100% losses. Italy annulling IBM's Salerno tender award (where Rigetti/Tea Tek/Treq finished second) is the only fresh non-technical spark.

Read the AI verdict + X sentiment for $RGTI

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What it does

Plain-English summary of the business — what they sell and how they make money.

Builds superconducting quantum processors and offers cloud-based quantum computing services for research and enterprise.

Industry overviewAI analysisGenerated by AI from underlying data

Where Computer Hardware sits in its cycle right now — and what that implies for $RGTI.

Computer Hardware · Technology

AI server infrastructure buildout drives compute shipment volumes; Dell and HPE are riding the same hyperscaler capex wave that lifted NVDA. Non-AI commercial refresh remains soft, so the bull case is concentrated in AI infrastructure exposure.

What this means for $RGTI

Partial — software subscription economics provide some insulation from macro cycles; AI integration is the growth catalyst for this segment; Rigetti Computing, Inc.

Top industry ETF

$SOXXiShares Semiconductor ETF
+75.7%YTD
+110.5%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-30.4How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-15.1%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-8.9%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-1.2%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
686.3Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-43.9%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
-19.8%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.0Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 6, 2026$-0.05$-0.05-8.6%
Q1 2026May 11, 2026$-0.04$-0.04+2.0%
Q4 2025Mar 4, 2026$-0.03$-0.05+40.0%
Q3 2025Nov 10, 2025$-0.03$-0.04+28.0%
Next earningsMon, Nov 9·consensus EPS $-0.05

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$4.4M+198.9%-28.1%-590%$0.10$-20.6M
Q4 FY25$1.9M-17.9%-92.1%-1210%$-0.06$-19.5M
Q3 FY25$1.9M-18.1%20.7%-1055%$-0.62$-19.7M
Q2 FY25$1.8M-41.6%31.4%-1104%$-0.13$-21.8M

Forward consensus

5-year forecast · up to 10 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$23.5M$18.0M – $28.3M-$0.18-$0.21 – -$0.1410
FY27$52.5M$43.0M – $59.5M-$0.19-$0.23 – -$0.129
FY28$75.8M$75.0M – $76.6M-$0.20-$0.28 – -$0.136
FY29$129.1M$105.5M – $153.1M-$0.22-$0.27 – -$0.175
FY30$223.3M$182.5M – $264.9M-$0.14-$0.17 – -$0.103

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.7×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.7%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-8.0%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-20.4%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 327.7M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today4.4% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β2.025-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellAug 20Jeffrey A. BertelsenCFO3.9K sh$65KSellAug 20David RivasCOO9.0K sh$152KSellAug 20Bestwick Andrew JosephCTO5.8K sh$97KSellJun 22Ray O JohnsonDirector84.9K sh$1.7MSellJun 15Michael S. CliftonDirector94.7K sh$1.1MSellJun 12Michael S. CliftonDirector4.4K sh$50KSellJun 8Ray O JohnsonDirector122.2K sh$2.6MSellJun 3Michael S. CliftonDirector54.0K sh$621KSellJun 2Michael S. CliftonDirector3.1K sh$36KSellJun 1Subodh K KulkarniCEO61.0K sh$1.5M
1–10 of 15
+ 7 other (5 awards · 2 exempts) in window

See when $RGTI insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

3New insider — initial holdingsAug 203
8-KOfficer or director changeAug 208-K — Item 5.02: Officer or director change
8-KOfficer or director changeAug 208-K — Item 5.02: Officer or director change · Item 7.01: Press release / Reg FD · Item 8.01: Other event
8-KShareholder voteJun 118-K — Item 5.07: Shareholder vote
AI summary

Rigetti Computing held its 2026 Annual Meeting on June 9, 2026. Stockholders elected Subodh Kulkarni as a Class I Director to serve until 2029 (84.4M For, 9.9M Withheld, 93.7M broker non-votes); and ratified BDO USA, P.C. as independent auditor for fiscal year ending December 31, 2026 (185.1M For, 1.5M Against). Both proposals passed without meaningful opposition. This is routine governance; no contested directors, no compensation concerns.

8-KUnregistered equity saleMay 218-K — Item 3.02: Unregistered equity sale · Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Rigetti Computing, Inc. (RGTI) filed an 8-K on May 20, 2026 disclosing unregistered equity sales (Item 3.02), a Regulation FD disclosure (Item 7.01), and an other-event announcement (Item 8.01). Rigetti is a Berkeley, California-based quantum computing company listed on Nasdaq. The combination of Items 3.02 and 7.01 typically indicates a concurrent private placement alongside an investor presentation; this represents dilutive equity activity for a pre-revenue quantum computing company.

8-KMaterial agreementApr 218-K — Item 1.01: Material agreement
AI summary

RGTI entered into a material definitive agreement (8-K Item 1.01, dated 2026-04-21). Counterparty: Chinook Therapeutics, Inc. (the “Sublandlord”). Material definitive agreement — investors should review the full exhibit for covenants, conditions, and use of proceeds.

8-KPress release / Reg FDApr 78-K — Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

RGTI filed an 8-K Item 7.01 (Reg FD) disclosure dated 2026-04-07. Reg FD disclosures make material information simultaneously available to all investors; content may include guidance updates, strategic plans, or preliminary results.

8-KOfficer or director changeMar 208-K — Item 5.02: Officer or director change
AI summary

RGTI disclosed a personnel change (8-K Item 5.02, dated 2026-03-20). An executive departure and a new appointment are both reported. Personnel changes are generally administrative; materiality depends on seniority and circumstances.

+ 13 other (4 13Gs · 2 10-Qs · 2 earnings 8-Ks · 2 proxys) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

A Look at Rigetti Computing Inc (RGTI) After 5.2% Decline -- GF Value $7.78 vs Price $15.59gurufocus.com·3d agoQUBT vs. RGTI: Which Quantum Stock Is the Better Pick Now?zacks.com·5d agoStrong Cash Cushion Strengthens Rigetti's Long-Term Growth Roadmapzacks.com·6d agoD-Wave Sinks 8% as Its CFO Retires; Rigetti Slides 5%, IonQ Falls 3%247wallst.com·6d agoQuantum Computing Is Raising the Stakes for Cybersecurity: 5 Stocks to Watchmarketbeat.com·6d ago

In themes

Explore the broader themes this ticker is being talked about under.

Quantum Computing

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