Rigetti Computing Reports Second Quarter 2026 Financial Results

Rigetti Computing reported second-quarter 2026 revenue of $5.1 million, a $28.1 million operating loss, and $541.3 million in cash, cash equivalents, and available-for-sale investments.

The company highlighted progress on hybrid quantum-classical computing collaborations, on-premises system deployments, and its superconducting quantum computing technology roadmap.

Rigetti continues to target larger-scale quantum systems while advancing partnerships with HPE, the Pittsburgh Supercomputing Center, and U.S. government programs.

Rigetti Computing, a pioneer in full-stack quantum-classical computing, announced financial results for the second quarter ended June 30, 2026 and provided an update on recent business and technology milestones.

“In the second quarter, we continued to execute on our strategy by focusing on our system performance, progressing our core technology roadmap, and broadening on-premises system deployments,” said Dr. Subodh Kulkarni, Rigetti CEO. “Our recently announced expanded collaboration with Hewlett Packard Enterprise Company (HPE) and the Pittsburgh Supercomputing Center to develop a hybrid quantum-classical supercomputer reflects growing demand for our approach and positions Rigetti to deliver differentiated quantum-enhanced high-performance computing (HPC) solutions.”

“We are seeing broadening engagement across government, academic, and commercial customers, and we believe our open modular approach, superconducting gate-based architecture, and chiplet-based scaling strategy continue to differentiate Rigetti in the market. End users who leverage our systems over the cloud benefit from ease of use and consistent uptime, which we will continue to prioritize as quantum computing R&D progresses,” Dr. Kulkarni continued. “In addition, our recently announced letter of intent with the U.S. Department of Commerce for up to $100 million in potential funding underscores the strategic importance of our platform and could help us accelerate key R&D programs aimed at scaling and advancing superconducting quantum computing.”

Rigetti ended the second quarter of 2026 with a strong cash position and no debt, providing flexibility to continue investing behind its technology roadmap and customer opportunities.