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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Rigetti Computing
Rigetti Computing (RGTI) investor relations material
Rigetti Computing Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary10 Nov, 2026
Executive summary
Cepheus-1-108Q achieved 99.5% median two-qubit gate fidelity across 108 qubits, supporting the chiplet-based scaling approach.
A Department of Commerce agreement provides up to $100M for CHIPS Act quantum R&D, in exchange for a minority, non-controlling equity stake; no award funds had been received by quarter-end.
9M revenue rose to $10.949M from $5.220M; FY26 revenue guidance is ~$20M, conditional on C-DAC acceptance and Q4 revenue recognition.
Financial highlights
Q3 revenue was $1.411M vs. $1.947M YoY; gross profit was $857K vs. $404K, with 61% gross margin.
Q3 operating loss was $33.186M vs. $20.549M; 9M operating loss was $87.199M vs. $62.063M.
Q3 GAAP net loss was $3.137M vs. $200.968M; 9M GAAP net loss was $22.634M vs. $198.003M.
Q3 non-GAAP net loss was $20.468M vs. $10.652M; 9M non-GAAP net loss was $51.150M vs. $39.244M.
9M gross profit was $4.423M vs. $1.412M; R&D rose 50% to $66.180M and SG&A rose 31% to $25.442M.
Outlook and guidance
FY26 revenue guidance is ~$20M, assuming C-DAC customer acceptance and related revenue recognition in Q4.
Mid-2028 target: 300+ qubits, ~99.7% median two-qubit fidelity and gate speeds below 60 nanoseconds.
Longer-term target within ~3 years: ~1,000 qubits, 99.9% median two-qubit fidelity and gate speeds below 50 nanoseconds.
Priorities include real-time error correction, increased qubit density per refrigerator and infrastructure for larger systems; 2027 CapEx is expected to remain relatively consistent with 2026.
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Latest events from Rigetti Computing
- Pioneering scalable superconducting quantum systems, targeting 1,000+ qubits at high fidelity.RGTI
Investor presentation - Q2 2026 revenue hit $5.1M, with strong cash, key partnerships, and a $100M U.S. LOI.RGTIQ2 2026
- Superconducting quantum computing advances with high fidelity, modular scaling, and strong industry partnerships.RGTI20th Annual Needham Technology, Media & Consumer 1x1 Conference
- Director election and auditor ratification approved; no shareholder questions submitted.RGTIAGM 2026
- Quantum breakthroughs and major funding accelerate commercialization, with modular architectures leading.RGTICanaccord Genuity Virtual Quantum Symposium
- Chiplet-based quantum systems drive rapid scaling and industry adoption, with strong global investment.RGTI21st Annual Needham Technology, Media, & Consumer Conference
- Q1 2026 revenue soared 199% to $4.4M, fueled by 108-qubit launches and robust cash reserves.RGTIQ1 2026
- Record gate fidelities, strong cash, and major orders drive roadmap to quantum advantage.RGTIQ4 2025
- Q3 revenue fell 23% year-over-year, net loss narrowed, and cash is sufficient through early 2026.RGTIQ3 2024
Next Rigetti Computing earnings date
Q4 20264 Mar, 2027
Rigetti Computing
Next Rigetti Computing earnings date
Q4 20264 Mar, 2027
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Frequently asked questions
Rigetti Computing Inc. is a technology company focused on developing quantum computing systems and software. The company specializes in building quantum processors and providing cloud-based access to its quantum computing platform, which is designed to solve complex computational problems beyond the capabilities of classical computers. Rigetti’s technology serves industries such as finance, pharmaceuticals, aerospace, and artificial intelligence, offering solutions for optimization, simulation, and machine learning. The company is headquartered in Berkeley, California, and its shares are listed on the NASDAQ.