---
title: "RGTI Earnings: Rigetti Stock Down despite Massive Q1 Revenue Jump"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285991125.md"
description: "Rigetti Computing (RGTI) shares fell in after-hours trading despite a 200% year-over-year revenue increase to $4.4 million in Q1 FY2026, surpassing expectations. The company reported an adjusted loss per share of $0.04 and an operating loss of $26 million, while ending the quarter with $569 million in cash and no debt. Wall Street has a Moderate Buy consensus on RGTI, with an average price target of $30.67, suggesting a 50.25% upside potential."
datetime: "2026-05-11T20:11:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285991125.md)
  - [en](https://longbridge.com/en/news/285991125.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285991125.md)
---

# RGTI Earnings: Rigetti Stock Down despite Massive Q1 Revenue Jump

Shares of Rigetti Computing (RGTI) fell in after-hours trading after the quantum computing company reported earnings for its first quarter of Fiscal Year 2026. Q1 revenue increased by about 200% year-over-year to $4.4 million, with support from new on‑premises quantum hardware sales. The topline also surpassed analysts' expectations of $4.09 million.

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Meanwhile, RGTI reported an adjusted loss per share of $0.04, which was in line with analysts' consensus estimate. Further, the company reported an operating loss of $26.0 million, reflecting continued investment in system development and scaling.

The company ended the quarter with $569 million in cash and investments and no debt, giving it significant flexibility to fund R&D and future system deployments.

## **Is RGTI a Good Stock to Buy?**

Wall Street has a Moderate Buy consensus rating on Rigetti Computing stock based on eight Buys and three Holds. The average RGTI stock price target of $30.67 indicates about 50.25% upside potential.

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